Overview of Realtimeforex247
Realtimeforex247 is a recently established trading platform based in Switzerland, specializing in cryptocurrency CFDs, direct crypto asset trading, and forex trading. Despite being unregulated, it offers a range of trading products including opportunities to speculate on cryptocurrencies and engage in traditional forex trading using the popular MetaTrader 4 platform. The platform supports flexible cryptocurrency payment options with a wide range of deposit and withdrawal limits to suit various traders.
Realtimeforex247 provides comprehensive customer support through email, WhatsApp, and a physical office in Bern, ensuring assistance is readily available. While the lack of regulation poses concerns for some investors, Realtimeforex247 attracts those interested in diverse trading opportunities across both digital and traditional financial markets.
Regulatory Status
Realtimeforex247 is not regulated by any recognized financial authority, which increases the risk of fraud and offers no legal protection for investors.
Pros and Cons
Pons:
Operates in over 150 countries: The platform operates in over 150 countries, offering broad market access to its users. This wide international coverage allows various investors to trade and invest globally.
Offers over 300 trading instruments: The platform provides over 300 trading instruments, including stocks, bonds, commodities, and more, allowing investors to diversify their investment portfolios flexibly.
Over 8 Years of Operational Experience: The platform boasts more than eight years of industry experience, providing it with stable and mature market operations capabilities.
Utilizes 100% high technology: The platform proudly utilizes 100% high technology, ensuring that traders have access to advanced trading tools and a robust trading environment, thereby enhancing trading efficiency and effectiveness.
Cons:
Lack of Formal Regulation: The platform is not supervised by any official financial regulatory authority, which could expose traders to higher risks of fraud and unethical trading practices, making it less secure compared to regulated platforms.
Lack of leverage information: leverage is vital in amplifying potential returns, especially in volatile markets like forex and cryptocurrencies. Without clear details on leverage options, traders may struggle to accurately evaluate the risks and potentials of their strategies.
Market Instruments
Realtimeforex247 provides over 300 trading instruments that accommodate various types of investors.
Cryptocurrency CFDs: Realtimeforex247 provides traders the opportunity to engage in cryptocurrency CFDs, allowing them to speculate on the price movements of cryptocurrencies without actually owning the underlying digital assets. This includes popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others like XRP, Dogecoin, Monero, Stellar, Tether USDt, BNB, TRON, USDC, Solana, and Polkadot. Trading CFDs offers benefits such as leverage and the ability to go long or short, giving traders flexibility in their investment strategies.
Crypto Assets: Apart from CFDs, Realtimeforex247 also allows trading directly in various crypto assets. This enables investors to buy and hold actual cryptocurrencies through the platform, which can be a preferable option for those looking to invest long-term in digital currencies and potentially benefit from price appreciation.
Forex Trading: In addition to cryptocurrencies, Realtimeforex247 offers forex trading services. Forex trading involves currency pairs from around the world, providing traders with access to one of the most liquid markets. This allows for high-volume trading with tight spreads and significant opportunities for profit in both rising and falling markets.
Account Types
Realtimeforex247 only mentions offering live trading accounts, not demo accounts. This live trading account gives traders access to a variety of financial instruments including cryptocurrencies and forex, making it suitable for experienced traders who are prepared to participate in real market conditions and capital.
This account is ideal for those who have a deep understanding of market dynamics and are able to navigate the potential volatility of financial markets. Real accounts allow traders to take advantage of market volatility for potential gains, but require a higher level of risk tolerance and market expertise.
How to Open an Account？
Visit the Website: Navigate to the official website of Realtimeforex247.
Sign Up: Locate and click on the “Open Account” button on the homepage.
Complete Registration Form: Fill in your personal details such as name, email, phone number, and additional required information.
Verify Identity: Upload necessary documents like a government-issued ID and bank statement for address verification.
Configure Account and Deposit Funds: Select your preferred account type and make an initial deposit using one of the available payment methods.
Activate Account: Follow the instructions in the confirmation email to complete account activation, then begin trading.
Spreads & Commissions
Realtimeforex247 promises to offer highly competitive trading conditions, particularly for cryptocurrency transactions. A notable feature of the platform is its low commission policy, meaning that users are not required to pay high commissions on any transactions.
Additionally, combined with a zero commission policy, Realtimeforex247 also offers competitive low spreads, further reducing trading costs and making it more economical to buy and sell cryptocurrencies. This low-cost trading environment not only attracts a broad range of investors, especially active traders who frequently execute small transactions but also provides opportunities for all levels of users to participate in the cryptocurrency market.
Trading Platform
Realtimeforex247 offers the industry-standard MetaTrader 4 (MT4) platform, known for its user-friendly interface, advanced charting tools, and support for automated trading through Expert Advisors (EAs). This platform is ideal for traders seeking a combination of manual and automated trading strategies, providing a comprehensive suite of resources to enhance trading efficiency and decision-making.
Deposit & Withdrawal
Realtimeforex247 provides versatile payment options to cater to the diverse needs of our clients.
For deposits, Realtimeforex247 supports cryptocurrency payments, allowing users to fund their trading accounts with various cryptocurrencies such as Bitcoin (BTC), Tether (USDT), Ripple (XRP), Ethereum (ETH), Stellar (XLM), and Litecoin (LTC). Deposits are credited to accounts within 30-60 minutes, depending on cryptocurrency, and require clients to pay blockchain fees. The minimum and maximum deposit and withdrawal amounts range from $30 to $100,000, with withdrawals processed within 1-2 days.
For Withdrawal, Realtimeforex247 offers fast and secure withdrawal options with transaction fees covered by the platform. Clients can easily withdraw funds by logging into the secure client portal.
Customer Support
Realtimeforex247 offers a 24/5 customer service support system designed to assist clients efficiently:
Physical Address: The headquarters of Realtimeforex247 is located at Welle 7, Schanzenstrasse 5, 3008 Bern, Switzerland.
Email Support: Customers can reach out to the support team via email at info@realtimeforex247.com for inquiries, support requests, or any other communication needs.
WhatsApp Support: Realtimeforex247 offers dedicated WhatsApp support, available through a premium request service. This allows for quick and convenient communication directly from your mobile device.
Conclusion
Realtimeforex247 offers a robust trading platform utilizing MetaTrader 4, catering to experienced traders with a range of financial instruments including cryptocurrencies and forex. The platform boasts low commissions, competitive spreads, and supports multiple payment options for deposits and withdrawals, enhancing its appeal to active traders.
However, its lack of regulatory oversight could pose significant risks such as potential fraud and limited legal protection for traders, which is a critical factor to consider.
FAQs
Q: How do I start trading with Realtimeforex247？
A: Register on their website, verify your identity, set your account preferences, deposit funds, and follow the email instructions to activate your account.
Q: What platform does Realtimeforex247 offer for trading？
A: They use the MetaTrader 4 (MT4) platform.
Q: What types of accounts are available at Realtimeforex247？
A: They offer a live trading account for real money trading.
Q: What can I trade at Realtimeforex247？
A: You can trade cryptocurrencies, forex pairs, and other derivatives.
Q: How are deposits and withdrawals handled？
A: Cryptocurrency deposits are supported, and withdrawals are secure and quick, with fees covered by the platform.
Q: What customer support options does Realiteforex247 provide？
A: Support is available via email, WhatsApp, and at their physical office in Bern, Switzerland. They offer 24/5 service.
