Note: Random Capital's official site - https://randomcapital.hu/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Random Capital？
Random Capital is an unregulated financial services provider that offers trading services to clients, including access to various financial instruments such as stocks, ETFs, futures, investment certificates, and securities like bonds and bills. It offers various account types, including real accounts for active trading, long-term investment accounts (TBSZ), and savings retirement accounts (NYESZ). The brokerage also provides a selection of trading platforms, including Randi, Netboon, and Mobil Broker.
Pros & Cons
Pros:
Wide Range of Trading Instruments: Random Capital offers a diverse selection of trading instruments across various asset classes, including Stocks, ETFs, futures, investment certificates, securities: bonds and bills.
Multiple Account Types: The platform offers diverse account types, including the Real Account, Long Term Investment Account, and Savings Retirement Account, catering to various trading needs and experience levels.
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.
Lack of Information: The company's website is non-functional, suggesting a lack of transparency and reliability. The lack of comprehensive information hinders informed decision-making and fuels suspicion.
Is Random Capital Legit or a Scam？
Random Capital currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Market Instruments
Random Capital provides a diverse range of trading instruments across various asset classes, catering to the diverse investment needs and preferences of its clients. Traders have access to a wide array of opportunities, including stocks, ETFs (Exchange-Traded Funds), futures contracts, investment certificates, and securities such as bonds and bills.
Account Types
Real Account: Designed for active trading, requiring a minimum deposit of HUF 25,000 or its equivalent in other currencies. Identity verification and registration form completion are necessary for account opening.
Long-Term Investment Account (TBSZ): Geared towards investments lasting 5 years or more, with a minimum deposit of HUF 25,000 by December 31st. Premature withdrawals result in loss of tax relief, with tax reductions after 3 years and full exemption after 5 years.
Savings Retirement Account (NYESZ): Aimed at retirement savings, offering tax-free income except for dividends. First withdrawal must occur no sooner than 10 years after opening, with a potential additional 20% annually on deposited amounts, up to HUF 100,000 per year.
Leverage
Random Capital provides traders with a maximum leverage of 1:5, offering a conservative approach to trading that emphasizes risk management and capital preservation. With this leverage ratio, traders can amplify their positions by a factor of five relative to their initial investment. While this level of leverage may be lower compared to some other brokers in the industry, it aligns with Random Capital's focus on prudent trading practices and protecting investors from excessive risk exposure.
Spreads & Commissions
Bforex offers different account types tailored to meet various trading needs and preferences. Regardless of the chosen account type, clients benefit from competitive spreads, with a minimum spread value starting from $2. Additionally, Bforex maintains a transparent fee structure for withdrawals, charging a commission of 0.1% per transaction, ensuring that clients can efficiently manage their funds without incurring excessive costs.
Trading Platforms
Random Capital provides its clients with a selection of robust trading platforms to suit their needs and preferences. Among these options are Randi (Random Interface), Netboon, and Mobil Broker.
Randi, known for its intuitive interface and user-friendly design, offers seamless navigation and advanced trading tools for both novice and experienced traders.
Netboon provides a comprehensive online trading experience with a wide range of features, including real-time market data, customizable charts, and advanced order types.
Additionally, Mobil Broker offers flexibility and convenience with its mobile trading app, allowing clients to access the markets and manage their portfolios on the go.
Deposits & Withdrawals
At Random Capital, clients have multiple options for depositing funds into their accounts, including bank wire transfer for transactions in HUF and SWIFT-transfer for transactions in USD and EUR. Typically, bank transfers are credited to the account within a day, although the exact crediting period may vary depending on the workload of the payment system.
Additionally, users have the flexibility to transfer securities to their accounts alongside fiat currencies. Notably, Random Capital does not charge for deposit replenishment, providing a cost-effective way for clients to fund their trading activities. However, there is a fixed withdrawal fee ranging from 0.1% to 0.2%, depending on the currency and account involved in the transaction.
Customer Service
Clients can reach out for assistance on Tuesday and Thursday, from 9 AM to 4 PM via email: info@randomcapital.hu and phone at 06-1-501-3300 during the company's operating hours. Additionally, for face-to-face support, Random Capital welcomes visitors to their office located at 1138 Budapest, Népfürdó u. 24-26.
Conclusion
In conclusion, Random Capital offers diverse trading instruments to cater to different trading needs and allows trading with multiple account types. However, its unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its service sections can hinder a trader's decision-making process.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
