Forex RMS TRADE Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

RMS TRADE Trading Conditions

Registered Region Australia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number +61390200155

Website www.rm-fx.com

Balanced Review

Pros & Cons

Pros

Focus on forex trading services
Access to popular trading platforms: MT4 and MT5
Variety of account types available
Demo account for practice trading
Customer support available via telephone

Cons

Not regulated by any recognized financial authority
Reportedly a clone firm, raising legitimacy concerns
Limited contact options, only telephone support available
Unclear offerings of trading instruments beyond forex
Potential for higher risk of fraud due to lack of oversight

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	RMS TRADE	DBG Markets	IC Markets Global	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does RMS TRADE Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginner and intermediate traders	Access to forex trading with standard features	Suitable for small-capital practice
Professional Account	Experienced traders	Potential for higher leverage and customized services	Eligibility may require trading volume qualifications
Corporate Account	Corporate clients	Designed for businesses with trading needs	Requires corporate documentation
Demo Account	All trader levels	Practice trading in a risk-free environment	Ideal for testing strategies and platforms

Account Opening Process

To open an account with RMS TRADE, prospective clients must follow a straightforward process. First, applicants will need to submit personal information, including name, contact details, and employment information. Next, financial information is required to assess trading experience and risk appetite. Identity verification is a crucial step, where traders must provide a valid ID and proof of address. It is important to note that account flexibility allows users to upgrade to a professional account later, depending on their trading activity and requirements.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	[Spread]	[Commission]	Tight spreads typically available
CFDs (Stocks, Indices, Commodities)	[Spread]	[Commission]	Varies across different instruments
Cryptocurrencies	[Spread]	[Commission]	Variable depending on market conditions

Other Fees

Clients should be aware of several other fees that may apply when trading with RMS TRADE. These include potential deposit and withdrawal fees, inactivity fees for dormant accounts, and any applicable platform usage fees. Additionally, overnight interest fees (swap rates) may apply to positions held beyond the trading day, as well as currency conversion fees for trades involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

RMS TRADE User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

Melbourne

★ ★ ★ ★ ★

I had a poor experience with RMS TRADE. The withdrawal process took much longer than expected, and I faced a lot of difficulties getting in touch with customer support. They only have a phone line, and it was hard to get my concerns addressed.

Emily Johnson

Sydney

★ ★ ★ ★ ★

Overall, I am quite satisfied with RMS TRADE. The MT4 platform is user-friendly, and I found the execution speed to be impressive. While I wish there were more contact options for support, the trading experience has been solid for me.

Michael Brown

Brisbane

★ ★ ★ ★ ★

I feel like I was misled by RMS TRADE. The lack of regulation really worries me, and I had trouble accessing my funds. Their customer service is lacking, making it difficult to resolve my issues. I would not recommend this broker.

Sophia Davis

Perth

★ ★ ★ ★ ★

RMS TRADE has been great for my forex trading needs! I appreciate the demo account option, which helped me practice before going live. The platform is robust, and I enjoy the range of forex pairs available.

Australia Market