How Reliable is Ridder Trader? An Introduction and Review

In the world of forex trading,Top ten traders on mt4 choosing a reliable and efficient trading platform is one of the keys to success. Today, we will focus on the Ridder Trader forex platform, exploring its performance in terms of reliability. Since its establishment, Ridder Trader has gradually grown into an important player in the industry, attracting traders from all over the globe with its diversified services and products. However, the true value of any platform lies in its daily operations, including the speed of trade execution, the quality of customer service, and the security of funds, among other aspects. Next, we will delve into Ridder Trader's performance in these key areas to help you better understand whether this platform meets your trading needs. Whether you are an experienced trader or a beginner stepping into the forex market, this review will provide you with valuable information.

Refer to the top 100 forex platforms listed by FTI for selection; if a platform isn't within the top 100, pay special attention to the main white label relationships and risk warnings.

According to FTI, Ridder Trader was established in 2020, ranked 5334 globally, with a safety score of 40 out of 100, claiming to hold regulatory licenses from two countries, and has had 20 risk scan alerts.

The reliability of the Ridder Trader forex platform is highly controversial and risky. Here are some critical points summarizing the platform:

1. **Regulatory Issues**:

   - Ridder Trader claims to be regulated by the Financial Services Commission (FSC) of Mauritius, but the regulatory oversight there is considered weak, especially concerning investor protection.

   - The company also claims to have an Australian license, but actual regulatory protections are very limited, particularly for Chinese investors, as ASIC (Australian Securities and Investments Commission) has banned providing services to mainland China customers.

2. **Trading Tools and Technology Partnerships**:

   - Ridder Trader announced a partnership with oneZero to enhance liquidity and price competitiveness on its trading platform, which theoretically should offer users a superior trading experience.

   - However, reviews indicate that the TradeEvo trading platform used by Ridder Trader suffers from high spreads, lacks depth in trading features, transparency issues, and inadequate service quality.

3. **Negative Reviews and Allegations**:

   - Reports allege that Ridder Trader engaged in false advertising, including about a non-existent collaboration regarding MT5 trading tools.

   - More seriously, Ridder Trader has been accused of operating a Ponzi scheme, using a so-called MOPAI artificial intelligence trading system to deceive investors and involving illegal business practices and unlawful public deposit absorption.

Based on the above information, it is advised that potential investors stay away from platforms like Ridder Trader, as it seems not to provide adequate security and may involve fraudulent activities. When choosing a forex trading platform, thorough research is essential, selecting companies that are strictly regulated and reputable. If you doubt the safety of a particular platform, it is best to consult financial advisors or relevant regulatory bodies.

FTI Comprehensive Review: The final outcome of the Ridder Trader platform is the same as that of the OuLi platform. After the collapse of OuLi, established in 2020, LiDe Ridder Trader was founded in 2019, continuing to operate domestically under the guise of lacking proper forex qualifications, unregistered domains, and identical website templates.

The financial market varies greatly in quality, carrying investment risks. We must thoroughly investigate platforms before forextrustindex. To avoid scams, check FTI first.

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