RingoTrade – trade binary options in Kyrgyzstan

These brokers can afford expensive advertising, they use the services of the best financiers, analysts, and programmers. Also, do not forget that the activities of these companies are regulated by world-famous organizations.

Each trader who has registered an account on these platforms cannot doubt their reliability and decency. But what about the owners of companies such as RingoTrade? About this broker, popular in Kyrgyzstan, many traders know practically nothing.

There is an opinion that if a company cannot or does not want to occupy its niche in the global financial markets, it means that it is not yet ready to reach that level. Such an explanation quite suits popular brokers (the fewer competitors, the easier it is to attract new users).

But ordinary traders do not have to agree with the above statement. Among novice brokers that do not have the capital to advertise widely, you can find companies with genuine appeal.

And these will not all be scammers, as many traders believe, but real participants in the global financial markets who always fulfill their obligations. We now consider this question in more detail.

Each section of the service is designed to perform certain functions and a convenient interface allows you to quickly navigate and explore the structure of the platform, without assistance.

RingoTrade security

This broker uses classical methods to ensure the security of its clients, like any other binary options broker. These include:

• Keeping users’ funds in separate accounts
• The use of an automatic SSL transaction encryption system
• The RingoTrade application and other software services are constantly tested and updated
• In case of force majeure situations, platform users may contact support representatives by email, online chat, or phone. They work 24/7

RingoTrade regulators

One of the main drawbacks of this service is the lack of licenses for the right to engage in financial activities, issued by reputable organizations. Elimination of this negative factor would result in a significant uplift of the company’s rating and allow it to work more widely in the global financial markets.

Many experienced traders recommend registering an account with RingoTrade, without fear of any trouble from the broker, however, despite the absence of a regulator.

RingoTrade training

RingoTrade’s management simply could not ignore the passion for trading in Kyrgyzstan. In Bishkek, the capital of Kyrgyzstan, there are nearly a dozen brokerage clubs that bring financial trading to this state. In the brokerage rooms, a novice trader can see how deals are made and what you need to know to correctly predict changes in asset values.

As for theoretical training, this issue is also given a lot of attention. Novice traders can complete a full course of study and then practice their skills using a RingoTrade demo account. If want a regulated options broker, check out Pocket Option Review.

The trader must register, deposit the required amount, choose the type of trading that is most interesting for him, and get to work.

General trading conditions at Ringotrade

• Minimum deposit – $0.07 (or 5 Kyrgyz soms)
• Rate – $0.7 (or 50 Kyrgyz soms)
• Minimum withdrawal – 1 som ($ 0.014)
• Account currency – Kyrgyz som
• Types of options – higher/lower, touch, designer, combo options, classic options, turbo options, or stepped
• Potential trader’s profit – up to 92% for each successful transaction
• Trade using mobile devices – yes
• It is possible to work with popular cryptocurrencies.

How to deposit and withdraw money at RingoTrade

After completing the course of training and practicing on a demo account, the novice trader can deposit funds into his trading account and start his first financial transaction. In reviews of RingoTrade, their authors argue that the Kyrgyz trading platform provides a wide range of ways to replenish the deposit:

• Quickpay
• Qiwi
• Mobile
• Rosinbank
• Elsom
• Bank transfers
• Plastic cards of financial institutions

Trading assets at RingoTrade

When compiling RingoTrade reviews, many users of the resource pay little attention to the assets and tools that they used to conduct financial transactions.

However, the trading platform’s management ensures that, besides transactions with traditional currency pairs, you will have the opportunity to work with cryptocurrencies, stock indices, and material resources. The main thing is to know all the factors affecting the value of these assets so that you are trading and never gambling.

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