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Broker Review

Quick Review

River East Financial Markets (REF Markets), is the platform provider division of River East Financial Ltd (NZ) or REF. Client funds are extremely safe, being deposited to an isolated Barclays Bank (London) account. They have proven themselves to be a broker who is dependable and reliable. Apart from being a regulated broker, traders are provided with superior quality services and products to work.

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REF Markets provides proven multi-asset trading platform solutions for day traders, algorithmic traders, signal traders and money managers alike. 

 

REF Markets cannot currently offer its products or services to residents of the USA, Canada or New Zealand.

REF Markets in Depth Review

REF Markets promotes a 'culture of expertise' which caters to expert traders while providing an environment for novice traders to develop  skills and to become experts. REF, among other features, provides a  'News' page where they post the subjectively most highly significant news events, eliminating the 'noise' of standard news feeds. Their 'Education' page provides articles on advanced trading techniques and strategies to attempt to advance foundational trading techniques.

They cater to a broad range of trading styles by offering diverse platforms and educational services in order to create long term success and customer loyalty.

Reliability

River East Financial Markets (REF Markets), is the platform provider division of River East Financial Ltd (NZ) or REF - which is incorporated and registered as a Financial Services Provider in New Zealand (Reg No: 4872279). REF is a member of 'Financial Services Complaints Limited', a New Zealand Government approved Dispute Resolution Scheme (DRS).

Client funds deposited with REF are held in an isolated Barclays Bank (London) account, providing enhanced security for these funds.

Trading Platforms

Their unique MT4 solution accepts all Meta Trader order types, supports Expert Advisor, and enables comprehensive order flow and position management through a streaming interface and comprehensive back office system.

MT4 Functionality:

  • Can be used on both PC, MAC, laptop, tablet or mobile
  • MT4 is proven to be fast, accurate, and reliable.
  • Supports One Click trading
  • Customers only need to click on “sell” or “buy” to trade.
  • Supports multiple languages (up to 17) including traditional and simplified Chinese.
  • the platform uses high level data encryption for security purposes.
  • Different levels of leverage can be set up to 1:100
  • Offers multiple asset classes: Forex, Gold, Silver, Crude Oil, Indices.
  • Robust, distributed data backup ensured, data recovery is extremely efficient if there are any server issues – a few minutes.
  • Easy and quick to download and install.
  • System and trading alerts can be set.
  • Stop loss (S/L) and Take Profit (T/P) orders are easily established and set.
  • Partial trade closure is possible and simple, allowing dynamic risk management.
  • Extensive charting tools provide

River East Trader:

The River East Trader (REF Trader) is a fully customizable trading platform that is accessible via the web. Their complete bundle includes advanced trading features, professional charting tools and real-time news feeds. The REF Trader also offers a Volume Weighted Average Price (VWAP) feature which can be preset to a larger trade volume size, and therefore provide additional price transparency.

Main Features

  • VWAP – view your average price for large orders
  • Market Depth – easily view depth of liquidity
  • Customisable workspace with module docking|
  • Speed of Execution

Commission & Spreads

Like all online forex broker, REF Markets does not charge any commission for their services. Instead, REF Markets earns by adding a spread on top of the prices that traders get from the market. The spreads charged are variable and competitive.

Customer Support

Committed to helping their clients succeed, REF Markets provides their clients assistance on a 24/6 basis. The support team can be contacted by means of:

  • Email
  • Live Chat
  • Telephone

REF Markets' Pros & Cons

Pros

  • Regulated Broker
  • Multiplier Trading Platforms
  • Advanced Educational tools
  • News Filtering tool
  • Funds secured in Barclays bank

Cons

  • Does not Accept US and Canadian members
  • Variable Spreads
  • Withdrawals through wire-transfer only

Overview

Overview Topics

  • Headquarters: Auckland, New Zealand
  • Established: 2013
  • Min. Deposit: $100
  • Max. Leverage: 1:400
  • Demo Account: Yes

Deposit Options

  • Wire Transfer
  • Credit Card
  • Debit Card

Withdrawal Options

  • Wire Transfer

Conclusion

River East Financial Markets (REF Markets), is the platform provider division of River East Financial Ltd (NZ) or REF. Client funds are extremely safe, being deposited to an isolated Barclays Bank (London) account. They have proven themselves to be a broker who is dependable and reliable. Apart from being a regulated broker, traders are provided with superior quality services and products to work.

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Risk Guidlines

Trading foreign exchange markets involves risk including the risk of losing part or all of the money invested. You assume all risk associated with your trading activities and at all times. You should select a brokerage firm you are comfortable with and be aware of all rules and regulations associated with that brokerage firm. The brokers listed here are for convenience and should not be construed as an endorsement.

Individuals trade and Invest at their own risk and profit