Ridder Trader Is A CFD Broker Incorporated In Mauritius On April 13, 2023. It Mainly Provides Investors With CFD Trading Services Such As Foreign Exchange, Precious Metals, Indices, Commodities, Futures, Stocks, Etc. The Company Is Headquartered In Kuala Lumpur. In Addition, Ridder Trader Does Not Provide Services To Residents Of The United States, Germany, The People's Republic Of China And The Hong Kong Special Administrative Region Of The People's Republic Of China, As Well As To Anyone In Any Country Or Jurisdiction Who May Violate Local Laws Or Regulations.

Corporate Background:

According To The Public Information On Its Official Website, Ridder Trader's Registered Corporate Entity In Mauritius Is Ridder Trader Ltd. After Inquiry, The Official Website Of The Mauritius Department Of Enterprise And Business Registration (CBRD) Shows That Its Registered Address Is C/O LEGACY CAPITAL CO LTD, 40 SILICON AVENUE 2ND FL, SUITE 201, THE CATALYST EBENE MAURITIUS, And The Enterprise Registration Number Is C196218. As Of September 15, 2023, The Directors Of The Company Are BHATOO SHAKEEL, BOODHOO NAASIR-UD-DEEN, KUNDOMAL BHIMALRAM JAVESH, NG'HWANI MARY PAUL. The Company's Specific Office Address Is C/O LEGACY CAPITAL CO LTD, 40 SILICON AVENUE 2ND FL, SUITE 201, THE CATALYST EBENE MAURITIUS.

Regulatory Status:

Ridder Trader States On Its Official Website That Its Registered Entity Ridder Trader LTD Is Authorized And Regulated By The Mauritius Financial Services Commission (FSC), License Type SEC-2.1B, License Number GB23201566. After Verification, The Broker Does Have This License, But The FSC Only Grants Offshore Financial Licenses, And Mauritius Is A Small Country, And The License Is Less Regulated.

The Saint Vincent & Grenadines Financial Services Authority (SVGFSA) Does Not "regulate, Monitor, Regulate Or License" Commercial Companies (BCs) Engaged In Foreign Exchange Trading Or Brokerage Business. The Scope Of Regulation Is Limited To Ensuring That BC Complies With Its Obligations Under The Commercial Companies (Amendment And Merger) Act, Chapter 149 Of The Revised Laws Of Saint Vincent And The Grenadines, 2009. That Is, Its Company Registered In Saint Vincent And The Grenadines Has No Regulatory Presence.

And Ridder Trader Registered In Mauritius For A Less Regulated Financial License Three Years After The Company Was Established And Operated, Raising Doubts About The Safety Of Its Transactions.

Market Instruments:

Forex: The Foreign Exchange Market Is One Of The Largest And Most Liquid In The World. Investors Use CFDs For Foreign Exchange Trading With The Aim Of Benefiting From Price Changes By Buying Or Selling One Currency Against Another.

Stocks: Investors Can Trade CFDs On Stocks Of Different Companies Through BTMarkets. CFDs On Stocks Can Enable Investors To Buy Short Or Sell Short Based On The Price Fluctuations Of A Stock Without Owning The Actual Stock.

Commodities: Commodities Are An Important Driver Of Global Markets And Are A Highly Volatile Asset Class. Traders Can Use Them To Diversify Their Portfolios.

Indices: Indices Are Used To Measure The Performance Of A Collection Of Stocks In A Particular Industry Or Belonging To Some Of The World's Famous And Widely Recognized Companies.

Precious Metals: Precious Metals CFDs Are Derivatives On Financial Marekt That Allow Investors To Trade Based On Future Price Fluctuations Of Precious Metals (e.g. Gold, Silver) Without Actually Holding The Physical Object.

Futures: Futures CFDs Are Financial Instruments That Allow Investors To Trade Based On Future Price Fluctuations Of An Underlying Asset Without Actually Holding The Asset Itself.

Pros And Cons Of Ridder Trader

Pros:

• ASIC Regulated To Ensure The Safety Of Client Funds
• Offers A Variety Of Trading Instruments Including Futures, Indices, Metals, Commodities, Foreign Exchange Pairs, And Stocks
• Offers A Variety Of Account Types In Different Trading Environments, Including Zero Commission Trading
• Offers Leverage Up To 1:1000
• 24/5 Customer Support, Accessible Via Email, Phone, And Live Chat

Cons:

• Does Not Provide Educational Resources Or Materials For Beginner Traders
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• Limited Information On Deposit And Withdrawal Options And Handling Fees
• The Website Is Not Very User-friendly And May Be Difficult To Navigate For Some Users.

What Type Of Broker Is Ridder Trader?

Ridder Trader Is A Market-making Broker, Which Means It Acts As A Counterparty To Its Clients In Trading Operations. That Said, Ridder Trader Does Not Directly Connect To The Market, But Acts As An Intermediary And Takes Opposite Positions With Its Clients. As A Result, It Can Offer Faster Order Execution, Tighter Spreads, And Greater Leverage Flexibility. However, This Also Means That Ridder Trader Has A Certain Conflict Of Interest With Their Clients, As Their Profits Come From The Difference Between The Bid And Ask Prices Of An Asset, Which Can Lead Them To Make Decisions That Are Not Necessarily In The Best Interests Of Their Clients. It Is Important For Traders To Understand This Dynamic When Trading With Ridder Trader Or Any Other Market-making Broker.