RTC Finance offers several types of accounts targeting various types of customers and their trading needs. We feel the accounts were set primarily for the really experienced traders with big bucks to invest since the basic account ends in $10,000 range, meaning more needs to be deposited in order to attain better perks offered by the broker. The broker does not mention maximum spreads nor does offer a functioning demo at this point that we can see for ourselves how the spreads behave.
RTC Finance Introduction Account
- Minimum $200 deposit
- Max 1:50 leverage
- 1 academy lesson
- “Variable spreads”
- Webinars access
RTC Finance Bronze Account
- Minimum $10,000 deposit
- 1:100 leverage
- 3x lessons from the academy
RTC Finance Silver Account
- from $25,000 deposit
- 1:150 leverage
- 50% bonus
- 8x lessons from the academy section
- pro account manager
RTC Finance Gold Account
- from $50,000 deposit
- 1:200 leverage
- daily trades
- 100% bonus
- 10x academy lessons
- pro account manager
RTC Finance Platinum Account
- from $100,000 deposit
- 1:400 leverage
- 100% bonus
- no commissions with fixed spreads
- pro account manager
- daily trades
Overall the account setup is pretty weird, but in many cases, we feel bang for buck, keeping all other things to consider constant is not so good when compared with other brokers in the industry. The low leverage may be good for beginners, but someone depositing $9000 is hardly to be a beginner we hope – there are ways for brokers to weed out newbies and restrict leverage, like other brokers do. We have no idea what are daily trades – probably signals, we will update our RTC Finance review when we get the answer.
The broker also offers bonuses, but understand there are terms and conditions that apply. A number of lots must be traded in order to be able to withdraw the bonus. The benefits are not very symmetrical since in case one wants to withdraw before the bonus requirement is reached, all losses will be deducted from the trader’s deposited funds, while all profits will not count and will disappear along with the bonus when the “premature” withdrawal is requested. This was one of the reasons why CySEC banned bonuses, but not the only one.
