RENKO

WikiFX assessment indicates significant concerns regarding RENKO's safety and reliability. The entity holds a low core score of 1.06. Crucially, Renko.Forex Ltd operates without any valid, recognized retail forex trading license from major global regulators like the UK's FCA. Its sole Securities Trading License from Mauritius is listed as 'Unverified' and may not cover its advertised forex activities. This regulatory profile suggests a high-risk entity that lacks credible financial oversight and client protection mechanisms typically found with regulated brokers.

According to its WikiFX profile, RENKO is not regulated for retail forex trading by any major tier-1 financial authority. Its corporate entity, Renko.Forex Ltd, is based in the United Kingdom but is not authorized by the UK's Financial Conduct Authority (FCA). The broker lists one license: a Securities Trading License (GB23202431) from the Financial Services Commission (FSC) of Mauritius, which is flagged as 'Unverified'. This license type may not authorize the forex and CFD trading services RENKO offers to international retail clients.

RENKO offers a range of minimum deposits across its various account types. The most accessible account, the 'Classic' account, requires a minimum deposit of $100. Other accounts have significantly higher entry requirements: the 'Pro' account starts at $1,000, the 'VIP' at $10,000, the 'GOLD' at $50,000, the 'PLATINUM' at $100,000, and the top-tier 'DIAMOND' account requires a deposit of $250,000 to open.

WikiFX data does not specify the trading platforms supported by RENKO. The provided trading conditions list account features like support for Expert Advisors (EAs), scalping, and hedging, which are commonly associated with the MetaTrader suite. However, without explicit confirmation from the broker's official channels, prospective clients should verify the exact platform offering directly with RENKO before committing funds.