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Broker ceased to exist

Rinkost Markets


On-line since: 2007
Country of origin: The Seychelles
Regulation: SIBA
Payment options: VISA, MasterCard, Maestro credit cards; payment kiosks: Elecsnet, Gorod Federal System, FSUE Russian post, Free Cash, Promsvyazbank; Yandex.Money, RBK Money, Qiwi Wallet, WebMoney
Minimum account size: $1
Minimum lot size: 0.01 lot
Leverage: 1:500
Spreads: fixed from 2 pips, floating from 0.5 pip

About the company:

Rinkost Markets was launched in 2007. The broker provides online trading services to individuals and legal entities. The company’s target audience is mainly clients from the Russian Federation, the CIS and Baltic states.

Clients can gain access to Forex through MetaTrader 4 and WebTrader trading platforms available for all devices. Novices may find useful the Copy trading service which enables automated copying orders of successful traders and ensures making profit at the expense of professionals without involvement in trading and waste of time. The company runs various contests regularly on its website and provides bonuses. For example, it is possible to open the first live account for free and without any risks.

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
Author of Rinkost Markets: Rustandi | Date 2020-07-13
I don't understand this broker they are very slow to answer me any time when i want to sell or buy. They canceled all profits that I got. Don't know why they do that. The profit I have earned is around $900. You will lose your bonus when your trading capital depleted. It is better to find another broker.
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Author of Rinkost Markets: Gerrald | Date 2020-04-08
This is the second time I am facing big issue on price. When I replied back to the email, no one has contacted me yet, I think they stopped calling their customer anymore. I cant get back money after i funded, I wanted to change the platform because the one they use is not good enough for me. Then they complain about same address is not right that why they cant transfer back the money . I wondering what my address have to do with that. They are just scammers, refused to give me my money.
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Author of Rinkost Markets: Sergio | Date 2020-01-03
I wonder how many employees wrote all these positive posts below, this broker platform should be out of business, I opened my trading account with Rinkost Markets 4 months ago, so after reading the website advise about scam of these predators, I decided to close my account with balance of $3000, and my total of money wasn't refunded, these thieves are taking 75% of my account of $5000 beware of this broker do not be caught in their trap.
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Author of Rinkost Markets: Jesani | Date 2019-09-30
I wonder how many employees wrote all these positive posts below, this broker platform should be out of business, I opened my trading account with Rinkost Markets 6 months ago, so after reading the website advise about scam of these predators, I decided to close my account with balance of $2500, and my total of money wasn't refunded, these thieves are taking 85% , beware of Rinkost Markets do not be caught in their trap
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Author of Rinkost Markets: JessonFx | Date 2019-08-25
My EA has been failed with Rinkost Market on their MetaTrader four trading terminal. As they have increased spread in the new realize time, Also my order didn't execute on my TP or SL, the platform always going the opposite directions. So I can't trade manually too. So I feel Rinkost Market broker has the worst platform and service. While they are blacklisted on KROUFR. So I just leave themselves.
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Author of Rinkost Markets: Lavinia | Date 2018-10-19
Today marks my first year of trading with Rinkost Markets and I decided to write a review on this exact day. I want to share with you firstly, the withdrawal process. I'm sure this is what traders look for when finding a broker. And I'm telling you, you won't encounter any problem when you want to withdraw your funds. It is processed within 1-2 days with the exact amount you withdrew. No hidden charges. so far, I've withdrawn around $400. But the downside is that their platform is not really the best. There are times when it gets very laggy and crashes. In my case, it happens when I'm about to close a trade so I end up not closing it and when I reenter, the price has already changed. What I do when this happens is I wait until the price moves back to the direction I want. Although there are times of course where I have no choice but to close it at a losing position. But this issue does not always occur. Just occasionally. I'm still fine with it as long as I still earn and their speedy withdrawal compensates for the platform issue.
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Author of Rinkost Markets: fxwojin | Date 2018-08-14
Since I trade in Rinkost Markets almost 2 month I didn't earn any profit from them. Even though when I register my real account all the process run fast, there are many bad comment about this broker and most of them said that this broker is very unreliable broker with so many errors on their platform high spreads and commission are not affordable. I asked about the rules and trading conditions, but they don't give me an answer me anymore. I hope everything getting better as soon as possible and I get my profit, before I close my trading account or find another broker.
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Author of Rinkost Markets: Fimi | Date 2018-02-20
I have used rinkost market as my broker, yes, they are scam, avoid them! Initially, I thought they were good as you can withdraw money very quickly. Over the time I deposited$100 and built my balance to $350 profits. Now they showed me their real face. They shut down one of their servers and made the me lose my money, including profits I have made earlier. I mailed them, but they didn't bother to answer any of my e-mails. When I went to live chat, they told me to contact with dealer1 & gave me lame excuses. You can't call them because they don't have any phone no.
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Author of Rinkost Markets: Jishumen | Date 2017-11-30
I want to point out the fraudulent activity of RinkostMarkets broker. Last month I had an open trade on EUR/USD and USD/JPY pair on NFP news but suddenly there was a 72pips spike on EUR/USD pair on my platform that took out my stop. Beside this USD/JPY pair closed at the spike price about 57 pips lower than my stop. I did live chat with them they refused to adjust my account. Why they did like that? They stolen huge money from their clients making false spike.
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Author of Rinkost Markets: pipkanna | Date 2017-11-30
3 weeks ago I made my first trading in Rinkost Markets because their minimum account size only $1 and in my first trading process all the thing until the withdrawal went smoothly and fast. After withdraw my first profit, I want to make a deposit again because the broker promising with a minimum account size of $1, the client will get the ease trading and satisfactory results. But when I make deposit of $50 the trading process is often error and then stopped in the middle and then my account automatically logout. I contacted the operator, but they did not give a definitive answer, and their service was unfriendly . I think to stop trading here because until now there are no conclusion from them for my problem.
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