The company RicomTrust has been operating in the market since 1994, has a license from the Central Bank of Russia, and is a member of the National Association of Stock Market Participants. The company has over 1600 clients, branches in 15 regions of Russia, and a team of four candidates of science. RicomTrust provides access to the Russian and American financial markets through the St. Petersburg Stock Exchange. The company offers trading in trading pairs, bonds, and precious metals. For online trading, the specialized platform Ricom Web Trader is available, and for using the RTClient terminal, downloading to a PC is required.
To contact customer support, you can use the phone numbers listed on the website, send a request via email, or get an online consultation from an expert by filling out the corresponding form on the website.
RicomTrust Tariff Plans
The company offers two tariff plan options:
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Moscow Exchange Option: stock market and eurobonds – from 0.015% to 0.055% of the ruble, currency and precious metals market – from 0.005% to 0.035%, futures market – 0.75% of the exchange fee. Brokerage commission is charged provided at least one transaction is conducted per month.
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St. Petersburg Exchange Option: securities market – from 0.015% to 0.055%, broker commission depends on the number of transactions concluded per month.
Three ready-made investment solutions are also available for individuals: “Active Trader,” “Energy,” and “Improved Moscow Exchange Index.”
RicomTrust also offers tariffs for partnership trading with an analyst and a personal broker on the Moscow and St. Petersburg stock exchanges. The commission amount depends on the selected tariff plan. Traders are eligible for commission-based compensation based on the client’s average daily asset value.
The company charges a commission for executing transactions on over-the-counter markets, margin loans, position transfers, executing currency contracts, and for custody services.
Account Funding and Withdrawal from RicomTrust
RicomTrust accepts standard Visa and MasterCard payment cards. The account can be funded at the company’s office or via the “MIR” bank card.
To withdraw funds, a profit withdrawal request must be submitted through the personal account. The company charges a commission for withdrawals in Russian currency (0.8% of the amount) and for withdrawals in foreign currency (2100 rubles per transaction).
Withdrawal of funds is only possible after identity confirmation. When registering an account, a copy of the passport or driver’s license, TIN, and SNILS must be provided. Registration is available for Russian citizens through the company’s branches and website.
Conclusions
RicomTrust provides the opportunity to develop and apply individual trading strategies through the TSLab laboratory. A special program is available for experienced traders to install on a PC. Before starting cooperation with RicomTrust, it is recommended to carefully study the information on the company’s official website and read trader reviews. It is also recommended to consult with a financial expert to maintain financial stability.
I have some concerns regarding the reliability of RikomTrast as a broker. Over the past few months, there have been quite a lot of negative reviews about their services online. Clients are complaining about hidden charges, complex terms and conditions, and unprofessional conduct. Their response time to queries has also been pointed out as an area of concern. In addition, they seem to lack transparency in their dealings, which is quite unsettling for a brokerage firm. All these aspects cast doubt on their ability to deliver a reliable and effective service. I would advise conducting thorough research and due diligence before engaging with RikomTrast.