Our RCPro Review
RCPro is a trading platform based in Estonia. It was established in 2010. The platformโs vision is to create a new generation of professional traders using comprehensive education and training. The platform and trading environment is of high quality. Additionally, the support team is quite dependable.
RCPro Account Types
The platform supports four account types. These are the Silver, Classic, Gold, and Islamic accounts.
The Classic account is designed for novice traders. The minimum deposit amount is set at $500 and it runs on the MT platform. It has a margin call level set at 150% and a maximum trade size of 50 lots. Traders also get access to an account manager who has a degree in economics, access to a wide array of learning materials, and a free tutorial that consists of three lessons.
The silver account comes with a minimum deposit requirement of $2500. It has a margin call level of 150% and the maximum trade size is set at 50 lots. Traders get access to all features offered with the Classic account plus a free tutorial that contains 5 lessons.
The gold account comes with a minimum deposit requirement of $10,000. Traders can only trade the FX, metals, indices, and commodities assets classes. Its margin call level is 150% and the maximum trade size is set at 50 lots. It features advanced trading materials to help traders learn advanced trading strategies, a free tutorial that consists of 7 lessons, a daily review by a market analyst, and daily recommendations from your account manager.
Traders also get access to the Islamic account, which is swap-free.
Platforms
RCPro gives traders access to the MT4 platform as the only trading platform. MT4 is one of the most widely used trading platforms in the world. Since its release in 2005, it has proven popular and millions of traders now use it globally. Traders get access to multiple timeframes, interactive charts, trade copying, and more. It is accessible as a downloadable desktop app or as an app via iOS and Android devices. It is also accessible via modern browsers as WebTrader.
Leverage
Leverage varies depending on the instruments being traded. For instance, Forex majors and crosses come with a leverage of 1:200 while European shares have leverage of up to 1:20.
Fees
There are no commissions on traders. All accounts except the Islamic accounts are charged a swap fee.
Supported Assets
Assets offered on the platform cover various asset classes. They include Forex crosses, forex majors, USA Shares, Metals, commodities, energy futures, and Europe Shares.
Deposits and Withdrawals
RCPro has set the minimum deposit amount at $500 for the Classic account. For the silver and gold accounts, the minimum deposit amount is $2500 and $10000 respectively. The platform supports numerous deposit and withdrawal methods that include credit and debit cards for Mastercard and Visa, bank wire transfers, and e-wallets. There is no fee for withdrawals and deposits charged by RCPro.
It takes up to 24 hours to process a withdrawal request. When making a withdrawal, you might be asked for additional information. When using e-wallets, you can receive the funds within 30 minutes. Other methods, such as the bank wire transfer, can take up to 7 days.
Bonus and Promotions
The only bonus offered is a cashback program. You will receive up to $10 per lot traded as cashback each time you make a trade. The cashback payment is in cash and the funds can be withdrawn without restrictions.
Education and Training
The education section is focused on offering trading strategies. However, the educational materials on the site are very basic and lacking in detail.
Customer Service
The customer support team can be contacted using a standard online form. Replies are sent via email.
Summary
RCpro is a broker that offers a competitive trading environment to traders. There is an ample selection of trading instruments and the promotional cashback program looks great.