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Yousef47
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What are the disadvantages of trading with RUIDA FUTURES?

Broker Issues
RUIDA FUTURES
Regulation
05-06
United States
WikiFX
Reply

While RUIDA FUTURES is a regulated and reliable broker, there are some drawbacks to consider. One of the main disadvantages is the higher margin requirement, which is 5% above the exchange base. This can be a significant obstacle for traders with smaller accounts or those who prefer lower initial capital requirements. The higher margin requirement means that traders must put up more capital to open positions, which could limit their trading flexibility and the number of positions they can take. Another disadvantage is the complexity of some of RUIDA’s trading platforms. Platforms like Jinshida and Polestar V9.3, while robust, can be difficult for beginners to navigate. These platforms are more suited for experienced traders and can be overwhelming for those who are new to futures trading or have limited experience with advanced trading systems. Additionally, RUIDA does not offer a demo account, which means that beginner traders cannot practice their trading strategies or get familiar with the platform before committing real money. This lack of a demo account can be a barrier for those who wish to learn how to trade in a risk-free environment. Lastly, RUIDA’s fee structure, while generally in line with industry standards, can be complex for traders who are not familiar with futures trading costs. Intraday surcharges, margin premiums, and other transaction fees can quickly add up, impacting profitability.

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