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Broker Reviews

Rico

Trust Score:

5.00

(1 Reviews)
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About Rico

Rico offers online trading services through its platform as a multi-asset broker. Third-party review sources indicate that the company provides access to global markets but lacks transparency in some operational areas, particularly around licensing and withdrawal handling. Its online materials describe a managed trading service and account management features, primarily oriented toward forex and CFDs.

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Regulation & Security

Rico does not list oversight by any recognized regulatory authority. There is no evidence of licensing from major financial jurisdictions, and no details are provided on client fund segregation, compensation schemes, or independent audits. Traders should treat the broker as unregulated unless otherwise verified.

Account and Setup

Account setup information is minimal, though users report a simple onboarding process. Account options are not detailed by type or leverage tier. No demo account or specific account verification requirements are described on public materials, suggesting a straightforward but limited registration flow.

Funding Options

Available sources do not specify accepted payment channels or supported currencies. No deposit or withdrawal fees, processing times, or transaction limits are disclosed. Users are advised to confirm funding procedures and terms directly with the broker before depositing funds.

Bot & API Compatibility

Rico operates on the MetaTrader 5 platform, which supports automated trading through Expert Advisors (EAs). The platform allows users to run custom strategies, backtests, and use copy-trading features typical of MT5. No proprietary API or alternative trading interfaces are described.

Trading Conditions& Restrictions

Trading parameters such as leverage, spreads, and execution models are not comprehensively published. Some listings note leverage up to 1:500, but official documentation is lacking. There is no mention of restrictions on hedging, scalping, or algorithmic trading, and full details are expected to be available from the broker directly.

Regulation & Security

Rico does not list oversight by any recognized regulatory authority. There is no evidence of licensing from major financial jurisdictions, and no details are provided on client fund segregation, compensation schemes, or independent audits. Traders should treat the broker as unregulated unless otherwise verified.

Account and Setup

Account setup information is minimal, though users report a simple onboarding process. Account options are not detailed by type or leverage tier. No demo account or specific account verification requirements are described on public materials, suggesting a straightforward but limited registration flow.

Funding Options

Available sources do not specify accepted payment channels or supported currencies. No deposit or withdrawal fees, processing times, or transaction limits are disclosed. Users are advised to confirm funding procedures and terms directly with the broker before depositing funds.

Bot & API Compatibility

Rico operates on the MetaTrader 5 platform, which supports automated trading through Expert Advisors (EAs). The platform allows users to run custom strategies, backtests, and use copy-trading features typical of MT5. No proprietary API or alternative trading interfaces are described.

Trading Conditions& Restrictions

Trading parameters such as leverage, spreads, and execution models are not comprehensively published. Some listings note leverage up to 1:500, but official documentation is lacking. There is no mention of restrictions on hedging, scalping, or algorithmic trading, and full details are expected to be available from the broker directly.

Rico Reviews

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Rico Reviews

( 1 )
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