Ramadan FX (ramadanfx.com) has been flagged by ASIC (Australia) for "Unlicensed". Financial Conduct Authority warning https://www.fca.org.uk/news/warnings/ramadanfxcom-uk-radiant-global-forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.ramadanfx.com.
The reporting at Ramadan FX (ramadanfx.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Intuitive for beginners|Comprehensive tools
Cons: Live chat only during business hours|No live chat on mobile
KYC with Ramadan FX (ramadanfx.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Full transparency|Quick verification
Cons: Email notifications too frequent|No phone support on weekends
I requested my data from Ramadan FX (ramadanfx.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Economic calendar|Educational resources|Market news feed|Risk management tools
Cons: Account statements could be more detailed|Help articles are sometimes vague
Ramadan FX (ramadanfx.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Risk management tools|Smooth onboarding
Cons: Cannot customize dashboard fully|Research section could be deeper
I am in a dispute with Ramadan FX (ramadanfx.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Excellent charting|Quick verification|Fast execution|Real-time alerts
Cons: Slow to add new assets
After using Ramadan FX (ramadanfx.com) for the past six months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Quick verification|Instant funding
Cons: Email notifications too frequent|Research section could be deeper
My withdrawal from Ramadan FX (ramadanfx.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about three months of being strung along.
Pros: Dividend tracking|Market news feed
Cons: Website design could be more modern
I referred a friend to Ramadan FX (ramadanfx.com) based on a colleague's recommendation. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Customizable dashboard|API access
Cons: Inactivity fee applies after 12 months