Red Horizon Trading (redhorizontrading.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: redhorizontrading.com.
What really bothers me about Red Horizon Trading (redhorizontrading.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a financial advisor and I fell for the polished exterior. Never again.
Pros: Good mobile app|Multi-currency support|Quick verification|Clean UI
Cons: Alert system is basic
I signed up with Red Horizon Trading (redhorizontrading.com) while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Market news feed|Reliable uptime
Cons: Limited ETF selection|Wish they had more educational resources
KYC with Red Horizon Trading (redhorizontrading.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: Transparent fees|Detailed reporting|Demo account available
Cons: No crypto staking|Live chat only during business hours
My withdrawal from Red Horizon Trading (redhorizontrading.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. since early this year of being strung along.
Pros: No hidden fees|High security standards|Demo account available
Cons: No dark mode on mobile|Limited demo account features
The onboarding at Red Horizon Trading (redhorizontrading.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Social trading features|Fast execution|Market news feed
Cons: Email notifications too frequent|Spreads widen during volatile periods
Do not use Red Horizon Trading (redhorizontrading.com) for anything serious. I used them for a few weeks now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Fast execution|Quick verification
Cons: Inactivity fee applies after 12 months
I have been trying to close my account with Red Horizon Trading (redhorizontrading.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Instant funding|Professional team|Comprehensive tools|Automated trading options
Cons: Minimum deposit could be lower|None so far
I found Red Horizon Trading (redhorizontrading.com) through my accountant's suggestion and the initial impression was positive. But for the past six months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Regular platform improvements|Great customer service
Cons: Wish they had more educational resources
Red Horizon Trading (redhorizontrading.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Multiple order types|Full transparency|Good analytical tools
Cons: Currency conversion fee exists|Could offer more webinars
Red Horizon Trading (redhorizontrading.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Good mobile app|Portfolio tracking tools|Personal attention
Cons: Inactivity fee applies after 12 months|None so far