RICOM-TRUST

RICOM-TRUST is a Russian investment company that primarily provides brokerage services for trading securities on domestic and foreign exchanges. The firm was founded in 2020 according to official records, though its website suggests it has been active since 1998. It is based in Moscow, Russia, and operates a Russian-language website catering mainly to local investors.

The broker describes itself as an 'investment company' offering traditional brokerage, investment consulting, and related financial services. Its core offering is self-directed trading in stocks, bonds, and other exchange-traded instruments, with additional services like margin lending and primary market placements.

FXCanary's records indicate that RICOM-TRUST is not regulated by any financial authority. The broker's website does not display a license number or regulatory body, and it does not appear on the registers of known regulators such as the Central Bank of Russia or any major international watchdog.

This lack of regulatory oversight means that client funds are not protected by a compensation scheme, and there is no independent supervision of the broker's operations. Traders should consider this a significant risk, particularly those outside Russia who may have limited recourse in case of disputes.

The broker states it provides a range of services: brokerage for self-directed trading, over-the-counter (OTC) transactions via a 'фондовый магазин' (stock store), primary placements of exchange and commercial bonds, and investment consulting. It also offers a demo account for practice and a fixed-income service for regular payouts.

Margin trading is available, allowing clients to borrow funds to trade larger positions. The broker's website contains a page dedicated to margin trading, explaining the mechanics and risks involved. However, there is no mention of retail forex or CFD trading, which suggests the broker focuses on traditional securities.

Clients can use the broker's proprietary platforms: rtTrader (a downloadable application) and Ricom Web Trader (a web-based platform). These platforms likely provide real-time quotes, charts, and order execution for Russian and international markets.

The instruments available include Russian and foreign stocks, bonds (corporate, municipal, and government), and possibly ETFs. The broker's tariff page indicates commission-based pricing for trades, but specific spreads or fees are not detailed in the provided snippets.

The broker offers at least a standard brokerage account for self-directed trading. There is also a demo account for practice. Fee details are outlined on the tariff page, but the exact structure (e.g., commission per trade, custody fees) is not clear from the available information.

The broker mentions a 'fixed income' service that provides scheduled payouts, possibly a managed product. All services are aimed at Russian-speaking clients, and the website is entirely in Russian.

RICOM-TRUST is clearly targeting residents of Russia who wish to trade securities on local and global markets. Its services are designed for both beginners (demo account, consulting) and experienced traders (margin trading, primary placements).

There is no indication that the broker accepts international clients or offers multilingual support. The phone number provided (8 800 200-53-07) is a Russian toll-free number, further reinforcing its local focus.

The most prominent risk is the lack of regulation, which leaves clients without external protection. Additionally, the broker's relatively recent incorporation (2020) and limited online presence beyond its own website raise questions about its track record and stability.

Traders should be cautious with funds deposited, especially as margins can amplify losses. Without a regulatory safety net, any issues with withdrawals or disputes may be difficult to resolve.