Wikilix
Contract reading

What Rynat legally published, but does not want you to read

Every clause below is published by Rynat itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Rynat Trading Ltd

sole discretiondispute barrierconflict of interesthidden feewithdrawalscontradictiondeemed acceptancekyc freezemissing documentprice discretion

Rynat Trading Ltd holds a real CySEC licence. Its contract still keeps almost every decision that costs you money in the firm's own hands. It can reverse any trade for any reason, and it decides the market price itself. Its websites promise segregated funds and negative balance protection, while its own documents say otherwise.

Back to Rynat

Contract risk

Money at risk
7.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
11
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
29
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
29
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
8

How the 29 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical11
Warning15
Notice3

section 103 of 116is where the deepest clause sits, 89% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 4 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$100Fee on an unused account. Jump to the clause this comes from.A year of stillness costs 100 units of your account currency$100Withdrawal limit. Jump to the clause this comes from.Above 100 dollars your money must leave by bank wire10 working daysTime to complain. Jump to the clause this comes from.Ten business days to object, then the trade is settled3 working daysAccount limit. Jump to the clause this comes from.Your costs change on three business days of website notice

What the documents say

29 clauses worth knowing about, worst first, each quoted from Rynat's own files

01

When you open a position, Rynat can move ownership of your margin from your account to itself. Its own wording then treats that money as a debt the firm owes you, and no longer as your client money.

Why this matters

Client money is protected because it stays yours and sits apart from the firm's own funds. Once ownership moves, you are an ordinary creditor of Rynat for that amount if the firm ever fails.

Exhibit 1CriticalRarely seen

It is agree that when opening a position, we have the right to transfer ownership of the amount equivalent to the Margin Requirement from your Account to us, which we will keep as a security in the event of a repayment obligation by you. Any Required Margin transferred shall be considered as our debt due to you and not as Client Money, therefore it will be returned to you on completion of your trade(s), subject to any repayment obligation by you.
Clause 18.12 in Client Agreement, p.25
Downloaded from the broker's site on Open the reference
Set against a regulated standard: CySEC (Cyprus), ESMA (EU)

Firms supervised by CySEC under the European MiFID II rules must not take ownership of a retail client's money as security for that client's own obligations. Rynat's clause says it may transfer ownership of your margin to itself, and that what it holds is then its debt to you rather than client money.

Rynat is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

02

The prices on your screen are described as indicative only, and Rynat's Terms of Business say the firm specifies the current market price at its sole discretion. Rynat is also the only party you can open or close a trade with.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

Your profit and loss is measured against a price your counterparty chooses. You cannot move the trade elsewhere, and you cannot close it anywhere else.

Exhibit 2CriticalHarder than usual

The Company at its sole discretion will specify the current market price.
Clause 4.1.2 in Terms Of Business, p.3
Read from the broker's site on Open the reference

Where it sits: section 8 of 43 in the Terms Of Business, near the start.

03

Rynat's agreement says your complaint will be handled under its Complaints Handling Policy, and that you will find that policy in the legal documents section of its website. The link carrying that name serves the Client Categorisation Policy instead.

Why this matters

You cannot see how long Rynat has to answer you, who decides, or what happens if you disagree with the answer. The firm sets the pace of its own complaint process and publishes none of it.

Exhibit 3CriticalRarely seen

If the Client wishes to report a complaint, he must send an email to the Company with the completed "Complaints Form" found on the Website. The Company will try to resolve it without undue delay and according to the Company's Complaints Handling Policy for Clients, which can be found on the Company's Website – Legal Documents section.
Clause 32.1 in Client Agreement, p.41
Downloaded from the broker's site on Open the reference
Our own capture of rynattrading.com, taken on Oct 14, 2026The claim, on Link in the Customer Disclosures list; it serves the Client Categorisation Policy fileVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: CySEC (Cyprus)

Firms supervised by CySEC must run a complaints handling procedure and must tell a client how and when a complaint will be answered. Rynat names a Complaints Handling Policy as the document that governs this, and the link to it serves the Client Categorisation Policy.

Rynat is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

04

Rynat advertises negative balance protection, which means your losses stop at the money you put in. Its Risk Disclosures say that after a violent price move you may be called on to pay losses that go past your balance.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

Two current Rynat documents give opposite answers to the question that fixes your worst case. If the harsher one is applied to you, a bad hour leaves you owing the firm money.

Exhibit 4CriticalHarder than usual

For example, in case whereby due to extreme volatility of the underlying instrument the Client has sustained losses that exceed his balance with the Company (i.e. he has generated a negative balance with the Company), the Client may be then called to pay an amount equal to these losses.
Clause 23.1 in Risk Disclosures, p.13
Read from the broker's site on Open the reference

Buried at section 103 of 116 in the Risk Disclosures, 89% of the way through.

Set against a regulated standard: CySEC (Cyprus), ESMA (EU)

Firms supervised by CySEC must give retail clients negative balance protection on a trading account, so a retail client cannot be asked for more than the money in it. Rynat promises this on its website and in its Terms of Business. Its Risk Disclosures still says a client may be called to pay losses that exceed the balance.

Rynat is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

05

Rynat's website lists the places it will not serve, and Turkey and Australia are not among them. The Client Agreement makes you promise that you are not from either country, nor from any country on the FATF blacklist.

Why this matters

If you live in Turkey or Australia, that promise is untrue the moment you accept it. A broken promise in that clause counts as an event of default, and Rynat can then close your account and cancel your profits.

Exhibit 5CriticalHarder than usual

The Client is not from the Australia, USA, Canada and Turkey and FATF blacklisted countries as the Company does not accept Clients from these countries and from any other countries where special legal conditions or limitations exists.
Clause 31.1 in Client Agreement, p.41
Downloaded from the broker's site on Open the reference
06

Rynat reserves the right to reverse any transaction it decides goes against your interest or its own, and the clause ends with the words for any reason. Your own orders are final once placed, unless Rynat agrees to cancel them.

Why this matters

A trade you closed in profit can be undone, and the clause sets no test you could argue against. The same contract makes your instructions binding on you.

Exhibit 6CriticalRarely seen

We reserve the right to reverse any transactions which we deem to be contrary to your interest or ours, for any reason.
Clause 15.10 in Client Agreement, p.18
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 2Rynat chooses the price your trade settles at, and can then undo the trade for any reason it likes.

Rynat can refuse a withdrawal and says it may not explain why

Clause 19.17 of the Rynat Client Agreement lets the firm decline a withdrawal, reverse the transaction net of its own costs, and says it may be unable to tell you why. Anything above $100 of your net deposits has to leave by bank wire, with the wire charges on you. Clause 19.23 adds set off against liabilities that are future and unquantified.

Getting paid3 clauses flagged

Rynat can decline a withdrawal where it believes the request might breach a legal or regulatory duty, and reverse the transaction after deducting its own costs. The same clause says there may be times when it cannot tell you why.

Why this matters

You are left with a refusal and no reason to answer. Rynat does commit elsewhere to processing a clean withdrawal request within a single business day, so a delay here comes from the discretion rather than the plumbing.

Exhibit 9CriticalHarder than usual

Further, we reserve the right to decline any funding and/or withdrawal request where we believe that such request may lead to a breach of any legal and/or regulatory obligation. This includes instances where we are not satisfied with the documentation provided by you.
Clause 19.17 in Client Agreement, p.25
Downloaded from the broker's site on Open the reference

Rynat reserves a right of set off against any liability of yours, present or future, settled in amount or not. It also holds a general lien over every penny it or its associates hold for you.

Why this matters

Money can be held back against something that has not happened and has no figure attached. When the account closes, Rynat decides at its absolute discretion how much to keep against future liabilities before paying you the rest.

Exhibit 10CriticalRarely seen

We reserve the right to set-off any liability of yours under the Agreement, whether present or future, liquidated or unliquidated.
Clause 19.23 in Client Agreement, p.25
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 1Rynat can own the margin outright and hold a lien over the rest, so little of the account is plainly yours while a trade is open.

Rynat returns withdrawals by the route the money arrived on. Anything above $100 of your total net deposits has to go out as a bank wire, to an account in your own name.

Why this matters

Bank wires are the slowest and most expensive way to move money, and the agreement puts every third party charge on you. The card or wallet you funded with cannot be used for the bulk of your balance.

Exhibit 13WarningHarder than usual$100

Any amount above 100USD or equivalent from the Total Net deposits made, must be withdrawn using the bank wire method to a Bank account in the same name as the Client.
Quoted in Withdrawal Policy
Downloaded from the broker's site on Open the reference

Rynat can reverse any transaction for any reason

Clause 15.10 of the Rynat Client Agreement reserves the right to reverse any transaction the firm deems contrary to your interest or its own, for any reason, while clause 11.14 makes your own orders final. Where Rynat suspects abusive trading, clause 16.2 cancels the profits and states that the losses cannot be reversed. The term that triggers it is defined in an appendix.

Unwinding a trade1 clause flagged

Where Rynat suspects what it calls abusive trading, it can cancel or reverse your profits. The same clause says losses from that trading cannot be reversed.

Why this matters

The test is Rynat's own suspicion, and the outcome runs one way only. You keep the losing side of the trades and the firm takes back the winning side.

Exhibit 7CriticalHarder than usual

Cancel or reverse any profits or trading benefits through Abusive Trading. Losses resulting from Abusive Trading of the Client cannot be reversed.
Clause 16.2 in Client Agreement, p.20
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 6One clause reverses trades for any reason at all, the other keeps your losses while cancelling your gains.

Rynat can move the margin, the leverage and your costs while a trade is open

Three Rynat documents give three answers on how much warning you get before margin changes on a position you already hold: three business days, immediate with no notice, and immediate on notification. Clause 29 treats extreme volatility as force majeure, and then lets Rynat close your positions at prices it considers appropriate. Costs change on three business days of website notice, deemed received an hour after posting.

Changing the rules5 clauses flagged

Rynat's list of force majeure events includes extreme volatility in the market you are trading. Once the firm decides such an event exists, it can close any or all of your open positions at prices it considers appropriate.

Why this matters

Volatility is the ordinary weather of a leveraged market, not a disaster outside anyone's control. The clause lets Rynat shut your positions at its own chosen price exactly when prices move fastest.

Exhibit 11CriticalHarder than usual

There is extreme volatility in the Underlying Asset / Market.
Clause 29.1 in Client Agreement, p.36
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 2The firm that specifies the market price also picks the price your positions are closed at during volatility.

Rynat can review its costs and fees and put the change on its website, giving at least 3 business days of notice. A notice posted there counts as received by you an hour later, and staying on is taken as accepting it.

Why this matters

Keeping your old pricing means reading the website every few days, because nothing has to arrive in your inbox. Swap rates and bid and ask prices can change with no notice at all.

Exhibit 18WarningHarder than usual3 working days

Such changes shall be effected on the Website and the Client is responsible to check for updates regularly. In the absence of a Force Majeure event, the Company shall be providing the Client with notice on its Website of at least three (3) Business Days.
Clause 27.4 in Client Agreement, p.33
Downloaded from the broker's site on Open the reference

Rynat can raise margin and change leverage on positions you already hold. Its Terms of Business say it can do that immediately with no prior notice, then say it comes with prior notice taking immediate effect, while the Client Agreement promises at least three business days.

Why this matters

A margin increase on an open trade can push you into a forced close out the same day. You cannot tell from these documents how much warning you are owed, because they disagree.

Exhibit 19WarningHarder than usual

The Company has the right to change the leverage provided or applicable towards a trading account in accordance with margin requirements and may implement the aforementioned with immediate effect and without the need of providing prior notice.
Clause 11.2 in Terms Of Business, p.7
Read from the broker's site on Open the reference

Where it sits: section 15 of 43 in the Terms Of Business, 35% of the way through.

The clause that tells you what happens if you break Rynat's trading rules sends you to two paragraphs that contain no penalties. The margin clause, the default clause and the assignment clause all point somewhere else as well.

Why this matters

You cannot follow what you are agreeing to, because the trail stops at the wrong paragraph. The clause covering the sale of your account and your money states its notice period as 3 (13) business days.

Exhibit 28WarningRarely seen

Should the Company reasonably suspect that the Client has violated the terms of paragraph 9.1 of this Client Agreement, this shall be deemed as an Event of Default (as per paragraph 15.1) and the Company shall be entitled to take one or more of the counter measures of paragraph 15.2 of this Client Agreement.
Clause 9.2 in Client Agreement, p.12
Downloaded from the broker's site on Open the reference
  • Same clause as Exhibit 22The same clause that can sell your account to a third party is the one giving two different notice periods in a single sentence.

Rynat caps your pending orders by a user level, from 3 orders at L1 up to eighteen at L5 and above. No document in the set says what a user level is or how you move up one.

Why this matters

A basic function of the platform is rationed by a tier you cannot find a definition for. You cannot tell which tier you are in, or what would change it.

Exhibit 20NoticeRarely seen3

The maximum number of pending orders depends on the user level as follows:
Clause 20.2 in Terms Of Business, p.11
Read from the broker's site on Open the reference

Where it sits: section 25 of 43 in the Terms Of Business, 58% of the way through.

A year of no trading costs 100 units of your account currency

Clause 20.2 of the Rynat Client Agreement charges a one off dormant fee of 100 units of your account currency after 12 months with no trade, deposit or withdrawal. Where your balance is smaller than the fee, the firm takes a lower amount instead. Six months after that, clause 20.3 treats the account as closed and lets Rynat move what is left.

Sitting still1 clause flagged

Leave your account alone for twelve months, with no trade, deposit or withdrawal, and Rynat can charge a one off dormant fee of 100 units of your account currency. Where your balance is smaller than that, the firm takes a lower amount instead.

Why this matters

Six months later Rynat treats the account as closed and can move whatever is left into a separate account of its own. The firm does promise to warn you before it marks the account dormant.

Exhibit 8CriticalHarder than usual$100

Accounts in which there is no trading activity, no open positions, no withdrawals or deposits for a period of twelve (12) consecutive months shall be considered by the Company as Dormant. In such cases, the Company reserves the right to charge the Client an one-off Dormant fee of 100 units or less of the trading account currency.
Clause 20.2 in Client Agreement, p.26
Downloaded from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
3 months stillRynat treats the account as inactive.20.1
12 months stillThe account becomes dormant and a one off fee of 100 units of the account currency applies, or a lower amount if the balance is smaller.20.2
6 months dormantRynat treats the account as closed and can deduct the remaining funds into a separate clients account.20.3
After 12 monthsRynat can change the account maintenance fee as it sees fit.20.5

No charge in Rynat's agreement carries a figure

The Rynat Client Agreement names spreads, commissions, swaps, withdrawal fees and third party charges, and states no figure for any of them. Clause 23.1 points you to the website and says charges are deducted from your account instantly. Clause 23.8 lets Rynat impose any fee it deems necessary on a client who deposits and withdraws without trading.

Cost disclosure1 clause flagged

Rynat's Client Agreement names spreads, commissions, swaps, withdrawal fees and third party charges, and gives no figure for any of them. It sends you to the website and says charges come straight out of your account.

Why this matters

You cannot price a trade or a withdrawal from the document you are agreeing to. A separate Costs and Charges file is listed but would not open, so the figures may be there.

Exhibit 12WarningHarder than usual

Prior to entering into any transaction with us via the Software or otherwise, please ensure you have considered any and all applicable charges such as Spread(s), Commissions and Swap(s), which are available on our Website.
Clause 23.1 in Client Agreement, p.27
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must tell a retail client what a trade will cost, in cash terms, before that client trades. Rynat's agreement names each kind of charge and states no amount for any of them.

Rynat is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The complaints policy Rynat's contract relies on is not published

Clause 32.1 of the Rynat Client Agreement sends a complaining client to a Complaints Handling Policy in the legal documents section of its website, and that link serves the Client Categorisation Policy instead. You get 10 business days to object to a trade, after which clause 17.2 treats your silence as approval and the record as conclusive. The phone recording of any verbal order is Rynat's property and settles what was said.

Making a complaint4 clauses flagged

You have 10 business days to tell Rynat a trade confirmation is wrong, counted from when it was sent or should have been sent. Say nothing in that window and the contract treats the content as approved and conclusive.

Why this matters

The clock runs from the firm's sending date, not from the day you notice. Rynat also says it may send you no account statements beyond what appears inside its own platform.

Exhibit 14WarningHarder than usual10 working days

If the Client has a reason to believe that the Confirmation is wrong or if the Client does not receive any Confirmation when he should, the Client shall contact the Company Ten Business Days from the date the Company of the Order was sent or ought to have been sent (in the event that a Conformation was not sent). If the Client expresses no objections during this period, the content is considered as approved by him and shall be deemed conclusive.
Clause 17.2 in Client Agreement, p.20
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 3A short deadline to object matters more when the policy explaining how complaints are handled is not published.

Rynat records phone calls, keeps the recordings as its own property, and you accept them as conclusive evidence of what was said. You can place orders by telephone, in English only.

Why this matters

The only record of a verbal order is owned by the firm you would be arguing with. Nothing in the agreement gives you a right to hear it or to hold a copy.

Exhibit 15WarningHarder than usual

Telephone conversations between the Client and the Company may be recorded and kept by the Company and recordings will be the sole property of the Company. The Client accepts such recordings as conclusive evidence of conversations so recorded.
Clause 26.6 in Client Agreement, p.31
Downloaded from the broker's site on Open the reference
Set against a regulated standard: CySEC (Cyprus), ESMA (EU)

Firms supervised by CySEC under the European MiFID II rules must record client order conversations and give the client a copy on request. Rynat's clause makes the recording its sole property and conclusive evidence of the conversation.

Rynat is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Rynat's total liability to you is capped at what its own professional indemnity insurer would have paid on your claim. Below that cap, the firm answers only for gross negligence or fraud.

In plain words

Indemnities are money it says you owe it.

Why this matters

The ceiling on any payout to you is set by a policy you have never seen and cannot inspect. Ordinary carelessness by Rynat is excluded before the cap is even reached.

Exhibit 16WarningRarely seen

the Client agrees that the Company's maximum aggregate liability to the Client whether in contract, tort (including negligence) or otherwise shall not exceed the higher of the amount that would be recoverable by the Company under the Company's professional indemnity insurance if the Client's claim had been satisfied in full
Clause 30.5 in Client Agreement, p.38
Downloaded from the broker's site on Open the reference

Rynat's Terms of Business say the trading platform runs in English or Chinese. The Client Agreement says anything in another language has no legal effect, does not bind the firm, and comes with no responsibility for whether the translation is correct.

Why this matters

If you traded on the Chinese version and it said something wrong, you agreed in advance that the wording you read counts for nothing. Rynat will also only take a telephone order in English.

Exhibit 17WarningHarder than usual

Translation or information provided in languages other than English is for informational purposes only and do not bind the Company or have any legal effect whatsoever, the Company having no responsibility or liability regarding the correctness of the information therein.
Clause 24.1 in Client Agreement, p.28
Downloaded from the broker's site on Open the reference

Rynat can sell your account, your money and your file on three days of notice

Clause 36.1 of the Rynat Client Agreement lets the firm transfer the whole agreement to a third party on three business days of written notice. Clause 36.2 extends that to your money, your trading history and your identity documents, and states the notice period as 3 (13) business days. You cannot assign anything in return, and Cyprus courts hear any dispute.

Who holds your account1 clause flagged

Rynat can transfer the whole agreement to a third party on 3 business days of written notice. The next clause extends that to your money, your trading history and your identity documents, and gives the notice period as 3 (13) business days.

Why this matters

Your account can change hands to a company you have never heard of, and you cannot assign anything in return. The contract states two different notice periods in the same sentence, so you cannot tell how much warning you get.

Exhibit 22WarningHarder than usual3 working days

The Company may at any time sell, transfer, assign or novate to a third party any or all of its rights, benefits or obligations under this Agreement or the performance of the entire Agreement subject to providing three (3) Business Days prior Written Notice to the Client.
Clause 36.1 in Client Agreement, p.42
Downloaded from the broker's site on Open the reference

You can trade 2,000 euro for 15 days before Rynat finishes checking you

Clause 2.6 of the Rynat Client Agreement lets you trade for 15 days from first contact, up to 2,000 euro, while your account opening is still incomplete. Miss the 14 day document deadline and clause 2.7 lets Rynat end the service on the fifteenth day and close every position. On suspicion alone, clause 2.5 freezes deposits, orders and withdrawals with no liability.

Opening the account2 clauses flagged

Rynat can let you trade for 15 days from first contact while your account opening is incomplete, as long as your deposits stay under 2,000 euro. Miss the document deadline and it can end the service on the fifteenth day and close every position.

Why this matters

Your money is in the market before the firm has finished deciding whether to accept you. On suspicion alone, Rynat can freeze deposits, orders and withdrawals, and says it is not liable for what that costs you.

Exhibit 21WarningHarder than usual15 days

The client can trade for a limited period of 15 days as of the initial contact (the moment that the customer either accepts the Client Agreement or the first deposit, whichever comes first) and when the total amount of deposited funds does not exceed 2,000EUR, irrespective of the number of accounts the customer holds with the Company.
Clause 2.6 in Client Agreement, p.6
Downloaded from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Initial contactThe clock starts when you accept the agreement or make your first deposit, whichever comes first.2.6
Day 14Your account opening documents have to be complete.2.7
Day 15Rynat can end the service, close all positions automatically and start returning what is left.2.7

Rynat's anti money laundering policy ends by saying it is a policy only, is not part of the Client Agreement, and is not meant to place any obligation on the firm. It also says it reserves the right to check who you are.

Why this matters

The document explaining how your money and identity are checked gives you nothing you could hold Rynat to. You should assume what you send is available to authorities in Cyprus, in the country your funds came from and in the country they go back to.

Exhibit 29NoticeHarder than usual

Our Money Laundering Prevention Policy is a policy only, it is not part of our Client Agreement and is not intended to be contractually binding or impose or seek to impose any obligations on us which we would not otherwise have
Quoted in AML Policy
Read from the broker's site on Open the reference

Rynat is the only place your trade can happen, and it decides the price

The Rynat Terms of Business say the Company specifies the current market price at its sole discretion, and that the quotes on your screen are indicative only. The Client Agreement makes Rynat the only execution venue and the only party you can close with, while its own glossary calls the spread the market maker's profit. Rynat's partner page markets a true STP/ECN environment, which means the opposite.

Who sets the price3 clauses flagged

To become a Master Trader whose orders other clients copy automatically, you need 3 closed positions in the last seven working days, $100 of margin used and a profit rate over 30%. Rynat then pays that trader $0.1 for every copier on each released order that executes.

Why this matters

Trades land in your account with no action by you, following someone with a one week record. The payment rewards the number of orders released and copied, not whether those orders made anyone money.

Exhibit 23WarningRarely seen3

Master Traders can provide Release Orders if the following minimum requirements have been met within the last 7 working days (excluding weekends) of assessment by the Company:
Clause 3.1.4 in Social Trading Feature Terms And Conditions, p.3
Read from the broker's site on Open the reference

Where it sits: section 6 of 23 in the Social Trading Feature Terms And Conditions, 26% of the way through.

Rynat's Client Agreement says it does not offer, accept or retain any fee or benefit that could compromise your interests. Its Risk Disclosures lists staff bonuses based on the number of first time clients, and inducements paid or received for referrals and client trading.

Why this matters

The firm's own conflicts list says both of these carry a material risk of damage to clients. Someone who brought you in may be paid on your trading, and the people who signed you up may be paid for the signing.

Exhibit 24WarningHarder than usual

The Company adheres to strict regulatory standards regarding inducements. We do not offer, accept, or retain any fees, commissions, or non-monetary benefits that could compromise our commitment to acting in the best interests of our clients.
Clause 37.1 in Client Agreement, p.42
Downloaded from the broker's site on Open the reference

Where it sits: section 66 of 116 in the Client Agreement, 57% of the way through.

Set against a regulated standard: CySEC (Cyprus)

Firms supervised by CySEC must not pay staff in a way that cuts across the client's interest, and must manage any payment made or received for client business. Rynat's Risk Disclosures lists both as live conflicts, while its Client Agreement says it retains no such benefit.

Rynat is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

If quotes break on the platform, Rynat can synchronise the live server from other sources, and the sources it names are the demo server and any other reliable source. Any dispute about the break is then decided on those synchronised quotes.

Why this matters

The demo server carries no real money and no real trades. If your trade closed badly during a price break, the number used to settle the argument may have come from there.

Exhibit 25WarningRarely seen

In case of an unforeseen break in the Quote on the trading platform caused by software or hardware failure, the Company has the right to synchronise the Quotes on the real/live Server from other sources. Sync sources include:
Clause 10.1 in Terms Of Business, p.6
Read from the broker's site on Open the reference

Where it sits: section 14 of 43 in the Terms Of Business, 33% of the way through.

  • Worse together with Exhibit 2The firm sets the price in normal conditions and supplies the replacement price when its own feed breaks.

Rynat can take ownership of the margin behind your open trade

Clause 18.12 of the Rynat Trading Ltd Client Agreement lets the firm transfer ownership of your margin to itself while a position is open, and says that money is then Rynat's debt to you rather than client money. The RynInvest site Rynat operates tells you client funds sit in segregated accounts, separate from broker funds. Eight product documents the agreement says it must give you are named by filename and published nowhere.

Client money2 clauses flagged

Rynat's agreement names 8 Key Information Documents by filename and says they hold information it must give you under the rules. None of them appears on the disclosures page the agreement points to.

Why this matters

These are the one page summaries that tell you a product's costs and its worst case before you trade it. The Risk Disclosure Statement link inside Rynat's own risk warning leads nowhere, the 2025 capital disclosure link leads nowhere, and the six policy links on its partner page lead nowhere either.

Exhibit 26WarningHarder than usual8

These documents contain important information which we are required as an authorised Cyprus Investment Firm to provide to our prospective Clients under Applicable Regulations.
Clause 1.5 in Client Agreement, p.5
Downloaded from the broker's site on Open the reference
Set against a regulated standard: CySEC (Cyprus)

Firms supervised by CySEC must give a retail client a key information document for a product before that client trades it. Rynat's agreement names eight of them by filename, and none is published on the page it sends you to.

Rynat is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Rynat can place your money with an institution outside Cyprus or the EEA, and can hold it in one account alongside other clients. It keeps any interest the money earns.

Why this matters

In a pooled account, a failure at the bank leaves Rynat with an unsecured claim made on your behalf, and you carry the shortfall. The firm accepts no liability if that institution fails.

Exhibit 27NoticeStandard wording

It is understood that the Company may hold Client money and the money of other clients in the same account (omnibus account).
Clause 18.7 in Client Agreement, p.22
Downloaded from the broker's site on Open the reference
Set against a regulated standard: CySEC (Cyprus)

Firms supervised by CySEC must hold client money apart from their own and must tell clients when it sits outside the EEA or in a pooled account. Rynat discloses both, and says it keeps any interest earned.

Rynat is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

STP and ECN mean orders reach the market, while the contract makes Rynat the counterparty, the only venue and the party that sets the price.

Said in public, in English

At Rynat Trading Limited all of our White Label Partners profit from dealing in a true STP/ECN environment.

White Label page on rynattrading.com

In the contract · clause 11.4

The Client accepts that Company acts as principal and not as agent on the client's behalf for all trades in the instruments provided by the Company and, therefore, is the only execution venue of the clients' orders.

02

The site says your funds stay separate from the broker's, while the contract lets Rynat own your margin and hold it as its own debt to you.

Said in public, in English

Client fund is kept in segregated accounts and separate from broker funds.

Safe and Secure panel on the RynInvest site Rynat operates

In the contract · clause 18.12

Any Required Margin transferred shall be considered as our debt due to you and not as Client Money, therefore it will be returned to you on completion of your trade(s), subject to any repayment obligation by you.

03

The homepage sells protection against losing more than you deposit, and the Risk Disclosures says you may be called on to pay the excess.

Said in public, in English

Negative balance protection

Portfolio bullet list on the Rynat homepage

In the contract · clause 23.1

For example, in case whereby due to extreme volatility of the underlying instrument the Client has sustained losses that exceed his balance with the Company (i.e. he has generated a negative balance with the Company), the Client may be then called to pay an amount equal to these losses.

04

Turkey and Australia are missing from the public list and present in the promise you make when you sign, where breaking it is an event of default.

Said in public, in English

We do not offer our services to residents of certain jurisdictions such as the USA, Cuba, Canada, Democratic People's Republic of Korea, Iran, Iraq and Syria.

Disclaimer section of the Rynat homepage

In the contract · clause 31.1

The Client is not from the Australia, USA, Canada and Turkey and FATF blacklisted countries as the Company does not accept Clients from these countries and from any other countries where special legal conditions or limitations exists.

05

The contract sends you to a Complaints Handling Policy on the website, and the link of that name delivers the Client Categorisation Policy.

Said in public, in English

Complaints Handling Policy

Link in the Customer Disclosures list; it serves the Client Categorisation Policy file

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of rynattrading.com

In the contract · clause 32.1

The Company will try to resolve it without undue delay and according to the Company's Complaints Handling Policy for Clients, which can be found on the Company's Website – Legal Documents section.

06

A sub pip spread is advertised in public while the document that would prove it keeps the maximum spread back until you ask.

Said in public, in English

Tight spreads, lower than 1 pip

Portfolio bullet list on the Rynat homepage

In the contract · clause 9.3

The maximum spread for each instrument, under Normal Market Conditions, is available upon request

07

The partner page offers financial inducements for sending clients, and the Client Agreement says the firm offers no such benefit.

Said in public, in English

An institution with a fantastic trading atmosphere, real expansion for your company and modest financial inducements.

White Label page, offering terms to partners who redirect traffic

In the contract · clause 37.1

We do not offer, accept, or retain any fees, commissions, or non-monetary benefits that could compromise our commitment to acting in the best interests of our clients.

08

The homepage lists three licensed services, none of them advice or portfolio management, while the copy trading terms claim both an advice permission and the provision of investment management services.

Said in public, in English

Rynat is authorized to provide the following services which are also published by CySEC in its official website, as follows:

Investment Services panel, listing reception and transmission of orders, execution of orders on behalf of clients, and dealing on own account

In the contract · clause 2.2

While the Company is permitted under its license to provide investment advice services, we do not provide investment advice, nor provide any personalized investment recommendations

The documents this reading is based on

29 files, all published by Rynat. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Rynat publishes.

How this reading was done

Every clause above was read out of a document Rynat publishes itself

This reading was published on .

Documents
5 of 29downloaded from the broker's site of the 31 we found, and 5 read in full
Pages opened
23pages walked to find those documents, footer links included
Marketing pages
1public pages set against what the contract says
Position measured
7clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Rynat Trading Ltd

Rynat Trading Ltd is a Cyprus investment firm, registration HE 344135, licensed by CySEC under number 303/16, at 18 Monis Machera Street, Limassol. Its Client Agreement writes the name as Rynat Trading Limited. One company stands behind three brands. The legal documents are served from ryninvest.com, the app terms are written for an app called XTrend, and the newest file, the April 2026 Terms of Business, calls the platform RynInvest. Both sites say the brands belong to Rynat Trading Ltd, so these are its documents wherever the files sit. What the contract never settles is which website is yours, and every price, fee and notice lives on the Website.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Rynat publishes a full English document set in one place, with version numbers and dates on most files. Its Withdrawal Policy commits to processing a clean withdrawal within one business day, faster than most brokers promise. Margin call at 100% and close out at 50% of used margin match the European retail standard, and the firm belongs to the Investor Compensation Fund. The Client Agreement also states that Rynat is the counterparty and that your orders never reach a trading venue, which many market makers leave vague. Rynat warns on its own homepage that another website is impersonating it.

This review covers the Client Agreement, Terms of Business, Terms of Use, Risk Disclosures, Social Trading terms and AML Policy in full. The Client Agreement's glossary was cut short. So its definition of Abusive Trading, the term that triggers the profit cancellation clause, is missing. Parts of the Withdrawal Policy show scrambled characters, so only the legible passages are quoted. Twenty two of the other files Rynat publishes are not covered. They include Costs and Charges, the Order Execution Policy, the Conflicts of Interest Policy, the Our Wallet credit terms, the Leverage and Margin Policy, the Investor Compensation Fund document, the Privacy Policy, six Pillar III disclosures and six execution quality statements. Costs and Charges matters most, because it may hold the fee figures the Client Agreement leaves out, and it would not open. No earlier version of any of these documents is available for comparison.

How to check any of this yourself

Every quote above links to the Rynat file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Rynat publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Rynat on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 14, 2026.

If you represent Rynat and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Rynat. Whether its licence is real and current is a separate check on the broker profile.

What traders say about Rynat

Comments on Rynat are posted on its profile

Nobody has commented on Rynat yet. If you have traded with them, your experience helps the next reader decide.

Write the first comment
Back to the Rynat profile