RBC Trade (Rbctrade.io) is the latest CFDs, Crypto Currency and Forex Scam to hit the lucrative trading world. RBCTrade is purporting to offer an effective and powerful tool for trade. Rbctrade is also offering users a welcome bonus starting from 25% to 100% depending on the account type. With such a high bonus set, investors are opening accounts without a second thought. Read this detailed and honest RBC TRADE Review.
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After receiving numerous email complaints from users, we knew something was amiss. Trouble started brewing when members realized they could not withdraw funds with RBCTRADE. Scam artists have cloned this website to mimic a real trading website. With their over the moon claims and promises, investors signed up in droves. Exposing these scam artists will ensure no other investor will fall for this trap. Thanks to our years of trading experience, we know how to spot a scam from a mile away.
RBC Trade is taking advantage of unsuspecting investors by offering a fake trading website. At first glance, all seems to be working up until when you realize no one can withdraw funds. Scam artists have perfected the art of designing websites and fooling anyone who signs up. What they have managed to do is steal from different investors worldwide. Negative comments are all over the web regarding how users are being mistreated. Read this full review and find out the whole truth.
Not much is known about the actual owners or people behind this shoddy scam platform. What we do know is they have chosen Luxembourg as their base of operation. RBC Trade is using fake location details to try and entice investors from the European region. For all we know, this could be another offshore based platform out to cause havoc. A problem with their contact details is using different phone numbers with different area codes. Where exactly are they located?
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Another disturbing feature with RBC Trade is in regards to anonymity. An anonymous online trading platform is bad news for all investors. We still don’t know who is running the show with this platform. For all we know, this could be another money laundering site dealing with illicit activities. Who are the founding members of this platform? Why can’t we get the actual names of people running this website? Whoever signs up with this platform is bound to lose their entire deposit. The smart decision is to stay away.
With claims of being based in Luxembourg, you would expect the platform to be licensed by European governing bodies. To try and confirm their licensing status, we reached out to various regulatory bodies. Some of the regulatory bodies we contacted include ASIC, CONSOB, FCA, NFA, and SEC. None of these bodies has ever heard of a broker with this name. With this clarification, we are sure RBC Trade is operating illegally. Deposits are not safe with any unlicensed online entity.
Why have they failed to provide members with copies of their license documents? A real trading website will provide proof of their licensing by posting their certificates. Without any certificates to show, we are sure RBC Trade is another online scam platform. Make sure to check whether the licensed number posted is the same as the one on the certificates. Smart investors read reviews to find out whether a platform is worth their time. RBCTRADE is unauthorized to conduct any Forex business.
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We checked to see whether there is any advantage of dealing with this website. Sadly, we could not come up with any advantage of dealing with a platform which is stealing from members. Illicit platforms such as RBCTrade are only good at stealing from unsuspecting investors. Since the platform lacks a valid trading license, funds are never safe. We believe funds deposited head straight to the pockets of these scammers. It is why they close down accounts once you start asking for withdrawals.
RBC Trade is furnishing users with four different accounts to choose from. Accounts are named Starting, Basic, Standard, and VIP. What seems to be a huge problem with these accounts is the bonus issued. Bonuses start at 25%, 50%, 75%, and 100% with each account type. What we noticed weird with these accounts is users are asked to pay back the bonuses. Investors are not able to withdraw any funds and have to pay back the bonuses. Why issue a bonus when you will later ask for it?
When it comes to account funding, users are to use bank transfer, Credit, and debit cards. Depositing is easy and fast and takes less than five minutes. Withdrawing funds still remains to be a huge issue with this platform. No member has come out and provided proof of ever withdrawing funds with this platform. Lack of any means to withdraw makes RBC Trade an outright online investment scam platform.
Why have they failed to give users a demo account? Without a demo account, it means users are signing up blindly. Does the platform execute trades fast? These are some of the questions a demo account helps solve. Smart investors make sure to try out a demo account before committing to a real account. Make sure to check out whether a platform offers a demo account before signing up.
Another disturbing feature with this platform is the fact that they fail to offer a live chat support. With today’s advance technology, you would expect a platform to have live chat support. A huge problem with RBC Trade is they prefer to use email and phone calls. Emails are one way and these scam artists may decide never to respond to your emails. Account managers will call you at odd hours demanding you deposit more funds.
How can funds be safe with a platform which is anonymous and lacks proper license documents? Another huge shocker with this platform relates to segregation of accounts. Funds are never safe as the platform does not participate in a compensatory scheme. Ensure you stay away from this platform to stay safe.
Evidence clearly points to RBCTrade being another rotten online scam. Best make sure to stay away from this illicit platform or else face the music. From the negative comments floating around the web to lack of withdrawal, RBCTRADE is a scam. Avoid any platform which shares the same characteristics as this platform. Ensure you stay safe and use recommended products. Once you receive any calls from their agents, ignore them.
We will be adding this platform to our blacklist to protect our esteemed readers.
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Wishing all investors a lucrative trading experience.
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