Realfxm Markets (Realfxm.com) is a CFDs and Forex scam broker to hit the lucrative Forex world. RealfxmMarkets is claiming to offer users the opportunity of being their own boss. What Real FXM Markets is claiming is that they will offer investors to trade according to their own convenience. This made us get interested with this broker, so we did a thorough investigation. Read this review to find out the truth.
As we candidly point out in almost all our reviews, it pays to read what expert traders are saying. Know that this investigation is full of facts that can easily be verified by the person reading. A review is meant to clearly show brokers who are legit from illicit brokers. Find out more by reading this entire review.
Claims and promises are some of the ways scammers use to entice investors into signing up. Realfxm markets is claiming to offer investors exclusive trading sessions. They plan to do this using a straight through processing (STP) broker. RealFxm Markets also claims to offer commission free trading to all investors.
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According to the disclaimer at the bottom of the homepage, IBC Global Investment House LTD owns Realfxm Markets. Problem with this statement is that there’s no notable name given to investors. Who is the CEO or CFO of this company? Why have they failed to mention even a single shareholder of this company? Reason is this; we are dealing with a broker who wants to remain anonymous.
Anonymity is key to a scam’s success and Real FXM Markets owners want to remain hidden. They simply don’t want the heat from victims and authorities to get a hold of them. A broker who does not disclose their real identity is up for mischief. Never deposit money at any point with an unknown online investment entity.
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Folks, this broker claims to be regulated by the FSA body in Seychelles. What this means, by their own admission, is that they are an offshore broker. How comes that this broker has also been registered in another country?
Claims that they have also been registered by FCA (UK) can clearly be seen. Problem with this statement is that they don’t have any documents to prove authorization. Legit brokers usually post their registration documents on their homepage. Apparently, Real fxm markets has failed to do this. And this clearly points out to one thing, this is a fake broker insinuating to be real. Stay clear from unlicensed brokers.
Homepage clearly reveals that they are using MT4 trading platform. Folks, for a platform to be really good it has to be compatible with all devices. This means that a broker’s trading platform has to be compatible with mobile, desktop, and tablet devices. What we did to try out their platform is download this platform on these devices. Sadly, none of the devices would be compatible with their platform.
What happened was that download stalled and stopped at 22%. This means that we are dealing with an unstable platform. An unstable platform is bad news for any investor since they leave investors vulnerable to cyber threats. Hackers find unstable platforms easy prey for personal and credit card theft. They steal personal information and also credit card theft for the wrong reasons. This wouldn’t be the first time an unstable platform has left users at risk of being targets of fraud.
Another red flag that we spotted with this broker is that they have rigged the demo account. Yes, this broker has rigged the demo account in your favor. Some may think that this is an advantage, wait and until you read the reason why. These scammers have rigged the demo account so that it can make over 90% successful trades. Yes, they have done this for one reason only, to fool investors into signing up.
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Once investors see that they can actually win with the demo account, they will want to open a real account. A real account is different from the demo account since you will have to deposit real cash. These scammers are in league with other rogue brokers to steal your money. They will offer fake news reports and make you lose your money. This will ensure that they share the spoils between themselves.
Funds are never safe with an unlicensed and unregulated broker. To begin with, this broker is pooling funds in one account. Another cause for alarm with this broker is that they don’t reveal their depository bank. Where do they deposit all the deposits investors deposit with them?
Red flags are plenty with Realfxm Markets as they don’s segregate accounts. This means that accounts are all the same. In case of bankruptcy or insolvency, members will lose their money without being warned. This broker does not participate in a compensatory scheme. And this is why it’s never safe to sign up with an unregulated broker.
Realfxm Markets has three different account types. These accounts include X Standard, X Premium, and X Pro. An X Standard account holders are required to make a minimum deposit of $200 to start trading. X Premium account holders are required to make a minimum deposit of $2000 to start trading. X Pro account holders on the other hand are required to make a minimum required deposit of $5000 to start trading.
This broker is enticing investors to sign up by using fake promotional materials. These promotional materials include referral programs and exclusive bonuses. Folks, once you refer a friend, they claim to reward you with $50 of trading money. If you do this, you will be referring a friend to a money pyramid scheme. Never trust this broker with any of your friends or family as they will be ripped off.
Without a shadow of doubt, Realfxm Markets is a scam. From the level of anonymity, this broker is definitely defrauding Forex investors. Best thing to do is to stay clear of this broker by ignoring all their promotional materials. Make sure you mark all their emails as Spam and never click on any links. It has come to our attention that some links are malware that target personal data collection.
Only option we have is to blacklist this broker as a Forex scam. As Forex investors and traders ourselves, we hope no one signs up with this rogue broker. Evidence that we have gathered clearly show that this is indeed a Forex scam. Make sure to warn your friends and relatives about signing up with this broker. Always stay safe with Recommended Forex products that the industry has vetted.
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Remember to always thrive to trade safely at all times.
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