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RedMars Review: Rmmarkets.com Untrustworthy Scheme

RedMars Review: Rmmarkets.com Untrustworthy Scheme

RedMars is an investment company that is allegedly the best scheme in the market. RedMars is a company that has a welcome bonus of 25%. They assure investors that all profits made are available for withdrawal. You could claim an amount of $2500. The first thing to note is that investment companies that offer lucrative opportunities are not regulated. Bonuses are banned in various jurisdictions due to the unrealistic trade volume you must meet.

RedMars Review, RedMars Company

The company deals with forex, futures, shares, cryptos, metals, and indices. These products are very volatile, and you cannot predict the prices. Hence, you can either make high returns or huge losses. Choosing the wrong broker will cost you.

RedMars does not protect funds. There’s no segregation of funds on this website. The company is not working with a reputable financial institution, and you will be risking depositing funds into the con artist’s wallets. Nonetheless, The entity implies that it works with EU verified financial institutions. You will never recover the money once you give the scammers access.

The venture states it has a powerful trading platform to generate high outcomes. They have over 300 trading instruments. However, we do not seem to find the company’s trading results.

Rmmarkets.com Review

RedMars is operating anonymously. Information regarding their team is missing. Therefore, we cannot validate that qualified personnel will be handling your funds. Moreover, if their venture exits the industry, getting hold of them will be a nightmare.

Before you trust any company, we recommend doing thorough research to determine if the venture is worth the take. Look for client reviews to see if there are any dissatisfied customers. Before trusting any business, you also need to go through the terms and conditions keenly.

RedMars does not have a demo account. Hence, investors cannot familiarize themselves with the trading interface. The company lacks transparency, and its promise of financial freedom is vague. We can never get hold of the trading performance or the broker’s techniques.

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The company mainly targets novice traders looking for ways to become rich overnight. Ensure you have adequate knowledge of trading to avoid having negative outcomes.

You can try out these legitimate forex trading ventures that have sound trading conditions. They even offer trading education to boost the skills of their client. You will have the guidance of professionals. Additionally, you can go through their past trading results to get a snippet of what to expect.

How Does RedMars Operate?

RedMars is the type of scheme that could be advertising their dirty business using their marketers. The sales reps are convincing, and you can end up giving them access to all your savings. 

Rmmarkets.com Review, Rmmarkets.com Accounts

However, you need to be cautious as many red flags are involved with this scheme. The entity avails adequate information regarding the business. However, we are in the dark about whether they generate the advertised returns. Furthermore, we can’t find the available trading results. 

We recommend traders to stick to the venture with a license from either Australian Securities and Exchange Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), NFA, or Commodities Future Trading Commission (CFTC).  You will enjoy fund safety and other benefits. 

Features of RedMars

The features that the broker brags about include commission-free accounts and tight spreads. The software allows traders to enter the market at an instantaneous speed. RedMars allegedly has multilingual support and over 300 trading instruments.

Investors can trade using their phones or computer. The withdrawal process takes 24 hours, but we found that The entity has several misleading, false information. There is no segregation of funds, and their leverage is extremely high. 

Once you register, the venture asks for personal data to verify your account. We do not recommend sharing such info with suspicious schemes. This is because the entity can sell your information without your knowledge.

Trading Condition and Accounts 

RedMars has a trading account, and the minimum amount you can deposit is $10. The spread ranges from 1.4 pips to 20 pips. All versions have leverage of 1:500. The company purports to be operating from the European region. The cap limit is 1:30, which shows you that this is an illegal venture collecting funds from countries with tight jurisdiction.

Nonetheless, the platform features itself as a bespoke entity. It has a commission of $20 per lot. It also has four unique remuneration schemes that we don’t seem to find. The entity also brags it has partnered with a top-tier investment scheme. This is another bluff only to make your deposit more money into the system.

Despite the volatile industry, the broker wants you to believe they will deliver constant income into your account. Even the top reputable investment brokers do not make such kinds of promises. RedMars is unworthy of investors’ trust. The entity is being run by scammers. If you are not careful you could lose everything.

Withdrawal and Deposit

RedMars accepts funds via Visa, MasterCard, Bank Wire, and Sticpay. The venture wants investors to believe it is working with a reputable financial institution. The only withdrawal information available is that the venture does not request fees on bank transfers. Unfortunately, information on other options is missing. 

There are no complaints from their customers. Compared to other offshore companies, this seems to be a genuine broker. However, our main worry is the high leverage of the company’s offerings. 

Customer Support and Contact Detail

The scheme only features an email address that investors can use to contact them. There’s no phone number, and this should show you that the company has not invested in a quality support team. Sound customer support proves the legitimacy of a company.

You will have more confidence knowing that you entrust your money to the wrong people. The firm does not have an operating address. However, we suspect that this is an offshore entity, and the reason they conduct their business discreetly is to avoid being put behind bars.

Regulation Status of RedMars

The parent company of this entity is operating from Saint Vincent and the Grenadines. The financial regulatory body of SVG does not supervise online investment activities. The place has therefore become a haven for Ponzi schemes. There is no segregation of funds, and you would lose every day if the company collapses.

Additionally, all investment entities must meet a capital requirement and report their daily trading activities to a financial body. Withdrawal requests can take forever or never be handled when dealing with offshore schemes. The venture can be closed at any time without notice. 

Moreover, The entity does not have information about its founder. They lack transparency and exist in the industry. The farm is breaking the law. It is most likely that they will exit the market when you least expect it. Unfortunately, you’re not going to receive compensation once this happens.

Final Verdict

RedMars is a company that we do not have confidence in. Their trading conditions are not ideal. The platform does not take the security of funds seriously. The broker is doomed to fail, and they can close down the business abruptly.

Here is a list of some of the best forex trading companies that are reliable. Invest wisely and watch out for shady brokers. The safety of your money is taken care of, and you will deal with professionals. 

Is RedMars regulated?

No, they are operating illegallly.

What do investors have to say about this company?

RedMars does not have clients reviews.

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