Embrace every opportunity is the call-to-action of Ronghaninvest. The platform claims to show investors the pathway to success. All the hullabaloo is halted by the FCA’s warning on this platform. There’s a good reason why the FCA would issue a warning regarding Ronghan Invest. Our investigation reveals ronghaninvest.com has been deceiving investors. After members deposited with the platform, the platform would block withdrawals. We have seen this happen many times before. Please find out the truth in our clear RONGHANINVEST Review.
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Their goal is to provide you with the ultimate trading experience. It’s what they state on their about us page. They go ahead and claim to be passionate about online trading. Ronghaninvest also claims to be constantly innovating and improving the way clients invest.
If you look at the website at face value, it does really look impressive. It’s what the naked eye sees, and this is what Ronghan Invest wants you to see. Our years of investing and trading show us otherwise.
Despite having a commendable-looking platform, there are land mines. Apart from you not seeing the FCA blacklist, we can see several red flags. One is they claim to be fully regulated by the FCA.
A smart investor will check and confirm with the FCA whether this statement is true. After checking, they will realize the platform is lying about their license status. For those who sign up without doing due diligence, we can only feel sorry for them.
Reading reviews such as this helps investors find the truth about investment platforms. And this gives you an advantage over naïve investors. But, of course, you can also write to us and ask us to review a platform for you.
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Ronghaninvest offers four accounts to choose from. The four accounts include Mini, Standard, Gold, and Platinum. All the accounts come with floating spreads and leverage of 1:50. The accounts seem to have fair trading conditions.
It’s the most basic account, and users have to deposit $500 to get started. The maximum allowed deposit with this account is $5,000. According to industry standards, the acceptable minimum deposit should be $250.
With the mini account, you don’t get a personal trading trainer or VIP trading support.
The standard account is the second account with a deposit cap of $5,001 to $10,000. With the basic and standard accounts, the first 5 operations are free of risk. However, members don’t get SMS trade alerts or VIP trading support.
To start trading with the gold account, you must deposit over $50,000. With this account, members enjoy negative balance protection with 5 operation risk-free accounts. Apart from the negative balance, there’s no difference between the gold account and the other two.
It’s the most exclusive account on offer with a minimum deposit amount of $150,000.Members get VIP trading support with negative balance protection. We wouldn’t recommend any of the accounts as the platform is blacklisted.
There’s a reason why we have to inform users of the risks when opening an account with Ronghan Invest. Although the procedure seems straightforward, there are issues with the verification process.
When making withdrawals for the first time, the platform demands you send verification documents. These documents include bank statements, a copy of your ID, and credit card details. There are other ways of verifying accounts.
The platform could send emails with verification links or SMS codes. Maureen Christen, a cyber-security expert, warns of this behavior. She claims these websites could be harvesting banking data from clients.
What’s to stop them from charging your credit card with their personal online shopping? They could also sell your banking information to hackers. There’s no telling what a blacklisted platform will do with your personal information.
The platform doesn’t offer live chat, only a physical address which is the Marshall Islands. However, there’s a phone number with a UK country code. It would be best if you weren’t fooled; they are using virtual phone numbers.
Making direct contact with the people behind this platform is nearly impossible. The only time the phone goes through is odd UK hours. By that time, the person on the other end will ask for more deposits.
They claim that the more you deposit, the higher your chances of winning. But, unfortunately, writing emails won’t be of much use; they rarely respond to emails, especially withdrawal requests.
It all starts with the well-designed website acting as a successful forex investment platform. They can lure in clients from all walks of life. Those who end up depositing funds end up losing their investments.
Even a skilled trader does not withdraw funds; this is after making profitable trades. It’s what makes this platform a joke as they blatantly refuse to allow withdrawals. And now the FCA knows about them hence, the warning statement.
No, the platform is on the blacklist of FCA, the very regulator they claim registered them. With the warning out, we hope investors won’t fall for this platform. The warning is a reminder that the forex investment world has scam artists waiting to pounce on investors.
Without a proper license, there’s no oversight. Although they claim to have FCA’s approval, there are no documents to prove it. And this is another red flag to spot with forex investment services. Despite claiming regulation, you need to demand copies of the certification.
It’s the only way you can confirm a particular regulator registers the platform. Of course, the platform has to also be in the record books of forex regulators. Otherwise, some platforms merely claim to have a license and no proof to back it.
You can deposit funds using bank transfer and Skrill. There’s no need to withdraw as depositing funds with this platform is a huge problem. No one has made it this far, making it a total waste of time and money.
The platform offers MT4 and SIRIX trading terminals which are some of the best to use. We do recommend using these two alongside the MT5 trading terminal. The platforms offer intuitive tools and an easy-to-use interface.
There is no safety from a platform already blacklisted by regulators. The platform fails to offer insurance cover to members. And this puts all investments at risk in case of bankruptcy or insolvency.
The platform also fails to use security software to protect members when making transactions. There is no DDoS software or SSL encryption. As a result, the website is prone to third-party attacks. Security of funds is out of the question with the platform.
After viewing all the facts, we have a duty and responsibility to our clients. Therefore, we have to blacklist the platform to save our ardent readers from the misery facing members.
Get the best out of investing by using reliable forex investment platforms. It’s the only way to trade.
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