The RXKCapital web page is full of empty promises. This broker claims to provide ideal conditions for trading financial instruments, whether we are newbies or skilled investors.
Yet, this RXKCapital review shows that this website looks much more like an investment scam than a credible forex broker. Let’s take a closer look at why it wouldn’t be wise to trust your money to RXKCapital.
|Headquarters||Saint Vincent and the Grenadines|
|Broker Type||Forex & CFD|
Regulation and Security of RXKCapital
RXKCapital says many false things claiming they are legit forex and CFD broker. They say they are qualified to onboard traders all over different jurisdictions. This is a false statement.
Initially, a forex broker has no privilege to propose services on regimented markets. It’s possible only with a legit forex license given by authorized regulative authorities.
The case of RXKCapital is tricky. Why? In the ‘Regulations’ section, they confess that, for the time being, they are unregulated. Despite that, they still abide by “all the necessary regulatory obligations”.
Not only do they lack a forex license, but they are also virtually anonymous. Of course, you should not count the offshore location in St. Vincent and the Grenadines.
Apart from that, RXKCapital claims to be a fully regulated broker in the future. Still, until that actually occurs, you should not trust anything RXKCapital may be pointing out.
RXKCapital Trading Platform
After the security features, you should check out the trading platform. Notably, this is the part you will engage with the most while trading.
RXKCapital has a professional team that created its trading platform. However, the platform has excellent and powerful technology. Also, it has a highly intuitive UI that makes it easy for every trader. There’s a fast trading execution that allows traders to benefit from all market movements.
The layout is entirely customizable, which lets traders design it according to their liking. There’s a range of helpful trading tools as well. You can find charting tools, indicators, and many technical analysis tools.
RXKCapital’s platform is web-based, and you can use it on your desktop or phone.
Tip: Many scam brokers can offer a great platform, even as great as MT4 or MT5. It doesn’t change the fact that you can easily be defrauded and they can vanish with your money.
Trading Instrument Available at RXKCapital
You will find out that RXKCapital broker has a wide array of trading products for their clients. There are more than 200 instruments available.
RXKCapital has added crypto options like BTC, LTC, and ETH. They also offer standard fiat currencies, and you can select from different pairs. Also, you can trade stocks of firms like Apple, Netflix, Tesla, IBM, PayPal, Google, and Microsoft.
You will also see the commodities such as gold, silver, coffee, and so forth.
RXKCapital Offers Bonuses and Promotions
How could fraudsters try to rob you and get away with it? They can do it with the alleged trading bonus. They will usually offer it upon signing for a trading account.
Often, such bonuses come with certain conditions. Be mindful of this! RXK Capital’s alleged bonus exists for all accounts and goes from 2,500 to 250,000 EUR.
Deposit and Withdrawal Procedure
Legit and regulated brokers will never question your right to withdraw your money. With scammers, there are no money withdrawal guarantees. They will always have a reply ready when canceling your withdrawal requests. This goes without saying! Always read the fine script and be careful about easy earnings.
On the report of RXKCapital reviews, there were many withdrawal issues present. Clients who wanted to withdraw their money needed to provide images and copies for verification. The tricky part is that none of those were ever satisfying.
Note: If you have any negative bad experience with this or any other broker scam, we would be happy if you could share it with us. We can do our best to help you report a scammer.
How Does Offshore Brokers’ Fraud Work?
Fraudulent offshore brokers operate in many ways. Firstly, there are withdrawal issues that we covered before. Then there are fees. Be advised that there are abnormal fees, often surpassing 20%. Those fees will be named withdrawal processing and handling fees.
Let’s not forget about the so-called profit fee. Scammers will want you to pay these in advance before submitting a withdrawal request.
Also, there are guaranteed returns. This one is another favorite scam technique. Scammers will always promise you guaranteed returns. Always know that trading with highly leveraged instruments carries a significant risk. Any broker scam will try to convince you that your returns are guaranteed.
Let’s focus on the legit brokers regulated across the EU, the UK, and Australia. These need to publish a warning about the exact percentage of traders who lose money on their platforms.
Best Forex Trading Brokers
Here’s a list of the most reliable brokers that you can check out. They are secure, trustworthy, and relatively popular.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFx.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Let’s take a look at what you could get from this RXKCapital review. Signing up with RXKCapital will be relatively easy, by all means. The security may seem fine, yet, that is not the case.
RXK Capital hides behind a fake address. We know the truth about all brokers hiding behind fake addresses. Regulation is also non-existent, which is another big red flag. Ultimately, always stay true to the licensed brokers only.
FAQs About RXKCapital Broker
Is RXKCapital Regulated?
RXKCapital is not a regulated broker. You should contact the chargeback specialists to get your money back.
Does RXKCapital Offer a Demo Account?
RXKCapital broker has a clear platform preview. Yet, the risk-free Demo account is not available.
What is the Minimum Deposit for RXKCapital?
RXKCapital requires a deposit of $250 to start trading. That may not suit newbie investors.