Are you a FX trader? Consider using RRRCapital broker for trading? If yes, here is what you must know about this broker. See reviews to find all about it.
RRRCapital: What is it?
RRRCapital is an offshore brokerage company with a lot of promises for traders. This broker indicates its location as Port Louis, Mauritius. Also, the broker offers different account packages such Standard, VIP, ECN Pro, Islamic and RRR Copy accounts.
What is more, FX broker trades on the following instruments like forex, stocks, commodities, crypto, bonds and indices.
To clarify RRRCapital claims, traders must know they are dealing with an unknown broker with no regulation over its head.
Withdrawal and Deposit
RRRCapital Minimum Deposit / Withdrawal process
The stated withdrawal process on RRRCapital takes within 1 hour and zero withdrawal fee.
More so, RRRCapital minimum deposit is stated $250.
As for the payment methods, the broker mentions different options at footer on the website – credit or debit card, via wire transfer, or in crypto. However, you should not consider making any payment with this broker because it is a risk. So beware!
RRRCapital claims to operate on MT5. Even though this is the standard trading software in forex market, it still doesn’t make this broker different from other scam trading platforms.
As for the leverage, it can get up to 1:500. From all indications, we say don’t consider doing that with an unregulated forex broker like this one, because you stand the chance of losing your money.
Why You Should Avoid rrrcapital.com Broker
First of, rrrcapital.com has no financial authority overseeing its financial services. We believe this broker is not worth your money because Financial Services Commission (Mauritius) does not monitor or regulate this broker.
Another red flag we noticed in this broker is that there is no demo account for traders. If traders can’t test the broker on a free account, how then can we know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
RRRCapital Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
rrrcapital.com claims to be a genuine trading broker, but this is not the truth. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers . Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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Last Updated on December 6, 2022 by admin