Heard of rsysic.com platform? Is RSY-SICR a safe or scam forex broker? Let’s read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
Table of Contents
What is RSY-SICR?
RSY-SICR FX otherwise known as rsysic.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is RSY-SICR Regulation Claim Genuine?
First of, RSY-SICR FX is a German based broker with a regulated address in Frankfurt.
The broker claims to be based in Germany and regulated by the strictest financial regulators in the world – the FCA (the UK), CySEC (Cyprus), FI (Sweden) and other jurisdictions.
To clear the suspicions, a check of the records of the relevant financial regulators shows that there is no authorized forex broker using the Tolentino trading name and domain. The broker has blatantly lied about the most important element of every broker’s offer – licenses.
This shady company is not under anybody’s supervision – and they are certainly not obligated to treat you fairly.
Furthering, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Does RSY-SICR Have Account Types?
RSY-SICR FX offers variety of trading account for clients like Beginner, Advanced and Trader. According to the website, the broker leverage is capped 1:100.
This broker offers minimum deposit of $1000 according to the Beginner account. This is a ridiculous start for such an unlicensed broker.
In contrast, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
RSY-SICR mentioned possible payment solutions in the Terms and Conditions such as credit card and China UnionPay.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
RSY-SICR Trading Software
RSY-SICR FX offers web trading software. The platform comes with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against RSY-SICR Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that rsysic.com 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
RSY-SICR FX located at rsysic.com appears like a genuine trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, this broker lacks one important indicator which is – it license. Following this, we would advise traders to steer clear from unlicensed brokers as they 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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