RFTLTD.com Review – All Clear Signs To Avoid This Firm Revealed
Apparently, this firm has been operating for 11 years. However, their domain age has existed since April 2023, according to who.is. Not to mention, the company is operating without legal documents and transparent ownership details.
In general, this is just the beginning of the avalanche. Luckily, this RFTLTD.com review brings you all the irregularities in one place.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Registered in:||UK (allegedly)|
|Trading Platforms:||Proprietary web-trader|
|Deposit Bonus:||Available 10-20% welcome bonus|
|Trading Assets:||Cryptocurrencies, Forex, Commodities, Indices, Shares|
|Free Demo Account:||No|
|How to Withdraw from This Company?||Since they present themselves as UK-based and they work without regulations, you can forget about clean withdrawals. So, if you see any issue during the procedure, contact our refund experts immediately.|
Legal info: Is RFTLTD.com legit?
RFTLTD is not a legitimate firm primarily because of missing regulations. Since they claim they are based in the UK, that makes everything easier. You just have to check the FCA register, and you can discover the truth. However, their database doesn’t have any records of the company’s license.
And not only that. Neither does any other Tier 1 database like BaFin, ASIC, or CFTC have any records of RFTLTD.com. Consequently, none of the fund’s protection features are available, starting with negative balance protection, segregated bank accounts for deposits, and compensation schemes.
Who are RFTLTD.com clients?
For these couple of months in 2023, the company was mainly targeting German speakers. It’s not surprising knowing that scammers are looking for people with deep pockets. Sadly, the ones that were hurt the most are from:
If you were one of their victims as well, feel free to contact us for refund advice.
Already in the first couple of months, the company has earned a bad reputation. Nearly 50% of the comments on Trustpilot are negative ones. Customers are mainly complaining about the company’s scamming activities. But if you look at the RFT LTD website, you can’t expect anything more.
Even though there are only 4 comments, these point out the direction. But let us know what your experience is in the comment section below. Ultimately, our team can analyze your case and offer you an adequate refund solution. Of course, if you contact us.
Leverage, Commissions, Spreads, Fees and Taxes
Generally speaking, EU regulations and even ESMA require brokerages to offer a maximum leverage of 1:30. But RFTLTD gives up to 1:100. Even though it’s not that dangerous, it still tells you they are not working according to regulations.
Spreads are considerably low, starting at 1.1 pips for a standard account. However, as the spreads go lower, you get a higher commission. In this case, shamelessly high $25 commission per micro lot.
Another worrying fact is that RFTLTD brokerage offers a welcome bonus. Even though it’s low, it can contain malicious clauses in the policy. If they had any in the first place. But if you don’t know how these tricks work, read our York Pro review.
RFTLTD.com Trading Features
Practically all the features are connected to their poorly designed web-based platform. Of course, without registration, you can’t see anything. As the main tools, they advertise real-time forex prices, which is something that should be available in general.
On top of that, there are national holiday calendars, market signals, and technical indicators. It’s not something you can’t find on any corner.
Trading Platforms Available
As the main software, the company is using a proprietary web-trader. Yet, without a license and trusted software like MetaTrader or cTrader, nothing is guaranteed with this firm. Especially if you know how easily these platforms can be manipulated.
All in all, you won’t regret if you skip the RFTLTD offer and wait a bit longer but find the right brokerage.
Available Trading Assets
Tradeable assets with scam firms are generally traders’ last worry. Simply because there are too many other factors that they have to check. In any case, this firm claims to offer:
- Forex – USD/GBP, AUD/NZD
- Commodities – gold, crude oil
- Indices – DAX 30, ASX 200
- Shares – Walt Disney, Bank Of America
- Crypto – BTC, LTC, XRP
Without a demo account available, you have to choose between four live accounts. On top of that, there’s quite a hefty minimum deposit requirement of $250. Yet, with some regulated firms, you can start with as low as $10. In any case, the options are:
- Standard – $250
- Pro – $2.500
- Expert – $25.000
- VIP – $500.000
Mobile Trading App
As can be seen, RFTLTD company is offering web trading for mobile devices. But that’s not the advantage for traders. Quite contrary. Practically, they present it in a way that makes you think you are getting something extraordinary. But in reality, that’s just a web-based platform you have to access through the browser.
As mentioned, the company lacks transparent access to the platform. Therefore, all their fees and features remain questionable. Overall, a demo account is sometimes even more important for experienced traders since they know what they are looking for.
But if you are a beginner, we suggest you read our Elland Road Capital review and find all the necessary tips.
In fact, none of the educational programs are available with the company. Since they are not a licensed firm, this can be a relief. Otherwise, they would teach you things that go in their favor. Not yours!
Without transparent legal documents and a withdrawal policy, they can manipulate anything they want. Starting with verification procedures, fees, or taxes. All these tricks are often used by scammers to extort your last money.
But in the end, all accounts end frozen one way or another. Since they don’t offer transparent withdrawal fees, methods, and processing time, you should skip their offer.
Another worrying fact is that the company offers quite poor contact options. Only e-mail and web contact forms are available. Consequently, they can ignore your requests all day long. Especially if you are asking about a withdrawal. Instead, you should opt for a Tier 1 licensed brokerage with transparent options.
Key Information To Consider About RFTLTD.com
All in all, the company looks completely fraudulent. Starting with their anonymous approach, lack of licensing, and shady trading software. Not to mention non-transparent legal documents and withdrawal policy.
So, if you were a victim of this firm, don’t bother. There are easy ways to find your lost money and start the refund process. Most importantly, the first meeting with our team is free of charge. Book yours now and find out what your next steps are!
What is RFTLTD.com?
RFTLTD.com is a scam brokerage that presents itself from the UK but in reality, nobody knows where they operate from.
Should I Open An Account With RFTLTD.com?
If you want your money safe, don’t open an account with them. But if you already did, our refund specialists are there to advise you on the next step.
What to Do If I Was Scammed Online?
Before you leave any reviews online, let our experts know about your case. Once you get detailed guidance about the refund procedure you will choose your next move.