RN Investing Review: Learn How To Detect Investment Scams
Why our RN Investing Review is important? Reason one – it can help you learn how to identify fraudulent investment scams and avoid them. Second, it will help you understand how the scams work because that information is useful in the fund recovery process.
If you lose money to a cyber con artist, do not panic. Our review will teach you exactly what you should do in that unfortunate situation. Now, let’s proceed to analyze the RN Investing scam.
|Regulated by:||Unregulated Investment Scam|
|Is This Company Safe?||No|
|Have Warnings from:||AMF|
|Minimum Deposit:||1,000 USD|
|Deposit Bonus:||20% – 30%|
|Trading Assets:||Forex, Crypto, Commodities, Stocks|
|Free Demo Account:||No, only live trading accounts|
|How to Withdraw from This Company?||Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds.|
Legal Info: Is RNInvesting Legit?
RN Investing claims to be a legitimate Canadian investment firm, based in Montreal. That would’ve been great if it were true but it is not. RN Investing is not licensed to offer services. We checked the register of the Quebec regulator.
There is, however, a regulatory warning issued against RN Investing by the French financial market watchdog, the AMF, on August 23, 2023. This basically means that RN Investing is not compliant with European regulations.
Therefore, there is absolutely no reason why you should trust this illicit investment firm or any other unregulated scammer such as Exobit for that matter.
Instead, find a licensed provider that’s regulated by a renowned financial market authority such as the FCA (UK), CFTC & NFA (US), BaFin (Germany), IIROC (Canada), ASIC (Australia), CySEC (Cyprus), MAS (Singapore), etc.
Who Are RN Investing’s Victims?
According to godaddy.com/whois, the rn investing com website domain was created on June 1, 2023, nearly three months ago. Since then, the financial swindler has illegally been offering services primarily to traders residing in the following countries:
- United States;
- United Kingdom;
RN Investing is using a sophisticated and cunning facade to “infiltrate” these jurisdictions and find victims. Luckily, the French AMF noticed RN Investing and issued a firm warning against the trickster’s monkey business.
It should be stressed that all these jurisdictions, especially the US, have different financial market rules and regulations. RN Investing definitely has no authorization to operate anywhere.
If you are unsure which is the right platform for you, book a free consultation with us.
Trader Reviews – RN Investing avis
What do traders think about RN Investing? Popular forums such as trustpilot.com and scamadviser.com feature mixed reviews but the negative ones seem more honest. Some traders who believe they lost money to this platform claim they had issues with the RN Investing login process while others were simply asking for help.
A lot of the reviews on Trustpilot are in French and the majority of complaints were written relatively recently, meaning RN Investing created its website and started doing its shady business right away. Please heed these warnings and avoid falling into the same unscrupulous trap!
RN Investing Trading Platform
RN Investing offers the renowned MetaTrader 5 platform with a comprehensive toolkit for traders of all levels. MT5 ensures convenience and accessibility with cutting-edge features such as automated trading, live market reports, a user-friendly interface, etc. The platform can be used to trade Forex currency pairs, stocks, commodities, and cryptocurrencies.
In addition to the desktop version of MT5, the platform can also be downloaded on Android and iOS mobile devices, enabling the user to trade on the go and quickly adjust to market movements and fluctuations.
Although MT5 is widely considered the best platform available today, it cannot compensate for the fact that RN Investing has no license to provide Forex trading services.
RN Investing Trading Account Types
According to RN Investing’s website, the company offers various live trading account types for all levels and budgets. Here’s an overview:
- Bronze Account:
- Minimum Initial Deposit: 1,000 USD;
- 20% bonus;
- Silver Account:
- Minimum Initial Deposit: 10,000 USD;
- 25% bonus;
- Gold Account:
- Minimum Initial Deposit: 25,000 USD;
- 30% bonus;
- Platinum Account:
- Minimum Initial Deposit: 100,000 USD;
- VIP Account:
- Minimum Initial Deposit: 250,000 USD.
Each account tier offers the same features as the preceding type plus additional benefits and perks such as one-on-one lessons, daily market reviews, risk-free account management, etc.
But there are some big disadvantages – there is no risk-free demo account and the minimum deposit of 1,000 USD is pretty high. There are plenty of licensed providers that will charge you much less money to open a standard live account type.
If you lost money to the RN Investing Scam, please contact us for help. We can help you recover your funds.
Leverage, Spreads, Commissions, Bonuses
RN Investing claims to offer different leverage caps and spreads for each account type. However, the website did not specify the exact maximum leverage or the available spreads. And since the commissions are unknown as well, the entire trading conditions segment is not transparent.
As for the bonuses, RN Investing says that “until the required conditions for a bonus payment have been fully satisfied, withdrawals of bonus funds or trading profits from are not possible.” However, these shady conditions were not disclosed in the legal documentation.
RN Investing Withdrawal Process
RN Investing listed two available payment methods for depositing and withdrawing funds:
- Credit/debit cards;
- Wire transfers.
The minimum deposit is 1,000 USD but the deposit and withdrawal fees, as well as the payment processing time, were not disclosed so you can expect hidden fees. Such a lack of transparency is alarming.
RN Investing is unlikely to respect the refund policy and give you your money back in case of a dispute. Luckily, MasterCard and VISA card transactions can be reversed. If you’re having withdrawal issues, you can request a chargeback at the issuing bank within 540 days.
Key Information To Consider About RN Investing
RN Investing is an unlicensed and fraudulent investment scam, allegedly based in Canada. This bogus website mainly targets traders from the United States, the United Kingdom, Japan, Serbia, and France. In mid-August, the French AMF issued a warning against RN Investing.
RN Investing is blacklisted, just like Fantex, so avoid these platforms at all costs. If you lost money to this scam, please contact us for help. Our experts will explain to you how a chargeback works and gladly guide you through the entire process. You must act quickly though!
Here you can book a free consultation and find out what to do for a start.
What is RN Investing?
RN Investing claims to be a profitable investment firm but in reality, it’s a shady online scam platform.
Is RN Investing Legit?
No. RN Investing does not have a license to operate, plus the platform ended up on the AMF’s blacklist.
How To Get Your Money Back From RN Investing?
You must request a chargeback at your bank. Book a consultation with us and we shall explain how it works.