Note: Regrettably, the official website of RH Trade, namely https://www.rhtradefx.com/en/index, is currently experiencing functionality issues.
What is RH Trade？
RH Trade, a recently established trading platform, claims to be registered in the United States. Their customer support can only be reached via email at support@rhtradefx.com. However, it is important to note that their regulation by the NFA is considered suspicious and raises concerns about their legitimacy. Additionally, their official website is inaccessible.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Cons:
- NFA (Suspicious Clone): RH Trade being regulated by the NFA as a “Suspicious Clone” raises concerns about their legitimacy and adherence to industry standards.
- Reports of withdrawal issues: There have been reports from users about difficulties in withdrawing funds from RH Trade, which suggests potential problems with their financial operations.
- Lack of industry experience: RH Trade lacks a track record or established presence in the industry, making it difficult to assess their reliability and expertise.
- Inaccessible website: The fact that the RH Trade website is inaccessible raises doubts about their credibility and transparency.
- Limited communication channels: RH Trade only offers limited communication channels, with customer support available solely through email. This leads to delays or difficulties in resolving issues or obtaining assistance.
Is RH Trade Safe or Scam？
There are suspicions that this broker's claim of being regulated by the National Futures Association (NFA) with a license number of 0559070 may be a clone or fraudulent. It is important to exercise caution and be aware of the potential risks associated with dealing with this broker.
Additionally, the inaccessibility of their official website raises doubts about the trustworthiness of their trading platform. These factors contribute to an increased level of risk when investing in RH Trade. If you are considering investing with RH Trade, it is crucial to conduct thorough research and carefully evaluate the potential risks compared to the potential rewards before making any final decisions. In general, it is advisable to select brokers that are properly regulated to ensure the safety of your funds.
User Exposure on WikiFX
Our website has received reports of users being unable to withdraw funds from this broker. We advise traders to thoroughly review the available information and be aware of the risks involved in trading on an unregulated platform. Users are encouraged to check our platform for information before engaging in any trades. If you come across any fraudulent brokers or have been a victim of such, please report it to us in the Exposure section. Our team of experts will do everything in our power to assist you in resolving the issue.
Customer Service
Customers can get in touch with customer service line using the information provided below:
Email: support@rhtradefx.com
Conclusion
In conclusion, RH Trade is a trading platform that lacks transparency and credibility. It has been flagged as a “Suspicious Clone” by the NFA, calling into question its legitimacy. There have been reports of withdrawal issues, indicating potential problems with their financial operations.
Considering the above points, it is important to exercise extreme caution when dealing with RH Trade. The lack of regulation, reports of issues, and the inaccessible website are red flags that suggest potential risks for investors.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2024-03-14 17:25
2023-12-01 18:12
