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The WikiFX Score of this broker is reduced because of too many complaints!

RLC

Hong Kong|2-5 years|
Type AA License|Suspicious Scope of Business|High potential risk|

https://www.rlc9000.com/

Website

Rating Index

Contact

+852 23927848
cs@rlc9000.com
https://www.rlc9000.com/
Flat F, 10/F, Comfort Building, 88, Nathan Road, Tsimshatsui, Kowloon, Hong Kong
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

+852 23927848

Broker Information

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Company Name

Hong Kong Red Lion Capital Limited

Company Abbreviation

RLC

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-05-22
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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    RLC · Company Summary

    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 contained in this article is for general information purposes only.

    General Information

    RLC Review Summary
    Registered Country/Region Hong Kong
    Regulation CGSE
    Market Instruments London silver, London gold
    Demo Account Unavailable
    Trading Platforms MT4
    Customer Support Phone, email

    What is RLC?

    RLC stands for Real-Life Capital. It is a trading platform that specializes in offering trading services for precious metals, particularly London silver and London gold. It is a brokerage firm that allows investors and traders to buy and sell these metals in the financial markets. Traders can analyze market trends, place orders, and manage their positions through MT4. And it is regulated by CGSE, ensuring compliance with regulatory guidelines and providing traders with a secure trading environment.

    RLC's home page

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Pros Cons
    • Regulated by CGSE • Demo accounts unavailable
    • One-stop service • Limited educational resources
    • MT4 supported • Regional restrictions

    RLC Alternative Brokers

    There are many alternative brokers to RLC depending on the specific needs and preferences of the trader. Some popular options include:

    • iGold - A broker who can legally operate electronic trading of 99 Gold, HKD Kilo Gold, Loco London Gold/Silver and RMB Kilobar Gold, and offers trading through the MetaTrader 4 platform.

    • Bibgold - Areputable electronic trading platform for London gold and silver, regulated by CGSE, offering traders a range of tools and educational resources to effectively navigate the bullion market.

    • Golday Precious Metals - A broker who specializes in trading and investment of gold, silver, platinum, and palladium.

    Is RLC Safe or Scam?

    RLC is regulated by the Chinese Gold and Silver Exchange Society (CGSE), which is the sole exchange in Hong Kong which trades physical gold and silver, and operates in pursuance of section 3 of Chapter 82 of Laws of Hong Kong, under which its operation as a commodity exchange is legally exempted. It also has been in operation for several years, and has received positive reviews from many customers. Based on the information above, RLC appears to be a reliable and trustworthy broker.

    However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

    CGSE license

    Market Instruments

    RLC offers trading of London silver and London Gold. Trading these metals provides an opportunity for investors and traders to speculate on their price movements and potentially profit from their fluctuations.

    • London Silver

    London silver refers to silver contracts that are traded on the London bullion market. The London market is one of the largest and most influential markets for precious metals trading. Traders can participate in the London silver market through ETB Bullion, allowing them to take positions based on their analysis of supply and demand dynamics, macroeconomic factors, and other market considerations.

    • London Gold

    Similarly, London gold represents the trading of gold contracts in the London market. Gold is widely regarded as a safe-haven asset and is often used as a hedge against inflation or as a store of value. By trading London gold through ETB Bullion, investors can take advantage of price movements in the gold market and potentially benefit from the performance of this precious metal.

    Trading Platforms

    RLC offers its clients the MetaTrader 4 (MT4) trading platform, a highly popular and widely-used platform in the financial industry. The MT4 platform is renowned for its user-friendly interface and comprehensive tools for trading various financial instruments, including forex, commodities, stocks, and indices.

    RLC's MT4 platform includes a comprehensive suite of order types, offering flexible and convenient trading options. Traders can execute market orders, limit orders, stop orders, and trailing stops to manage their positions effectively. The platform also supports automated trading through the use of Expert Advisors (EAs), allowing traders to implement pre-defined trading strategies or develop their own automated systems.

    See the trading platform comparison table below:

    Broker Trading Platform
    RLC MT4
    Bibgold MT4
    iGold MT4
    Golday Precious Metals MT4

    User Exposure on WikiFX

    On our website, you can see that reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Transaction Details

    RLC offers transaction details for the trading of London silver and London gold. The details are followed:

    London Gold London Sliver
    Contract Unit 100 5000
    Monetary unit USD USD
    Quote decimal points 2 3
    Difference 0.5 USD 0.04 USD
    Single trade lot size 0.01 lots ~ 30.00 lots 0.01 lots ~ 30.00 lots
    Lot difference 0.01 lot 0.01 lot
    Minimum pending order distance 50 50
    Initial Margin 2% 2%
    Holiday deposit Double Double
    Hedging margin 1% 1%
    Inventory fees -1.5%/-0.75% -1.5%/-0.75%
    Three days interest day Monday Monday
    Trading hours GMT+8 Monday: 06:00-24:00 Tuesday: 00:00-04:55 06:00-24:00 Wednesday: 00:00-04:55 06:00-24:00 Thursday: 00:00-04:55 06:00-24:00 Friday: 00:00-04:55 06:00-24:00 Saturday: 00:00-04:45 Monday: 06:00-24:00 Tuesday: 00:00-04:55 06:00-24:00 Wednesday: 00:00-04:55 06:00-24:00 Thursday: 00:00-04:55 06:00-24:00 Friday: 00:00-04:55 06:00-24:00 Saturday: 00:00-04:45
    Settlement time Summer and today: 5 o'clock is the closing time Winter time: 6 o'clock is the settlement time Summer and today: 5 o'clock is the closing time Winter time: 6 o'clock at the end

    Customer Service

    Customers can visit their office or get in touch with customer service line using the information provided below:

    Telephone: +852 23927848

    Email: cs@rlc9000.com

    Address: Flat F, 10/F, Comfort Building, 88, Nathan Road, Tsimshatsui, Kowloon, Hong Kong

    10/F Blk F Comfort Building, 86-88A Nathan Road, Tsimshatsui, Hong Kong

    Pros Cons
    • 24/7 service available
    • No live chat
    • Personalized support
    • No multilingual support
    • No social media presence

    Note: These pros and cons are subjective and may vary depending on the individual's experience with RLC's customer service.

    Conclusion

    In conclusion, RLC facilitates the trading of precious metals, specifically London silver and London gold. It offers MT4 where traders can buy, sell, and manage their positions in these metals. In terms of regulation, it is regulated by the Chinese Gold and Silver Exchange Society (CGSE), ensuring compliance with regulatory guidelines and providing traders with a secure trading environment. However, there are some reports of unable to withdraw and scams about RLC. Traders should keep careful when trading.

    Frequently Asked Questions (FAQs)

    Q 1: Is RLC regulated?
    A 1: Yes. It is regulated by CGSE .
    Q 2: How can I contact the customer support team at RLC?
    A 2: You can contact via telephone, +852 23927848 and email, cs@rlc9000.com.
    Q 3: Does RLC offer demo accounts?
    A 3: No.
    Q 4: Does RLC offer the industry leading MT4 & MT5?
    A 4: Yes. It supports MT4.
    Q 5: Is RLC a good broker for beginners?
    A 5: Yes. It is a good choice for beginners because it is regulated well and offers various precious metals with competitive trading conditions on the leading MT4.
    Q 6: At RLC, are there any regional restrictions for traders?
    A 6: Yes. RLC does not provide services to citizens/residents of certain jurisdictions including Canada, Cuba, Iran, Iraq, Japan, Myanmar, North Korea, Sudan, Syria, Turkey and United States.

    User Reviews

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    3

    Comments

    Write a review

    FX3559957355
    more than one year
    Junk platform, watch the market, open the market table, freeze for more than 30 seconds, and the closing of positions is often delayed
    2022-10-17 19:07
    Reply
    0
    0
    FX3559957355
    more than one year
    I can't withdraw money. The reservation said that it will arrive in 24 hours, but after 24 hours, I contacted the customer service and said to wait patiently. Seriously doubt the integrity, it is not trustworthy
    2022-10-07 16:30
    Reply
    0
    2
    FX3226593561
    more than one year
    Quick withdrawal, second order
    2022-10-07 09:52
    Reply
    0
    0
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