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REVO TRADE

United States|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.revotrade.com/

Website

Rating Index

Contact

+1(784)433-6641
enquiries@revotrade.com
https://www.revotrade.com/

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

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Contact number

English

+1(784)433-6641

Broker Information

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Company Name

REVO TRADE

Company Abbreviation

REVO TRADE

Platform registered country and region

United States

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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REVO TRADE · Company Summary

Note: REVO TRADE is to operate via the website - https://www.revotrade.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument forex, etc.
Account Type Cent (Micro) & Standard & Raw Spread
Demo Account N/A
Maximum Leverage 1:500
Spread Cent (Micro): from 2.0 pips | Standard: from 1.0 pip | Raw Spread: from 0.0 pips
Commission N/A
Trading Platform MT4 & MT5
Minimum Deposit N/A
Deposit & Withdrawal Method cryptocurrency

REVO TRADE is allegedly a forex broker registered in the United States that claims to provide its clients with leverage up to 1:500 and floating spreads from 0.0 pips on the MT4 and MT5 trading platforms via three different live account types.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, minimum deposit, etc.

As for regulation, it has been verified that REVO TRADE currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.37/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

REVO TRADE advertises that it is a forex broker that mainly offers forex currency pair trading.

Account Types

REVO TRADE claims to offer three types of live trading accounts, namely Cent (Micro), Standard and Raw Spread. However, the broker says nothing about the minimum initial deposit requirement to open an account.

Leverage

The maximum leverage ratio provided by REVO TRADE is up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

All spreads with REVO TRADE are a floating type and scaled with the accounts offered. Specifically, the spread starts from 2.0 pips on the Cent (Micro) account and 1.0 pip on the Standard account, while only the Raw Spread account holders can enjoy raw spreads from 0.0 pips.

Trading Platform Available

The platform available for trading at REVO TRADE is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and MetaTrader5. The MT4 and MT5 are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Deposit & Withdrawal

According to the information on the Internet, we found that REVO TRADE appears to only accept cryptocurrency deposits and withdrawals.

Deposit & Withdrawal

Customer Support

REVO TRADEs customer support can be reached by telephone: +1(784)433-6641, email: enquiries@revotrade.com. Company address: C/o Suite 305, Griffith Corporate Centre, Beachmont, Kingston, St. Vincent & Grenadines.

Pros & Cons

Pros Cons
• variable spreads from 0.0 pips • No regulation
• MT4 & MT5 supported • Website inaccessible
• Only cryptocurrency payments accepted

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.

Frequently Asked Questions (FAQs)

Q 1: Is REVO TRADE regulated?
A 1: It has been verified that REVO TRADE currently has no valid regulation.
Q 2: Does REVO TRADE offer the industry-standard MT4 & MT5?
A 2: Yes. Both MT4 & MT5 are available at REVO TRADE.
Q 3: Does REVO TRADE charge a fee?
A 3: Like every forex broker, REVO TRADE charges a spread fee. While the information on other fees like commissions, deposit & withdrawal processing fees are missing.
Q 4: Is REVO TRADE a good broker for beginners?
A 4: The REVO TRADE brokerage is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

User Reviews

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FX1378302353
more than one year
REVO TRADE is a cold scammer. I've been scammed out of nearly $10,000! They deceived investors by giving false trading signals, which caused me to lose a lot of money. I really regret it now, but it's too late. I'm kind of desperate for the forex industry and have no desire of trading here right now.
2023-03-20 10:19
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帮我起个名字吧
more than one year
Why can't REVO TRADE's website be opened? Fortunately, I haven't seen anyone saying that they were scammed by it. Maybe it wasn't a scammer and just went out of business? Is it possible?
2023-03-10 14:57
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