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Keep asking me to deposit, but no withdrawal. The account can trade normally, but they do not withdraw nor review. I feel to be scammed. Their website cannot be opened. I see this via license.
This website is hosted in a high risk country. High-risk countries are countries identified by the International Banking Federation as countries with a high level of fraud and corruption. Many developing countries are considered high risk. We consider the country of origin in our algorithm, but other factors found (such as the products offered on the site) may lead to a low score, no valid SSL certificate could be verified. This is usually a bad sign. An SSL certificate secures communication between your computer and the website. If there is not, the communication is not secure. Only if you never have to enter data (like login or fill out a form), an SSL certificate is not really essential
General Information & Regulation
Founded in 2009, Redromanticwealth is a Belize registered forex broker. Although Redromanticwealth claims that it is authorized and regulated by the Belize International Financial Services Commission (IFSC) (license number: 000261/158), but no result is found on the IFSC website, which means Redromanticwealth is actually an unregulated broker.
In terms of tradable financial instruments, Redromanticwealth offers trading in forex currency pairs, commodities, indices, metals and energy.
In terms of minimum deposit, Redromanticwealth does not make this part clear.
The maximum trading leverage offered by Redromanticwealth is up to 500:1, which is considered high. Since leverage can magnify returns as well as potential losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Redromanticwealth claims that it offers variable spreads, as low as 0.0 pips, but does not specify spreads on particular instruments. This is obviously an advertisement used by Redromanticwealth to attract new traders instead of real trading conditions.
Trading Platform Available
Redromanticwealth offers MT5 trading platform (available in PC/MAC, Tablet, Mobile devices). MT5 features include:
Multi-asset investment platform with more than 100 trading varieties
100 charts can be displayed at the same time
Support all order types, including current orders, pending orders, stop-profit and stop-loss and trailing stop-loss
More than 80 technical indicators and 40 analysis tools
Excellent built-in MQL5 development environment
Multi-currency tester and alarms
Deposit & Withdrawal
Redromanticwealth does not disclose what payment methods it supports. In most cases, most brokers allow traders to fund their accounts through Credit Cards, wire transfer, Skrill and Neteller.
Redromanticwealth allegedly offers 24*7 customer support service, and they say they can be reached through online chat, but its online chat is not real-time, you need to fill in some information and then wait to be connected.
London peak trading hours – 8 am GMT to 5 pm GMT; Euro, British pound and U.S. dollar are the most frequently traded currencies.
U.S. peak trading hours – 1 pm GMT to 10 pm GMT; US dollar, euro, British pound, Australian dollar and Japanese yen are the most frequently traded currencies;
Peak trading hours in Asia-from 10 pm GMT on Sunday afternoon to the start of European trading, around 9 am GMT; not suitable for day trading.
Redromanticwealth does not provide services to residents of certain countries/regions, such as the United States, Canada, Israel, and the Islamic Republic of Iran.
Platform registered country and region
5 Cork Street, Belize City, Belize, Central America
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