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It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
The BelizeFSC regulatory (license number: 000261/158) claimed by this broker is a suspicious clone, please be aware of the risk!
EVERYTHING INDICATES THAT IT IS FRAUD. WATCH OUT!
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
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The Financial Services Commission (FSC) is the regulatory body for non-bank financial services in Belize, particularly for those services provided by entities licensed or registered under the Financial Services Commission Act, Cap. 272 and the Securities Industry Act, 2021 (SIA). The Financial Services Commission (FSC) is a independent self-financing statutory body that provides service oriented, continuous, risk-based approach regulation, that is built on integrity, accountability, adaptability & reliability.
Current Status:Suspicious Clone
License Type:Retail Forex License
Regulated in Country/AreaBelize
Regulatory License No.：000261/158
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Suite 404, The Matalon, Coney Drive, Belize City, Belize, C.A.
Phone Number of Licensed Institution :5012236910
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
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.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.