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    Redromanticwealth

    • Belize Belize
    • Within 1 year
    • Suspicious Regulatory License
    • Non MT4/5 Software
    • Suspicious Scope of Business
    • High potential risk
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    • 5 Cork Street, Belize City, Belize, Central America
    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Get it for free

    Broker Information

    Company Name

    Redromanticwealth

    Phone of the company

    --

    Customer Service Email Address

    --

    Company address

    5 Cork Street, Belize City, Belize, Central America

    Pyramid scheme complaint
    Expose

    Redromanticwealth

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    Financial Services Commission

    Financial Services Commission (FSC)

    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.

    • Licensed Institution :

      XM Global Limited

      Effective Date :

      --
    • Email Address of Licensed Institution :

      support@xmglobal.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.xm.com/global

      Expiry Date :

      --
    • Address of Licensed Institution :

      Suite 404, The Matalon, Coney Drive, Belize City, Belize, C.A.

      Phone Number of Licensed Institution :

      5012236910
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3

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    Redromanticwealth

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    Redromanticwealth
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    Redromanticwealth · Company summary

      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.

      Market Instruments

      In terms of tradable financial instruments, Redromanticwealth offers trading in forex currency pairs, commodities, indices, metals and energy.

      Minimum Deposit

      In terms of minimum deposit, Redromanticwealth does not make this part clear.

      Leverage

      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:

      ž Multi-asset investment platform with more than 100 trading varieties

      ž 100 charts can be displayed at the same time

      ž Support all order types, including current orders, pending orders, stop-profit and stop-loss and trailing stop-loss

      ž More than 80 technical indicators and 40 analysis tools

      ž Excellent built-in MQL5 development environment

      ž 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.

      Customer Support

      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.

      Trading Hours

      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.

      Restricted Regions

      Redromanticwealth does not provide services to residents of certain countries/regions, such as the United States, Canada, Israel, and the Islamic Republic of Iran.

    Risk Warning

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    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.