|

News

    Home   >     Original    >     Main body

    RCPro Turned Investor’s Hope of Making Profits into Heavy Losses

    Abstract:Despite all the forex scams being exposed on media everyday, many investors still dive into the forex market with the hope of making profits; yet blinded by temporary gains they may unconsciously fall into traps. Recently, an Arabic investor filed a complaint against RCPro and told WikiFX how this illegal broker swindled his deposits.
    900-510-英.jpg

      Despite all the forex scams being exposed on media everyday, many investors still dive into the forex market with the hope of profiting; yet blinded by temporary gains they may unconsciously fall into traps. Recently, an Arabic investor filed a complaint against RCPro and told WikiFX how this illegal broker swindled his deposits.

      I‘m a member of the working class and work hard everyday for the petty salary. As I’m getting old, I got this idea to make a good fortune and then quit the job. I learned about RCPro and got involved by chance, but the incident eventually led to a trap.

      A month ago, I started browsing websites about personal finance and investment and left my personal contact in order to get more information. And soon I got a call from someone who claimed to be an agent of RCPro. He introduced me the highlights of investing at their company and promised I would make much money if I signed up. Though not very interested at first, I was persuaded after talking to him over the phone and decided to try my luck by depositing some money.

      Much to my delight, profits flowed into my trading account everyday and it wasn‘t long before my balance multiplied by dozens to US$50,000. But when I was ready to pocket the gains by withdrawing part of my balance, my withdrawal application was rejected by the broker. I tried again and again, but all my attempts failed and my account was later suspended. Feeling anxious and desperate, I kept on calling the agent and the broker’s customer service, but my calls never went through; neither were my email inquiries answered by the broker, and up till now RCPro remains out of reach.

    1-1.jpg
    Investor’s application to withdraw US$20,000 was rejected

    1-2.jpg
    Another application to withdraw US$5,000 was also turned down

      Conclusion

      Per investigation, WikiFX found that RCPro has been in business for less than a year and uses white-label MT4/MT5 trading software, bearing substantial risks. WikiFX reminds investors that before choosing a broker, you can use WikiFX App to check its regulatory information, as well as whether it has been exposed or complained before.

    2-英语.jpg

    RCPro is using MT4/5 software

      As many scam brokers are especially active before the Lunar New Year, investors also need to stay wary when investing and be careful about revealing your personal information. Dont trust brokers that claim you can make a fortune overnight, lest your hope of profiting turns into heavy losses.

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Convertible Amount
    -- United States Dollar
    Risk Warning

    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.

    ×

    Select Country/Area