RSQTrade

General Information

In our perspective, RsqTrade is the definition of an unreliable broker. We won't hold back in saying that it screams illegitimacy from every angle. The website is the first thing that stands out, and it is a near-exact replica of that of hundreds of other unlicensed brokers. Here, just the company's name and logo stand out.

Regulation

This company's contact information is in the UK, which is far away. Such a brokerage would never be accepted by the UK's FCA. It would go against their core values.

Apart from the aforementioned, RsqTrade doesn't say anything. Actually, it's rather anonymous when it comes to these things. The biggest disadvantage of RsqTrade is that it is UNREGULATED and a danger to all investors. here we can see that WikiFX only gives this broker a very low score of 1.32/10.

Spreads

The EUR/USD spread was restricted to 3 pips, which is not at all advantageous for traders. Users are forced to accept this cost of trade because there is no method to modify an account, which means that they cannot profit from it.

Leverage

The maximum leverage is 1:400. Commodities, foreign currency pairings, indices, stocks, and cryptocurrencies are the available trading assets.

Trading Platform

A typical unregulated brokerage trading software is included here. This one uses browser-based trading software, which fraudsters most frequently employ. Stop-loss, take-profit, time frames, price alerts, and one-click trading were found to be software features. There isn't much else to say than these.

This is one of the most popular internet broker scams, as was previously stated. Its genuine intention is to provide the appearance that RsqTrade is a trustworthy broker.

Deposit & Withdrawal

Depending on the user's area, the deposit methods include PayGuru and credit/debit cards. The minimal investment needed is €240. This, not the information on the website, is the accurate deposit information. On their websites, scammer brokers may make false statements or outright lies regarding their payment terms.

There is a $100 minimum withdrawal requirement and a 0.5 percent withdrawal fee, according to the terms and conditions. If the proportion is less than 30%, the consumer will be charged the full $30. Additionally, withdrawal processing takes about 5 days. However, as RsqTrade is not registered, there is little probability that this would allow customers to withdraw any money. Once more, the majority of the withdrawal statistics were gathered from the website, thus they might not be accurate or even close to the reality.

Customer Support

Clients with any inquiry or trading-related issues can get in touch with RsqTrade through the following contact channels:

Telephone: +27105348058

Email: support@rsqtrade.com

Company Address: Nova North, Bressenden Place, London, SW1E 5BY

Pros & Cons