Despite RXK Capital’s best efforts to masquerade as a trustworthy broker, their offshore registration and lack of a valid forex license make it impossible for them to persuade us that they are really legitimate. Not to mention that the website is virtually anonymous due to it being registered offshore. You should agree that if you cannot confirm the identity of the broker in the registers of any official regulatory institution, you simply have no reason to believe anything the broker may claim, including whether or not its alleged corporate address is real. Therefore, you should think again and read the following paragraphs if you are still contemplating the notion of trading different currency pairs, precious metals, equities, indices, soft and energy commodities, and crypto coins on the allegedly award-winning, best-in-class platform of RXK Capital.
Is RXK Capital a Licensed Broker?
It is absolutely untrue for RXK Capital to state that they are “allowed to onboard traders in different countries throughout the globe” as an FX and CFD brokerage.
The case of RXK Capital is a little odd because, although they acknowledge in the “Regulations” section of their presentation that they are currently unregulated, you shouldn’t worry about trading with them because they still adhere to “all the necessary regulatory obligations,” as do all brokers who are duly regulated.
Why Should Not You Trust an Unlicensed Broker?
You run the danger of losing all of your money if you fall for a scam to open an account and fund it with an unlicensed broker, not because you made poor trading selections, but rather because you won’t be able to withdraw even a single penny.
Warnings From Financial Regulators
RXK Capital is a fraudulent broker that leads people on by falsely claiming that their authorization is in the process of being processed. Aside from that, its offer is very similar to that of fraudulent brokerage services.
Leverage and conditions
Although the spreads that we saw on the web-based platform of RXK Capital appeared to be quite appealing, beginning as low as 0.2 pips, this in no way changes the fact that the website does not have a legitimate forex license and has no credibility at all.
When it comes to the maximum leverage, the website claims that it can go as high as 1:500, but again, given the fact that the website is not to be trusted for reasons that are self-explanatory, this claim should not be trusted.
Minimum Deposit and Withdrawal Terms of RXK Capital
The website claims that the minimum deposit amount is just $250 USD, but it “highly suggests that you attempt to invest at least $2500 +” or something along those lines. Just keep in mind that most brokers would typically additionally need a deposit of about $250 USD.
Platform Offered by RXK Capital
As we’ve already mentioned, RXK Capital claims to offer a best-in-class, award-winning trading platform, but the overly simplistic web trader we were presented with after completing our registration hardly qualifies in that sense.
Victim of RXK Capital Scam? Report Your Story To Us.
If you are a victim of the RXK Capital scam, just submit a report to us. We will provide you with a free consultation and also guide you on how to recover the stolen money.
If you have lost money to companies like STB Markets, Joywealth, or FXLiveCapital, please report it today by bellow form.
File A Complaint Against Scam Brokers
Ways to Make a Deposit
When we attempted to make a payment, we were told to wait for our account manager to contact us for further instructions. Despite the fact that RXK Capital claims that you can fund your account using Visa, Mastercard, and bank wire transfers, we were unable to verify this information because we were given the same message.
Country Serving by RXK Capital
They are currently operating in Germany, Sweden, and UK.
What Do Traders Think Of RXK Capital?
Previous clients are not happy with RXK Capital They provided several bad reviews and comments on different social media and forums.
Final thoughts
Don’t fall into the scam trap of RXK Capital after reading this review. Be alert and be safe with your investment.
FAQ:
Is RXK Capital trusted?
No, RXK Capital cannot be trusted in a single aspect.
What is the problem with an unregulated broker?
Since they are well hidden behind fictitious offshore companies, you have no chance of finding the real owners of an offshore broker and taking them to court.
Is it possible to recover my scammed money?
Yes, if you report to us, we can help you on recovering your lost money.
Can MT4 trades be faked?
Yes, although not as often as you would assume. A broker could wish to create a bogus MT4 account for a few different reasons. They seek to defraud novice traders who are ignorant, which is one of the main motives.
How do I know if a forex broker is real?
If they hold a legit license and fall under regulations, they are real.
