Beware! R-fxinvestment is an offshore broker! Your investment may be at risk.
R-fxinvestment Key Facts
🔴 R-fxinvestment offers questionable high-yield investment opportunities – a clear sign of a scam!
🔴 R-fxinvestment is faking crucial contact information – beware!
🔴 R-fxinvestment lack the appropriate license for the provision of its services – a huge red flag!
🔴 R-fxinvestment's domain has been registered only recently – another off-putting detail!
R-fxinvestment products and services
R-fxinvestment is another in an endless tide of investment scams that is sweeping over the internet – they work by soliciting investments with unrealistic promises of incredible returns – in the case of R-fxinvestment that is the promise to double your $500 deposit with the company – something that not even the biggest investment firms out there are able to guarantee their clients.
People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.
R-fxinvestment company and regulation
R-fxinvestment provides us with the claim that it is licensed to operate in Cyprus. The body that determines whether that is the case is the CySEC – it issued licensed to such companies. We looked R-fxinvestment up on the CySEC database and got no results – therefore we can only conclude it to be unlicensed.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
R-fxinvestment address and contacts
R-fxinvestment has given us the following contact information – an address from Canada (The Exchange Tower 130 King Street West Toronto Ontario Canada) and a phone number (+1 (917) 473-2628). However, it is a trademark of such investment scams to provide false addresses and R-fxinvestment is no different – it is not licensed to operate in Canada. Additionally, phone numbers can be generated by the hundred so the one provided can not be used as a tangible means of contacting R-fxinvestment.
Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.
R-fxinvestment website info
R-fxinvestment's website has been created on the sixth of June 2020 – this is not a long time ago and in general recent domains are seen as a huge red flag.
R-fxinvestment's domain is also hosted on an IP address from the States – 104.219.248.113, co-hosting over two thousand other domains. This IP is connected to more scammers, the reviews for which can be seen below:
| ExcessBitcoin | R-fxinvestment | GlobalCapitalLimited |
R-fxinvestment's website does not even rank on popularity indexing services like SimilarWeb – a sure sign we are dealing with a scam.
The owner of the website does not wish to be known either – with them using WhoIs lookup protection services against queries. While this is common among website owners, R-fxinvestment should be held to a higher standard of accountability, as we mentioned above.
Scam warning
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.