RFXoption Key Facts
🔴 RFXoption offers questionable investment opportunities – a clear sign of a scam!
🔴 RFXoption does not provide actual contact information – beware!
🔴 RFXoption lack any license for the provision of its services – a huge red flag!
🔴 RFXoption's domain has been registered only recently – another off-putting detail!
RFXoption products and services
RFXoption is another shady company that offers incredibly profitable investment plans – in the case of this particular one, they include profits of at least 9 times your deposit – RFXoption claims to be able to net you $4000 with a measly $400. This is clearly impossible to achieve.
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.
RFXoption company and regulation
RFXoption provides us with a certificate of incorporation with the UK Companies House – however, that certificate is in the name of another company. And even if it weren't the House does not license companies like RFXoption – that is the job of the FCA, so the document is simply not the appropriate license for RFXoption to provide its services.
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.
RFXoption address and contacts
RFXoption does not provide us with the bare minimum when it comes to contact information – a physical address. It has only given us a phone number, +12244078567, that is most likely automatically generated using specific software.
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.
RFXoption website info
RFXoption's website has been registered in late November last year – how did it manage to be the recipient of 170 awards as it claims, then? Simple, it did not and it is not.
RFXoption's domain is hosted on an IP address from the States – 198.54.126.106. This address co-hosts 428 other domains, none of which connected to RFXoption as far as we could tell.
What's more, the domain is staggeringly unpopular, with SimilarWeb not even indexing it. This is the final nail in the coffin of RFXoption's claims to be a world renowned institution.
The owners of the website have shielded themselves from WhoIs lookups – this desire to remain anonymous could mean that they are trying to dodge responsibility for the scam they are running.
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.
Estephana Coichy
I invested $300 dollars they claim I will make $3000 and I suddenly saw $10000 I asked them why I’m seeing $10,000 they say my withdrawal was over due a $700 jackpot fell on my trade I had to send $700 dollars to withdraw $10,000 dollars and now they took my money and gone.
Nomfundiso
I invested $100 they claim I will make $1000 now after they trade it in a week it shows me that I have $1000 on my platform trading accounts and I asked them what to do they said I can withdraw that $1000 but they said for my transaction to be successful I have to pay 20% of what I earn which is $200 for them to transfer that $1000 to my account, for me it doesn’t sounds real because I ask them to deduct there 20%from that $1000 they’re refusing saying that I have to deposit to company accounts for the to release that $1000
Tumelo Gabonowe
I invested $125 and they are saying I must top up with $275 to meet the minimum investment.I became suspicious when the account manager was not even aware about the company’s minimum deposit change. They later blocked me after I asked for a refund
Jurly princess
SCAM ALERT!!! You a big frude & thief you will go punish for lying I remember you the one who trick Mr Lucianno & took $75 from him to refund back saying exodus wallet limit transfer is $100 u have only $25 then later retook $175 saying lies fool, he posted you reported and all the conversation even the proof am looking for you as well you text everyone in his page you wanted to scam us all to ur own site we find out from telegram group u text me am @juryl princess I nearly fell 4 u now u started u are a big frude from Botswana fool .. you will see your life will be miserable for fruding if this comment you put here is a lie I raise you a course today for scamming a good man
Merit Brenton
I really wanna appreciate you mr Lucianno Santana for the profits made you really save a 57 year’s old lady god bless