Continuation of FxWinning? Exposing Scam Broker RBFX PRO

Within the dynamic realm of forex trading, an enticing battleground for both seasoned investors and opportunistic scammers, equipping with the knowledge needed to navigate the hazardous landscape is important. This article exposes the tactics employed by the fraudulent trading platform RBFX PRO, offering insights on safeguarding your finances.

RBFX PRO - A Quick Overview

Based in Vanuatu, RBFX PRO Limited provides investors with trading instruments including Forex & Index CFDs, precious metals, and cryptocurrencies, offering the MetaTrader 4 platform. The broker claims to provide the best execution quality to ensure that orders are executed instantly within a reliable environment, stating that traders can enjoy instant deposits and fast withdrawals, and their 24/5 multilingual support team is always available for each one of their traders. It also promises low spreads, transparency, and greater flexibility when handling transactions.

Is RBFX PRO Regulated?

According to its website, with a registered office in Vanuatu, RBFX PRO says that it is regulated by the Vanuatu Financial Services Commission (VFSC) under License Number 14550. However, no matching licensing result can be found in the VFSC's List of Licensees. The truth is that RBFX PRO is not granted a license by the VFSC and is not regulated by any regulators. 

Clientele Feedback

According to clients' feedback, RBFX PRO is scamming investors. Clients consider the broker as a Pyramid or Ponzi scheme. What's more, they note that FX Winning, a defunct scam broker, transferred to the platform to continue executing a scam. 

FxWinning was warned by several financial regulators and carried complaints from traders regarding its fraudulent practices, and it announced that their service would cease on June 22, 2023.

Such being the case, the possibility of the RBFX PRO team being the same fraud group as FxWinning may not be ruled out.

A Dysfunctional Website

When clicking on "Start Live Chat" on the RBFX PRO website, the page jumps back to the homepage without showing the customer support chat page, and the same is true when clicking on "Open Trading Account"; when clicking on "REGISTER" and "LOGIN", it just directs to an inaccessible page.

In addition, the broker only boasts of its innovative capabilities and high-quality, reliable services, without providing specific information on its trading accounts and trading conditions.

Bottomline

Given the established fact that RBFX PRO is not regulated and the allegations of fraud by clients, RBFX PRO is an absolutely fraudulent broker. Always conduct thorough research and choose a regulated broker with a solid reputation to safeguard your investments and financial security.

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