Are you planning to trade with Ravefxtrades broker? Or you have already invested money and want to know that Ravefxtrades is legit or scam? Read this Ravefxtrades Review written by Scam Helpers’ experts.
Ravefxtrades Review – How safe is to invest here?
Scam Helpers Team which has done a lot of work in researching for Ravefxtrades Review, advises investors not to invest in Rave Fx Trades, as it is suspected to be a potential scam broker. It is advised to first look at what other people are saying about the company you wish to invest in to prevent being conned by an investment scam plan.
After conducting some research on investing forums and social media platforms, we learned that many people had negative experiences with Ravefxtrades and left conflicting opinions about it. You should examine it before making an investment because it appears that Rave Fx Trades is an unreliable investment company. Read a complete Ravefxtrades review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.
Address: Sacramento, CA 821001, USA
Warning: Malta Financial Services Authority (Malta)
Ravefxtrades is advertised as a genuine forex and CFD broker, as well as a cryptocurrency mining business, and it asserts to be licensed in nearly every significant market, including Canada, Malta, Canada, Denmark, the US, the UK, France, Germany, Italy, and Spain, to name just a few.
Additionally, according to Ravefxtrade’s transactions, managed trading accounts are available. With one of these accounts, you can sit back and watch your account balance increase as a special artificially intelligent trading bot executes deals on your behalf.
If it weren’t for a few small facts, such as the reality that the website’s claimed licenses are all false and that it has previously been identified as a scam by the Malta Financial Services Authority, the offer would appear to be genuinely great at first glance. Not to add that, by virtue of the implicit conflict of interest, any broker who offers account management services is by definition running a clear scam. That will be addressed later in our assessment.
We are here to expose this broker by providing this Ravefxtrades review and share with you the reason for presenting this Rave Fx Trades review.
Proofs that Ravefxtrades is a scam
Investment scams such as Forex trading scams, Binary scams, Crypto scams and others are hard to spot. But still there are many signs why Ravefxtrades.com is suspected as a scam broker. Let us read them,
After taking a look at their website, we found numerous warnings that should be enough for you not to invest in them. Some of the reasons why we include Rave Fx Trades as an unsafe broker.
Regulation And Safety Of Funds
Being an unregulated firm is the worst thing, and it makes you an exploitative cheat. Ravefxtrades is a scam, and your money is at risk.
By investing your money in an unregulated and unlicensed broker, you are indirectly putting your funds in danger. For that reason, we ask our readers to invest with brokers who have licenses from authorities like FCA, ASIC, FMA, etc. Authorized brokers are covered by many prerequisites, and a large number of them apply anti-fraud practices. As such, they are the specific inverse of what these brokers and others like them represent.
Deposit And Withdrawal Methods And Fees
There is a reason why these fraudsters, as well as many other scammers, would frequently advise you to deposit in cryptocurrency. You cannot get a chargeback on such transactions because they are entirely irreversible and all of them are recorded in a ledger that cannot be modified later. Depositing money with scam brokers is therefore, rarely a good idea. If you have already invested your money with Ravefxtrades.com, you should immediately ask for a withdrawal as your money is not safe with an unregulated broker.
With Ravefxtrades, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint.
Customer Ravefxtrades Reviews
Scam Helpers found that Ravefxtrades got negative customer reviews and ratings on all other sites, and also got low trust scores among users. With this review and after reading all the negative and positive Ravefxtrades reviews, we found that this broker is not regulated and might be a potential scam broker. To avoid these scams, we provide a list of scam brokers 2023 on our website.
Commitments of Ensured Benefits
Any moneymaking promises in the financial market come with a risk. Some brokers will attempt to let you know that their financier can assist you with turning ensured benefits when you utilize their platform.
If you get attracted by such brokers, there’s a chance of getting scammed by them.
How does Ravefxtrades Scam Work?
Scammers use many tricks in order to give you the idea that you are earning money easily and rapidly, fraudsters frequently send you some returns first. They can acquire your trust in this way. To extract as much money as they can from you, they frequently ask you to make more investments or to recruit family members and friends to do the same.
They will suspend or close your account when they believe you are unable to invest any more money in the fraud, and you won’t likely hear from them again. In order to appear trustworthy in the eyes of potential customers, many scam companies falsely state that they are headquartered in a regulated jurisdiction by using fictitious locations and regulation licenses.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is Ravefxtrades broker Legit or a scam: Conclusion
It is clear from Ravefxtrades review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from Rave Fx Trades and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Scammed by Ravefxtrades? Scam Helpers can help
If you are a victim of Ravefxtrades scam, or other scams like forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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