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RealDot FX, also known as RealDotCapital.com, is an offshore brokerage that promises a lot of services to forex traders. The company claims to offer crypto investment services to their clients and promises to provide different instruments like forex, stocks, commodities, crypto, bonds, and indices. However, before you consider using this platform, it’s essential to look at some of the key features and drawbacks of RealDot FX.
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Regulation and Licensing
One of the primary concerns about RealDot FX is its regulation and licensing. The broker claims to have a registered address in London, United Kingdom, but there is no evidence of any regulation from the UK’s financial regulator, the Financial Conduct Authority (FCA). The FCA provides extensive information about each licensed broker, but a search of the register shows that RealDot FX is not authorized to provide investment services.
Moreover, the broker claims to have an operational address in India, but there is no information about the company. The lack of information about the broker’s operational address in India further raises concerns about the legitimacy of RealDot FX.
Minimum Deposit for Traders
RealDot FX offers an account for every type of trader, including ECN, Elite, and PRO. The broker indicates that the minimum deposit for each account type is $1, which may seem affordable. However, with an illegitimate broker, it is a significant risk. Licensed FX brokers usually clearly spell out their regulations and license credibility without any string of fraud. Clients can start trading with as low as $100 with the assurance of their trading funds.
RealDot FX claims to accept payment methods like Bank wires, Skrill, and Credit/Debit cards. However, when we tried to fund an account, it turned out that Bank Wires are the only viable option. Additionally, offshore brokers are commonly known for accepting cryptocurrencies. Payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. Therefore, traders need to be aware of this risk when using such a platform.
RealDot FX claims to offer the industry standard MetaTrader 5 (MT5) platform. While the presence of a good platform does not guarantee a broker’s credibility, reputable brokers usually offer advanced trading platforms like MT4/MT5. These platforms provide real-time quotes, financial news, various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots called Expert Advisors.
However, using an illegitimate forex broker like RealDot FX with an advanced trading platform like MT4/MT5 is risky. Traders stand a chance of losing their money due to the broker’s unregulated activities.
Pros and cons on realdotcapital.com
here are some pros and cons of Realdotcapital.com as a forex broker:
- Multiple Instruments: Realdotcapital.com offers a wide range of trading instruments, including forex, stocks, commodities, crypto, bonds, and indices. This can provide traders with the opportunity to diversify their portfolios and potentially increase their profits.
- Low Minimum Deposit: The minimum deposit required to open an account with Realdotcapital.com is only $1. This can make it easier for traders with limited funds to get started with forex trading.
- MT5 Platform: Realdotcapital.com offers the industry standard MetaTrader 5 (MT5) platform. This platform is known for its user-friendly interface, advanced charting tools, and algorithmic trading capabilities.
- Bonus Offers: Realdotcapital.com offers various bonus offers to its clients, including a 100% deposit bonus for new clients. While these bonuses can be enticing, traders should be aware that they often come with strings attached and can make it harder to withdraw profits.
- Lack of Regulation: Realdotcapital.com claims to have a registered address in London, UK, but it is not authorized to provide investment services by the UK’s financial regulator, the FCA. This lack of regulation can make it difficult for traders to trust the broker and may put their funds at risk.
- Limited Payment Options: Realdotcapital.com only accepts bank wires, Skrill, and credit/debit cards for deposits. This can be a drawback for traders who prefer to use other payment methods, such as e-wallets or cryptocurrencies.
- No Money Back Guarantee: Realdotcapital.com does not offer a money-back guarantee, which means that traders may not be able to recover their funds if they are unhappy with the broker’s services or suspect that it is a scam.
- High Leverage: Realdotcapital.com does not disclose its leverage cap, but it is believed to be up to 1:500. While high leverage can increase potential profits, it also amplifies the risks of losses, especially for inexperienced traders.
In conclusion, while Realdotcapital.com has some advantages, such as a low minimum deposit and a variety of trading instruments, its lack of regulation and limited payment options can be major drawbacks for traders. Traders should always be cautious when dealing with unregulated brokers and do their due diligence before depositing funds with any broker.
In summary, RealDot FX or RealDotCapital.com appears to be a trustworthy trading broker based on its website layout and promises to clients. However, the lack of regulation and licensing from any financial authority and the absence of a money-back guarantee are significant red flags. Traders must avoid unlicensed brokers like RealDot FX as they are likely to be a platform run by scammers. It is advisable to use licensed and regulated brokers like Fortrade, which is regulated and licensed by the FCA, ASIC, NBRB, CySEC, and IIROC. This ensures the safety of traders’ funds and reduces the risk of fraud.
Realdot FX, also known as realdotcapital.com, is a forex broker that promises a lot of benefits for traders. The company claims to offer crypto investment services to their clients, as well as a variety of instruments including forex, stocks, commodities, crypto, bonds, and indices.
However, upon further investigation, there are some red flags that traders should be aware of before investing their funds with Realdot. First, the broker claims to have a registered address in London, United Kingdom, but upon checking with the Financial Conduct Authority (FCA), the regulatory body in the UK, it was discovered that the broker is not authorized to provide investment services. This lack of regulation and oversight is a cause for concern for any trader looking to invest their funds with a broker.
Additionally, Realdot claims to have an operational address in India, but there is no information available about this location or the company’s activities there. The lack of transparency and information about the company’s operations is another red flag for traders.
Another issue with Realdot is the lack of a money-back guarantee. Trading with an unregulated and unlicensed broker like Realdot puts your funds at risk of being lost or stolen, and without the protection of a money-back guarantee, traders may find themselves without recourse if something goes wrong.
Furthermore, while Realdot claims to accept a variety of payment methods, including bank wires, Skrill, and credit/debit cards, it was discovered that bank wires were the only viable option when attempting to fund an account. Offshore brokers like Realdot are also known for accepting cryptocurrency payments, which are anonymous and cannot be traced to a specific person, making them a risky method of payment.
In terms of trading software, Realdot claims to offer the industry standard MetaTrader 5 (MT5) platform. While a good platform can be an asset for a broker, it does not guarantee that the broker is trustworthy or legitimate. In the case of Realdot, the lack of regulation and oversight raises questions about the safety and security of the platform.
Ultimately, the lack of licensing and regulation is the biggest concern for traders considering investing with Realdot. While the company may promise a variety of benefits and attractive features, the lack of oversight and protection for clients’ funds make it a risky choice for any trader.
Instead, it is recommended that traders opt for a licensed and regulated broker like Fortrade, a UK-based broker with an address in London. Fortrade is among the best brokers in the industry, offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. The broker is regulated and licensed by the FCA in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus, and IIROC in Canada, making client funds safe and secure.
In conclusion, while Realdot FX may appear to be a trustworthy trading broker, the lack of regulation and oversight makes it a risky choice for traders. It is important for traders to carefully research any broker they are considering investing with and to opt for a licensed and regulated broker like Fortrade to ensure the safety and security of their funds.