RevolutExpert broker - fraudsters. Forex scams review
Online broker RevolutExpert, operating in Britain, is a scammer with a tarnished reputation.
If we get to the official website of RevolutExpert - Revolutexpert.ltd, we will find that our company provides brokerage services for trading on the Forex market in Britain. RevolutExpert also offers software for financial actions.
We studied the official website of RevolutExpert, got acquainted with the terms of action, tried to get demo access to the services, examined the availability of documents, the region of registration of the organization.
With the help of this information, we will find out: Is RevolutExpert a scam or not?
In addition, we will explain to you how not to fall for the bait of scammers, about their work algorithms. We will give you all the information you need to keep your finances safe.
RevolutExpert is offshore
A serious signal that Revolutexpert.ltd are criminals is the state of registration. The company is documented in the Marshall Islands, which is already doubtful, since the company operates in Britain. Offshore countries are popular with scammers due to the absence of the need to comply with the law and supervision.
In addition, this region does not have the authority to work on the Forex market.
Moreover, when we tried to find the physical address, information about the owners and management of RevolutExpert, we were unable to reveal anything.
This already demonstrates that RevolutExpert is an illegal broker, working with which can result in serious financial losses.
No information found about directors RevolutExpert
After analyzing the official website, our experts could not find any truthful information about the management of the organization Revolutexpert.ltd. No physical or legal address, no phone numbers or other means of communication.
Most likely, this means that the actual leaders are trying to hide their identities in order to elude punishment for crimes. And even if one of the employees of RevolutExpert can be found, then everything will end with this, and the actual directors of the fraudulent organization will remain at large.
RevolutExpert, website - RevolutExpert, is less than a month old
The official website of RevolutExpert talks about many years of experience in operations in the Forex market.
The main method of checking the official site is to obtain information about its domain name. Most often, they contain the validity period of the domain name, contact details of the owner.
In this case, the Revolutexpert.ltd domain name exists for less than one month, and all information about the person who owns it is hidden. Another proof that the organizers of RevolutExpert are trying to protect their anonymity.
Such a desire can be understood, but not when it comes to a company acting as an intermediary between the client and the Forex financial market.
At the same time, RevolutExpert assures its users that they have been successfully trading in the Forex market for many years.
RevolutExpert does not have a trial period
It is a common practice for brokers to give users a test version of programs so that they get acquainted with the interface, try their hand at operations in the Forex financial market with fake money.
Unfortunately, on the RevolutExpert website, we could not find information about the trial period, the opportunity to try the software.
We think that the directors of the Revolutexpert.ltd organization simply do not plan to give traders test access to their service, as one of them may begin to suspect a scam.
Broker RevolutExpert operates with a negative balance
Official firms that operate in the Forex market do not use a negative account in their activities. By law, a broker's client is not able to spend more than what is currently in the account. In cases where the balance goes into a negative value, the debt must be repaid not by the user, but by the company that provided the services.
Therefore, legal online brokers do not use a negative account in their activities.
However, RevolutExpert gives its clients trading with a negative balance, that is, in debt.
What is it for?
In order to drive the trader into debt and start demanding a loan. This is one of the most commonly used scams used by bandits.
If this has already happened, it must be remembered that scammers do not have the opportunity to knock out investments under British law. All methods of pressure on you are criminal. The most that scammers are able to do is to disturb with calls, write messages with threats.
You cannot cooperate with RevolutExpert, as the agreements will result in expenses.
Revolutexpert.ltd work with a leverage of one to four hundred or more
Already, it becomes clear that RevolutExpert are bandits. However, let's point out one more nuance, namely, the presence of too large a credit ratio.
Leverage is the ratio of clients' money to online brokers' money when making a trading operation. This makes it possible to carry out significant trade transactions for clients who do not have sufficient funds freely available.
In order to protect Forex clients, in developed regions, the legislation provides for the use of a credit ratio with the highest ratio of 1 to thirty, sometimes fifty.
At the same time, RevolutExpert uses a leverage of 1 to four hundred for Forex operations.
This relationship is allowed in Switzerland as companies registered in this country enjoy considerable credibility. But RevolutExpert is not registered in this country.
In fact, RevolutExpert are not authorized to trade Forex with such a credit ratio due to the high risk to clients. Accordingly, this is used only to force the trader to transfer as much money as possible, but also to drag him into debt.
RevolutExpert Local Branches
It is considered prestigious for any financial firm to have local offices in developed countries, even if the work takes place exclusively in England. So RevolutExpert says that in addition to many awards, there are regional offices in the UK, Australia and other developed regions, and in addition about many experienced employees.
Checking the presence of these units is quite simple. After all, there are specialized structures that regulate the work of brokers. In the UK it's FCA, in Australia it's ASIC.
Because of this, the official firm is required to have supporting papers from these or other organizations that will confirm their authorized right to provide Forex trading services, determine the degree of responsibility.
And yet, having studied specialized sites, our specialists could not find them. Which once again confirms the fears.
For registration on Revolutexpert.ltd, you need to transfer confidential data
As we mentioned earlier, RevolutExpert does not have a demo period, and therefore, in order to gain access, you must immediately pay the minimum contribution to RevolutExpert scammers. Also, access to the personal account of Revolutexpert.ltd is really only upon successful completion of user verification.
This means that RevolutExpert requires users to provide information such as:
- Information about an individual (passport, etc.);
- Data on the permanent place of residence (receipt for a communal apartment);
- Data about the place of work, qualifications, experience.
In addition, with the first payment, fraudsters are able to access personal account information.
As a result, this information may enable scammers to put a credit on a gullible user, or to carry out other shady operations.
Since to register on the official website Revolutexpert.ltd, you need to transfer personal data, we have not been able to get access to RevolutExpert's personal account and Forex earning programs.
Real reviews about RevolutExpert
A very important step in exposing RevolutExpert is the study of traders' reviews.
The study of issuance in search engines allowed us to obtain the following information:
- Most mentions of RevolutExpert online are fake. These are template positive reviews of a customized type;
- All true reviews and references to RevolutExpert are negative. Our employees could not find reliable references and comments from former users of Revolutexpert.ltd, which would indicate a good profit, successful work.
- Negative mentions are associated with illegal activities, stealing finances, creating debt.
In accordance with this, real reviews about RevolutExpert say that this broker is a criminal.
Contact details and documents RevolutExpert
Studying the information on Revolutexpert.ltd, our staff found a lot of dubious digital official papers that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an Internet broker is not associated with regulatory firms, then clients simply have nowhere to turn for help.
On the "Contacts" page, we saw a phone number. It turned out that it had already been used by an illegal online broker. Also, there are many reviews on the network about fraudulent activities associated with the phone number listed on Revolutexpert.ltd.
Withdrawing money from Revolutexpert.ltd
Are you going to make money with the help of an online Forex broker? Make sure you can take money from him.
While studying the client agreement on the website of RevolutExpert, our specialists did not reveal specific information about the methods of withdrawing funds. Also, our experts found mention of fees for the inactivity of a personal account, but did not find information about their amounts. Since scammers do not operate in the official field, it is impossible to protest these fees.
Therefore, if the user has stopped working with RevolutExpert, they can disturb with calls and send messages demanding to pay a fine.
How does RevolutExpert operate?
The method of finding new clients that RevolutExpert uses is also alarming.
For advertising, false social media accounts are used, in which non-existent users spread information about how they instantly managed to get rich by trading on the Forex financial market with the help of RevolutExpert. Advertising profiles showcase expensive cars and jewelry, travel to resorts, and other manifestations of a rich life.
Non-existent people promise quick earnings, for which you do not need to study or make a lot of effort.
If a potential trader gets in touch with scammers, RevolutExpert employees confirm the reality of instant profit, and also about the unique abilities of their services, which will allow you to instantly earn a large income.
After that, various tricks are used to get the maximum money from the trader. For example, you can draw fake profits to provoke you to transfer even more investments.
When the work on Forex turns out to be unprofitable, the manager will offer to transfer more in order to cover the losses.
RevolutExpert managers act according to the manuals developed by professional manipulators. Criminals analyze information about the client in order to act on specific places, to lure out more investments.
One way or another, it will all come to one of two ends:
- When you want to get finance before you find yourself in debt, you will be fined, your money will be closed, and everything will be done to force you to transfer more;
- When you allow scammers to drive an account into a loan, threats will go, scammers will demand to repay a non-existent loan.
Another method to make a profit for RevolutExpert can be the sale of your confidential information to third parties. We assume that, as a result, detailed information about you can be bought for a small amount on an anonymous service in the shadow Internet.
Most likely, after that, all sorts of scammers, managers, etc. will start calling you more often. It is also worth waiting for messages from accomplices of RevolutExpert, who will begin to offer a "return" of lost finances, of course, for a fee.
Since RevolutExpert does not operate in a regulated field and remains anonymous, Revolutexpert.ltd cannot be enforced by law in the UK. The leaders of the shadow organization are skillfully hiding and, at best, law enforcement agencies will be able to capture one of the "employees".
Should I trust RevolutExpert?
Only if you are going to give finances to scammers, then give them to a good cause.
Let's briefly list the facts indicating that RevolutExpert are scammers:
- Lack of official registration;
- No demo deadline;
- There is no information about the owners of the company;
- Phone number found in illegal fraud;
- Negative balance;
- Leverage greater than 1 to 50;
- Bad reviews;
- Invalid data on the website.
Our review of RevolutExpert is over. Obviously RevolutExpert are scammers.