RevolutExpert Review - Scams in the Forex market10 / 03 / 22 Visitors: 355
Broker RevolutExpert, operating in the UK, is a scam with a bad reputation.
If we get to the official website of RevolutExpert - Revolutexpert.ltd, we will read that our company provides Forex services in the UK. RevolutExpert also provides services for financial actions.
Our employees analyzed the RevolutExpert website, got acquainted with the working conditions, tried to get at least demo access to the services, studied the availability of documents, the region of the company's registration.
With the help of this information, we will figure it out: RevolutExpert - a scam or not?
We will also explain to you how not to get caught in the networks of scammers, about their methods of operations. We will tell you all the necessary information in order to keep your investments safe.
RevolutExpert is located offshore
A serious signal that Revolutexpert.ltd is a scam is the country of origin. The company is officially registered in the Republic of the Marshall Islands, which is already suspicious, since the company operates in Britain. Offshore countries attract the attention of criminals due to the lack of laws and executive power.
In addition, this region does not have the authority to operate on the Forex market.
Also, when our experts tried to identify the address, mentions of the owners and directors of Revolutexpert.ltd, they could not reveal anything.
This already shows that Revolutexpert.ltd is a fake broker, working with which will result in serious financial losses.
No information found about the organizers of Revolutexpert.ltd
After examining the website, our experts have not been able to identify plausible information about the management of the company Revolutexpert.ltd. No address, no phone numbers or other methods to get in touch.
This probably means that the current owners are trying to hide themselves in order to evade accountability for their actions. If you manage to contact one of the employees of RevolutExpert, then everything will end there, and the actual organizers of the fraudulent organization will remain at large with money.
RevolutExpert, official website - RevolutExpert, is less than 30 days old
The RevolutExpert website speaks of years of Forex trading experience.
The main way to analyze any website is to obtain information about its domain. Usually, they indicate the lifetime of the domain name, information for contacting its owner.
In this case, the RevolutExpert domain name exists for less than one month, and information about the legal or natural person owning it is hidden. Another evidence that the management of RevolutExpert is trying to remain anonymous.
Such a desire can be understood, but not when it comes to a financial company acting as an intermediary between a trader and the Forex market.
At the same time, Revolutexpert.ltd assure their potential users that they have been working effectively in the Forex market for a long time.
RevolutExpert does not have a demo period
It is a common practice for Internet brokers to give users a demo version of their software so that they can familiarize themselves with the interface and test their ability to trade on the Forex market with virtual currency.
Unfortunately, on the official website of RevolutExpert, we did not find information about the trial period, the opportunity to try the programs.
Probably the director of the Revolutexpert.ltd organization most likely does not plan to give users trial access to their software, since one of them may begin to suspect something is wrong.
Online broker Revolutexpert.ltd operates with a negative balance
Official companies that operate in the Forex financial market do not use a negative account in their work. By law, an online broker trader is not able to spend more than what is currently in his account. In rare situations, when the balance still goes into negative territory, it is not the client who is obliged to repay the debt, but the company that provided the services.
Therefore, honest Internet brokers do not use a negative account in their work.
However, RevolutExpert offers customers trading with a negative balance, that is, on credit.
What is it for?
To drive the client into a loan and start paying off the loan. This is one of the most popular fraud methods used by financial scammers.
If this happens, you must remember that scammers have no way to collect money under the law of England. All methods of influencing you are considered criminal. The most that scammers are capable of is calling, sending messages with demands.
You cannot work with RevolutExpert, as any agreements will turn into new losses.
Revolutexpert.ltd operate with a credit ratio of one to 400 or more
Already now, it is clear that RevolutExpert are bandits. However, let's pay attention to one nuance, namely the presence of an extremely high credit ratio.
Credit leverage is the ratio of funds of traders and brokers when making a trading operation. Leverage makes it possible for traders who do not have large amounts of money with them to make big trades.
In order to protect clients in the Forex financial market, in civilized countries, the current legislation requires the use of leverage with a maximum ratio of 1 to thirty, sometimes 50.
At the same time, RevolutExpert applies a credit ratio of 1 to 400 for trading in the Forex financial market.
This ratio is allowed in Switzerland, as companies registered in this country are highly trusted. However, RevolutExpert is not registered in this country.
In fact, RevolutExpert has no right to work on Forex with such a credit ratio, due to the high risk for users. Accordingly, this is used solely to force the client to give more personal money, but also to drag him into loans.
Local divisions of RevolutExpert
It is considered prestigious for every firm to have local divisions in civilized countries, even if the activity is carried out exclusively in England. So RevolutExpert informs that in addition to an impressive number of awards, they have local divisions in
Britain, Australia and other civilized regions, and in addition about thousands of skilled workers.
Checking the existence of these offices is quite simple. Since there are industry organizations that regulate the work of Internet brokers. In the UK it's FCA, and in Australia it's ASIC.
Accordingly, a law-abiding company is required to have official papers from these or other organizations that prove their ability to provide Forex trading services, indicate the degree of responsibility.
And yet, having studied the profile web sites, our experts did not find them. This once again reinforces the fears.
Registration on Revolutexpert.ltd requires the transfer of personal data
As we mentioned earlier, RevolutExpert does not have a demo period and therefore, in order to gain access, you must immediately transfer the minimum contribution to RevolutExpert criminals. In addition, access to the Revolutexpert.ltd personal account is possible only upon completion of identity verification.
This means that RevolutExpert requires users to submit data such as:
- Information about an individual (passport, etc.);
- Information about the permanent place of residence (payments for utilities);
- Information about the place of work, qualifications, experience.
Also, during the initial transfer, the bandits are able to access bank card data.
Together, this information can allow scammers to hang a loan on a gullible client, or carry out other illegal actions.
Since registration on the Revolutexpert.ltd website requires the submission of personal information, our specialists were unable to access the RevolutExpert personal account and Forex trading applications.
Real reviews about RevolutExpert
An extremely important point of exposing RevolutExpert is the analysis of traders' feedback.
A detailed study of the search results on the Internet gave us the following data:
- Most of the reviews and mentions of RevolutExpert on the Internet are fake. These are positive reviews similar to each other and mentions of a custom type;
- All real mentions and comments about RevolutExpert are negative. We were unable to identify reviews from former users of Revolutexpert.ltd, which indicate a decent profit, successful work.
- Negative mentions and comments are caused by fraudulent activities, theft of deposits, special creation of debt.
Because of this, reviews of RevolutExpert report that this online broker is a criminal.
Contact information and papers RevolutExpert
Studying the data on Revolutexpert.ltd, our staff found a lot of dubious digital papers that can be easily made using a graphics editor. They are not confirmed by official firms, which means they cannot be trusted.
If an online broker is not associated with regulatory firms, then its traders simply have nowhere to turn for help.
On the "Contacts" page, our employees identified 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 the Forex financial market online broker? Make sure you can take money from him.
Analyzing the user agreement on the RevolutExpert website, our experts did not reveal specific information about the withdrawal methods. At the same time, we identified a description of fees for a long period of inactivity of the account, but there was no data on their amounts. Since the criminals do not act in the official field, it is impossible to protest these requisitions.
Therefore, if a trader stops working with RevolutExpert, they can start calling and sending messages demanding to pay the fine.
How does RevolutExpert work?
Causes concern and the method of finding new users, which uses RevolutExpert.
For advertising, fake social media accounts are used, in which fake bloggers spread information about how they instantly managed to get rich by making Forex transactions with the help of RevolutExpert. Advertising profiles showcase expensive cars and clothes, trips to resorts and other signs of a rich life.
They promise rapid income, for which you do not need to learn or make a lot of effort.
If a potential client comes into contact with scammers, RevolutExpert employees report the possibility of instant profit, as well as some unique abilities of their programs that will immediately earn serious income.
Further, all sorts of manipulations are used, making it possible to get the maximum money from the client. For example, you can create fake profits to motivate you to invest even more money.
When the work on Forex turns out to be negative, the representative of the organization will offer to transfer more to compensate for the losses.
RevolutExpert employees work according to manuals developed by qualified psychologists. They analyze information about the user in order to influence vulnerabilities and get more finance.
As a result, everything will come down to one of the options:
- When you want to withdraw funds before you are in the red, you will be charged fines, prohibited from using assets, and will do everything to force you to transfer more;
- When you allow scammers to drive your account on credit, threats will fall, scammers will demand a return of a fake loan.
Another way to make money for RevolutExpert is to sell your personal information to third parties. Probably, after that, it will really be possible to purchase exhaustive information about you for a small amount of money on some anonymous
Telegram channel on the shadow Internet.
It is likely that as a result of this, all sorts of bandits, managers, etc. will start calling you. You should also wait for letters from colleagues Revolutexpert.ltd, who will offer the "return" of the lost money, of course, for the load.
Since RevolutExpert does not operate in the official field and preserves incognito, RevolutExpert cannot be forced to bear liability under applicable laws in England. The leaders of the criminal company are carefully hiding and, at best, the police will be able to figure out one of the "employees".
Can RevolutExpert be trusted?
If you plan to give finances to the bandits, then spend them on a good deed.
Let's briefly state the facts that RevolutExpert are bandits:
- Lack of official registration;
- No demo period;
- No information about the owners of the company;
- Phone number found in shady schemes;
- Negative account;
- Credit ratio greater than one to fifty;
- Negative reviews;
- False data on the site.
This is the end of the RevolutExpert review. It is clear that RevolutExpert are criminals.
A complete list of unscrupulous brokers, that we do not recommend working with is available here.