RevolutExpert - fraudsters in the Forex marketPaul Roberts 10 / March / 22 Visitors: 91
The online broker RevolutExpert, which operates in England, is considered a criminal with a tarnished notoriety.
When we go to the official website of RevolutExpert - Revolutexpert.ltd, we will find that the company under study provides Forex brokerage services in the UK. In addition, RevolutExpert provides services for trading operations.
Our employees looked at the RevolutExpert website, got acquainted with the terms of action, made a trip to get a demo access to the services, studied the existence of papers, the place of registration of the company.
With the help of this information, we will find out: RevolutExpert - scam or not?
In addition, we will tell you how not to get caught in the network of deceivers, about their methods of work. We will give you the information you need to keep your money safe.
RevolutExpert is offshore
The main signal that indicates that RevolutExpert are criminals is the country of residence. The organization is officially registered in the Republic of the Marshall Islands, which is already doubtful, since it operates in England. Offshore regions are popular with criminals due to the lack of legislation and oversight.
Also, this state does not have the authority to work on the Forex financial market.
Moreover, when our experts tried to find the physical or legal address, information about the owners and management of RevolutExpert, they could not find anything.
Such a demonstration that Revolutexpert.ltd is a fake online broker, cooperation with which will result in large financial losses.
Could not find information about the organizers of Revolutexpert.ltd
After examining the website, we have not been able to find reliable information about the directors of the RevolutExpert organization. No addresses, no phone numbers or other ways to get in touch.
Most likely, this means that leaders try to hide themselves in order to avoid responsibility for their actions. And even if you manage to catch one of the employees of RevolutExpert, then this will all end, and the organizers of the fraudulent organization will remain at large with money.
RevolutExpert, website - RevolutExpert, has been up for less than a month
The website Revolutexpert.ltd talks about a lot of experience in Forex.
The most common method of analyzing a website is to obtain information about its domain. Usually, they fix the lifetime of the domain, data for the owner's connection.
In this case, the Revolutexpert.ltd domain name exists for less than thirty days, and information about the legal entity that owns it is classified. Another proof that the owners of RevolutExpert are trying to preserve their anonymity.
Such a desire can be understood, but not when it comes to a financial institution acting as an intermediary between a trader and the Forex market.
In addition to this, RevolutExpert themselves assure their potential users that they have been successfully trading in the Forex market for a long time.
RevolutExpert has no demo period
It is a common practice for brokers to provide clients with a demo version of services so that they can get acquainted with the interface, try their skills in operations on the Forex market with virtual money.
Unfortunately, on the Revolutexpert.ltd website, we could not find any mention of a demo period, an opportunity to test the programs.
We assume that the owners of the Revolutexpert.ltd company most likely do not plan to provide traders with demo access to their software, since someone is able to suspect something is wrong.
Online broker Revolutexpert.ltd works with a negative account
Registered companies that operate on Forex do not use a negative account in their work. In accordance with the laws, the user of an Internet broker cannot spend more than what is currently on the balance sheet. In situations where the balance still goes into negative territory, the debt will have to be repaid not by the trader, but by the company that has provided its services.
Therefore, honest online brokers do not use a negative balance in their activities.
However, RevolutExpert allows users to trade with a negative balance, i.e. on credit.
What is it for?
In order to drive the user into debt and extort a loan. This is one of the most common methods of fraud used by scammers.
If this has already happened, you need to remember that deceivers have no way to get finance under the laws of England. All methods of influencing users are considered illegal. The maximum that scammers can do is call, write letters with demands.
You cannot work with RevolutExpert, as attempts to negotiate will result in new expenses.
Revolutexpert.ltd work with a credit ratio of one to 400 or more
Already now, it becomes clear that RevolutExpert are bandits. And yet, let's point out another nuance, namely, the presence of too high leverage.
Leverage is the ratio of the money of traders and online brokers when making a trading operation. This makes it possible to close significant transactions for users who do not have sufficient funds available.
In order to protect users of the Forex financial market, in civilized regions, the current legislation provides for the use of leverage with the highest ratio of one to 30, in rare cases 50.
At the same time, RevolutExpert uses a leverage of one to four hundred for Forex trading operations.
This attitude is allowed in Switzerland, as organizations registered in this country enjoy high confidence. However, RevolutExpert is not registered in this state.
In fact, RevolutExpert is not authorized to operate in the Forex market with such leverage, due to the high risk to users. Accordingly, this is used in order to force the trader to invest more funds, but also to drive him into loans.
RevolutExpert Local Offices
It is considered prestigious for every company to have local divisions in civilized countries, even if the work takes place exclusively in the UK. So RevolutExpert informs that in addition to a large number of awards, they have local offices in the
UK, Australia and other civilized regions, and in addition about a lot of experienced workers.
It is easy to check the reality of these offices. Since there are specialized organizations that regulate the work of Internet brokers. In the UK it's FCA, and in Australia it's ASIC.
Because of this, a legal organization is required to have permits from these or other structures that confirm their ability to provide Forex trading services, indicate the degree of responsibility.
And yet, having studied the specialized websites, our experts did not find them. Which once again confirms the fears.
For registration on Revolutexpert.ltd, you need to transfer personal data
As we reported earlier, RevolutExpert does not have a demo period and because of this, in order to gain access, you must immediately transfer the minimum payment to RevolutExpert scammers. In addition, access to the personal account of
Revolutexpert.ltd is possible only upon successful completion of the client's confirmation.
This means that RevolutExpert requires its customers to submit data such as:
- Information about an individual (passport, driver's license, etc.);
- Data on the permanent place of residence (scans of utility bills);
- Information about qualifications, place of work, experience.
In addition, with the initial payment, the bandits are able to access the card data.
As a result, this data may allow the bandits to make a loan to a gullible trader, or to carry out other shady schemes.
Since registration on the Revolutexpert.ltd website requires the transfer of your personal information, our employees were unable to access the RevolutExpert personal account and applications for transactions on the Forex market.
Reviews about RevolutExpert
An important step in exposing RevolutExpert is to study reviews from users.
A thorough study of the issuance in search engines gave us the following information:
- Most of the mentions of RevolutExpert on the net are lies. These are the same type of positive mentions and comments of the paid type;
- All real reviews and comments about RevolutExpert are negative. We have not been able to find true references and comments from former users of Revolutexpert.ltd, which talk about good profits, productive trading.
- Negative mentions and comments are related to illegal activities, theft of funds, creation of debt.
Because of this, real reviews of RevolutExpert indicate that this broker is a criminal.
Contact details and papers RevolutExpert
Analyzing the information on Revolutexpert.ltd, our experts found many dubious digital official documents that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an online broker is not associated with regulatory companies, then traders simply have nowhere to turn for help.
On the "Contacts" page, our experts found 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 a financial Forex broker? Make sure that you can take away investments from him.
While studying the trader's agreement on the RevolutExpert website, our experts did not find clear information about the methods of withdrawing funds. In addition, our employees identified a mention of fines for account inactivity, but did not find data on the size. Since the scammers do not operate in the legal field, it will not be possible to challenge these fines.
Because of this, if a trader terminates cooperation with RevolutExpert, he may be called and spammed with a demand to pay a fine.
How does RevolutExpert work?
Suspicious and the way to search for users, which uses RevolutExpert.
Fake social media accounts are used for advertising, in which fake people report how they instantly managed to get rich by earning on the Forex market with the help of RevolutExpert. Bots show expensive cars and houses, trips to resorts,
and other signs of a prosperous life.
Bots promise a rapid increase in income, for which you do not need to learn or put in a lot of effort.
If a potential client gets in touch with scammers, RevolutExpert managers talk about the possibility of a rapid profit, as well as some unique features of their services that will allow you to quickly make a big profit.
After that, various tricks go into work, making it possible to get as much finance from the user as possible. For example, you can draw a small profit to inspire you to transfer even more funds.
When trading on the Forex financial market is negative, the manager will offer to transfer even more to cover the losses.
RevolutExpert managers act according to manuals created by experienced manipulators. Criminals study data about a trader in order to put pressure on specific places, to lure out more deposits.
As a result, it all comes down to one of the ends:
- If you want to withdraw funds before you find yourself in the red, they will draw fines for you, freeze your account, and do everything to make you pay even more;
- If you allow scammers to drive the account into debt, threats will fall, criminals will extort the return of a fictitious loan.
Another way to make money for RevolutExpert can be selling your personal data to third-party companies. Probably, as a result, it will be possible to obtain complete information about you for a moderate amount on some anonymous service on the shadow Internet.
It is likely that after that you will be spammed by various bandits, managers, etc. It is also worth waiting for calls from accomplices of Revolutexpert.ltd, who will begin to offer the "return" of lost deposits, of course, for a fee.
Since RevolutExpert does not work in an official field and remains incognito, RevolutExpert cannot be forced to be liable under applicable laws in Britain. The owners of the fraudulent company carefully disguise themselves and, at best, law enforcement agencies will be able to figure out one of the "managers".
Can RevolutExpert be trusted?
Only if you are going to transfer money to scammers, then it is better to spend it on a good deed.
Let's briefly voice the evidence indicating that RevolutExpert are bandits:
- No official registration;
- No trial period;
- Lack of information about the owners of the company;
- Phone number is seen in criminal transactions;
- Negative score;
- Credit ratio more than one to 50;
- Negative reviews;
- Invalid data on the website.
Detailed review of RevolutExpert - completed. Obviously RevolutExpert are scammers.
Paul Roberts 51 years old Born in Edinburgh. Married. Studied at University of Oxford, Department of Public Policy and Social Work. Graduated in 1997. Works at Standard Life Aberdeen plc.