Is Rapidreturn247 a scam or legit broker? Read Rapidreturn247 Review
Website – https://rapidreturn247.com/
Address – 36 W 138th Street New York, NY 10037
Warned By – Securities and Exchange Commission (United States of America)
Domain Age Information of Rapidreturn247
|Date Registered||June 06, 2021|
|Domain Age||1 year, 11 months, 16 days, 12 hours, 33 minutes, 35 seconds|
The main reason why Rapidreturn247 is a possible scam broker is that the broker has got many Complaints and negative Rapidreturn247 reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.
Rapidreturn247 is a scam. It claims to offer investors lucrative returns through cryptocurrency investments, but in reality, it is nothing more than a cleverly disguised Ponzi scheme. The company promises exorbitant returns of up to 1.5% per day, but there is no real evidence to back up these claims. In addition, the platform doesn’t provide any real trading activity and lacks transparency regarding its investor funds or its team members who are supposedly managing the funds. All of these factors make Rapidreturn247 a risky investment that could potentially leave investors out of pocket if they decide to invest with this platform.
The Rapidreturn247 website appears legitimate at first look, but closer study shows a major red flag. It is unknown who is behind the Rapidreturn247. Neither website nor the Terms and Conditions refer to a specific legal organization by name. This is simply unacceptable for any reputable firm, let alone one that provides financial services.
As a result, whoever owns the Rapidreturn247 is not licensed as a broker, and their actions are not regulated. You should only trust respectable brokers from in well-established financial centres such as the United Kingdom, the European Union, the United States, or Australia.
Brokers’ actions are regulated by major regulatory authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the United States, and the Australian Securities and Exchange Commission (ASIC).
We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure.
Rapidreturn247 possible scam activities
It can be challenging to identify trading scams, such as Forex, Binary Options, and Cryptocurrency. However, there are some indicators to look out for.
Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Rapidreturn247 review.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
- The broker may have made a number of false claims through its website.
- The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
- The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
- This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.
Rapidreturn247 Review: Complaints and Negative Feedback
Rapidreturn247 has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.
Example of Negative Rapidreturn247 Review
After Searching internet you will find many negative Rapidreturn247 Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and Rapidreturn247 reviews are negative.
Scammed by Rapidreturn247? How to get your lost money back from Rapidreturn247?
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Rapidreturn247 Review: Conclusion
To begin with, Rapidreturn247 is a mysterious site that needs validity. It isn’t authorized to offer trading services as it does not hold all valid licenses and is targeting clients of different nations. So, we advise you to stay away from a such brokers as your money may be at high risk with them.
Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.
To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023 Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.
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Note: Report Scam Community has conducted many researches before flagging Rapidreturn247 as a possible scam in this Rapidreturn247 Review. Are you planning to trade with Rapidreturn247 and invest your money? Report Scam suggests you to read this Rapidreturn247 Review first.Report Scam! as we have experience!