RXK Capital Review

Is RXK Capital a scam or legit broker? Read RXK Capital Review

Despite RXK Capital’s best efforts to appear as a trustworthy broker, their lack of a valid forex license and offshore registration make it impossible for them to prove that they are legitimate. Not to mention that https://rxkcapital.com is registered offshore and so practically anonymous.

Let’s begin by stating that RXK Capital lacks a license. The broker is run by Saint Vincent and the Grenadines-based RXK Management Ltd, which is the most evident factor. This area is well-known for hosting several heinous frauds.

However, the foreign exchange market is not governed by the local Financial Services Authority. As a result, RXK Capital is unable to have a legitimate license.

RXK Capital does not offer its customers sufficient protection without a license. Besides that, we mean compensation, leverage limitation, debit protection, and separated funds.

Also, we are unsure about the broker’s operational capital. The Financial Services and Markets Authority (Belgium) and Federal Financial Supervisory Authority (Germany) placed the broker on a blacklist for providing financial services without a license. It is yet another major sign to avoid this broker.

You should be warned from choosing such a bad source after reading this. Do not pick such type of broker. Often choose those that are overseen by organizations like the CySEC, FCA, etc.

Possible scam activities of RXK Capital

Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this RXK Capital 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 promises returns that are too good to be true.
• The risk warnings may not be disclosed on their webpage or would be hidden.
• 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.

Negative RXK Capital Reviews and Complaints

RXK Capital 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 RXK Capital Review

After Searching internet you will find many negative RXK Capital 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 RXK Capital reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.