RevolutExpert is an offshore brand with no trading license. This information alone is enough to dissuade any potential investors.
Keep reading if you’re still interested in what this brokerage offers. Our comprehensive RevolutExpert review will give you all the details.
Also, we recommend you not to invest in the fraudulent brokersPibexa,CryptocycleandCoin Matrix.
|Broker status:||Offshore Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||CNMV, CONSOB, FSMA, ASF|
|Owned by:||Sanguine Solutions Ltd|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Minimum Deposit:||100 USD|
|Types of Assets:||Forex, shares, indices, commodities|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
RevolutExpert Is A Safe and Reliable Forex Trading Platform?
RevolutExpert is owned by Sanguine Solutions Ltd, registered in 2021 in Saint Vincent and the Grenadines. This offshore island is a famous hub for financial swindlers due to the lack of regulatory supervision.
Ever since the FSA declared itself unauthorized for Forex and CFD trading companies, many entities have established their offices in the country. Knowing that they can easily avoid any oversight, they unscrupulously scam their customers, robbing them of their funds.
RevolutExpert is unregulated and no different than any other unlicensed offshore brand.
Reasons Not to Trust an Unlicensed Broker
Unlicensed brokers have no approval to provide financial services. They don’t need to comply with regulatory regimes or keep clients’ funds safe as unauthorized entities. Further, they can easily declare bankruptcy or close the website and vanish with the money.
If you want to trade and be safe, finding a legitimate company under a Tier1 license such as FCA, ASIC, or BaFin is the first step.
Is RevolutExpert a Trustable Broker?
RevolutExpert is an offshore trading fraud. The owner, Sanguine Solutions Ltd, has been banned in several countries for scam activities. This brand has a low consumer index and trust score.
Warning Issued By the National Securities Market Commission (CNMV)
The Spanish regulator issued an official warning against Sanguine Solutions Ltd and RevolutExpert. Previously, this regulator warned about the owner’s other brand, GitexCapital.
The Belgian FSMA and Italian CONSOB later republished the warning.
Additionally, the Romanian regulator, ASF, added both RevolutExpert and GitexCapital to its blacklist.
What Do Traders Think Of RevolutExpert?
There are a number of negative RevolutExpert reviews describing customers’ experiences. According to these, the scam brokerage pressures clients to invest without letting them research the firm. They promise various bonuses and promotions to lure potential investors.
Further, they don’t approve any withdrawal requests. Clients who ask for their funds back cannot get them, and the broker stops any contact after the payment request is made.
What Platform Does RevolutExpert Provide?
Despite promising MetaTrader, RevolutExpert doesn’t deliver. The vague statement can be found on the website, saying that the brokerage provides MT without specifying if it’s MT4 or MT5.
However, the only thing available upon registration of an account is a plain WebTrader. It doesn’t even have good basic functions, not to mention advanced features.
Of course, it’s not anywhere near the real MetaTrader and cannot be compared to it. Further, there are no mobile apps for any device.
RevolutExpert Accounts Overview
RevolutExpert has five different account types.
The Standart one brings deposit bonuses and more open positions. From Advanced, clients can get trading signals, while Expert and VIP bring account manager assistance.
Can I Try to Trade on a Demo Account?
Yes, you can try the RevolutExpert Demo account. However, it’s just a lure. Since the brokerage offers a proprietary platform, they can make it look like you earned large profits.
Once you invest in real funds, your struggle will start.
RevolutExpert – Countries Of Service
According to reviews, the majority of RevolutExpert victims come from:
Note that this fraudulent firm operates all around the EEA zone, and anyone can become a victim.
Also remember the names of theAxiance,Focus MarketsandFinexStocktrading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
RevolutExpert Range of Trading Markets
Customers can trade in the following markets:
- Forex – EUR/USD, GBP/CAD, AUD/SEK
- Commodities – gold, silver, natural gas
- Indices – Dow Jones, NASDAQ, FTSE100
- Shares – Amazon, Apple, Google
The broker doesn’t provide access to crypto trading.
What Is Known About RevolutExpert’s Trading Conditions?
RevolutExpert offers unfavorable trading conditions. Of course, the broker is unlicensed, so it’s no wonder.
Legitimate firms must comply with leverage caps in a certain jurisdiction and limit risks. This company doesn’t do so.
Leverage and Spreads
The leverage is fixed to 1:100 for all account types and can be increased up to 1:500. For comparison, the UK and EU cap is 1:30, and in the US is 1:50.
The spread is rather high, being 3 pips for FX majors. This is double the industry standard and not good for customers.
RevolutExpert Minimum Deposit and Withdrawal Terms
RevolutExpert’s minimum deposit is $100. This may sound tempting and not a lot, but even a penny invested in an unlicensed scheme is too much.
Further, the Withdrawal Policy doesn’t exist, as well as other legal documents. Simply put, you won’t be able to find any withdrawal terms.
Methods of Making a Deposit
The website lists the following payment methods:
- Debit/credit cards
- Wire transfer
In reality, customers are approached to deposit via crypto.
Why Should I Avoid Depositing in Crypto?
Cryptocurrencies are the least safe payment method of all. Thanks to their nature, digital coins are hard to track and are not subject to a chargeback,
Knowing this, scammers are widely using them as a preferred payment option. However, you should be cautious and avoid transferring funds through a wallet.
Scammed by RevolutExpert Broker? – Let Us Hear Your Story
If you find yourself scammed by RevolutExpert, let us know. Our crypto experts may be able to assist you and help you track your virtual currencies.
You’re not alone in this! Book your free consultation now, and let’s start the procedure!