Rev Trading claims to be a Forex and CFD provider based in the United Kingdom while also registered in Canada. The website offers the popular MetaTrader 4 trading platform with high leverage.
The main focus of our Rev Trading Review will be on the legal aspects of this brokerage firm. We investigate whether the platform is licensed, how it operates, what traders think about it, and, most importantly, whether it is safe.
“Registration with FINTRAC does not indicate that FINTRAC endorses or licenses the business. It indicates only that the business has satisfied the legal requirements to register,” the institution states.
If you want a reliable trading platform, we suggest you find a brokerage firm that legally operates under the supervision of renowned financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), MAS (Singapore), IIROC (Canada), FINMA (Switzerland), etc.
If you need help getting your money back, we offer our services.
The United Kingdom is considered a major global financial hub. In order to obtain a regulatory license in the UK, brokerage firms must have a minimum operating capital of 730,000 GBP.
Furthermore, their clients must receive negative balance protection, a segregated bank account in a top-tier bank, a safe leverage cap (1:30), and a compensation scheme contract of up to 85,000 GBP.
These are mostly recognized financial market jurisdictions with strict regulations in force. There are no trader reviews of this platform, despite it being more than three years old. It just shows that traders were not willing to trust an unlicensed provider, which is good news.
However, in case somebody gets defrauded by Rev Trading, we recommend he/she contact us because we can help in the fund recovery process.
Rev Trading claims to offer the well-known MetaTrader 4 trading platform. MT4 is widely regarded as a trailblazer in the trading industry.
The platform offers multiple cutting-edge tools and options such as automated trading, multiple timeframes, advanced charting, a user-friendly interface, API integration, etc. EAs are also available. According to the broker’s website, the platform is available for Windows 10, as well as for Android and iOS mobile device systems.
If you are a beginner, do not risk real money right away without first training on a demo account. Every legit broker nowadays offers it so be sure to choose the right provider.
Rev Trading offers maximum leverage of up to 1:200. It is crucial to note that while high leverage can amplify potential profits, it also significantly increases the risk of potentially career-ending losses.
The platform supports popular trading instruments such as Forex currency pairs and CFDs on indices, stocks, and commodities. However, trading costs, i.e. spreads and commissions were not disclosed on the website.
To reiterate once again, it’s important to consider key factors such as the broker’s regulatory status when evaluating whether it is worth the risk.
Rev Trading accepts payments only via Bitwallet, an online wallet service with global standards that allows users and services to be exchanged in multiple currencies. Funds can be deposited in this wallet using credit/debit cards and bank transfers.
Hence, a chargeback is the most likely solution to get a refund. If you deposited funds via MasterCard and VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days of the transaction.
As for bank transfers, you can request a recall but only if the transaction has not gone through yet. We can guide you through the process so please book a consultation with us.
Rev Trading is a virtually anonymous Forex trading scam, allegedly based in the United Kingdom. The main targets of this fraud were traders from the US, Japan, Canada, India, and the Philippines.
We stressed the importance of regulations and why it is better to trade under jurisdictions supervised by top-tier financial market watchdogs.
If you cannot withdraw your funds from Rev Trading, please book a free consultation with Global Fraud Protection. We boast a team of skillful professionals who can assist you with the chargeback procedure and recover your money as soon as possible.
Book your free consultation today and start the chargeback process.
Rev Trading is an anonymous Forex and CFD trading platform that allegedly offers the MT4 platform with high leverage.
Yes, Rev Trading is a trading scam. This platform is not licensed to provide Forex and CFD trading services.
The scheme is disguised as a Forex trading platform. If you lost money to this scam, we can help you get it back.
The post Rev Trading Review: Is This Forex Trading Platform Legit? appeared first on Global Fraud Protection.