RPM Pros is another one of those shady anonymous companies. They can find you, and pester you with phone calls, but they themselves are ghosts. While we were writing our Review we couldn’t find anything – no phone, no address, only an email that nobody responds to, and a contact form which nobody reads.
RPM Pros scammers pay Review Seller Networks to leave positive impressions, but the bad testimonials keep piling up. The scammers behind RPM Pros have started attacking those who left the bad reviews, threatening legal action if they don’t withdraw their statement… But no amount of threats and bullying will keep us from digging up the truth! See the remainder of our RPM Pros Review to see what hides behind the veil of lies.
One of the quickest ways to check the company validity is through their credentials. Reputable companies that conduct business on the internet are always transparent, with clear information. This is not something we could say about RPM Pros, unfortunately. This broker hides almost all the corporate information, and that includes their licensing data.
We have noticed that the website is available in 2 languages – German, and US English. All of the German and English speaking nations have very strict regulation when it comes to brokerages. To understand how these countries protect the clients of such brokerages, we need to review which safety measures have been implemented over the years.
BaFIN is the main financial regulator in Germany, and FMA has jurisdiction in Austria. Both of these regulators are known as Tier-1, as they are both adherent to the MiFID agreement. This transnational agreement is dictated by another entity called ESMA, which has supervising jurisdiction in the EU.
In the EU, brokers need to provide a minimum of €730 000 of starting capital, as well as a compensation scheme of €20 000. Their transactions must be fully transparent, and a ban on any bonuses is in effect. Furthermore, brokers in the EEA are legally obligated to provide Negative Balance Protection, and Segregated Bank Accounts. Maximum leverage for securities is 1:30, and 1:2 for Cryptocurrencies.
In the US, the rules are somewhat different. They have a unique twin validation system, which is governed by CFTC and NFA. The CFTC dictates the regulatory rules, which require an initial capital of US$20 000 000. Negative Balance Protection and a Compensation Fund are not required in the US, and the bonuses are allowed. Segregated Bank Accounts are mandatory, and the same goes for transaction transparency. Max Leverage in the US is 1:50 for securities, and 1:5 for Cryptocurrencies.
RPM Pros don’t adhere to these rules, which makes them ineligible for a license in these jurisdictions. Their maximum leverage is 1:500, which puts the clients’ assets at a greater risk of loss. This platform also offers a bonus up to 100%, which is forbidden in the EEA.
Before we made a final verdict, we took the liberty of checking the regulators’ company registrars for any license RPM Pros might hold. BaFIN and FMA had no company information on this broker, and the same goes with NFA. Other Tier-1 regulators, including FCA, ASIC, CONSOB, FINMA and FSMA returned no results either, which means that RPM Pros provide their services without authorisation. This leads us to the conclusion that they are, indeed, a scam company.
When searching for client reviews for RPM Pros, you will see the telltale signs of fraudulent marketing. The website that hosts these personal reviews also posted a warning that they have removed a very large number of false testimonials, posted by Review Seller Networks.
The reviews that remain are mostly about some guy named Dani Aoun, who is allegedly a Real Estate Agent in Dubai… And we fail to see why someone would mention Real Estate when commenting on the work of a Forex Broker.
After you’ve skimmed through all these fake reviews, you’ll get a really bad impression. Here is what the actual clients of RPM Pros have to say:
This company is a scam, don’t invest.
They are based in South East Asia and looking to take your money. You will be able to get it back at all.
SCAM!!! Do not invest.
The fraudsters are quick to reply to these negative reviews with a message that says that they will flag the bad reviews as inappropriate, because they damage the company’s reputation. If you have nothing to hide, why would you do such a thing?
The RPM Pros Forex scam, like many others, employs a few different strategies in order to squeeze the money out of your pocket. They employ very charismatic people, who pretend to be financial experts, and contact you through the phone, email or other means. We call these people Boiler Room Agents, and they are the main workforce of RPM Pros.
These Boiler Room Agents are quite persuasive, and will direct you to the RPM Pro website, which is quite well made. Those who have not been engaged in Forex or Securities markets are met with incredible deals, high bonuses and low pricing.
Boiler Room Agents claim to be able to predict incredible market changes which will quickly multiply your investment… But then one transaction fails, and another, and another until your wallet is bled dry. Then, they will ask for more money. If you’ve been hooked on this sort of fraud, don’t be ashamed to ask for legal help – that might be the only way you’ll get your money back!
RPM Pros is a very recent development. Their website started operating only in the early 2023, but has still managed to defraud a large number of people. The scam victims of RPM Pros are predominantly from developed nations that have strong economies.
Here are the nations where RPM Pros scam is most widespread:
In the case you have been contacted by the agents of this company, or have already invested with RPM-Pros.com, we advise you to seek immediate legal advice. Our specialists are available through the live chat on this page.
Every scammer today brags that their software solution is in fact the next great advancement that will break the internet and bring incredible wealth to their clients. The financial reality does not work that way. Nobody can print money. RPM Pros are guilty of telling this same lie, but their Trading Platform is the rudimentary Web Trader.
Web Trader is a no-download, no-install web program that works from your Browser of choice. This Trading Platform has been around for a long time, and is quite obsolete by modern standards. Fraudsters use it because they can easily change the outcome of your trades, and make you lose money quickly.
When choosing a broker, seek one that supports the industry standard MT4, MT5 or cTrader software.
RPM Pros do not feature a separate Trading Application for mobile devices. Their Web Trader can be accessed through any portable device that has a Web Browser, however. We do not recommend this even with world-class brokers, because the interface is clunky and difficult to use. Swindlers like RPM Pros want you to trade on your mobile, so that you can have market access and lose money anytime, anywhere.
You won’t find any information on Trading Instruments anywhere on the RPM Pros website. You’d need to create an account and login to the Web Trader first. Even then, only one instrument will be presented to you – BTC/USD, and you will need to dig around for more information.
Fortunately, we dig around we did, and we found out that RPM Pros offers this selection:
Here is what they look like at RPM Pros:
That’s your lot when you trade with RPM Pros. If you are an Islamic trader and require a swap-free Shariah account, you can forget it. There are no special account types available.
As we’ve mentioned before, there are no special Account Types available. RPM Pros also exclude a Demo Account as well. The lack of this all-important market testing tool would be quite problematic with a regulated broker… But RPM Pros is problematic for all other reasons, so we were not even surprised when we didn’t find a demo.
The spreads are somewhat higher than with regulated brokers, starting at 1.5 Pips, but only for the lower-tier accounts. The higher-tier accounts have spreads of 0.0 Pips.
There is no information on any fees, or commission, unfortunately… Well, that isn’t completely true. The Terms & Conditions document does clearly state that the client is responsible for any shipping fees their order might incur. We’d like to know how much it would cost to ship a standard container full of Doge Coins to our location?
We have mentioned how Deposit Bonuses are forbidden in many parts of the world. This does not stop RPM Pros from offering these bonuses to pretty much anybody, anywhere. Again, the bonuses are connected to different account types.
The cheaper account types offer a bonus starting with 30%, while the more expensive ones yield as much as 100% the deposited amount. We’d like to take this opportunity to remind you that there is no such thing as free money. Deposit bonuses with scam brokers come with serious caveats which will effectively lock you out of the ability to withdraw money in the future.
The RPM Pros broker website does not mention anything about withdrawals, and the same goes with their Terms & Conditions. When we logged in to the RPM Pros Web Trader, we managed to get to the withdrawal page that does contain the option to withdraw by Credit Card.
The funny thing is, the broker requires you to give them a “reason of withdrawal”. We haven’t seen this anywhere else, honestly.
Jokes aside, we have been contacted by a rather large number of people who complain that they can’t withdraw from RPM Pros. Should you find yourself in a similar position, feel free to contact us with your issues. Our recovery experts are on hand to help you resolve your payout problems with RPM Pros.
RPM-Pros is an active Forex trading Scam website that employs Boiler Room Agents. They also rely on Review Seller Networks to flood the internet with false positive reviews in order to attract more customers. The company lacks any regulatory license, and provides their service without authorisation.
The scammers think that this makes them exempt from the laws, but we know different. If you have had a bad experience with RPM Pros, we would like to hear your story. With enough evidence we can bring these miscreants to the authorities.
In the case you have deposited money with RPM Pros, and now the scammers don’t want to permit you to withdraw, you should consider contacting our team of legal experts. You may book an absolutely free first consultation using the Live Chat option on our website for the quickest response. Don’t delay – the more you wait the slimmer your chances of recovery become.
RPM Pros is a scam company that pretends to be a forex broker. They have a very bad reputation on the internet, as they have already scammed a large number of people. If you, or somebody you know, has been defrauded by these people, contact our recovery experts for legal help in recovering your lost assets.
The RPM-Pros minimum deposit is $250. This is not a large sum of money when compared to other scam brokers, but you should remember that regulated brokers today allow trading with as little as $10 on their Micro Accounts.
RPM Pros does not have a dedicated mobile device. You may still access their Web Trader through you mobile devices’ Web Browser.
RPM Pros is a scam company that pretends to be a forex broker. They have a very bad reputation on the internet, as they have already scammed a large number of people. If you, or somebody you know, has been defrauded by these people, contact our recovery experts for legal help in recovering your lost assets.
The RPM-Pros minimum deposit is $250. This is not a large sum of money when compared to other scam brokers, but you should remember that regulated brokers today allow trading with as little as $10 on their Micro Accounts.
RPM Pros does not have a dedicated mobile device. You may still access their Web Trader through you mobile devices’ Web Browser.
The post RPM Pros Review – All The False Testimonies Can’t Hide The Ugly Truth appeared first on Global Fraud Protection.
