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RTSGold, also known as RTS Gold, is a forex broker that has garnered significant attention and controversy since its inception. While the exact founding date is not explicitly stated, the company has been operational for several years, primarily targeting retail traders looking to engage in forex and commodity trading.
RTSGold operates under the banner of RTS Global Limited. However, there is limited transparency regarding its ownership structure, leading to questions about its legitimacy and operational integrity.
RTSGold claims its headquarters is located at 232 New Cross Road, London, England. However, investigations reveal that this address is associated with other dubious investment platforms, raising concerns about the authenticity of its claimed location.
RTSGold offers its services globally, primarily focusing on retail traders interested in forex, commodities, and indices. The platform claims to provide access to various financial instruments, including over 30 forex currency pairs, stock indices, gold, silver, and oil.
RTSGold has not been registered with any major regulatory bodies, which has led to widespread allegations of operating without proper oversight. The company has claimed to be NFA approved, but this has been denied by the NFA (National Futures Association).
Since its inception, RTSGold has faced numerous allegations of fraud and scams. Many users have reported significant financial losses, claiming that the company engages in manipulative trading practices.
The company appears to have expanded its operations by targeting a global audience, particularly through online marketing and social media platforms. However, this expansion has been marred by negative reviews and complaints from customers.
While RTSGold has attracted a substantial number of clients, the growth has predominantly been due to aggressive marketing tactics and referrals from individuals posing as friendly traders. Many users have reported being scammed after being lured into trading with promises of high returns.
RTSGold primarily offers the MetaTrader 4 (MT4) trading platform, which is popular among forex traders. However, the platform's reliability and the integrity of trades executed through it have been called into question.
There are no significant awards or recognitions reported for RTSGold, and the company has not been acknowledged by reputable trading or financial organizations.
RTSGold claims to offer over 30 forex currency pairs for trading. However, the reliability of the pricing and execution has been questioned by numerous users.
The company provides trading options on various stock indices, although specific details about the available indices are not clearly outlined on their platform.
RTSGold offers Contracts for Difference (CFDs) on commodities such as gold, silver, and oil, giving traders the ability to speculate on price movements without owning the underlying assets.
In addition to forex and CFDs, RTSGold reportedly offers trading in cryptocurrencies and other commodities, although the specifics of these offerings are often vague.
RTSGold claims to provide personalized trading assistance and market analysis. However, many users have reported that these services are often misleading and serve to manipulate traders into making unwise financial decisions.
RTSGold operates without any valid regulatory oversight. It has not been registered with major regulatory bodies such as the FCA (Financial Conduct Authority) or the ASIC (Australian Securities and Investments Commission). This lack of regulation poses a significant risk to potential investors.
The company is registered as RTS Global Limited, but its operations and the legitimacy of its registration have been questioned. The absence of regulatory oversight raises concerns about its legal standing in various jurisdictions.
There are no known client fund protection measures in place, which heightens the risk for traders who deposit funds with RTSGold. Users have reported difficulties in withdrawing their funds after making deposits.
RTSGold claims to serve a global audience, but due to its lack of regulation, potential clients are advised to exercise caution regardless of their location.
RTSGold has a troubling compliance history, with numerous reports of scams and fraudulent activities. The absence of regulatory oversight means that there are no formal compliance checks or balances in place.
RTSGold faces competition from various other forex brokers, including:
RTSGold is positioned as a high-risk broker due to its lack of regulation and numerous negative reviews. It struggles to compete with more established and reputable brokers that offer better security and customer service.
The primary differentiating factor for RTSGold is its aggressive marketing tactics and claims of high returns. However, these claims are often viewed with skepticism due to the numerous allegations of fraud and manipulation associated with the company.
In summary, RTSGold presents a highly risky option for potential traders. The company's lack of regulatory oversight, combined with numerous allegations of fraud, suggests that individuals should exercise extreme caution before engaging with this broker. The absence of transparency in its operations and the troubling customer feedback further reinforce the need for potential clients to consider more reputable alternatives in the forex trading space.
For those interested in learning more about forex trading and safer investment options, it is advisable to research and choose brokers that are well-regulated and have a positive reputation in the industry.
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