RC Bankers foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.rcbankers.com/register, about the company's legal and temporary regulatory information, the company's address .
RC Bankers Forex Broker
Basic information
Kuwait
2-5 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
Founded in 2020, RC Bankers was registered by Royal Chartered Bankers in Kuwait. It offers various trading assets, including forex, shares, metals, energies and indices. Besides, it also provides the most popular trading platform MT5. However, it is not regulated.
Pros and Cons
| Pros | Cons |
| Various trading assets | Not regulated |
| Multiple account types | No MT4 |
| Offer demo accounts | Many popular payment options are not supported |
| Flexible leverage ratios | |
| Commission-free for Royal and Pro accounts | |
| Popular trading platform MT5 | |
| Free deposits and withdrawals |
Is RC Bankers Legit?
Royal Chartered Bankers claims it is a company incorporated and existing under the laws of the Autonomous Island of Moheli with registration number HY0042032. However, it is not regulated by any financial authorities. Traders should be cautious.
What Can I Trade on RC Bankers?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
RC Bankers five account types: Royal, Pro, Elite, Robo and Corporate. Demoaccounts are also offered.
| Account Type | Min Deposit |
| Royal | $100 - $1 000 |
| Pro | $1 000 - $5 000 |
| Elite | $5 000+ |
| Robo | $1 000+ |
| Corporate | $20 000+ |
Leverage
The leverage of RC Bankers varies by different account types.
| Account Type | Max Leverage |
| Royal | 1:1, 1:100, 1:200 |
| Pro | |
| Elite | 1:1, 1:100 |
| Robo | 1:100 |
| Corporate | Custom tailored |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread and Commission
RC Bankers's minimum spread starts from 0.0 pips. And there is no commission fees for Royal and Pro accounts.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, IOS, Android, Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Deposit Options
| Deposit Option | MinDeposit | Fee | Processing Time |
| VISA / Mastercard | $100 | 0% | Instant |
| WARBA BANK | 2-5 working days | ||
| GULFCOIN | |||
| PERFECT MONEY | |||
| ASIAHAWALA | |||
| ZAIN CASH | Up to 24 Hours | ||
| BIILZ | / | in real-time |
Withdrawal Options
| Withdrawal Option | Fee | Processing Time |
| VISA / Mastercard | 0% | 2-5 working days |
| WARBA BANK |
FX1335069569
Malaysia
I’ve been trading with RC Banker’s Royal broker for several days, so far so good. Free trading sessions help me a lot and I enjoy its low spreads especially. I will continue to see if I can withdrawal my funds successfully.
Positive
2023-03-13