Rentalzi foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://rentalzi.com/Registration, about the company's legal and temporary regulatory information, the company's address The Gateway, Harbour City, 15 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong.
Rentalzi, established in 2020, is a global brokerage firm operating under the name Rentalzi Limited. The company is headquartered at The Gateway, Harbour City, 15 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong. Rentalzi is a privately held company, aiming to provide a diverse range of trading services to clients worldwide.
The primary market served by Rentalzi includes retail forex traders, institutional clients, and investors interested in trading various financial instruments. The firm has positioned itself as a provider of innovative trading solutions, catering to both novice and experienced traders.
Since its inception, Rentalzi has made significant strides in the online trading arena, focusing on enhancing its trading platform and expanding its product offerings. The company's business model revolves around retail forex trading, CFDs, and various asset classes, enabling clients to access global markets effectively.
As a relatively new player in the industry, Rentalzi aims to leverage cutting-edge technology and robust customer support to differentiate itself from competitors. With a focus on transparency and security, the firm endeavors to build a trustworthy relationship with its clients, thereby fostering long-term partnerships.
Rentalzi operates without regulation from any recognized financial authorities, which raises substantial concerns regarding its legitimacy. The absence of regulatory oversight means that there are no guarantees regarding the safety of client funds or the fairness of trading practices.
Currently, Rentalzi does not hold any regulatory licenses, and there is no registration number available for verification. This lack of oversight is a critical red flag for potential investors. The company claims to implement KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures; however, the effectiveness of these measures remains uncertain given the absence of regulatory authority.
Client funds are reportedly kept in segregated accounts, although the specifics of this policy are not clearly outlined. Furthermore, there is no mention of participation in any investor compensation schemes, which typically provide additional security for clients in the event of broker insolvency.
In summary, the lack of regulation, combined with unclear compliance policies, poses significant risks for traders considering engaging with Rentalzi.
Rentalzi offers a diverse range of trading products, including over 45 forex currency pairs and a variety of CFDs across multiple asset classes. The available instruments include:
The platform aims to continuously update and expand its product offerings, ensuring that traders have access to the latest market trends and opportunities. Rentalzi provides retail trading services, catering primarily to individual traders. However, there is no indication of institutional services or white-label solutions being offered.
Rentalzi utilizes a proprietary trading platform that is accessible via web browsers and mobile devices. Unfortunately, the platform does not support popular trading software like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are widely favored by traders for their advanced capabilities.
The web-based trading platform is designed to provide a user-friendly experience, featuring real-time charts, technical indicators, and rapid order execution. The platform claims to offer a seamless trading experience across various devices, including support for iOS and Android applications.
In terms of execution models, Rentalzi operates primarily as a Market Maker, which may introduce potential conflicts of interest. The company emphasizes fast execution times and offers leverage of up to 1:200, allowing traders to amplify their positions. However, the specifics of their server infrastructure and API access for automated trading are not disclosed.
Rentalzi offers several account types, each tailored to different trading needs and experience levels. The minimum deposit to open a standard account is $1,500, which is relatively high compared to industry standards. The available account types include:
The platform does not offer a demo account, which could hinder potential clients from testing the trading environment before committing funds. Rentalzi employs variable spreads, but specific details about the spreads and commissions are not readily available.
Rentalzi supports various deposit methods, including bank transfers, credit cards, and cryptocurrencies. The minimum deposit requirement varies by account type, with the lowest being $1,500.
Deposit processing times are generally quick, with no fees charged for deposits. However, the company does not provide clear information regarding withdrawal fees, which could lead to unexpected costs for clients. Withdrawal requests are typically processed within 1-5 business days, depending on the method chosen.
The lack of transparency regarding withdrawal limits and fees raises concerns about the ease of accessing funds, which is a critical aspect for any trading platform.
Rentalzi offers multiple customer support channels, including phone, email, and live chat. The support team is available during regular business hours, but response times may vary. The company claims to provide multilingual support, catering to a diverse client base.
In terms of educational resources, Rentalzi offers various materials, including:
However, the depth and quality of these resources have been reported as limited compared to other brokers in the industry.
Rentalzi primarily serves clients outside the United States, North Korea, and Iraq due to regulatory restrictions. The company aims to expand its reach in global markets, focusing on providing services to traders in Asia and Europe.
While Rentalzi has established a presence in Hong Kong, there is no clear information regarding regional offices or specific market coverage beyond its primary headquarters. The lack of regulatory oversight and the exclusion of certain countries may limit its appeal to potential clients seeking a secure and compliant trading environment.
In conclusion, while Rentalzi presents itself as a comprehensive trading platform, the absence of regulation, high minimum deposit requirements, and unclear trading conditions raise significant concerns for potential investors. It is crucial for traders to conduct thorough research and consider regulated alternatives before engaging with this broker.
Fx3578064
Canada
Rentalzi trading broker closed my account the website doesn’t reply me, I still have 180,000 US dollars in it that cannot be withdrawn which took a while to fix it
Exposure
2024-05-14
ScamVictim
United Kingdom
I started trading with Rentalzi, and they kept telling me to invest more with promised benefits. However I invested several times via my visa debit card and managed to complete chargebacks totally around £16,000. However I made one large deposit with Rentalzi via bank transfer to a Turkish bank account which I have attached a photo showing this for a total of £33,000.00gbp. I asked them to refund me, and they point blank refused saying that by doing the charge backs I had done something illegal. to this day they still have my £33,000.00 and I fear I may never see it again. I have also attached to this the trading screen after I had closed down all my trades, and asked them for my funds to be removed. this has put me in an unimaginable situation
Exposure
2024-05-13
Exposure UK Investor Exposes Rentalzi Scam: £33,000 Lost to Fraud
A UK investor shares their devastating experience with unregulated broker Rentalzi, warning others about their deceptive practices and lack of accountability.
Phylis
Hong Kong
Rentalzi nails it with their withdrawal options and trading platforms! Smooth transactions and a user-friendly interface make it a breeze to manage your investments.
Positive
2024-07-25