Refinitiv Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Business
License
FCA Suspicious Clone 
Refinitiv is a very professional financial data provider, and their data covers a wide range of markets and asset classes across the globe, allowing me to better understand market dynamics and industry trends. Their platform is easy to use, the data is highly reliable, the quality of service is good, and overall, a very trustworthy financial data company.
In this comprehensive review of Refinitiv, we delve into the various aspects of this forex broker to help you make an informed decision. Overall, the feedback on Refinitiv tends to lean negative, with significant concerns regarding its regulatory status and user experiences. Many sources indicate that Refinitiv operates under a suspicious clone of a regulatory license, raising red flags about its legitimacy and safety for traders.
Note: The existence of different entities operating under the Refinitiv name across various jurisdictions is a relevant factor. We have taken steps to ensure fairness and accuracy in our evaluation.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
| Additional Category | N/A |
We evaluate brokers based on user feedback, expert opinions, and available data.
Founded in June 2018, Refinitiv is primarily known as a financial data provider rather than a traditional forex broker. The platform offers various trading solutions, including forex, commodities, and derivatives. However, it is crucial to note that Refinitiv operates under a suspicious regulatory license from the Financial Conduct Authority (FCA) in the UK, which has raised concerns about its legitimacy. The platform does not support popular trading platforms like MT4 or MT5, which are commonly preferred by traders.
Refinitiv claims to be regulated by the FCA under a license number (195598). However, multiple sources describe it as a "suspicious clone," indicating that it may not be operating under a legitimate regulatory framework. This lack of robust regulation poses a significant risk for potential investors [source: WikiFX].
There is limited information available regarding the specific currencies supported for deposits and withdrawals. Users have reported difficulties in withdrawing funds, which is a common complaint associated with unregulated brokers [source: Reliable Forex Broker].
The minimum deposit required to open an account with Refinitiv is not explicitly stated in the available reviews, which raises concerns about transparency. This lack of clarity can be a red flag for potential traders looking for straightforward terms.
Information regarding bonuses or promotional offers is scarce. This could indicate a lack of competitive incentives for traders, which is often a strategy employed by more reputable brokers to attract clients.
Refinitiv provides access to a range of asset classes, including forex, commodities, and derivatives. However, the specific offerings may not be as extensive as those provided by more established brokers, which can limit trading opportunities for users.
The cost structure, including spreads and commissions, remains unclear based on the available data. This ambiguity can lead to unexpected costs for traders, further complicating their trading experience.
The leverage options offered by Refinitiv are not well-documented, which is a crucial factor for traders looking to maximize their trading potential. Lack of information in this area can lead to confusion and potentially unfavorable trading conditions.
Refinitiv does not appear to support popular trading platforms like MT4 or MT5, which are widely used by traders for their user-friendly interfaces and robust functionalities. This limitation could deter potential clients who prefer these platforms.
There is no comprehensive list of restricted regions for Refinitiv users, but it is advisable for potential clients to research their local regulations before engaging with this broker.
Customer support options are limited, with reports of long wait times and inadequate responses. The primary language of communication appears to be English, which may not cater to a global audience effectively.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Experience | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
| Additional Category | N/A |
Refinitiv's account conditions are subpar, with a score of 3 out of 10. The lack of clarity regarding the minimum deposit and withdrawal options raises concerns about transparency and trust.
The tools and resources available on the platform score a moderate 4. While there are some educational materials, they do not match the comprehensive offerings of more established brokers.
Customer service receives a low score of 2 due to reports of long wait times and inadequate support. Users have expressed frustration over their inability to resolve issues promptly.
The overall trading experience is rated at 3. The absence of popular trading platforms and the unclear cost structure contribute to a less favorable trading environment.
Trustworthiness is a significant concern, with a score of 2. The suspicious regulatory status and negative user feedback highlight the potential risks involved in trading with Refinitiv.
User experience is rated at 3, reflecting the frustrations reported by clients regarding withdrawal difficulties and customer support issues.
In conclusion, the Refinitiv review paints a concerning picture of a broker that lacks the necessary regulatory oversight and customer support expected from a reliable trading platform. Potential traders are advised to exercise caution and consider more established and regulated options in the forex market.
