REVIVE TRADING GROUP Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Software Index
License
After trading on the platform for some time, I wanted to apply for a withdrawal, but the platform website could not be opened. I suspected that it was a black platform and had run away.
In the ever-evolving landscape of forex trading, Revive Trading Group has emerged as a broker that raises significant concerns among users and experts alike. This review synthesizes insights from various sources, highlighting both the potential risks and the limited offerings of this broker. A notable feature of Revive Trading Group is its lack of regulation, which has led to numerous complaints regarding fund withdrawals and overall trustworthiness.
Note: It's crucial to recognize that Revive Trading Group operates under different entities across regions, which may impact user experience and regulatory oversight. This review aims to provide a fair and accurate assessment based on available data.
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 4 |
| Trading Setup/Experience | 2 |
| Trust Level | 1 |
| User Experience | 2 |
We assess brokers based on user feedback, expert opinions, and factual data from reliable sources.
Revive Trading Group, established in 2021, is registered in the British Virgin Islands. The broker offers a range of trading instruments across various asset classes, including currencies, commodities, stock indices, and digital currencies. However, it operates without any valid regulation, raising significant concerns about the safety of clients' funds. Revive Trading Group utilizes the popular MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced charting capabilities.
Revive Trading Group currently lacks any form of regulatory oversight. This absence of regulation is alarming, as it suggests a lack of adherence to industry standards and client protection measures. According to various reviews, this has led to a high risk of financial loss for traders, as there are no governing bodies to hold the broker accountable.
The broker primarily supports USD for deposits and withdrawals. However, user complaints indicate significant issues with fund withdrawals, with many alleging that they have been unable to access their funds after making deposits.
Information regarding the minimum deposit requirements is sparse, with some sources indicating that the broker does not provide clear guidelines on this front. This lack of transparency can be a red flag for potential clients.
Revive Trading Group does not prominently advertise any bonuses or promotions, which is a common practice among many reputable brokers. The absence of attractive offers could be seen as a lack of competitive edge in the market.
Traders can engage in various asset classes, including major, minor, and exotic currency pairs, stock indices, commodities like gold and silver, and cryptocurrencies. However, the execution quality has been criticized, with reports of severe slippage and high spreads, raising questions about the integrity of trade execution.
User reviews consistently highlight concerns about the costs associated with trading on the platform. Many users report spreads that are significantly higher than industry standards, leading to increased trading costs. Additionally, the lack of transparency regarding other fees and commissions adds to the apprehension.
The broker offers leverage options, but specific details regarding the maximum leverage available are not clearly stated. This vagueness can lead to confusion among traders regarding their risk exposure.
Revive Trading Group exclusively offers the MT4 trading platform, which is a standard in the industry. While MT4 is well-regarded, the absence of other platforms may limit options for traders looking for specific features or functionalities.
Revive Trading Group does not accept clients from several regions, including Canada, Romania, and the United States, which may limit its potential customer base. This restriction is often a sign of a broker's regulatory status and willingness to comply with international laws.
Customer support appears to be available through multiple channels, including WeChat, email, and online messaging. However, the effectiveness and responsiveness of this support have come under scrutiny, with many users reporting delays in receiving assistance.
| Category | Rating (Out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 4 |
| Trading Setup/Experience | 2 |
| Trust Level | 1 |
| User Experience | 2 |
Account Conditions (2/10): The lack of transparency regarding minimum deposit requirements and withdrawal issues significantly impacts the account conditions rating.
Tools and Resources (3/10): While MT4 provides basic trading tools, the absence of additional resources or educational materials limits traders' ability to enhance their skills.
Customer Service and Support (4/10): Although multiple support channels are available, the quality of service has been questioned, with many users experiencing slow responses.
Trading Setup/Experience (2/10): High spreads and slippage have been reported, indicating a poor trading experience that can lead to financial losses.
Trust Level (1/10): The absence of regulation and numerous complaints about fund withdrawals contribute to a very low trust level.
User Experience (2/10): Overall user feedback suggests a widespread dissatisfaction with the platform, particularly concerning the ability to withdraw funds.
In conclusion, the Revive Trading Group review reveals a broker fraught with issues that potential traders should carefully consider. The combination of regulatory absence, poor user experiences, and high trading costs positions this broker as one to approach with extreme caution.
FX Broker Capital Trading Markets Review
