Rexmark Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!
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I can't sign in for so many times ever since August 15th. Later it became completely inaccessible. Service missing, website down.
I applied for withdrawal on the 12nd,June.But the fund hasn't been to my account yet on 24,July.The customer service always told me to wait day after day.
Rexmark, a Hong Kong-based forex broker established in 2018, has garnered significant attention in the trading community. However, its reputation is marred by serious concerns regarding regulatory oversight and user experiences. This review highlights the broker's strengths and weaknesses, particularly emphasizing its lack of regulation and the implications for potential traders.
Note: It is essential to recognize that Rexmark operates without valid regulatory oversight, which increases the risks associated with trading through this platform. This review aims to present a balanced view of Rexmark, combining user experiences, expert opinions, and factual data for a comprehensive understanding.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 1 |
| User Experience | 3 |
We rate brokers based on a combination of user feedback, expert analysis, and regulatory compliance.
Founded in 2018, Rexmark is a forex broker operating from Hong Kong. It primarily focuses on providing access to various trading platforms, including MT4 and MT5. However, it is crucial to note that Rexmark is not regulated by any significant financial authority, which raises serious concerns about its trustworthiness and the safety of traders' funds. The broker offers a range of asset classes for trading, but the absence of regulatory oversight makes it a risky choice for potential investors.
Regulatory Environment:
Rexmark operates without any regulatory oversight, which is a significant red flag for potential traders. According to various sources, including WikiFX, Rexmark has not obtained any valid regulatory licenses, making it vulnerable to operational risks. The lack of regulatory supervision means that traders might not have legal recourse in case of disputes or issues related to withdrawals.
Deposit and Withdrawal Methods:
Rexmark supports various currencies for deposits and withdrawals, but specific details regarding the available methods are scarce. Users have reported difficulties in withdrawing funds, with some claiming that their withdrawal requests were ignored or delayed indefinitely. This has led to a significant number of complaints about the broker, highlighting the risks involved in trading with Rexmark.
Minimum Deposit:
While the exact minimum deposit requirement is not clearly stated in the available sources, potential traders should be cautious and prepare for the possibility of high initial investments without the assurance of security.
Bonuses and Promotions:
Rexmark's promotional offerings are not well-documented, and traders should approach any bonuses with caution. Often, brokers without regulatory oversight utilize bonuses as a means to attract clients, which can come with stringent conditions that may complicate withdrawals later.
Asset Classes Available for Trading:
Rexmark provides access to a variety of asset classes, including forex, commodities, and indices. However, the specifics of these offerings are not detailed, which may indicate a lack of transparency in their operations.
Costs (Spreads, Fees, Commissions):
The available information does not clearly outline the costs associated with trading on Rexmark. Traders should be aware that hidden fees may exist, and it is advisable to review any fine print before committing funds.
Leverage:
Details regarding leverage options offered by Rexmark are not explicitly provided in the sources consulted. Traders should exercise caution, as high leverage can amplify both gains and losses, making it a double-edged sword.
Allowed Trading Platforms:
Rexmark supports popular trading platforms such as MT4 and MT5, which are known for their user-friendly interfaces and advanced trading functionalities. However, the lack of regulatory backing raises questions about the reliability of these platforms in practice.
Restricted Regions:
There is limited information on the regions where Rexmark operates or restricts access. Potential traders should verify whether they can legally trade with Rexmark based on their geographical location.
Customer Support Languages Available:
Rexmark offers customer support in two languages, primarily targeting Chinese-speaking clients. However, users have reported long wait times for responses, indicating that customer service may not be a strong suit for this broker.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 1 |
| User Experience | 3 |
Account Conditions:
The account conditions offered by Rexmark are subpar, primarily due to the absence of regulatory oversight and the potential for hidden fees. Users have expressed concerns regarding the transparency of account management practices.
Tools and Resources:
While Rexmark provides access to popular trading platforms, the lack of educational resources and market analysis tools is evident. Traders looking for comprehensive support may find Rexmark lacking in this area.
Customer Service and Support:
Customer service has received mixed reviews, with some users reporting satisfactory experiences while others have faced significant delays in response times. This inconsistency reflects a need for improvement in customer relations.
Trading Setup (Experience):
User experiences with trading on Rexmark have been varied. While some appreciate the platform's interface, others have reported issues with execution speeds and accessibility, particularly during high volatility periods.
Trustworthiness:
The trustworthiness of Rexmark is severely compromised due to its lack of regulation. Many users have voiced concerns about their inability to withdraw funds, leading to a significant number of complaints against the broker.
User Experience:
Overall user experience on Rexmark has been described as frustrating by many, particularly in light of the withdrawal issues and lack of regulatory protection. Traders should consider these factors before engaging with the platform.
In conclusion, while Rexmark may offer certain trading functionalities, the lack of regulatory oversight and the numerous user complaints suggest that potential traders should approach with caution. The risks associated with trading through this broker far outweigh any potential benefits, making it advisable to consider more reputable alternatives.
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