RTSGOLD Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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I was fed up with its terrible trading platform, bad signals, useless charting tools…very lagging. What’s worse, its customer support was extremely stupid, knowing nothing about what I was taking about…
The RTSGold review reveals a troubling picture of this forex broker, which has been labeled a potential scam by multiple sources. Users report significant challenges in withdrawing funds, along with claims of misleading marketing tactics that promise unrealistic returns. The broker operates without clear regulatory oversight, raising concerns about its legitimacy.
Note: The existence of different entities operating under similar names across various regions complicates the evaluation of RTSGold. This review aims to provide a fair and accurate assessment based on available information.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 1 |
| Trading Setup/Experience | 2 |
| Trustworthiness | 1 |
| User Experience | 2 |
We rate brokers based on user feedback, expert opinions, and factual data found in RTSGold reviews.
RTSGold is a forex broker that claims to offer a range of investment opportunities, including forex currency pairs, commodities like gold and silver, and indices. The platform reportedly uses the popular MetaTrader 4 (MT4) trading platform, which is favored for its user-friendly interface and extensive analytical tools. However, the broker's domain was registered only recently, on September 28, 2023, raising red flags regarding its operational history and credibility.
Regulatory Regions:
RTSGold operates without clear regulatory oversight, which is a significant concern for potential investors. Multiple reviews highlight that the broker lacks registration with reputable financial authorities, making it difficult to ascertain its legitimacy.
Deposit/Withdrawal Currencies:
The platform reportedly accepts multiple currencies, but specific details regarding the supported currencies remain vague. Users have expressed frustration over withdrawal processes, with many claiming that once funds are deposited, accessing them becomes nearly impossible.
Minimum Deposit:
While some sources mention a minimum deposit as low as $1, the associated risks with such a low entry point should not be underestimated. Many users have reported that the broker encourages additional deposits with promises of higher returns, which often leads to financial losses.
Bonuses/Promotions:
RTSGold claims to offer enticing bonuses and promotions, which are common tactics used by questionable brokers to lure in new clients. However, these promotions often come with stringent withdrawal conditions, further complicating the financial landscape for investors.
Tradeable Asset Classes:
The broker claims to offer a variety of asset classes, including over 30 forex currency pairs and commodities such as gold and silver. However, the lack of transparency regarding these offerings raises concerns about their actual availability and the quality of execution.
Costs (Spreads, Fees, Commissions):
Users have reported high spreads and hidden fees, which are not clearly outlined on the broker's website. This lack of transparency is a red flag, as it indicates that traders may incur unexpected costs that could significantly impact their profitability.
Leverage:
The leverage offered by RTSGold is not explicitly stated, but high leverage is often associated with increased risk, especially in unregulated environments. Traders should approach leveraged trading with caution, particularly with a broker that lacks a solid reputation.
Allowed Trading Platforms:
The broker primarily offers the MT4 platform, which is well-regarded among traders for its analytical tools and ease of use. However, the reliability of the execution and the broker's infrastructure remains questionable, given the numerous negative reviews.
Restricted Regions:
There is limited information regarding specific regions where RTSGold is restricted, but potential clients should be aware that many unregulated brokers often target regions where regulatory oversight is weak.
Available Customer Service Languages:
Customer service appears to be a significant weakness for RTSGold, with users reporting difficulty in reaching support and receiving timely responses. The lack of a dedicated support team raises concerns about the broker's commitment to customer satisfaction.
| Category | Rating (out of 10) | Comments |
|---|---|---|
| Account Conditions | 2 | Limited transparency and high risks. |
| Tools and Resources | 3 | Basic tools available, but execution is questionable. |
| Customer Service and Support | 1 | Poor support, difficult to reach. |
| Trading Setup/Experience | 2 | Unclear execution quality, high spreads. |
| Trustworthiness | 1 | Significant red flags; potential scam. |
| User Experience | 2 | Negative experiences reported by users. |
Account Conditions:
According to various RTSGold reviews, the account conditions are highly unfavorable. Users have reported that once funds are deposited, withdrawing them becomes an arduous process, often leading to total losses.
Tools and Resources:
While the MT4 platform is a standard in the industry, the resources provided by RTSGold are limited. Users have noted that the broker does not offer adequate educational materials or research tools, which are essential for informed trading decisions.
Customer Service and Support:
Customer support is a major complaint among users, with many stating that they received no response to their inquiries. This lack of support can be detrimental, especially for new traders seeking guidance.
Trading Setup/Experience:
The trading experience on RTSGold is marred by reports of high spreads and execution delays. Users have expressed frustration with the platform's performance, indicating that it may not be suitable for active traders.
Trustworthiness:
The trustworthiness of RTSGold is heavily questioned, with multiple reviews labeling it a scam. The absence of regulatory oversight and the numerous negative user experiences contribute to this low rating.
User Experience:
Overall user experience is poor, with many individuals reporting significant financial losses and frustration with the broker's practices. The negative feedback is consistent across various platforms, indicating systemic issues.
In conclusion, the RTSGold review presents a concerning picture of a broker that operates in a gray area of the financial market. Potential investors are strongly advised to exercise caution and conduct thorough research before engaging with this platform.
