RevolutExpert broker - fraudsters. Forex scams reviewJulius Conley 10 / March / 22 Visitors: 313
Broker RevolutExpert, operating in the UK, is considered a criminal with an unclean notoriety.
When we go to the official website of RevolutExpert - Revolutexpert.ltd, we will find out that our organization provides brokerage services for Forex trading in the UK. In addition, RevolutExpert provides programs for financial transactions.
Our employees explored the RevolutExpert website, got acquainted with the terms of action, tried to get test access to the programs, investigated the availability of papers, the region where the company was registered.
With the help of this information, we will find out: RevolutExpert - scam or not?
In addition, we will explain to you how not to fall into the hook of deceivers, about their methods of action. We will give you the information you need to keep your money safe.
RevolutExpert is offshore
The main call saying that Revolutexpert.ltd are criminals is the country of residence. The company is documented in the Marshall Islands, which is already suspicious, since the company operates in England. Offshore regions are popular with scammers due to the lack of legislation and regulation.
Also, this state does not have permission to work on the Forex market.
Moreover, when our employees tried to find a legal address, mentions of the owners and directors of RevolutExpert, they could not find anything.
This suggests that RevolutExpert is an illegal broker, interaction with which can result in significant financial losses.
Unable to find information about the owners of RevolutExpert
Having studied the site, our employees could not find reliable information about the management of Revolutexpert.ltd. No address, no phone numbers or other means of contact.
Usually, this means that the leaders are trying to hide themselves in order to hide from responsibility for their crimes. If you manage to catch one of the managers of RevolutExpert, then this will all end, and the actual owners of the criminal firm will remain free with the money.
RevolutExpert, website - Revolutexpert.ltd, has been up and running for less than a month
The official website of RevolutExpert talks about the extensive experience of operations in the Forex market.
The main method of studying any website is to obtain information about the domain name. Most often, they indicate the period of operation of the domain, the contact information of its owner.
In this case, the domain name Revolutexpert.ltd is valid for less than one month, and all data about the person who owns it is classified. Another evidence that the RevolutExpert management is trying to maintain its anonymity.
This desire can be supported, but not when it comes to a financial organization that works as an intermediary between a client and Forex.
In addition to this, RevolutExpert assures users that they have been successfully working on Forex for a long time.
Revolutexpert.ltd has no demo period
It is a common practice for brokers to give traders a demo version of their services so that they can familiarize themselves with the interface and try their hand at Forex trading with virtual currency.
Unfortunately, on the site Revolutexpert.ltd, we could not find any mention of a trial period, the ability to test the software.
We think that the organizers of the Revolutexpert.ltd organization are most likely not going to provide users with demo access to their software, as one of them is able to suspect a scam.
Online broker Revolutexpert.ltd operates with a negative balance
Legal firms that operate in the Forex market do not use a negative account in their activities. According to the law, a broker user is not able to spend more than what is currently on the balance sheet. In those situations when the account goes into a negative value, the loan must be repaid not by the user, but by the organization that has provided its services.
Therefore, honest Internet brokers do not use a negative account in their work.
However, Revolutexpert.ltd provides its users with trading with a negative balance, that is, on credit.
What is it for?
To drive the user into debt and extort him to repay the loan. This is one of the most popular methods of deception used by financial scammers.
If this happens, you need to know that scammers do not have the opportunity to knock out money in accordance with the laws of Great Britain. Any means of influencing users is illegal. The most that scammers are capable of is calling, sending messages with demands.
You cannot work with Revolutexpert.ltd, as all agreements will result in new expenses.
Revolutexpert.ltd operate with a credit ratio of one to four hundred or more
Already now, it becomes clear that RevolutExpert are bandits. And yet, let's pay attention to another fact, namely the existence of too high a credit ratio.
The credit ratio is the ratio of the finances of traders and online brokers when making a transaction. Leverage makes it possible to close large trades for traders who do not have access to large funds.
In order to protect Forex clients, in civilized countries the legislation provides for the use of leverage with the highest ratio of 1 to thirty, sometimes 50.
At the same time, RevolutExpert applies a credit leverage of 1 to 400 for trading operations in the Forex financial market.
This ratio is allowed in Switzerland, as companies registered in this country enjoy considerable credibility. However, RevolutExpert is not registered in this state.
In fact, RevolutExpert are not allowed to trade in the Forex market with such leverage, due to the high risk to clients. Actually, this is used solely to force the user to invest more money, but also to drive him into loans.
RevolutExpert Local Offices
It is considered solid for any company to have local offices in civilized regions, even if the work takes place exclusively in Britain. Therefore, RevolutExpert reports that in addition to a significant number of awards, they have local offices in the UK, Australia and other developed regions, as well as about thousands of competent employees.
It is easy to check the existence of these offices. Since there are specialized organizations that regulate the activities of Internet brokers. In England it's FCA, and in Australia it's ASIC.
That is, a law-abiding company must have official documents from these or other organizations that will prove their right to provide services for making money on the Forex financial market, regulate the level of responsibility.
However, after analyzing the relevant websites, our employees could not find them. Which once again confirms our suspicions.
For registration on Revolutexpert.ltd, it is necessary to transfer confidential data
As we said earlier, RevolutExpert does not have a demo period, and therefore, in order to gain access, you must immediately pay the minimum contribution to the RevolutExpert bandits. In addition, access to the Revolutexpert.ltd personal account is possible only upon completion of user confirmation.
This means that RevolutExpert requires its customers to provide information such as:
- Information about an individual (passport, driver's license, etc.);
- Information about the permanent place of residence (payments for a communal apartment);
- Data about qualifications, place of work, experience.
Also, with the initial payment, scammers are able to access bank account information.
As a result, this information may enable fraudsters to transfer a loan to a client, or to carry out other illegal actions.
Since registration on the Revolutexpert.ltd website requires sending your confidential information, our specialists have not received access to the RevolutExpert personal account or the Forex trading software.
Real reviews about RevolutExpert
The most important step in exposing RevolutExpert is the analysis of user reviews.
The search results yielded the following information:
- Most mentions and reviews of RevolutExpert on the Internet are fake. These are the same positive reviews and custom-made comments;
- All true reviews and references to RevolutExpert are negative. Our experts were unable to find plausible references from former clients of Revolutexpert.ltd, which report high earnings, effective activities.
- Negative reviews and comments are caused by illegal activities, theft of funds, artificial creation of debt.
Therefore, real reviews of RevolutExpert report that this Internet broker is a criminal.
Contact details and official papers RevolutExpert
Analyzing the information on Revolutexpert.ltd, our staff found a lot of dubious digital documents that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an Internet broker is not associated with regulatory firms, then traders simply have nowhere to turn for help.
On the "Contacts" page, our experts found a phone number. It turned out that it had already been used by an illegal internet broker. Also, there are many reviews on the network about fraudulent activities associated with the phone number listed on Revolutexpert.ltd.
Withdrawing money from Revolutexpert.ltd
Are you going to make money with the help of a Forex broker? Make sure you can take money from him.
After analyzing the client agreement on the official website of RevolutExpert, our employees did not find clear information about the methods of withdrawing funds. Also, our experts saw a mention of penalties for account inactivity, but did not find information about the amounts. Since the scammers do not operate in the legal field, it is impossible to protest these fees.
Because of this, if the user has finished working with RevolutExpert, they can call and write messages demanding to pay a fine.
How does RevolutExpert operate?
Causes concern and the method of searching for new users, which uses RevolutExpert.
Fake profiles in social networks are used for advertising, in which non-existent users report how they instantly managed to get income by making transactions on the Forex market with the help of RevolutExpert. Fakes expose expensive cars and jewelry, trips to resorts, and other indicators of a rich life.
Bots promise rapid earnings, for which you do not need to learn or make efforts.
If the user gets in touch with them, RevolutExpert employees confirm the possibility of a quick income, as well as some unique features of their software that allow you to instantly earn serious income.
Then all sorts of manipulations are used, making it possible to receive as many deposits from the client as possible. For example, a fake profit can be created for a client in order to provoke him to invest more funds.
When trading on the Forex market becomes unprofitable, a representative of the organization will offer to invest more to compensate for the losses.
RevolutExpert employees work on algorithms that are created by qualified psychologists. Criminals analyze information about a trader in order to influence vulnerabilities and get even more investment.
One way or another, everything will lead to one of the results:
- When you decide to get finance before you find yourself in loans, you will be charged fees, freeze your balance, and do everything to make you pay more;
- When you allow criminals to drive into a credit account, threats will arise, bandits will extort a non-existent loan.
An additional method to earn income for RevolutExpert may be the transfer of your personal data to third parties. Most likely, as a result, comprehensive information about you can be bought for a moderate amount on an anonymous service on the dark web.
Surely, after that, all sorts of scammers, managers, etc. will call you. You should also wait for messages from Revolutexpert.ltd accomplices, who will begin to offer a "return" of lost investments, of course for a fee.
Since RevolutExpert does not operate in a regulated field and remains anonymous, they cannot be forced to respond under current law in England. The owners of the fraudulent company are diligently hiding and, at best, the police will be able to catch one of the “employees”.
Can RevolutExpert be trusted?
In no case!
Only if you plan to transfer finances to bandits, then give them to a good cause.
Let's briefly list the facts that testify that RevolutExpert are criminals:
- No official registration;
- No trial period;
- There is no data on the owners of the firm;
- Phone number found in shady operations;
- Negative balance;
- Credit ratio greater than one to fifty;
- Negative reviews;
- False data on the website.
This is the end of the RevolutExpert review. Clearly RevolutExpert are scammers.
We have compiled a list of brokers, that we recommend avoiding.