RevolutExpert Review - Scams in the Forex market
The Internet broker RevolutExpert, operating in Britain, is considered a criminal with a bad reputation.
When we go to the official website of RevolutExpert - Revolutexpert.ltd, we will find out that this organization offers brokerage services for trading in the Forex financial market in the UK. RevolutExpert also provides services for financial transactions.
Our specialists studied the RevolutExpert website, got acquainted with the conditions of operations, made a ride to get at least test access to the programs, studied the existence of documents, the region of the company's registration.
With the help of the information received, we will find out: RevolutExpert - a scam or not?
In addition, we will explain to you how not to fall for the bait of scammers, about their methods of operations. We will tell you the necessary information in order to save money safely.
RevolutExpert is offshore
A serious sign that indicates that Revolutexpert.ltd are bandits is the state of registration. Documentally, the organization is registered in the Marshall Islands, which is already in doubt, since the company operates in Britain. Offshore states are popular with scammers due to the lack of legislation and executive power.
In addition, this region does not have permission to work on the Forex market.
Moreover, when our employees tried to find the real address, mentions of the owners and directors of Revolutexpert.ltd, they failed to reveal anything.
This shows that Revolutexpert.ltd is a fake online broker, interaction with which can result in serious financial losses.
Lack of information about the directors of Revolutexpert.ltd
After examining the site, our experts could not reveal the truthful information about the directors of Revolutexpert.ltd. No physical address, no phone numbers or other means of contact.
Typically, this means that the actual directors are trying to hide their identity in order to evade accountability for their crimes. And even if you manage to contact one of the managers of RevolutExpert, then everything will end there, and the organizers of the fraudulent organization will remain at large.
RevolutExpert, website - RevolutExpert, has been around for less than a month
The Revolutexpert.ltd website talks about significant experience in the Forex market.
The main method of site analysis is obtaining information about its domain. As a rule, they indicate the period of existence of the domain, the contact details of its owner.
In a specific case, the Revolutexpert.ltd domain name exists for less than thirty days, and information about the legal or natural person owning it is hidden. Another evidence that the management of RevolutExpert is trying to remain anonymous.
Such a desire can be understood, but not when it comes to a financial company acting as an intermediary between the client and the Forex financial market.
At the same time, RevolutExpert themselves assure clients that they have been working effectively on Forex for a long time.
Revolutexpert.ltd does not have a demo period
It is a common practice for Internet brokers to give their clients a demo version of their software so that they can get acquainted with the interface and test their skills in trading on the Forex market with virtual currency.
Unfortunately, on the Revolutexpert.ltd website, we did not find information about the trial period, the ability to try the programs.
We assume that the directors of the Revolutexpert.ltd organization are most likely not going to give users test access to paid software, as one of them may suspect something is wrong.
Broker Revolutexpert.ltd works with a negative account
Registered organizations that trade on the Forex market do not use a negative balance in their activities. By law, the user of an online broker cannot spend more than what is currently on his balance sheet. In those rare cases when the account still goes into negative territory, the debt must be repaid not by the client, but by the organization that provided the services.
Because of this, legal Internet brokers do not use a negative account in their work.
And yet, RevolutExpert offers its users to work with a negative score, that is, on credit.
What is it for?
To drive the client into debt and start extorting a loan. This is one of the most commonly used methods of fraud that scammers use.
In the event that this happened, you need to know that the deceivers have no way to knock out finances under British law. Absolutely all methods of pressure on customers are illegal. The most that criminals can do is call, send letters with demands.
It is impossible to cooperate with RevolutExpert, since all attempts to reach an agreement will result in new losses.
Revolutexpert.ltd operate with a credit ratio of 1 to four hundred or more
Already, it becomes clear that RevolutExpert are scammers. However, let us point out one more fact, namely the existence of an extremely high credit ratio.
Leverage is the ratio of the finances of users and online brokers when making a trading operation. It allows you to make significant transactions for clients who do not have large amounts of money.
In order to protect Forex users, in developed countries, the current legislation provides for the use of credit leverage with a maximum ratio of one to thirty, in rare cases fifty.
At the same time, RevolutExpert uses a leverage of 1 to four hundred to make money on Forex.
Such an attitude is allowed in Switzerland, as companies registered in this state enjoy high confidence. However, RevolutExpert is not registered in this country.
In fact, RevolutExpert is not allowed to trade Forex with such leverage due to the high risk for users. Accordingly, this is used to force the trader not only to transfer more personal money, but also to drag him into loans.
RevolutExpert Local Branches
It is considered important for a financial firm to have local offices in civilized regions, even if the activity is carried out exclusively in England. So RevolutExpert informs that in addition to an impressive number of awards, they have local branches in England, Australia and other civilized regions, as well as about thousands of qualified specialists.
It is easy to check the availability of these offices. After all, there are specialized structures that regulate the actions of online brokers. In the UK, this is FCA, and for example, Australia - ASIC.
Accordingly, a law-abiding firm must have permits from these or other organizations that will prove their ability to provide services for trading operations on the Forex market, indicate the degree of responsibility.
However, having studied specialized web sites, our staff could not find them. Which once again confirms the fears.
For registration on Revolutexpert.ltd, you need to transfer personal data
As we mentioned earlier, RevolutExpert does not have a demo period and, accordingly, in order to gain access, you must immediately transfer the minimum deposit to RevolutExpert scammers. Also, access to the Revolutexpert.ltd personal account is possible only upon successful completion of identity verification.
This means that RevolutExpert requires its users to provide information such as:
- Information about an individual (passport, etc.);
- Data on the permanent place of residence (receipt for a communal apartment);
- Information about qualifications, length of service, place of work.
In addition, during the initial transfer, fraudsters can gain access to bank card information.
Together, this information can enable the bandits to issue a loan for a trader, or carry out other shady schemes.
Since it is necessary to transfer personal information to register on the official website Revolutexpert.ltd, we have not been able to get access to the RevolutExpert personal account as well as the software for trading in the Forex market.
Real reviews about RevolutExpert
An extremely important step in exposing RevolutExpert is the study of user reviews.
A detailed study of the search results on the Internet gave us the following information:
- Most of the reviews and mentions of RevolutExpert on the Internet are fake. These are template positive reviews and mentions of the paid type;
- All true reviews about RevolutExpert are negative. Our experts were unable to identify plausible reviews and comments from former users of Revolutexpert.ltd, which report good earnings, efficient trading.
- Negative reviews are associated with fraudulent activities, theft of funds, artificial creation of debt.
Therefore, reviews of RevolutExpert indicate that the online broker in question is a scam.
Contact information and documents RevolutExpert
Studying references on Revolutexpert.ltd, our experts have identified many dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If a broker is not associated with regulatory firms, then its users simply have nowhere to turn for help.
On the "Contacts" page, our employees 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 the Forex financial market online broker? Make sure you can take money from him.
Studying the user agreement on the RevolutExpert website, our employees did not find clear information about the methods of withdrawing funds. In addition, our experts saw a mention of fees for a long inactivity of the account, but there was no data on the size. Since the criminals do not work in the legal field, it is impossible to protest these requisitions.
Therefore, if the client has completed cooperation with RevolutExpert, they may start calling and spamming demanding to pay the fine.
How does RevolutExpert operate?
The user search method that RevolutExpert uses is also alarming.
Fake social media accounts are used for advertising, in which non-existent bloggers broadcast about how they instantly managed to earn income by working in the Forex financial market with the help of RevolutExpert. Advertising profiles show expensive cars and houses, trips to resorts and other manifestations of a prosperous life.
Fakes promise instant profit growth, for which you do not need to learn or make efforts.
When a user contacts them, RevolutExpert employees confirm the reality of instant profit, as well as the unique features of their programs that will allow you to immediately get a big income.
Then various manipulations are put into operation, allowing you to get the maximum amount of investment from the user. For example, a fake profit can be arranged for a client to inspire them to transfer more finances.
If the work on the Forex market becomes unprofitable, the manager will recommend transferring even more in order to compensate for the losses.
RevolutExpert managers act according to manuals created by experienced manipulators. They study information about the trader in order to put pressure on weak points, to lure out even more finances.
One way or another, all this will lead to one of two endings:
- If you decide to withdraw money before you are in debt, you will be fined, your account will be closed, and everything will be done to force you to pay more;
- If you allow the bandits to drive the balance into a loan, there will be threats, the bandits will begin to demand to repay the fake loan.
An additional way to earn money for RevolutExpert can be the sale of your confidential data to third parties. We think that, as a result, detailed information about you can be obtained for a modest amount on some anonymous service on the shadow Internet.
It is likely that as a result of this, various swindlers, managers, etc. will call you more often. You should also wait for calls from Revolutexpert.ltd accomplices, who will offer a "return" of lost finances, of course for a fee.
Since RevolutExpert does not operate in the legal field and keeps incognito, Revolutexpert.ltd cannot be made liable under applicable laws in England. The organizers of the fraudulent company are carefully hiding and, at best, the police will be able to arrest one of the "managers".
Is it worth working with RevolutExpert?
It is forbidden!
If you plan to give finances to criminals, then transfer them to a good cause.
Let's briefly list the facts that indicate that RevolutExpert are scammers:
- No official registration;
- No demo period;
- Lack of information about the owners of the organization;
- The phone number is seen in fraudulent transactions;
- Negative account;
- Credit ratio greater than one to fifty;
- Negative reviews;
- False data on the website.
Our review of RevolutExpert is over. It is clear that RevolutExpert are criminals.
We have compiled a complete list of brokers that you cannot work with.