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RadarFX Review – All you Need to Know About Ltd-FX.Com

Regulation and Security of RadarFX

RadarFX is one of the legitimate-looking websites behind a terrible scammy scheme. It’s a fraudulent project that delivers access to a very modest trading platform and uncertain trading conditions.

Keep reading this RadarFX review to learn more about this company’s fraud scheme. Let’s dive in!

Company RadarFX
Address n/a
Email [email protected]
Phone n/a
Minimum Deposit $1
Leverage 1:100
Bonuses $25, 20%, 25%, 35%
Regulation No
Warning n/a

Regulation and Security of RadarFX

Just like other fraudsters, RadarFX doesn’t say where it is based or if it has a license. There is a lack of corporation details and addresses on their web page.

Regulated legit brokers will often mention their licenses. Notably, only if you see a license, can you be certain that a broker is legitimate. Trading with a broker who won’t reveal its location is a bad idea. You will be putting your funds at risk.

Remember that it is hard to hold the scammers accountable as they always vanish. Moreover, there’s no regulation or institution behind them to start the process.

Note: Check out the web pages of Tier 1 regulators such as the FCA or BaFin. You will find no data regarding the scammy broker. Always assure that your provider is enlisted with these authorities. It will save you from any headache, by all means.

Trading Platform Overview

Sadly, there’s nothing good about this trading platform. At first, it may look like it is legitimate. However, it is extremely depressing. This is mostly true due to the fact that it relies solely on visuals and not on services. Also, it’s never been used by a legitimate entity.

It gets even worse, knowing that the web trader claims to be the MT5. This fake platform has nothing to do with the popular MetaTrader5. The MT5 is today’s leading platform. However, the one we have here is a limited software that many scam brokers use.

Important: Fake businesses offer online trading services without any license or real location. There’s also a lack of supervision on the part of the authorities. This makes them not only unsafe but risky too.

Funding Methods at RadarFX

Funding methods are bank cards, Mefete, and wire transfers. These options are redirecting people to very questionable sources. Some of these sources had nothing to do with the payment options themselves. It was all extremely fraud-like. The minimum deposit amount is $1.

It’s not possible to process a withdrawal without an additional deposit. In addition, there are almost no withdrawal details on the site. We can only see that the same methods for depositing apply to withdrawing.

There is no further information on withdrawals whatsoever. Also, there are no fees listed, and we know that most unlicensed brokers have these. Stay away from the RadarFX scam.

Tip: If a broker has violated any terms and conditions, that is a clear sign of a scam.

RadarFX Offer Bonuses and Promotions

RadarFX broker has various so-called bonuses. You will see the following types of bonuses on their page:

  • Trial bonus – $25
  • Meeting bonus – 35%
  • Account transfer bonus – 35%
  • Reference bonus – 20% (spelling issues found too)
  • Deposit bonus – 20%
  • ‘Stop out’ bonus – 25%

Trading bonuses are an indivisible part of the many scam brokers. Tempting as such hypes may appear at first, there’s always a catch. For instance, a minimum turnover condition you have to meet to be able to withdraw the bonuses.

Often, the trading volume conditions are so high that even skilled traders will have problems achieving them. Yet, what’s the most severe issue?

After that bonus is credited, they won’t let you distinguish between bonus funds and your deposit. Thus, fraudsters will deny your withdrawal requests and make an excuse.

Implementation of the Scam

It is the unwritten rule that trading is risky. This is correct even for proficient investors using reliable brokers. For beginners, there is also the risk of being fooled by the many scam brokers pretending to be legit brokerages.

These scam brokers will lure you with false promises of easy earnings. Frequently, these cyber frauds promise guaranteed returns. After you invest, they will persuade you that you are already profiting. Later on, they will encourage you to invest more.

Yet, your funds are lost. You will never see those pledged returns. This goes without saying!

RadarFX Summary

We aimed to save as many individuals as possible from losing funds. A general guideline is to review all the companies before you execute any transaction. Hopefully, this RadarFx review provided all the necessary information as to why you should stay away from this broker.

Are you serious about trading? You can always choose a reliable, licensed broker. Simply take a look at the table that we listed in this article.

FAQs About RadarFX Broker

Is RadarFX Regulated?

RadarFX is not a regulated broker. Be aware of that and avoid opening an account with them.

Is RadarFX a Trustworthy Broker?

No, it is not! RadarFX broker uses manipulative trading software and there are withdrawal issues.

What Funding Methods Does RadarFX Accept?

Funding options that RadarFX broker accepts are bank cards, Mefete, and wire transfers.

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