RB Bitdeal Review: All the Lies Behind This Scam Broker

RB BitDeal is the type of broker who tries to mislead its customers into believing it’s credible by listing numerous financial regulators and claiming to be licensed by them.

Unfortunately this firm is as far from being reputable as possible. It doesn’t hold a forex license and isn’t authorized by any financial watchdog. What’s more, the leverage and payment methods it provides are highly disadvantageous and even insecure.

Its website is also very plain and looks unprofessional for sure. So, if you are considering investing in stocks, shares, commodities or forex currencies for instance, choosing RB BitDeal isn’t a good idea at least to say. Keep reading this RB Bitdeal broker review for more information about this investment scam.

Regulation of RB Bitdeal and Fund Security

RB BitDeal claims it can help you to be “among the best”, however what it can really do is to pocket your money before you know it and then vanish like thin air. We have seen such scam brokers a million times so far. They use more or less the same techniques and their websites look alike as well.

First of all, this broker points out its registered address to be in Cyprus. If this was true RB BitDeal should have been licensed by the local watchdog CySEC. However this is just not the case, since we searched the registers of this authority but no data about RB BitDeal was to be found.

But that’s not all. The broker also claims to be globally regulated and lists a bunch of popular financial authorities as for example FCA, CySEC, FSCA and IFSC, just to name a few. Of course we checked all of their registers but RB BitDeal wasn’t on the list. And they also managed to gain an official warning from CBR.

Overview of the RB Bitdeal Trading Platform

RB BitDeal claims that its trading software has “the most innovative instruments and functions for effective and successful trading”. But after we registered, we saw just a basic platform developed by TradingView.

Not that it’s so bad, but it certainly doesn’t have “the most innovative instruments” and isn’t the best choice when it comes to trading. There are no advanced features such as EAs or social trading, and even the number of trading indicators is quite limited.

It would be much better if you invest via advanced platforms like MetaTrader4 or MetaTrader5, as they have really innovative and unique features for sure.

RB Bitdeal Account Types Available

Let’s review RB Bitdeal account types and see what you can get with each of them. They offer the following trading account types:

• Beginner – $150
• Confident – $1,000
• Expert – $10,000

The only thing we see changing from Beginner to Confident account is the leverage increasing from 1:100 to 1:500. The other two accounts are entirely the same, so upgrading doesn’t seem worth it. Or someone just forgot to edit the website. Whatever the case, we advise you not to invest with this particular firm.

Deposit and Withdrawal at RB Bitdeal

Again, no information is to be found about the payment methods that RB BitDeal accepts, so we thought there’s something shady about them. And we weren’t wrong!

This broker offers cryptocurrencies as the only possible payment method. After we registered and tried to fund our account, there were two crypto coins to choose from, Bitcoin and Tether.

This is not a good sign and scammers tend to offer crypto payments as they are proven to be completely irreversible and anonymous at the same time. Therefore you can’t get your money back even if you have been deceived. Stay away from this and other scam brokers at all means!

How the Scheme Was Implemented

Scam brokers aren’t that original when it comes to putting together the fraud.

It all starts with naive phone calls from various agents to see if you are open to investing and of course making quite a lot of money by doing so. Even if you say no, they will continue to push you until you agree or until they are certain you will not give them any money.

In case you have been scammed by this or any other broker claiming to provide legit services, getting your money back is possible! There is no need to feel ashamed since this can happen to anyone. We would also be grateful if you can share with us your experience since we can assist you in reporting your scammer to the authorities. 

RB Bitdeal Summary

We conducted this RB Bitdeal review so you could see what kind of scam they are trying to pull off on a daily basis. Even though they claim to be a Cyprus-based broker, we could not find any information to support this. More importantly in order for this to be true, they should be regulated by CySEC, a Cyprus-based regulatory body, which they are not.

On top of this, this scam broker managed to get a warning issued to them by the Central Bank of Russia ( CBR ), for providing fake trading services.

We were also not surprised that this broker failed to put even the most basic information on their website as many lousy scams decide to leave them out. You should look at it this way, the more they put online, the easier they are to track and later suffer the consequences of their actions.

This is why you should always choose a reputable legit broker as they stand behind the service they offer.

FAQs About RB Bitdeal Broker