RCE Banque Review – Numerous Red Flags Screaming Scam
As a completely anonymous Forex and CFD trading company, they don’t raise credibility. Without transparent ownership information, you can’t check any of the legal documents. But if we will trust them, they are registered in St. Vincent and Grenadines. Nothing promising indeed.
Keep reading our comprehensive RCE Banque review to find out all the warning signs about this broker. On top of that, we invite you to read our latest reviews of DG Flex and GoDoFX brokers.
| Company | N/A |
| Headquarters | St. Vincent and Grenadines |
| Website | Rcebanque.company, rcebanque.com, rcebanque.org, rcebanque.tech |
| Warning | FCA, CONSOB, CNMV, FSMA, AFM, CySEC |
| Platforms | Proprietary app |
| Minimum Deposit | $250 |
| Leverage | N/A |
| Spread | N/A |
Regulation and Security of RCE Banque
In general, Financial Services Authority (FSA) is the main regulator in St. Vincent and Grenadines. However, this institution doesn’t provide trading licenses anymore. With this in mind, you should know that all brokers should opt for licenses in the countries where they operate.
Thus, that’s not the case with the RCE Banque scam broker. They didn’t bother with that. But institutions did bother with them. RCE Banque broker scam didn’t invest much in getting any Tier 1 licenses. For example, FCA, CONSOB or BaFIN. But they earned a warning from many.
The list is very long, but here are some of the institutions: FCA, CONSOB, CNMV, CySEC, AFM and more. Take a look.
https://www.fca.org.uk/news/warnings/rce-banque
https://www.iiroc.ca/news-and-publications/notices-and-guidance/investor-alert-rce-banque
RCE Banque Trading Platform
On the positive side, RCE Banque scam broker invested in trading software. However, without regulation that software is pointless. Even though it has quite a user-friendly interface, its functionalities are poor. Traders can’t enjoy social or copy trading features. But they also lack some advanced analytical tools for regular trading.
On top of all, numerous traders reported issues with the software. As we can see from RCE Banque reviews the platform might be manipulated. Which is not rare with offshore investment scams. The broker will use the back end to modify market data or even your account balance. All with the intention to make you believe in unrealistic results.
Besides the mobile app available for Android and iOS devices, there is nothing positive about this software. Instead, you should find a Tier 1 licensed broker with third-party software like cTrader or Meta Trader.
Deposit and Withdrawal Procedure
That leaves us speechless is their funding methods transparency. Practically there is none. There is no available information about potential fees, processing time or anything else. Since they lack a withdrawal policy as well, that tells you much about the intentions of this broker.
Only via the Refund Policy, we could extract some info about the payment options. Those are:
- Debit and Credit cards
- Wire/Bank transfers
Without transparent withdrawal conditions, the company can make up any reason not to allow withdrawals. This is the case according to RCE Banque reviews. Fake fees and taxes are one of the main tricks they are using. Mainly because they can extract your last money. We suggest you not fall for it.
RCE Banque Account Types Offered
With RCE Banque broker there are 5 account types. Starting with:
- Base $250
- Bronze $2.500
- Silver $10.000
- Gold $25.000
- Platinum $50.000
When it comes to the benefits of depositing more, there are not many. Mainly focused on assistance from market specialists and minor financial benefits. However, without a demo account, you can’t confirm whether it is true or not.
How Does Offshore Brokers’ Fraudulent Work?
Knowing that this is not regulated company anything is possible. These scam brokers lure traders in various ways. But firstly through false advertisements about automated software and quick money schemes. Once you register, you quickly realize it’s far from that. But they will sell you some, again fake, stories about other opportunities.
Before you even know you are investing thousands of dollars for nothing. Thus, once you want to withdraw that you find many difficulties. Scam brokers often require irrelevant documents for verification. But all that is designed just to prolong the withdrawal process. Until they test out if you have more money.
If you have it, they will try to extract it via non-existent fees. But in both cases, whether you pay it or not, your account gets frozen.
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RCE Banque Summary
A completely anonymous broker without any credibility. RCE Banque is a bogus scammer with multiple warnings from regulators. Without transparent funding methods, they can’t keep up with licensed brokers.
With shady software and missing demo account options, they are not a good choice. The company has all signs of an investment scam that should be avoided.
FAQs About RCE Banque Broker
No. Besides live trading accounts, traders don’t have any risk-free option for testing.
No. They are not regulated and multiple warnings from regulators are issued against them.
The minimum starts already at $250, but after multiple warnings, that’s not a good choice.
No. Besides live trading accounts, traders don’t have any risk-free option for testing. Is RCE Banque a Good Broker?
RCE Banque Broker Minimum Deposit?
Does RCE Banque Offer a Demo Account?
