Red Finance Capital Review: Do Not Deal With This Broker

We’ve already dealt with these sorts of scammers before. Thus, catching this fraudster red-handed was not difficult. Now, the most important thing is to convey this information to newbie traders and protect them from the scheme.

Red Finance Capital broker is just another well-known investment scam that is unregulated and operates offshore. It’s not a surprise that all they have put on their website is just one big lie.

With the name of the company that owns them to the offshore location they operate from, sit back and read this Red Finance Capital broker review to learn why to stay away.

Red Finance Capital Regulation and Fund Security

This crooked financial swindler is anything but legitimate. First of all, it is operated by an offshore entity known as Shenanigans Consulting LTD, based in St. Vincent and the Grenadines. That lonely little island is home to numerous scams due to its tax system. Many other scam brokers like to operate from SVG, because of this.

Also, the local regulator, the Financial Services Authority (FSA), does not issue forex licenses. It’s even stated on the website. Therefore, any hopes of Red Finance Capital of deceiving the public have just been crushed.

They also managed to get an official warning from the Financial Conduct Authority (FCA) itself. With this being said, just stay away from this scam altogether.

Red Finance Capital Trading Software Overview

Similar to most stranded offshore fraudsters, Red Finance Capital offers a basic WebTrader platform. This browser-based terminal has only elementary features, such as simple charts and indicators.

It lacks advanced tools and options that approved platforms like Meta Trader 4 & 5 offer such as automated trading, live-market reports, and API integration. Plus, the web platform is oftentimes being manipulated by the scammer to steal your money without you knowing. 

Red Finance Capital Account Types

This scam broker offers 4 different account types depending on the amount of money you are willing to invest. Here they are:

• Mini- $250
• Standard- $5,000
• Classic- $25,000
• VIP- $50,000

Lastly, Red Finance Capital has no demo account option so you either need to commit to a mini account or find another broker, which we would recommend.

Deposits and Withdrawals Procedure

As for the deposit methods, Red Finance Capital offers only the basics which include the following:

• Visa or Master credit or debit card
• Wire transfers

Legitimate and regulated brokers offer a much bigger array of deposit and withdrawal methods. On top of that, the minimum required deposit to start with Red Finance Capital is $250. Realistically speaking that is not a lot but considering regulated brokers will let you start with as little as $10, it is.

How Is Fraud Carried Out?

The idea of another income surely does sound nice. The internet gives the impression that making money through investing is more accessible than ever to non-experts. So, it is no surprise that many scam brokers lurk online for inexperienced traders through flashy advertisements and fake stories of satisfied clients.

Once you fall for it and give your information, they will call you non-stop to invest. However, these fake brokers don’t invest the money you give them even though they very confidently assure you that you are generating great profits and should invest more.

Judging by online reviews, the complaints stating withdrawal issues are the majority as many people have problems getting their money. Stay away from brokers that have such negative feedback on the internet.

Red Finance Capital Summary

This Red Finance Capital review was conducted to give you a good explanation of how this scam broker operates. The fact that they failed to provide even the most basic info like the official phone number that you can reach them on, is just one of the many red flags they have.

This investment scam allegedly offers trade in forex, CFD, stocks, and crypto. However, after one look at the alleged trading software they provide, it becomes obvious no trading takes place there.

Additionally, they are operating without a license and follow no regulations and therefore offer no safety for your funds.

We also found many complaints about the broker online and all of them state that after depositing the money, the broker disappeared into thin air. Always be cautious where you invest your funds, and stay as far as possible from this unscrupulous broker.

FAQs About Red Finance Capital Broker