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RBFXpro Review – is it scam or safe?

RBFXpro Review  – is www.rbfxpro.com scam or safe forex broker?

RATING: 2 / 0 REVIEWS RBFXpro
RBFXpro is an offshore broker. Your money is not safe.

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Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Micro $20 0.01 lot 1:500 From 2 pips
Mini $500 0.01 lot 1:200 From 2 pips
Standard $5000 0.01 lot 1:200 From 2 pips
ECN-Mini $1000 0.01 lot 1:200 From 0 pips, floating
ECN-Pro $10 000 0.01 lot 1:100 From 0 pips, floating

 

RBFXpro has five types of live trading accounts, plus a free demo account. The trading portfolio consists of 32 forex paris, plus CFDs, oil and spot metals.



The company. Security of funds

 

Company Country Regulation
RBFXpro Vanuatu VFSC

 

RBFXpro is based and regulated in the offshore zone Vanuatu, which is a popular destination for forex brokers thanks to its lax legislation and very low taxes. Generally such places attract many scam brokers whose only goal is to attract unsuspecting clients and then make off with their money, so it is better to avoid them. Even if their intentions are honest, the weak regulation means the companies are not required to offer client protection and this brings additional risk of losing one's money in case the company goes bankrupt.


There are regulators like UK's FCA and the Australian Securities and Investment Commission (ASIC) who have much stricter requirements and the brokers regulated by them enjoy pretty good reputation.



Trading platform


RBFXpro, like hundreds of other forex brokers, offers the most popular trading platform – MetaTrader 4 (MT4) – as a desktop program and as the applications for mobile devices.


MT4 has many functionalities and charting and technical analysis tools. It supports multiple order types, autotrading, Expert Advisories and is user-friendly and stable. The platform also lets users devise and implement own trading strategies and allows hedging. Among other things, MT4 supports money management accounts as well.



Payment methods


RBFXpro offers multiple payment methods. The broker accepts deposits through bank transfer and credit and debit cards, as well as through the online payment systems Payeer, Skrill, WebMoney and Neteller.



Conclusion


Much like the majority of its offshore peers RBFXpro is an unremarkable forex broker. There is nothing that sticks out as a deal breaker. - The broker's trading conditions are average


Pros Cons
Low deposit Offshore

 

Latest news about RBFXpro
No news about RBFXpro. Check back later.
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Traders` reviews for RBFXpro

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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