de | cn | ru

REVOLUTRADING Review - is it scam or safe?

REVOLUTRADING review - Is revolutrading.com scam or good forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz REVOLUTRADING
REVOLUTRADING is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


REVOLUTRADING says to be a forex and CFD broker, offering a variety of trading instruments including currency pairs, crypto coins, commodities and indices with 6 account types, leverage as high as 1:400 and a web based trading platform. And the broker also says that with your initial deposit you will instantly receive a 30% trading bonus. 

 

Account type Min. deposit Max. leverage Spreads/ Payout
Basic Account $250

1:400

n/a
Standard Account $500 1:400 n/a
Trading Account $1000 1:400 n/a
Pro Account $5000 1:400 n/a
Premium Account $25 000 1:400 n/a
Platinum Account $50 000 1:400 n/a

 

As good as all of this may sound, we have some serious doubts about the credibility of the broker, so if you are about to deposit any funds with them better read this review first.

 

REVOLUTRADING Advantages:

 

Large selection of currency pairs and other CFDs

 

REVOLUTRADING is offering lots of forex pairs, many of which exotic and minor like USDCNH, USDTRY, USDSEK, USDNOK, USDDKK, USDZAR, USDHKD, USDSGD, USDTHB, USDMXN, USDIDR, USDKRW and USDPLN. And also CFDs on gold, silver, oil, natural gas, indices, stocks and even crypto coins including Bitcoin, Ethereum, Litecoin and Ripple. But if you really like the idea of trading crypto coins, here you may also check our list of brokers, trading with bitcoin CFDs:

 

 >>Bitcoin Forex Brokers<<

 

Leverage of up to 1:400

 

Although leverage as high as 1:400 might seem attractive, traders should use it with extra caution, because of the associated risks – your funds might be erased very quickly, if the market turns against you. And besides, that was also the rationale behind the latest leverage restrictions adopted by the regulators in Europe - currently the maximum leverage allowed with forex transactions on the European market is 1:30.

 

Acceptable minimum deposit requirement

 

As most other brokers REVOLUTRADING requires a minimum initial investment of about 250 USD. Still, bear in mind that with some big and well established brokers like FBS and IG you will be able to start trading with just 5 USD or so.

 

REVOLUTRADING Disadvantages:

 

Questionable license 

 

We understand that REVOLUTRADING is owned and operated by Revolutrading S.A., but we are not told where the company is based and incorporated. Still, we are reassured that Revolutrading S.A. is licensed and authorized by the Vanuatu Financial Services Commission (VFSC).

 

Even if true, however, a Vanuatu license is hardly worth more than the piece of paper it has been printed on. Vanuatu is a small atoll in the middle of the South Pacific, thousands of miles off the shores of New Zealand, and it is quite too obvious, why we are concerned about VFSC “licensing capabilities” - they simply lack the capacity to oversee internationally operating brokers like REVOLUTRADING. 

 

On top of that all brokers that want to target customers on regulated markets like the European Union, including the UK, the USA, Canada, Australia or Japan, should be regulated by the relevant local financial authorities like for example the Financial Conduct Authority in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). 

 

With a properly regulated EU broker for example your money will be totally safe. EU regulated brokers have to file regular reports, to allow external audits, to maintain a minimum operational capital of no less than 730 000 EUR, which should be sufficient to cover all outstanding payments towards clients, to provide traders with a negative balance protection, to keep their funds in a segregated, protected form creditors, trust account, and even to participate in a client compensation fund.

 

Thus for example, with a FCA broker your account will be protected for up to 85 000 GBP, even in the unlikely event you broker files for bankruptcy. Here you may check our list of brokers regulated by the FCA in the UK:

 

>>FCA Regulated Forex Brokers<<

 

Trading bonuses, Terms and Conditions missing

 

As we already noted REVOLUTRADING is offering a 30% welcome bonus. Be aware however, that such promotions always come with some additional withdraw conditions, as for example a minimum trade volume requirement, which too often scammers use as a pretext to cancel your withdraw requests. And here with  REVOLUTRADING we even do not know what their “Terms and Conditions” and “Bonus Policy” are, as the documents are simply missing on their homepage.


Skrill not accepted as payment method


REVOLUTRADING accepts payments with major credit cards like VISA and MasterCard, but not Skrill, and that is notable especially since the money transfer company adopted its new anti scam policy. According it Skrill partners only with properly regulated brokers, and as we already discussed with its Vanuatu license REVOLUTRADING can not pass for a regulated broker. In any case, here you may check our list of brokers accepting payments with Skrill:


>>Brokers accepting Skrill<<


MetaTrader4 not supported

 

REVOLUTRADING is offering its clients some kind of a web based trading platform, which unfortunately lacks many standard features, readily available with classical trading solutions like the MetaTrader4. For example with a MetaTrader4 you can easily run automated trading sessions, using modifiable trading bots and over 60 customizable market indicators. And MT4 features an excellent pack of advanced charting tools as well, so here you may check our list of brokers, which do support the platform:


>>MT4 Brokers<<


No demo account directly available


Unfortunately we were not given the opportunity to directly open a demo account, so we can not comment on REVOLUTRADING spreads. Just bear in mind that spreads are considered attractive with a standard account, only if they start below 1,5 pips. Here you may also check our list of brokers, offering tighter spreads:


>> Lowest spread forex brokers<<


Conclusion:


REVOLUTRADING say to be regulated in Vanuatu, but as we already discussed with a Vanuatu license they can not pass for a legit broker. So once we will repeat our usual advise to trade only with brokers, licensed and authorized by well known financial institutions like the FCA in the UK, CySEK in Cyprus or ASIC in Australia. 

Latest news about REVOLUTRADING
No news about REVOLUTRADING. Check back later.
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for REVOLUTRADING

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

de | cn | ru