Realfxm Markets (realfxm.com) Reviews: Trader Reviews
In recent days, an increasing number of negative reviews about Realfxm Markets have caught my eye. Traders describe the broker’s site’s disgusting content, its low-grade terms and horse deposits. However, they continue to fall into this financial trap literally in droves. What is the phenomenon of realfxm.com – we will find out for ourselves in the course of analyzing its performance.
Company website
The first thing we had to deal with during the review of Realfxm Markets is the official website of the broker. To be honest, it looks so raw that doubts involuntarily arise: is it really a representative office of a respected financial intermediary? In this creative mess, only after a while it is possible to find the necessary information. For example, the legend of the office, which refers to the creation of the realfxm.com business in 2009. The broker prides itself on its integrity, cutting-edge innovation and excellent customer support. We will be able to verify this or be disappointed with our own eyes, and now let’s check how old the company really is.
It turns out that there can be no talk of any decade of work – the office was released only in 2018. Apparently, she launched her activities in 2020, as indicated by the WHOIS service. It is possible that the “experience” domain was bought out to secure the Realfxm Markets legend.
Legality of work
Players with at least minimal experience in trading know that without a brokerage license, a company does not have the right to offer its services. In the case of Realfxm Markets, one can note the lack of this important document, which is its main drawback. An office without regulation can carry out any fraud and go unpunished. The situation is aggravated by the fact that realfxm.com is registered in St. Vincent and the Grenadines, a popular offshore zone. In this state, a huge number of brokerage companies are concentrated, who want to avoid paying taxes and liability for their actions. In 99% of cases, an office registered here will turn out to be a scam.
The main thing about trading with Realfxm Markets
Not every broker can satisfy the needs of a single trader. To better familiarize the client with the functionality of the company, tariff plans are often created. The realfxm.com surveyed by us was no exception and introduced three accounts at once:
- X-STANDARD – standard spreads, leverage 1:200, currency trading. Deposit – from 200 dollars;
- X-PREMIUM – premium spreads, leverage 1:400, trading currencies and metals. Deposit – from 2000 dollars;
- X-PRO – extremely low spreads, $100 referral bonus, trading in currencies, metals and securities. Deposit – from 5000 dollars.
Despite the extremely high leverage of 1:400, the intermediary does not stop at its offers. When using demo account, clients get the opportunity to trade with its value in 1:1000. Just think: every dollar lost will be equal to 1,000 dollars received in use. With a failed $100 deal, you will have to pay $100,000! The risks are enormous!
Special attention deserves the possibility of trading metals and stocks only on the most expensive plan. It is much more profitable to find another intermediary who will offer more conditions, provide a license and not limit the choice.
Broker platform
The only thing that the intermediary did not lie about was the presence of a trading platform based on MT5. But, according to tradition, it was not without understatements. It turned out that the terminal is provided by a third party – Trade Pulse Limited, associated with two dubious offshore brokers – Trade Pulse FX and ProFx Market. It is not entirely clear how these brokers are related to Realfxm Markets, but scam companies are known to often use different names and domains in an attempt to mislead investors.
Objective decision
Until that moment, it seemed that there were no brokerage companies in the world where everything was bad. Perhaps Realfxm Markets was the first of its kind – with a terrible official site, the most risky trading conditions and a platform stolen from other crooks. The icing on the cake is that realfxm.com is not regulated. We recommend considering this office only as a guide “what a broker should not be”, but in no case a partner!
