RevolutExpert - divorce or not? Review of Scam Brokers
UK-based online broker RevolutExpert is considered a scam with tarnished notoriety.
If we go to the official website of RevolutExpert - Revolutexpert.ltd, we will read that this company offers brokerage services for Forex trading in England. RevolutExpert also provides programs for financial actions.
We looked at the RevolutExpert website, got acquainted with the terms of operations, tried to get at least demo access to the software, looked at the availability of official papers, the region of registration of the organization.
With the help of this information, we will find out: RevolutExpert - scam or not?
In addition, we will explain to you how not to get hooked by scammers, about their methods of work. We will give you all the information you need to keep your finances safe.
RevolutExpert organization based offshore
The first sign that says that Revolutexpert.ltd are scammers is the state of registration. The company is officially registered in the Marshall Islands, which is already suspicious, since RevolutExpert operates in England. Offshore regions are popular with scammers due to the lack of legislation and regulation.
In addition, this state does not have rights to trade on Forex.
Also, when our employees tried to find the physical address, information about the owners and directors of Revolutexpert.ltd, they could not find anything.
This already suggests that RevolutExpert is an illegal broker, working with which can result in large financial losses.
No information about the owners of Revolutexpert.ltd
Having studied the official site, our experts could not reveal the truthful information about the management of RevolutExpert. No physical or legal address, no phone numbers or other means of communication.
Usually, this means that the actual directors are trying to hide information about themselves in order to hide from responsibility for their actions. Even if one of the employees of RevolutExpert can be found, then everything will end there, and the actual owners of the fraudulent organization will remain at large.
RevolutExpert, website - Revolutexpert.ltd, has been around for less than a month
The RevolutExpert website talks about a lot of Forex experience.
The most common method of analyzing a site is to obtain information about a domain name. Most often, they contain the period of operation of the domain, information for contacting its owner.
In our case, the domain name Revolutexpert.ltd has been working for less than 30 days, and all information about the legal or natural person that owns it is hidden. Another indication that the director of RevolutExpert is trying to maintain his anonymity.
This desire can be supported, but not when it comes to a company that works as an intermediary between the user and the Forex financial market.
In addition to this, RevolutExpert themselves assure their potential users that they have been trading effectively on the Forex market for many years.
RevolutExpert does not have a demo period
It is a normal practice for online brokers to provide users with a demo version of their services in order for them to familiarize themselves with the interface and try out the possibilities in playing the Forex market with virtual currency.
Unfortunately, on the website of RevolutExpert, we could not find any mention of a trial period, the ability to test the programs.
Probably the director of RevolutExpert is simply not going to give clients test access to the software, as someone may suspect fraud.
Internet broker Revolutexpert.ltd works with a negative account
Registered companies that trade in Forex do not use a negative account in their activities. In accordance with the laws, an online broker trader cannot spend more than is currently on the balance sheet. In cases where the balance still goes into a negative value, it is not the trader who is obliged to pay off his debts, but the company that offered its services.
Therefore, official brokers do not use a negative account in their work.
However, Revolutexpert.ltd provides its clients with trading with a negative balance, that is, on credit.
What is it for?
To drive a trader into a loan and start demanding that he repay the debt. This is one of the most popular fraud methods used by financial criminals.
If this happens, you need to know that scammers do not have the opportunity to recover finances under the law of England. Any methods of pressure on customers are considered illegal. The most that criminals are able to do is to disturb with calls, write letters with threats.
You cannot cooperate with RevolutExpert, as any agreements will result in costs.
Revolutexpert.ltd operate with a credit ratio of 1 to 400 or more
Already now, it becomes clear that RevolutExpert are scammers. And yet, let's pay attention to one fact, namely the existence of an excessively large credit ratio.
Leverage is the ratio of user funds and brokers when making a trading operation. It makes it possible to conduct large trading operations for clients who do not have access to large amounts of money.
In order to protect Forex clients, in civilized regions, the current legislation requires the use of leverage with the highest ratio of one to thirty, in rare cases fifty.
At the same time, RevolutExpert applies a credit ratio of one to four hundred for Forex trading.
This ratio is legalized in Switzerland, since organizations registered in this country enjoy considerable confidence. However, RevolutExpert is not issued there.
In fact, RevolutExpert does not have permission to conduct Forex transactions with such leverage, due to the high risk for users. So, this is used only to force the client to give more of his own funds, but also to drag him into debt.
RevolutExpert Regional Offices
It is considered solid for any financial firm to have local divisions in civilized states, even if the activity is carried out only in England. So RevolutExpert says that in addition to an impressive number of awards, they have local offices in Britain,
Australia and other developed countries, and in addition about a lot of competent employees.
It is easy to check the reality of these representations. After all, specialized organizations are known that regulate the activities of Internet brokers. In the UK it's FCA, and in Australia it's ASIC.
Accordingly, the official organization is required to have permits from these or other structures that will confirm their ability to provide services for making money on the Forex market, regulate the level of responsibility.
And yet, after analyzing the specialized official sites, we did not find them. Which once again confirms our fears.
To register on Revolutexpert.ltd, you need to transfer personal data
As we said earlier, RevolutExpert does not have a trial period and therefore, in order to gain access, you must immediately transfer the minimum payment to RevolutExpert criminals. In addition, access to the Revolutexpert.ltd personal account is possible only upon successful completion of identity verification.
This means that RevolutExpert requires users to submit information such as:
- Information about an individual;
- Data on permanent residence (scans of utility bills);
- Information about qualifications, place of work, experience.
Also, with the initial payment, the bandits can access bank account information.
As a result, this data may allow bandits to issue a loan to a gullible user, or to carry out other criminal frauds.
Since registration on the Revolutexpert.ltd website requires the transfer of personal data, our experts have not been able to access RevolutExpert's personal account and Forex trading programs.
Reviews about RevolutExpert
A very important point of exposing RevolutExpert is the study of feedback from traders.
A detailed study of the search results yielded the following information:
- Most of the reviews and mentions of RevolutExpert on the net are fake. These are template positive reviews of the paid type;
- All true references to RevolutExpert are negative. Our experts were unable to find true reviews from users of Revolutexpert.ltd, which talk about profit, successful work.
- Negative reviews and mentions are caused by illegal activities, stealing money, creating debt.
Therefore, reviews of RevolutExpert indicate that this Internet broker is a criminal.
Contact information and official papers RevolutExpert
Having studied the information on Revolutexpert.ltd, we have identified many questionable digital documents that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an online broker is not associated with regulatory firms, then there is simply nowhere for traders to turn to for help.
On the "Contacts" page, our employees found a phone number. It turned out that it had already been used by an illegal broker. Also, there are many reviews on the network about fraudulent activities associated with the phone number listed on Revolutexpert.ltd.
Withdrawing money from Revolutexpert.ltd
Are you going to make money with the help of a financial market Forex broker? Make sure you can take money from him.
Studying the user agreement on the RevolutExpert website, our employees did not find clear information about the ways to withdraw the money earned. At the same time, our experts saw a mention of fines for account inactivity, but did not find information about the amounts. Since the criminals do not operate in the official field, it is impossible to challenge these extortions.
That is, even if the user has finished working with RevolutExpert, they can call and send messages demanding to pay the fine.
How does RevolutExpert work?
Causes concern and the way to search for new users, which uses RevolutExpert.
For promotion, fake social media accounts are used, in which fake people spread information about how they instantly managed to get income by trading on the Forex financial market through RevolutExpert. Fakes show expensive cars and clothes, travel to resorts, and other manifestations of a rich life.
They promise a rapid increase in income, for which you do not need to study or put a lot of effort.
If a user gets in touch with scammers, RevolutExpert employees talk about the reality of rapid earnings, and in addition about some unique abilities of their software that will allow you to quickly get big earnings.
Further, various tricks are used to get the maximum amount of finance from the user. For example, a client may be given a small profit to inspire more deposits to be transferred.
When the work on the Forex market is negative, the manager will offer to transfer more in order to compensate for the losses.
RevolutExpert employees act according to the guidelines developed by experienced manipulators. Fraudsters analyze information about a trader in order to act on specific places, to get more investments.
Either way, it all boils down to one of two outcomes:
- When you want to receive money before you find yourself in the red, you will be charged fees, will freeze the invested money, and will do everything to force you to pay more;
- When you allow the bandits to drive the account on credit, threats will fall, the bandits will demand to pay a fictitious debt.
Another way to make money for RevolutExpert can be the transfer of your confidential information to third parties. We think that, as a result, it is possible to buy comprehensive information about you for a modest amount of money on some anonymous service on the dark web.
Most likely, because of this, various criminals, sales managers, etc. will start writing to you. It is also worth waiting for letters from accomplices of Revolutexpert.ltd, who will begin to offer "receipt" of the lost money, of course for the load.
Since RevolutExpert does not operate in a regulated field and remains anonymous, they cannot be forced to answer under the law in England. The owners of the shadow company are skillfully disguised and, at best, the legitimate authorities will be able to arrest one of the "employees".
Can RevolutExpert be trusted?
If you are going to give finances to scammers, then give them to a good deed.
Let's briefly list the evidence indicating that RevolutExpert are bandits:
- No official registration;
- No demo period;
- There is no data on the owners of the firm;
- Phone number found in fraudulent schemes;
- Negative score;
- Leverage greater than one to 50;
- Bad reviews;
- False information on the website.
Our review of RevolutExpert is over. Clearly RevolutExpert are scammers.
You can check out the full list of brokers to bypass.