RevolutExpert Review - Scams in the Forex market
The online broker RevolutExpert, which operates in England, is a criminal with an unclean notoriety.
When we go to the official website of RevolutExpert - Revolutexpert.ltd, we will find out that our firm offers Forex services in the UK. In addition, RevolutExpert provides software for financial transactions.
We analyzed the RevolutExpert website, got acquainted with the working conditions, tried to get demo access to the programs, analyzed the availability of official documents, 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 tell you how not to fall into the trap of scammers, about their action algorithms. We will give you the information you need to keep your finances safe.
RevolutExpert is offshore
The main call indicating that Revolutexpert.ltd are scammers is the state of registration. Documentally, the company is registered in the Republic of the Marshall Islands, which is already suspicious, since it operates in Britain. Offshore countries attract the attention of deceivers due to the lack of need to comply with the law and regulation.
In addition, this region does not have the authority to work on the Forex financial market.
In addition, when our experts tried to find the physical address, references to the owners and management of Revolutexpert.ltd, they could not reveal anything.
This already suggests that RevolutExpert is an illegal broker, working with which will result in large financial losses.
Failed to find data about the directors of Revolutexpert.ltd
After examining the website, we could not find reliable data about the organizers of the RevolutExpert organization. No address, no phone numbers or other methods to get in touch.
We think that this means that the actual directors are trying to hide their identities in order to elude punishment for their actions. Even if you manage to catch one of the employees of RevolutExpert, then this will all end, and the real leaders of the shadow organization will remain at large.
RevolutExpert, official website - RevolutExpert, works less than a month
The RevolutExpert website talks about serious experience in the Forex market.
The most common method of examining any website is to obtain domain information. Basically, they indicate the period of operation of the domain name, information for contacting its owner.
In this case, the Revolutexpert.ltd domain has been operating for less than one month, and all data about the legal entity that owns it is classified. Another proof that the director of RevolutExpert is trying to preserve his anonymity.
Such a desire can be accepted, but not when it comes to a company that works as an intermediary between a trader and the Forex market.
At the same time, RevolutExpert themselves assure potential users that they have been trading effectively in the Forex market for many years.
RevolutExpert has no trial period
It is a common practice for Internet brokers to provide users with a test version of the software so that they can get acquainted with the interface, test their skills in Forex operations with virtual currency.
Unfortunately, on the website of RevolutExpert, we could not find information about the trial period, the opportunity to try out the software.
We think that the management of Revolutexpert.ltd most likely does not plan to provide traders with demo access to paid software, as some of them may suspect something is wrong.
Broker Revolutexpert.ltd operates with a negative balance
Registered firms that operate in Forex do not use a negative account in their work. By law, a broker trader is not able to spend more than what is currently on the balance sheet. In cases where the balance still goes negative, the loan will have to be repaid not by the user, but by the company that offered the services.
Therefore, registered online brokers do not use a negative balance in their activities.
And yet, Revolutexpert.ltd gives its clients work with a negative account, that is, on credit.
Why is it necessary?
To drive the user into a minus and pay off the debt. This is one of the most common scams used by financial criminals.
If this has already happened, it must be remembered that scammers do not have the opportunity to knock out investments under British law. Absolutely all methods of influencing you are considered illegal. The most that criminals are able to do is call, send threatening letters.
You cannot work with Revolutexpert.ltd, as the agreements will result in losses.
RevolutExpert operate with a credit ratio of one to four hundred or more
Already now, it becomes clear that RevolutExpert are bandits. However, let us point out one fact, namely the presence of an extremely large credit leverage.
Credit leverage is the ratio of funds of traders and brokers at the conclusion of a trading operation. Leverage allows large transactions to be carried out by users who do not have access to large amounts.
In order to protect clients in the Forex financial market, in developed countries, legislation provides for the use of a credit ratio with the highest ratio of one to thirty, sometimes 50.
At the same time, RevolutExpert applies a credit leverage of one to four hundred for operations in the Forex financial market.
A similar ratio is legalized in Switzerland, since companies registered in this state enjoy great confidence. However, RevolutExpert is not registered in this country.
In fact, RevolutExpert is not authorized to trade Forex with such a credit ratio due to the high risk to clients. Accordingly, this is only used to force the client not only to give away as much of his own money as possible, but also to drive him into debt.
Local divisions of RevolutExpert
It is considered solid for any financial organization to have local branches in developed countries, even if the work is carried out only in England. So RevolutExpert reports that in addition to an impressive number of awards, they have local branches in the UK, Australia and other civilized countries, and also about a lot of competent specialists.
Checking the reality of these branches is quite simple. Since there are specialized organizations that control the activities of Internet brokers. In Britain it is FCA, and for example Australia it is ASIC.
Because of this, a law-abiding organization must have supporting papers from these or other entities that will confirm their authorized right to provide trading services in the Forex market, regulate the level of responsibility.
And yet, after analyzing the industry web sites, we could not find them. Which once again confirms our fears.
For registration on Revolutexpert.ltd, it is necessary to transfer confidential data
As we mentioned earlier, RevolutExpert does not have a demo period and, accordingly, in order to gain access, you must immediately transfer the minimum deposit to the RevolutExpert bandits. In addition, access to the
Revolutexpert.ltd personal account is possible only upon successful completion of the client verification.
This means that RevolutExpert requires its customers to submit data such as:
- Information about an individual (passport, driver's license, etc.);
- Information about the permanent place of residence (payments for utilities);
- Data about qualifications, experience, place of work.
In addition, during the first payment, scammers can gain access to card information.
Together, this information may allow scammers to conduct a loan on the user, or to carry out other shadow operations.
Since you need to send your personal data to register on the official website Revolutexpert.ltd, our employees did not get access to the RevolutExpert personal account and programs for transactions in the Forex financial market.
Reviews about RevolutExpert
The most important point of exposing RevolutExpert is the analysis of user reviews.
The study of search results allowed us to obtain the following data:
- Most mentions of RevolutExpert online are fake. These are template positive reviews and custom-made comments;
- All real mentions and comments about RevolutExpert are negative. Our employees could not identify reliable reviews and references from users of Revolutexpert.ltd, which mention a large income, successful activities.
- Bad reviews and comments are caused by fraudulent activities, theft of deposits, special creation of debt.
Therefore, real reviews about RevolutExpert say that this broker is a criminal.
Contact details and documents RevolutExpert
By studying the information on Revolutexpert.ltd, our staff has identified many dubious digital official documents that can be easily made using a graphic editor. They are not confirmed by official firms, which means they cannot be trusted.
If a broker is not associated with regulatory firms, then its traders simply have nowhere to turn for help.
On the "Contacts" page, our specialists found a phone number. It turned out that it had already been used by an illegal online 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 Forex online broker? Make sure you can take money from him.
Analyzing the user agreement on the RevolutExpert website, our specialists did not find clear information about the withdrawal methods. In addition, our employees found a description of the fees for account inactivity, but did not find information about their amounts. Since swindlers do not operate in the official field, these fines cannot be protested.
Because of this, if the user has finished working with RevolutExpert, they can call and write messages demanding to pay a fine.
How does RevolutExpert work?
Suspicious and the way to search for users, which uses RevolutExpert.
For advertising, fake social media profiles are used, in which fake users report how they instantly managed to get rich by working on Forex through RevolutExpert. Advertising profiles show expensive cars and houses, trips to resorts, and other indicators of a prosperous life.
Non-existent people promise a rapid income, for which it is not necessary to study or make a lot of effort.
If a potential user gets in touch with scammers, RevolutExpert managers talk about the possibility of rapid profits, as well as the unique features of their programs, which will make it possible to immediately make a big profit.
Then various tricks are used to get as much money from the user as possible. For example, you can arrange fake profits in order to motivate you to transfer even more money.
When work on Forex is unprofitable, the representative of the organization will offer to transfer more to compensate for the losses.
RevolutExpert employees act according to algorithms that were developed by professional deceivers. Fraudsters study customer data in order to influence vulnerabilities and get even more money.
In any case, it all comes down to one of two options:
- If you are going to withdraw funds before you find yourself in loans, you will be fined, your account will be closed, and everything will be done to force you to transfer more;
- When you allow scammers to drive the balance into a minus, threats will fall, the bandits will begin to demand to pay off a fictitious debt.
Another method to generate income for RevolutExpert can be to sell your confidential information to interested organizations. We think that, after that, information about you can be obtained for a moderate amount of money on some anonymous Telegram channel on the shadow Internet.
Surely, after that, various bandits, managers, etc. will write to you. You should also wait for messages from Revolutexpert.ltd accomplices, who will begin to offer a "return" of lost investments, of course, for a fee.
Since RevolutExpert does not operate in a regulated field and maintains anonymity, they cannot be forced to be held liable under the law in the UK. The owners of the shadow company are carefully hiding and in the best case, the legitimate authorities will be able to catch one of the "employees".
Can I work with RevolutExpert?
In no case!
If you plan to give money to the bandits, then it is better to spend it on a good deed.
Let's briefly list the evidence indicating that RevolutExpert are scammers:
- Lack of official registration;
- No demo period;
- Lack of data on the owners of the organization;
- Phone number found in illegal transactions;
- Negative balance;
- Credit ratio greater than one to fifty;
- Negative reviews;
- False information on the website.
Full review of RevolutExpert - over. It is clear that RevolutExpert are criminals.