RI Markets Review is Rimarkets.com Scam or Legit Broker

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Contents

RI Markets Review: is Rimarkets.com Scam or Legit Broker?

RIMarkets Review: RI Markets is a forex and cryptocurrency cfd broker that offers trading in a huge range of assets spanning commodities, indices, stocks and currencies including cryptocurrencies. They have a registered address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Island, MH 96960 and they are owned and operated by Fcorp Services Ltd.

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RIMARKETS TRADING PLATFORM

This broker uses offers the MT4 trading platform for CFD cryptocurrency and Forex trading.

DEPOSIT AND WITHDRAWAL METHODS

The available methods are Bank Wire transfer, MasterCard, Visa, Vload, Maestro. The minimum deposit for an account is $250

Is RI Markets LICENSED?

NO! RIMarkets is not licensed. Therefore, no regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.

SUPPORT

This broker offers support to its traders, they could be reached through phone calls or emails, whichever you prefer.

CONCLUSION

RI Markets is an unregulated broker, this is a source of major concern. When trading forex, we always recommend you use a regulated broker that is licensed to trade financial instruments

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They use false IDs, they steal your money, they are 100% scammers. I have proof.

Where is the proof?

Very satisfied with working with RIMarkets, a lot of tools and good service. It used to be that it went into negative, but thanks to the broker who always stops me on time

Hi Nikko, Have u ever tried to withdraw from RIMarkets? Did u manage to get your money back?

TRY WITHDRAWING YOUR MONEY, THEN THE ACCOUNT WILL SOON BE 0

Signed up to RIMARKETS after seeing a link on social media, seemed genuine. After depositing $250 the calls have started, they called me approx 20times a day requesting more personal details. The way their talk to me wasn’t very professional, calling me beautiful and all ive decided to get my founds out and don’t go ahead with it. They started calling more, being very forceful, aggressive and rude not allowing me to talj and take my money out! And im very strong headed person!still fighting for my money and they’re still calling but just to everyone know theyre scammers, not … Read more »

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RI Markets Review: is Rimarkets.com Scam or Legit Broker?

lied and lied and lied! these people are absolute scum! do not trust them with one cent. your money will appear there until you try to withdraw it then will disappear immediately!

Clive

These guys. Bought currency and then sold it. Next morning all money is gone and they say I owe them money. It is a scam

Jacqueline O’Donnell

I lost 225.00 pounds to Rimarkets Can you help me or is it not enough for you. Its a lot to me.
Help

Daniel K.

RIMarkets didn’t seem like a scammy broker to me. I’ve been trading with them for a while and did not have any issues whatsoever, as a matter of fact I’ve had a pleasant experience with their customer service.

RIMarkets Review – is it scam or safe?

RIMarkets is a forex and CFD broker offering a wide variety of trading instruments, including some exotic forex pairs, crypto currencies, commodities, indices and stocks. In case you are about to open an account with them be sure to read this review first.

Account type Min. deposit Max. leverage Spread s
Silver Account n/a 1:200 3 pips
Gold Account n/a 1:400 2,5 pips
Platinum Account n/a 1:500 2 pips

RIMarkets Advantages:

Variety of exotic currencies and crypto CFDs

When tested with a Demo Account the RIMarkets trading platform offered us some 49 forex pairs, including exotic currencies, such as Israeli Shekel, Indian Rupee, Turkish Lira, Singapore Dollar, Swedish Krona, South African Rand, Russian Rubla, Polish Zloty, Norwegian Krone, Mexican Peso, Hong Kong Dollar, Hungarian Forint, and Danish Krone.

Besides, the broker also offers CFDs on spot metals – gold, silver, palladium, platinum and copper, commodities like sugar, wheat, soybean, corn, coffee, cocoa, orange juice and cotton, indices, stocks, oil, natural gas and an array of crypto currencies like Monero, Peercoin, Bitcoin Gold, Bitcoin, Ripple, Litecoin, Dash, Ethereum Classic, Bitcoin Cash and Ethereum.

The maximum leverage RIMarkets offers with a Platinum Account is 1:500, with a Gold Account – 1:400 and with a Silver Account – 1:200 and that seems a bit counterintuitive as brokers usually offer higher leverage with their starting accounts, and more conservative leverage with their premium accounts, where investors trade higher volumes.

Have in mind that expert traders rarely use leverage higher than 1:100, because at such levels you can loose your money much faster and even end up with a negative balance.

MetaTrader 4 available

MetaTrader 4 has been acclaimed as an industry standard for the better part of the past decade. The platform has intuitive interface, good charting capabilities, more than 50 in-build market indicators and an option to run automated trading sessions with the help of customizable trading bots – Expert Advisors, which you can even compile by your self on a specially designed scripting language – the MQL4. No wonder more than 80% of all traders use MT4 on a daily basis. Here you can check our list of brokers also offering MetaTrader4:

Lack of regulation

RIMarkets is owned and operated by Fcorp services Ltd, which is registered on the Marshall Islands. The broker is not regulated and that significantly lowers its reputation. Have in mind that most unregulated brokers are involved in scam and investors should be extra cautious when depositing funds with such entities.

By definition traders can feel secure about their investment only with brokers, regulated by respected financial authorities such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).

Licensed brokers have to abide by strict fiscal rules – to maintain a certain level of operational capital and to separate all clients funds in a segregated, protected form creditors account. In some cases brokers are even obliged to insure traders money.

FCA and CySEC brokers for example have to participate in client compensation schemes. Under the FCA backed Financial Services Compensation Scheme, in case their broker goes insolvent, traders can receive back up to 50 000 GBP of their capital, while under a similar mechanism, traders with CySEC brokers can receive back up to 20 000 EUR. Here you can check our list of brokers licensed by the FCA:

As an offshore broker RIMarkets has low credibility and that is unfortunate as they offer a good variety of trading instruments, including some crypto CFDs. Still, as we already mentioned, investing with unregulated companies comes with a significant risk, so our advise is to check the spreads of brokers licensed by FCA, CySEC or ASIC.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 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 RIMarkets

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

RIMarkets fraud

I saw an advert about Bitcoin Revolution where you have to invest minimum of ВЈ200 and this was what I want to do but one person, my account manager, called me and persuaded me to invest ВЈ1,500 in order to be able to buy a bitcoin of Amazon worth that amount, I was not convinced as I did not have that money so he told me to call my back to take the overdraft but I was very afraid as I did not have that money and I have to pay a daily fee but this person was telling me that I should not be worried as he was a professional one with many years of experience and that I will be able to pay back that amount in about 5 days so I requested to pay back that amount on my card ASAP but he refused and on top on this he requested me to invest more money otherwise i will loose it. He open the worst accounts as now I do not have any and they refused to pay me back. I would like to know how I can get my money back. Thank you.

RI Markets scammer

Watch out for RI Markets, they also use South African Cape Town numbers.
I’ve heard of all scams in the world but they are the top notch scammers.
The investigation powerhouses like FBI, the Hawks and others must do something.
These aren’t forex traders they are crime syndicates.
They’ll ask you to deposit more and more while u’ll never be able to withdraw, your account is always on the big negative.
I’ve deposit as far as USD11k but I’ve never received a single cent profit withdrawal. This is so heartbreaking and putting the forex trade industry in a mud. Serious action need to be done with RI Markets and their associates
Ppl can’t be scammed money like this daily. I know with investments we learn a hard way but this way toooouch.

Biggest thieves in the industry

Don’t give them a scent. They make promises that your account is safe and that they just trade with 20% of your account. However, they trade will your whole account, and they do not use a stop/loss. They tell you stop/loss is not necessary, which is the biggest no-no out. When you confront them, then they try and be nice by saying give us a little more, and we will get back your money that was lost. Bullshit! They just want to steal more from you. I will now report them to FBI as they are nothing more than organise crime under a disguise. Further more, no one should allow them to advertise their scams.

Scam scam

After my numerous complaints, you bloody scammers decided to update your page. You will never win. You are scammers and even the President’s Office of South Africa is aware. I had a very bad experience and will never stop exposing you. My legal team and the president of South Africa is aware of what you did to me. I deposited 250 us dollars and I can’t get my money back cause my account has been blocked.

Avoid! Avoid! Avoid!!

You start by investing ВЈ250 and they make you 32% in the first month.

You invest more and they lose the lot through haphazard currency trades which rack up massive swap charges and never produce a profit.

If you try to draw your money out, they’ll tell you that you have to clock up 3 zillion dollars of trade before you qualify for a withdrawal.

You may just as well draw your money out in cash from an ATM and feed it into a cross-cut shredder. You will have far more fun, and no-one else will profit from it.

Scam from Rimarkets

how could i get the money back from Rimarkets?

Can’t believe I got my money back

After trading for 2 days I decided to withdraw.
They tried to convince me not to.
About 15 working days later on the Monday they had closed down and their emails and phones weren’t working.
I kissed my ВЈ250 goodbye.
I couldn’t believe it when my money came back on the Wednesday from Nigeria!! Just the other day they tried to ring me and I’m like you guys closed down I have a lot to say. I’m just glad I got my money back. I’m the lucky one.
Stay clear of these guys.

They are all SCAMMERS

rimarkets.com is a scam, I was unfortunate to come across this trading platform and I invested ВЈ11,000 in all. They kept faking trading results and making it seem like I was making money, they kept calling me almost very day to invest more money which I did and wasn’t able to get back. It turns out they don’t have an automated trading system and they are not registered with the FCA, all this was revealed to me when I consulted with fundsrecovery.ltd and they investigated RImarkets and recovered my funds for me. Despite the 20% charge they are great, contact Funds Recovery Ltd if you were also scammed by them or other options companies.
They’ve been a great help

Dirty rotten scammers

RImarketsfx.com is a scam website
RImarketsfx.com is a scam website, it advertises forex trading services, but if you put any money into this company you will never get it back. They will show you a trading account on their platform that is making money then they will keep asking you to put more money in to make better profits and everything goes great for a while but then when you try to withdraw your profits, there is no money left they say the had some bad trades and you will have to put more money into the account. Do not give this company any money you will never get it back. they have just changed the name of the website from RImarket.com to RImarkets.com to RImarketsfx.com and now RImarkets-fx.com Look on line to see all the negative reviews. They are just a bunch of thieves

RI Markets cheated me

I was initially asked to deposit 250 USD and later 1500 USD and i even without trying to withdraw the initial 250 USD , deposited 1500 USD and after 2 weeks i lost completely all money and now they are asking me to deposit again more money.I have also signed 2 documents with them.

I tried contacting them to close my trading account and they are not responding.
Is there a chance that they can still cheat me with the trading account still open?

phone calls

I wanted to have a look at this as Martin Lewis was apparently ok’ing this and then i read he doesn’t do adverts. i didn’t invest just registered and have been inundated with calls. i block every number but they just ring from another number from UK and Australia. the girl told me to go on and unregister but all sites don’t bring up a page so cant do that. very annoying that they keep ringing.

Scam trader

RImarketsfx.com is a scam website, it advertises forex trading services, but if you put any money into this company you will never get it back. They will show you a trading account on their platform that is making money then they will keep asking you to put more money in to make better profits and everything goes great for a while but then when you try to withdraw your profits, there is no money left they say the had some bad trades and you will have to put more money into the account. Do not give this company any money you will never get it back. they have just changed the name of the website from RImarkets.com to RImarketsfx.com. Look on line to see all the negative reviews.

Ri reviews

Thankyou to all previous remarks, saved me. 250 +, Big thanks. bctjr2

250 euros away

Unfortunately, I fell for it! For a few days, the page can not be opened. The mails come back as “unknown”. An advice from my side, do you a favor and leave your money with you.

Fraudulent company

Request all not to share you confidential data as it’s being used by them to gain access of your bank accounts. Your life would be mess as they might steal all the money that you saved.

Don’t invest or share any personal information with them.

Was scammed

please dont invest your money, this is a pure scam, the dont have a proper customer service line, they only contact you using internet lines which you cant call back, their emails currently dont go through , u will never withdraw your money once u deposit

scammed by ri markets

deposited 250usd totally robbed stay well clear would like to string them by their bollocks and let them bleed slowly.

Fraud?

I have Opened an account, so Reading what other people has written below, should I consider my money lost, or is there a way of getting them back?

Don’t be cheated of your money

RIMarket is a scam,they entice you to invest as much as possible then they swallow your money. When you need to withdraw your funds they reject pending identity information. They ask you to send them the following documents in order to consider withdrawal: Colored copies of your credit card front and back, drivers license or passport, bank statement, electric bill no older than 3 months, declaration of deposit with a few signatures. The requested documents are enough to use them to access ones bank account or perform fraudulent transactions on ones behalf. If the requested document are not sufficient they will ask for more before considering whether to allow withdrawal.

Uwll be in jail

You are motherfkers stealing poor people
Money y should be shame of Ur self l
Hope you get cancer all of y see what
The money gone do to you in name of
God lwish u and Ur family chocked on
The money u stole from me and everyone
See you in jail soon

I thought had opened an account with ВЈ250.Pressured and pressured to put more money in. When I said no he rang off. Can not get in touch to get my money back. I am 80 and it is stressful I feel stupid that I fell for this scam. I want to know how I can make public this scam. Can I get My money back?

I thought I was opening an account to trade Bitcoin. I completed a form on line. I had many phone calls from several different people. The last gentleman was quite pushy and convinced be to invest a further 1890 to the ВЈ250 I had opened the account with.

I think I was pressured into this and he was on the phone to me for over one hour. I then received an email to say they need my signature to complete the account opening process.

So should not have needed that before I gave them my money.

I feel very upset and extremely stupid and now I need to know how to get my money returned.

RI Markets are dishonest

Lost $250 US traders persistently hounded me for a long time when I requested a refund of my funds they claimed that I had no funds remaining

RI Markets is the same with FTO. They are operated by one company

RI markets is operated by the same comapany whi also operates FTO who defrauded a lot od AUS, South African
Europe, Russian fed.
RI markets concieved in the Philippines and its operated in the Philippines. The company IBD who operates it was raided last year.

My investment with Rimarkets just disappeared

I invested 370 aud to rimarkets and made several trades however, when I tried to trade again the stocks dropped its price/value. Sooner my investment just disappeared! Please help me atleast bring back the money that I have lost. I’m a student in Australia. I hopes that this rimarkets will help me save ans earn money but it all fell out to be a nightmare to me. Please help.

Thieves

I was directed to R I Markets via a scam ad online (Au show called”shark tank” and bitcoin robot designed to trade like option trading.Totally fake ad.).When contacted by their traders they say they know nothing about the scam ad.
I tried to get my money back.They make up all sorts of reasons to make sure you can’t get your money back.Also they on sell your bank details as twice someone has attempted to extract $1000 au at a hairdressers in London from my account.
Fortunately my bank is vigilante and rejects these attempts.
Believe nothing they say and stay well clear.

They will force you to deposit more and more money and you will loose it quickly, one good trade and your account will skoskydd be empty. Stay away.

Scammm

How to stop them to call me every day? Anybody has any idea? I am blocking the phone numbers but it’s like never ending story. Asked the guy to close my account what I never used but he said he can’t. I told him to remove my phone number from the system he said he can’t. and he just said they will keep calling me from different numbers. Bastards.

What to do now?

I deposited ВЈ250 with RI Markets yesterday and after a lengthy session on the phone this morning the account in my name in which the money has been placed
has not yet been activated as a passcode the sent to my cell phone did not arrive despite a number of resends. The money has not yet been debited to my account and is still pending according to my bank. They say the cannot refund me as I had authorised the withdrawal.
I see on this web site that this is a Nigerian scam. How can I get my money back. I cannot access the account to even try and make a withdrawal. The Assistant broker named niger will be calling again tomorrow. Can you advise me what to do now

Never again with these people

Traded, got told was wasting their time unless I deposited more money. Withdrew what I could but have been consistently refused my earnings. I believe that RW markets FTO capital and various others all suffer from the same style.
I like nice offices
Holden House 57 Rathbone place on the fourth floor and also try Wilton place Dublin.

Remorseless scammers

Traded and lost amount.
Realised it was scam all round but too late though.
Despite leaving messages with reception can’t reach any of them in London Canary Wharfs E1 4SU
They are not replying at all.
Surely they should not be allowed to trade after all these complaints about them. need lining up and shot the rotten fcukers.

Avoid like the plague

I agree with everyone else – these people are scammers! Got their details from what I now have realised was a fake news article.
They also ring me in the middle of the night from London. As I have a sick grandson I can’t turn my phone to silent – so there goes my night’s sleep
aaagghhhh

RIMarkets withdrawal issues

The platform seems legit enough for a unregistered broker, easy enough to deposit money (funny enough) but withdrawal on the other hand is a complete nightmare.

If you are stupid enough to not only give the Nigerian scammers your bank details but also full complies of your ID you will be completely robbed.

I only deposited the min amount onto the platform to just test out the withdrawal process (before coming along these reviews) after finding these reviews I’ve attempted to withdrawal my money, which RI say they need full copies of driving license or passport, copies of front and back of credit card and letter of house hold Bills.
I’ve refused for obvious reasons.

Whilst payment was pending in my account it was saying it was going to fcorps Lt, but when payment had cleared it had actually gone to an account in Nigeria.

Also through the hundreds of spam emails they sent they try to get you to sign a document (they dont tell you what it is) but a bit of research into it your actually signing a credit card request that they have taken out in your name DO NOT click the link.

Stay well clear, and go through a reputable broker.

I was happy to take the loss but I can see how someone could end up but in their life savings.

The website seems legit enough and the demo accounts show great rewards

But total scam, keep your money away from them, they need shutting down.

Scammers

Total scammers stay clear

It’s a scam, stay away!

They took my money and then I could not get back into the account! Apparently they sent me a new password but it never arrived and I have tried over and over.

How can I get them to stop.

I put my name and phone number in yo see what this platform was all about after what I’ve now discovered was a very good fake article on Facebook. They have not stopped calling me since with numbers in the UK, Germany, South Africa and Australia. I have only answered twice as they can also call on private numbers. Have asked them to stop calling but they said I need to provide a reason and they can only stop calling me if I make a deposit! What a joke. I laughed and hung up. They then called back from 3 different numbers and then private. I blocked every single one. I have also emailed them and told them to stop calling me and they said they can’t as I put my details in! What a joke!!

Overnight I just lost all

Oh How I wish I had found these reviews of this rotten scumbag company before I invested $500 au yesterday, overnight I just lost all but $28 usd on total mis-information . Cant wait for them to ring again, they will get the most abuse they ever got in their lifetime ! Fucking Scum !

I invested the minimum amount with RI Markets but changed my mind before my account was verified and asked for repayment of my money. They have said that they have no mechanism for repayment because I have not finished setting up my account. If they took my money, they must have a mechanism for repaying it. They are scammers.

terrible company to deal with

don’t open an account with rimarkets they ring you constantly, i got contacted 40 times within first 2 days, they harrass you.

I had not signed the a written agreement/contract that had been sent to me.
RIMarkerts withdrew money from my account without written permission.
They will return my money.
SCAM run by scammers.
My part did notdo due diligence.
They withdrew the sum from an account in LAGOS.

A scam & a fraud!!

RI markets MUST be investigated immediately. I have waited for over a week for my withdrawl of ВЈ500.00, and despite numerous requests to their service desks, they keep closing my ticket request with NO reply, and I am still waiting for my money. How can a company like this be allowed to operate the world over, in today’s strict regulated society? They constantly phoned me to make trades, bombarded, harassed me and bullied me. They even called me a liar when I asked for my money back as to the reason why? Surely some government or organisation can investigate them and close them down, if deemed neccessary, before more people lose their money.

Very upset

There is absolutely no communication or guidance and feels like I’ve been scammed

Steer well clear

This company has called me repeatedly from around 8:15am wanting to help me finalise my account set up. Even when told I would call them back they repeatedly ring anyway.

This afternoon I told an African girl from their office to stop calling me and she refused, saying that I had not given her a ‘good enough reason’ to stop calling me! When I put the phone down she rang again.

I would never recommend this company to anyone, in fact I would recommend the opposite, that any investor should steer well clear of them!

Fcorpservices ltd

I was charged for not trading.

Pathetic, sad scammers.

I didn’t give them any money. They had personal details scraped off LinkedIn and tried to claim that I’d signed up: so, lying from the start. Lots of fishing for other personal details. Company is staffed by sociopaths and malign narcissists with extremely deficient personalities.

They also threatened they’d ring back, but good luck with that.

RIMarkets – Worse scammers ever

Signed up to RIMARKETS after seeing a link on social media, seemed genuine. After depositing $250 the calls have started, they called me approx 20times a day requesting more personal details. The way their talk to me wasn’t very professional, calling me beautiful and all ive decided to get my founds out and don’t go ahead with it. They started calling more, being very forceful, aggressive and rude not allowing me to talj and take my money out! And im very strong headed person!still fighting for my money and they’re still calling but just to everyone know theyre scammers, not registered brokers and your experience with them will be only sour.

RI market cheat

I was call by alady and ask me deposit $200. After deposit this amount the account manager assit me for 1 week and seems the are NFP so I need to top up $500 usd. then he said I need to top $350usd to get more profit in oneday.There ask me to borrow from friends and relative. But I said I cant.The total money I deposit is $1050usd. After my trading become more negative I call to customer suport and the account manger .They never respond. They never even reply my mail. Plsdon trust this RI Market. They gain money by cheating poor people. And now I have balance 250usd but I cannot withdraw as they dont want to assit me.

Lady named Mary Cotril ask me to Invest 250 USD. Gave me a lot of information make me decide to Invest, she said within 24 to 48 hours my Account manager will call me! Until now havent receive any phone calls, please give my money back Fuc*ing scammer Mary Cotril.

RIMarkets Scam

I have invested USD 200 to start an account with Rimarkets. Immediately I received a call from a so called Account Manager. After introduction they keep on pestering to add more funds to your account. Even when I told them that I don’t have more. I add another USD 1,000. Intially some profit making, but after few days all gone. Don’t trust them anymore. I think it is more like a scam.

Wrong advertising and bad customer service

I was happy to learn about trading, I also indicated I am a first trader and only have $200 to trade with, well the company does say they need $200 to start trading. When I finished all the registration process I was called by a lady who told me I have to put more money to that account as this is little money to trade with, I was surprised to even learn that as I was told the company needs $200 deposit to start trading, but the lady wanted $1000. I also indicated that I dont get much money from my salary that is why I cant afford more deposits. I lost close to $100 on my trading and the lady tols me she cant trade with less money that is why she needs more money. When I told her I dont have money she told me that means I went to loose my whole deposit because I dont want to deposit money. Imagine someone threatening me that I will continue loosing this money if I do not deposit more. The money I deposited was all I had, if the company was not willing to help me trade it should have told me before I even invested my money with it. The attitude of that lade was so rude that she told me she deals with big accounts so she has them to focus on. I was told to even open my own trades without assistance and told me I can communicate with her via email. If this is how you help first time traders who do not have much money to invest then why do you allow them to as big accounts mean most to you that us who deposit little. You make the rich richer and the poor poorer so I dont see how you help people. You just care about making money for your selfs.

RIMarkets Review: is RI Markets Scam or Legit Broker?

RIMarkets is a Forex /CFD and cryptocurrency broker owned and operated by Fcorp Services Ltd , with an address at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Island, MH 96960. RI Markets contact phone number for the UK is +44 2039364555 and email address is s[email protected]

RIMarkets Trading Platform

Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good trading platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. RI Markets broker offers the MT4 Trading platform which supports custom indicators and Expert Advisors.

Withdrawal and Deposit Method

RIMarkets withdrawal and deposit methods could be carried out by the following means: Visa, MasterCard, Vload, Maestro. The minimum deposit is $250

License and Regulation

RIMarkets is NOT a licensed broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about most unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.

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Forex Brokers Lab

BROKERS with LOW SPREADS

ASIC REGULATED BROKERS

BROKERS with MINIMUM DEPOSIT

BEST FOREX BONUSES

RIMarkets

Trust

Commissions and fees

Customer Service

Platform & Tools

Product Portfolio

  • Unregulated broker, probably scam.
  • Spreads are high.
  • Official website is designed amateurly.

Regulators :

Minimum Deposit: $250

Maximum Leverage: 1:500

Spreads: High

My Score: 1.5

RIMarkets, founded in 2020, is a broker offering online forex trading services. Official website is available in both Russian and English languages. Therefore, an important part of the customers they target is the Russian. But I can say that the broker’s website is very useless. It may be difficult for a newbie trader to access the information he or she is looking for.

The range of trading instruments offered by RIMarkets is quite good. Many exotic fx pairs can be available for trading. Exotic currencies such as Israeli Shekel, Singapore Dollar, Indian Rupee, Turkish Lira, Mexican Peso, Swedish Krona, Hungarian Forint, South African Rand, Norwegian Krone, Russian Rubla, Polish Zloty, Hong Kong Dollar, and Danish Krone are offered by Rımarkets.

In addition to these, the range of instruments for commodities, spot metals and cryptos is quite high.

Due to some advantages, RIMarkets attracts investors. But is RIMarkets really advantageous as a forex broker? Is RIMarkets scam or a reliable broker? What types of accounts, spreads and leverage are offered by the broker? In this RIMarkets review you can find the answer to all these questions. You can also write to me for any other questions you have. I will try to answer as soon as possible.

Regulation

The biggest disadvantage of RIMarkets is that it is an unregulated broker. The broker is brand of Fcorp services Ltd and this company is registered in Marshall Islands but the broker is unlicenced.

It is a very difficult process for newly established brokers to obtain licenses from reputable regulators like FCA or CySEC. Because there are many conditions that these regulators require. For example; brokers may be required to keep a certain amount of money in the bank account as minimum net capital. Clients’ funds and operational accounts of the broker must be separeted. It is very difficult for brokers who are new to provide these conditions. Because of this, these brokers prefer to get a license from a less reputable regulator. However, the fact that a broker is not licensed is understandable and not acceptable.

RImarkets is probably a scam broker. Before you open an account, I recommend you to think well and review.

Account Types in RIMarkets

There are 3 different account types offered by RIMarkets: Silver, Gold and Platinum. You can see the features of the account types in the following table.

Account type Min. deposit Max. leverage Spreads
Silver Account $250 1:200 3 pips
Gold Account $1.000 1:400 2,5 pips
Platinum Account $5.000 1:500 2 pips

The Silver account type is similar to the standard account types found in other brokers. Minimum deposit amount is $ 250 in Silver Account type. I can say this amount is higher than average of forex industry. For example; The minimum deposit amount in FXPro is $ 100 and $ 5 in XM Forex. In this account type, maximum leverage is 1:200 but if you want to use higher leverage, you can choose Platinum Account which offers 1:500.

One of the major disadvantages of RIMarkets is spreads. The spreads offered in the Silver account type are 3 pips. These spreads are very high. The average of forex brokerage industry are around 1.6 pips.

With these trading conditions, account types offered by the broker are not advantageous for traders.

In addition to these, swap-free account type, also called Islamic accounts, is availeble for Muslim investors who do not want to earn or pay interest.

Payment Methods in RIMarkets

RIMarkets is one of the weakest brokers in terms of payment methods. As a deposit and withdrawal option you can only use wire transfer and credit card. In the last days, Skrill has been added as an additional option. However, many popular e-wallet systems such as Paypal, Neteller can not be used.

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