Revolut Expert Review: Learn More About this Broker
Revolut Expert mentions Sanguine Solutions LTD to be their owning company. The headquarters are in St. Vincent and the Grenadines.
Known as the scammer haven, SVG has become a common destination for unregulated brokerage companies. It is so because the SVG financial authority (SVGFSA) does not regulate forex brokers.
Despite all that, this company clearly states to be regulated and fully protective of clients’ funds. The truth is upsettingly different.
Revolut Expert is not regulated or licensed in any way and there has been a warning issued against this phony.
Quick Overview of Revolut Expert
Revolut Expert suggests the clients be able to trade Forex, stocks, indices, and commodities on the best-performing trading platform. New clients are able to choose from several account types, depending on their trading preferences.
Also, fast money gain is guaranteed with the help of leverage that goes up to 1:500. Apart from that, by becoming Revolut Expert’s partner and attracting new customers, users can be rewarded with considerable bonuses.
Bonuses, lack of information, and leverage above allowed for regulated brokers. Already sounds like a typical bogus broker.
|Leverage||1:100 to 1:500|
|Spread||From 0.0 pips|
Regulation and Security at Revolut Expert
Revolut Expert claims to be regulated, so we have decided to examine that. Except for claiming to be regulated, the broker doesn’t even mention the regulatory body that licensed them.
We have checked the registers of regulators like FCA, ASIC, AMF, BaFin, and FINRA but the search results amounted to zero.
Moreover, CNMV has blacklisted Revolut Expert as a fraud that is not authorized to provide investment services.
Regulated brokers have established long-lasting businesses with considerable starting capital. They are also obligated to have full transparency considering the company’s background and transactions.
Privacy and investors’ rights are protected by safety protocols and segregated bank accounts, as well as negative balance protection.
Unlicensed fraud like this company cannot guarantee any of the mentioned.
Available Trading Platform at Revolut Expert
Revolut Expert is claiming to offer traders access to the famous MetaTrader platform, across all devices. The broker doesn’t actually make it clear which MT they offer. It is also shady not to be able to download or access the trading terminal at all until depositing a certain amount.
The screenshots of what the site shows as its ultimate trading software can be found on the homepage. From the looks of it, we can deduce that it hardly has anything even remotely to do with MT4 or MT5.
Deposit and Withdrawal Options
The initial deposit required depends on the account type chosen. Methods of depositing listed on the site are credit/debit cards, crypto, and bank wire transfer. Revolut Expert confidently stands behind the declaration that all taxes or fees applied come only from the clients’ banks.
The deposit and Withdrawal policy states the withdrawals are to be processed between 4 and 7 business days.
Terms and Conditions say that withdrawal processing takes 7 to 10 business days. Seems the broker is quite indecisive about the details.
The minimum trading volume required to be eligible for withdrawal is (bonus amount + Deposit) x25.
Revolut Expert Offers Bonuses and Promotions
Revolut Expert offers the following bonuses:
- Automated trading
- No commission depositing
Automated trading represents mirroring the trades of selected traders using the auto-follow.
No commission when depositing consists of the company compensating the commission to the investor.
If they have invested $1000 and the commission is 7%, the company compensates those $70 and the investor has the whole $1000 in their account.
Offshore Brokers Scam Tricks
Revolut Expert possesses all the common features of scam websites. The goal is the entrapment of unsuspecting victims. This is achieved with attractive trading conditions, bonuses, and rewards. Cyber theft is committed by robbing investors of their funds.
All this while the false idea of trading happening is fed to investors. When withdrawal is attempted in hope of recovering lost funds, an unscrupulous broker uses every possible pretext to sabotage the chargeback.
Revolut Expert Summary
Phonies in online trading business are encountered every day. They all operate without regulation acquired.
To protect yourself from fake brokers like Revolut Expert make sure to always double-check a broker. If they appear even slightly suspicious, look for a licensed one.
Do not lose your hard-earned money or life savings. Besides that, dealing with cyber thieves drains your energy and it’s time-consuming. Refer to financial authorities for help instead and share your experience online!
FAQs About Revolut Expert Broker
What Are Revolut Expert Deposit Methods?
Deposit methods mentioned on the broker’s website are credit/debit cards, bank wire transfers,s and crypto.
How Do I Withdraw my Earnings at Revolut Expert?
After reaching the required trading volume, filling in the withdrawal form, and verifying
your identity you are eligible to request a refund.
Is Revolut Expert Regulated?
No, Revolut Expert is a non-regulated, non-licensed bogus broker.