RevolutExpert - divorce or not? Review of Scam Brokers
By The Forex Review - 10 / March / 22 638
Dominick Bell
Broker RevolutExpert, which operates in Britain, is considered a scam with a bad reputation.
If we go to the official website of RevolutExpert - Revolutexpert.ltd, we will read that this organization provides brokerage services for working on the Forex financial market in the UK. In addition, RevolutExpert provides programs for trading operations.
Our employees explored the RevolutExpert website, got acquainted with the terms of action, attempted to get demo access to the software, investigated the existence of official papers, the place of registration of the organization.
With the help of the information received, we will find out: Is RevolutExpert a scam or not?
In addition, we will tell you how not to fall for the bait of scammers, about their methods of work. We will tell you all the necessary data to keep your money safe.
RevolutExpert is based offshore
A serious sign that says that RevolutExpert is bandits is the country of residence. The company is officially registered in the Republic of the Marshall Islands, which is already suspicious, since RevolutExpert operates in England. Offshore states are popular with scammers due to the lack of legislation and control.
In addition, this state does not have the authority to work on Forex.
Also, when we tried to identify the address, mentions of the owners and directors of Revolutexpert.ltd, we could not reveal anything.
This demonstrates that Revolutexpert.ltd is a fake Internet broker, cooperation with which will result in serious financial losses.
Could not find information about the owners of Revolutexpert.ltd
After examining the website, our experts could not find reliable information about the directors of Revolutexpert.ltd. No addresses, no phone numbers or other ways to get in touch.
Usually, this means that real leaders are trying to hide their identities in order to evade accountability for actions. And even if you manage to expose one of the employees of RevolutExpert, then this will all end, and the real owners of the shadow company will remain at large with money.
RevolutExpert, official website - RevolutExpert, is less than a month old
The RevolutExpert website speaks of extensive experience in the Forex market.
The most common method of studying any web site is to obtain information about the domain. Usually, they indicate the age of the domain name, the contact details of its owner.
In this case, the domain name Revolutexpert.ltd exists for less than one month, and the information about the person who owns it is hidden. Another evidence that the organizers of RevolutExpert are trying to preserve their incognito.
Such a desire can be supported, but not when it comes to a company that works as an intermediary between a trader and Forex.
At the same time, Revolutexpert.ltd assure users that they have been successfully operating on Forex for a long time.
Revolutexpert.ltd has no demo period
It is a common practice for brokers to give users a demo version of their programs so that they can get acquainted with the interface, try their skills in playing the Forex financial market with fake money.
Unfortunately, on the Revolutexpert.ltd website, we did not find information about the trial period, the opportunity to try the programs.
Probably the owners of the Revolutexpert.ltd company most likely do not plan to give users trial access to the software, since some of them are able to suspect a scam.
Broker RevolutExpert works with a negative account
Official organizations that trade on Forex do not use a negative balance in their work. By law, the broker's client cannot spend more now is on the balance sheet. In those rare situations when the balance goes negative, the debt must be repaid not by the user, but by the company that offered the services.
In accordance with this, legal online brokers do not use a negative account in their work.
And yet, RevolutExpert provides its traders with Forex operations with a negative balance, that is, on credit.
What is it for?
To drive the user into debt and start extorting him to repay the loan. This is one of the most popular fraud methods used by financial bandits.
If this has already happened, you need to remember that scammers have no way to collect finances under the law of England. All methods of influencing customers are considered criminal. The maximum that scammers are capable of is to call, write messages with demands.
It is impossible to cooperate with Revolutexpert.ltd, since any agreements will result in new losses.
Revolutexpert.ltd operate with a leverage of one to four hundred or more
At this point, it becomes clear that RevolutExpert are scammers. However, let's pay attention to one more nuance, namely the existence of an extremely large leverage.
Leverage is the ratio of the money of traders and online brokers at the conclusion of a trading operation. This makes it possible to make significant transactions for traders who do not have a lot of money with them.
To protect the safety of Forex traders, in developed countries the laws provide for the use of a credit ratio with the highest ratio of 1 to thirty, in exceptional cases fifty.
At the same time, RevolutExpert applies a leverage of 1 to four hundred for Forex trading.
Such an attitude is allowed in Switzerland, as organizations registered in this country enjoy high confidence. However, RevolutExpert is not registered in this country.
In fact, RevolutExpert has no right to trade on the Forex financial market with such a credit ratio, due to the high risk for users. Accordingly, this is done only to force the client to give as much of his money as possible, but also to drive him into loans.
Regional branches of RevolutExpert
It is considered important for a financial company to have local branches in civilized regions, even if the work is carried out only in England. Therefore, RevolutExpert reports that in addition to a large number of awards, there are local offices in
England, Australia and other developed countries, and in addition about many experienced workers.
Checking the reality of these representations is elementary. After all, industry structures that regulate the actions of Internet brokers are known. In the UK it's FCA, in Australia it's ASIC.
Therefore, a legal company is required to have official papers from these or other organizations that will prove their authorized right to provide Forex trading services, determine the degree of responsibility.
However, after reviewing industry websites, we were unable to find them. Which once again reinforces our suspicions.
Registration on Revolutexpert.ltd requires the transfer of confidential data
As we mentioned earlier, RevolutExpert does not have a trial period and, accordingly, in order to gain access, you must immediately pay the minimum deposit to the RevolutExpert bandits. Also, access to the Revolutexpert.ltd personal account is possible only upon successful completion of the client verification.
This means that RevolutExpert requires its users to provide information such as:
- Information about an individual;
- Data on the permanent place of residence (receipt for a communal apartment);
- Information about qualifications, length of service, place of work.
In addition, during the initial transfer, the bandits are able to access the card data.
Together, this data can allow fraudsters to hang a loan on a deceived client, or carry out other shadow operations.
Since registration on the official website of Revolutexpert.ltd requires sending confidential data, our specialists did not get access to the RevolutExpert personal account and software for making money on Forex.
Reviews about RevolutExpert
An extremely important point of exposing RevolutExpert is the analysis of traders' reviews.
An analysis of the search results on the Internet gave us the following data:
- Most mentions of RevolutExpert on the net are false. These are similar positive references to a paid character;
- All real reviews and references to RevolutExpert are negative. Our experts could not find reviews and comments from Revolutexpert.ltd customers, which mention good income, efficient work.
- Negative mentions are caused by illegal activities, theft of deposits, creation of debt.
Therefore, reviews about RevolutExpert say that this broker is a scammer.
Contact details and papers RevolutExpert
Analyzing the data on Revolutexpert.ltd, our experts have found many dubious digital documents that can be easily made using a graphic editor. They are not confirmed by official organizations, which means that they cannot be trusted.
If an online broker is not associated with regulatory companies, then users simply have nowhere to turn for help.
On the "Contacts" page, our employees 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 an online Forex broker? Make sure that you can take away investments from him.
Analyzing the trading agreement on the RevolutExpert website, our experts did not reveal clear information about the ways to withdraw the money earned. In addition, our employees identified a description of the punishments for a long period of inactivity of the account, but did not find information about their size. Since the criminals do not operate in the legal field, it is impossible to protest these fines.
That is, even if the client has finished working with RevolutExpert, they can begin to disturb with calls and write messages demanding to pay a fine.
How does RevolutExpert work?
The method of searching for new users that RevolutExpert uses is also alarming.
For advertising, fake social media accounts are used, in which non-existent users spread information about how they instantly managed to get rich by making transactions on the Forex financial market with the help of RevolutExpert. Bots expose expensive cars and clothes, travel to resorts, and other indicators of a rich life.
Fakes guarantee instant income growth, for which you do not need to study or put a lot of effort.
If a potential client gets in touch with scammers, RevolutExpert managers report about the possibility of instant earnings, as well as some unique features of their programs that will allow you to immediately get a big profit.
After that, various manipulations are used to get the maximum money from the user. For example, a fake profit can be created for the user to provoke the transfer of even more investments.
When trading on the Forex financial market is unprofitable, the manager will offer to invest more in order to close the losses.
RevolutExpert employees work according to manuals developed by experienced manipulators. Criminals study client data in order to put pressure on specific places, to pull out more deposits.
As a result, everything will be reduced to one of the results:
- When you are about to receive finance before you find yourself in the red, you will draw fees, close assets, and do everything to force you to transfer more;
- If you allow scammers to drive the account into a minus, there will be threats, scammers will start extorting to repay the fake loan.
Another way to generate income for RevolutExpert could be to sell your sensitive data to third parties. Most likely, as a result, information about you can actually be purchased for a small amount on an anonymous Telegram channel on the dark web.
It is likely that as a result of this, all sorts of scammers, managers, etc. will call you more often. You should also wait for messages from RevolutExpert colleagues who will offer a "return" of lost investments, of course, for a fee.
Since RevolutExpert does not operate in a regulated field and remains anonymous, RevolutExpert cannot be compelled to respond under applicable laws in England. The heads of the criminal organization are carefully hidden and in the best case, law enforcement agencies will be able to figure out one of the "managers".
Can I work with RevolutExpert?
Not!
Only if you plan to give money to scammers, then give it to charity.
Let's briefly list the evidence that RevolutExpert are criminals:
- Lack of official registration;
- No trial period;
- There is no information about the owners of the organization;
- Phone number revealed in criminal schemes;
- Negative balance;
- Leverage greater than one in fifty;
- Bad reviews;
- Invalid data on the website.
Full review of RevolutExpert - over. Clearly RevolutExpert are scammers.
For your safety, we have compiled a blacklist of brokers.
