Rumelia Capital is an unlicensed Forex Trading Forex Broker that opened in July 2016. Their web site say that whitelabel options are supplied by: Environment Administration, Ltd. Workplace 29, Clifton Home, Fitzwilliam Road Decrease, Dublin 2, Eire.
Rumelia Capital’s cellphone quantity is; USA: (347) 487-4062 and in the UK: +44 203 514 7061.
The e-mail deal with for his or her compliance division is: [email protected], and for frequent complaints you may learn this.
Rip-off Buying and selling Apps
The automated buying and selling software program video you noticed is a scam, learn why.
Rumelia Capital doesn’t enable you to make use of an auto buying and selling system. Of their phrases and situations (part 15.2) they write;
In case you combine an automatic or semi-automated gadget on the Rumelia Capital browser or platform in lieu of your private interplay or make the most of a backdoor API; we are going to contemplate your exercise system abuse and we are going to nullify your place or cancel your account with Rumelia Capital.
This implies; even if you happen to made cash with a software program like Cogni Commerce or HexaTrader, your account will likely be closed!
Rumelia Capital Evaluation
The Forex Trading buying and selling system you see at Rumelia is a plain system which is usually utilized by “robotic Forex Brokers”. You may see different Forex Brokers like Glenridge Capital who additionally use this buying and selling software program. Their platform solely has excessive/low Forex Trading at a number of expiry instances from 60 seconds till 1 years. Returns on EUR/USD choices are solely 70%.
Minimal deposit for brand spanking new accounts is $250.
Rumelia Capital is Not a Licensed Broker
The primary merchandise we examine once we review a Forex Trading Forex Brokers to seek out out if they’re a respectable or scam Forex Broker is a license. If a Forex Broker has a license, it ought to be from CySEC, ASIC, MAS or CFTC. Your nation of residence determines which Forex Broker is authorized for you. To see an updated record of licensed Forex Brokers, look right here.
Rumelia Capital doesn’t have a license.
The first purpose that traders solely commerce at a licensed Forex Broker, is to make sure they won’t have drawback withdrawing their funds.
On October 26th 2015, FINRA revealed an investor alert relating to offshore Forex Trading Forex Brokers. Learn the alert on FINRA’s web site right here.
Warning from ASIC Australia
“ASIC urges all traders contemplating buying and selling in Forex Trading to examine they’re coping with an entity that holds an Australian monetary providers licence.”
Examine Rumelia Capital
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