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RainBow

Operating status: SCAM

Website: https://www.rainbowhkfx.com/

Broker violations and abnormal records
  • Jun 07, 2022 Brokersview has Reviewed that RainBow is an Unregulated Forex Broker

    RainBow claims it is a reliable forex broker without presenting any details of its regulation. The lack of such important information may be a distinct characteristic of unlicensed brokers, as regulated brokers always present their accreditation and licenses in a prominent position. It is a red flag. 

    According to the firm name, RainBow Capital (HK) Limited, this broker locates in Hongkong. We searched on the Hongkong Securities and Futures Commission (SFC), and found a matching result. However, the regulated activities of this broker include dealing with securities and advising on corporate finance. That means RainBow is not authorized to provide foreign exchange services in Hongkong.

    Since the foreign exchange activities of RainBow are not regulated by any regulators, letting this broker hold or control customers' money is unsafe and the money cannot be protected by any law. Therefore, it is a scam.

    RainBow claims it is a reliable forex broker without presenting any details of its regulation. The lack of such important information may be a distinct characteristic of unlicensed brokers, as regulated brokers always present their accreditation and licenses in a prominent position. It is a red flag. According to the firm name, RainBow Capital (HK) Limited, this broker locates in Hongkong. We searched on the Hongkong Securities and Futures Commission (SFC), and found a matching result. However, the regulated activities of this broker include dealing with securities and advising on corporate finance. That means RainBow is not authorized to provide foreign exchange services in Hongkong.Since the foreign exchange activities of RainBow are not regulated by any regulators, letting this broker hold or control customers' money is unsafe and the money cannot be protected by any law. Therefore, it is a scam.
  • Aug 23, 2022 The Hongkong SFC Added RainBow into Its Warnings

    On 24 Aug 2022, the Securities And Futures Commission (SFC) of Hongkong warns the public that RainBow is a suspicious website. You may visit: https://www.sfc.hk/en/alert-list/2862

    On 24 Aug 2022, the Securities And Futures Commission (SFC) of Hongkong warns the public that RainBow is a suspicious website. You may visit: https://www.sfc.hk/en/alert-list/2862
  • Nov 17, 2022 BrokersView has found that RainBow is not working

    BrokersView found the domain "https://www.rainbowhkfx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.rainbowhkfx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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