RwmTrade Review : Fees, Pros and Cons, Reviews by Real Traders

RwmTrade

Operating status: SCAM

Website: https://rwmtrade.com/

Broker violations and abnormal records

Mar 22, 2023 The UK regulator FCA confirmed RwmTrade a clone firm
The Financial Conduct Authority (FCA) issued a warning against RwmTrade, believing said firm is a clone of an FCA-regulated company: https://www.fca.org.uk/news/warnings/rwm-trade-rwmtradecom-clone-fca-regulated-firm

The Financial Conduct Authority (FCA) issued a warning against RwmTrade, believing said firm is a clone of an FCA-regulated company: https://www.fca.org.uk/news/warnings/rwm-trade-rwmtradecom-clone-fca-regulated-firm
Mar 23, 2023 BrokersView has reviewed that RwmTrade is an unregulated broker
RwmTrade claims to be the trade name of Renaissance Wealth Management Limited, which is authorized and regulated by the Financial Conduct Authority (FCA) with license number 941766. However, the FCA has issued a warning against RwmTrade, saying this broker copied the details of an FCA-authorized firm to try and convince people that their firm is genuine. That means, what it claims is a false statement to unsuspecting investors.
The truth is, RwmTrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

RwmTrade claims to be the trade name of Renaissance Wealth Management Limited, which is authorized and regulated by the Financial Conduct Authority (FCA) with license number 941766. However, the FCA has issued a warning against RwmTrade, saying this broker copied the details of an FCA-authorized firm to try and convince people that their firm is genuine. That means, what it claims is a false statement to unsuspecting investors.The truth is, RwmTrade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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