Is RC Global Financial a scam or a legit broker?

RC Global Financial is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes. This results in a very high risk trading opportunity, despite its alluring proposal.

About RC Global Financial
🗺️ Registered inBelize
🗺️ Type of LicenseOffshore License
🛡️ Is RC Global Financial safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

RC Global Financial is a Forex broker, owned and operated by RC Global Financial Ltd. The company doesn’t provide any information about its trading conditions as well as its official location and proper regulation. Although they state to have a license from the International Financial Services Commission of Belize, the broker is in the process of surrendering it due to some strategic reasons. So the question is what is worse to have an offshore license or to have no license at all. Obviously, we recommend avoiding both cases as they are very risky.
The broker claims to have offices in the USA, the UK, and France with the main office in Hong Kong. In order to legally operate and offer its financial services in the mentioned countries, RC Global Financial would need to be regulated by the proper authorities. Besides the Belize license, this broker doesn’t hold any other license and is not overseen by any reputable regulator. Belize is just one more offshore zone where the requirements for the forex brokers are loose and there is no control over the funds of the investors.


Conclusion

We highly recommend to avoid offshore brokers and choose among properly licensed entities that have the protection from serious regulators such as UK’s FCA or Australian ASIC. These authorities apply strict rules to licensed companies and keep the clients’ funds in segregated bank accounts which can’t be accessed by the brokers. Check the list of the FCA-regulated brokers.


RC Global Financial website is no longer active

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