Is RCPro Scam or Legit Broker?

No, RCPro is an unregulated broker. RCPro is a Forex and CFD broker, owned and operated by GoldTech Media Services OU. GoldTech Media Services OU is incorporated and located in Tallinn, Estonia, however, the company is not regulated in Estonia or any other European country. There is no information about the broker’s regulation at all, so it has no legal right to provide its financial services. 

About RCPro
🗺️ Registered inEstonia
🗺️ Type of LicenseNo License
🛡️ Is RCPro safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is RCPro?

Another thing that should be a huge red flag for those who want to invest with this broker is the reputation of GoldTech Media Services OU. The company has been blacklisted multiple times under the names of other unregulated brokers such as S2Trade and Glenmore Investments. These brokers along with GoldTech Media Services OU have been blacklisted by the UK’s Financial Conduct Authority: S2Trade in February 2018 and Glenmore Investments in August 2018.

  • As to the RCPro, it has also been banned by the Estonian Financial Supervisory Authority:

“Finantsinspektsioon (the Estonian Financial Supervisory Authority) would like to inform clients and investors that GoldTech Media Services OÜ (commercial registry code 14185919) does not hold an activity licence for the provision of investment services in Estonia and therefore GoldTech Media Services OÜ is not authorised to provide investment services in Estonia. The company offers the possibility to trade different derivatives through web page”

RCPro - official website

RCPro Review Conclusion

We advise all investors and traders to avoid RCPro and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. 

Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BlackBull Markets.

RCPro Update

We found that the RCPro website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

No news available.

5 responses to “RCPro”

  1. The same experience happened to me and when they tried many times with me to add more money to my account and I refused they started neglecting me and not answering my messages and of course when I tried to withdraw some of my profits I couldn’t withdraw a dollar. They are using default numbers not real numbers.They are big scammers. I don’t know why they are not stopped and and arrested
    with all those people complained on them????????????

  2. They have stolen a large amounts of money from me. 100% of their recommendations & trading signals to me go the wrong way. I discovered now that they do that on purpose but it is too late. They keep insisting on more & more deposits with promises of very high return but it is all lies and they make sure you loose, then ask for more deposit and threaten that you will loose all your investment if you do not pay, with promises they never keep. They Operate from Scotland, they never care about any complaints you raise, they only assign you to another account manager who is expert in making sure you pay. I was assigned to 4 account managers, all of them ended up big liers and scammers. I hp[e someone can guide me on how to get back my money.

  3. They are an offshore fraud company with no license at all. Their accounts are not real money accounts but demoaccounts that they manipulate and controll. They can cancel your trades, to help you out, and even offer insurance, meaning that if you loose your money they can get them back, if you pay 20 % in insurance. The only reason not a lot of people report them is because all “customers” end up loosing everything on trades, not even knowing Rcpro is behind the loses. If you succed to be successfull in your trades and want to make a withdrawal, there is no way you will get any money. Only if its small size withdrawals you will get the money, just for them to get your trust. When making deposits they will tell you to transfer money to many different accounts all over the world, with strange beneficiary names, like food companies, and private individuals in Saudi Arabia.

    All you who have lost your money trading with them, you should know, you never lost anything because you never even got a real money account to begin with, even less made any real trade.

    The banks are now suspecting them, and holding on to their money, awaiting more evidence to be found. Contact HSBC in Hong Kong, about this fraud to get your money back

  4. They’re liars They ask to deposit money for trading and make large volume trading to raise their benefit percentage. They made lose 6.500.0 US dollars within a month. I feel very sad and bad to know them and to trust them.

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