Is RSI-FX a scam or legit? rsi-fx.com
Is RSI-FX scam or legit?
Despite broker’s attempts to make it look like it is a UK-based company and has the rights to offer its services in the UK, they are only regulated in St. Vincent and the Grenadines, meaning offshore. So in most case, RSI-FX is another scam.
St. Vincent and the Grenadines is an offshore zone attracting various firms that for one reason or another escape from serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors investments.
Conclusion on RSI FX Review
Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around. You can read more about reasons why you should avoid brokers from St Vincent & The Grenadines, and better select among well-regulated Brokers with good trust.