Is RSI-FX a scam or legit?

By Daniel Miller, from United Kingdom, June 9, 2022 at 05:12 PM

Is RSI-FX a scam or legit

Answer: Hi Daniel Miller,

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 the St. Vincent and the Grenadines, meaning offshore. St. Vincent and the Grenadines is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to international service providing. However, in the case of the 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. 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.

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