Beware! RevenueCenter.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
RevenueCenter.com posses a strong visual side that will undoubtedly lure in users to its cause. That is where we come in to tell you that RevenueCenter.com is a scam, albeit a well disguised one. Once you overlook the design, you will find that this broker is not really what it seems to be but a complete and utter scam that sweettalks its users into investing by promising them profitable returns. Or in other words, a typical FX scam!
We registered very easily, meaning that anyone can effortlessly open an account. This is exactly what the broker wants; to scam as much as possible, or at least to try to. This is one of the main tactics, as well as the most popular. And a very effective one, might we add.
Anyway, we were redirected to a web trader the moment we entered the user area, which acted as a sort of main HUB area. This is also a popular scammer approach that just simplifies things for the fraudsters. The web trader revealed that the available assets to trade with are forex currency pairs, crypto, stocks, commodities, and indices. The EUR/USD cost of trade was 3 pips which is not profitable and only the broker can gain from it. The leverage was capped at 1:100.
REVENUECENTER.COM REGULATION AND SAFETY OF FUNDS
RevenueCenter.com has chosen not to include any legal or contact information, making this broker anonymous. Anonymity is by far the worst state to be in, for both the broker and the users on it.
To be anonymous means to be completely untraceable, diminishing the already miniscule chances of withdrawing any funds previously invested. But that is just the start of it. What about the personal details; all those contact and address details, as well as banking or card information? It all is stolen and can be used by RevenueCenter.com as a mean to blackmail users.
Moreover, to be anonymous may also backfire since even rookie traders may find it odd that RevenueCenter.com does not include these details.
And so, RevenueCenter.com is completely unregulated and a scam. All investments will be lost.
It would be a big shame to lose all that money to scammers. By registering and investing in an unlicensed broker, you are indirectly throwing your money away for a completely futile and illicit cause. There is no reason to do so. That is why we urge our readers to rely on European, UK, US, or Australian brokers, or any licensed entity for that matter. Licensed entitles are covered by hundreds of requirements, many of them apply financial compensation schemes, and anti fraud practices. In other words, they are the exact opposite of what this broker and others like it stand for.
REVENUECENTER.COM TRADING SOFTWARE
It’s a somewhat decent web trader, but as it happens, RevenueCenter.com is unregulated and therefore not worth trading with.
But what this web trader has is enough to satisfy newer investors, with some chart options and some tools here and there. But again, RevenueCenter.com is a scam so any invested capital will most surely not be reflected on this web trader.
REVENUECENTER.COM DEPOSIT/WITHDRAW METHODS AND FEES
From the user area, we are told that the payment methods are crypto wallets, only crypto wallets. And what’s more, the broker encourages the user to directly invest in a wallet, which is the surest and fastest way to lose all deposits capital. There is no minimum deposit requirement, no matter what site says. The client can go with as low a number as $1.
In the withdrawal policy, we are told that, well we will just quote it becasue we are not sure what the broker is trying to say: “Please be advised that the minimum withdrawal amount is the Crypto Asset equivalent of 50 USD/EUR/GBP.” It seems that the broker is telling us here that the minimum withdrawal amount is the crypto equivalent of $50.
There are no withdrawal fees apparently, but you can never know with scammers what’s going on. However, we do find mentions of third part fees and additional “fees, prices, premiums, settlement and clearing fees, legal expenses and taxes.” None of these, latter ones have been revealed meaning hat they can be launched at any time from out of nowhere.
So, there is no reason to invest in this scammer broker. Do not invest here.
HOW DOES THE SCAM WORK
Generally, the first step to being in a scam, whether a user is aware of it or not, is to bridge the crucial gap that exists between a user and a broker. With legit entities rarely does this go beyond the limits of formality, whereas with scammers they will try to behave as close friends, and will try to sell you as much as they possibly can.
It easy to fall prey to their sweet talk, because as financial instruments grow more complex, so do scammers, and there are surprisingly advanced swindle techniques that will leave you empty handed faster than you know. So make sure to think before you act, and to ask for professional guidance if necessary.
Contact usually begins at the online ads level, and expands to the telephone line relatively fast, depending on how good the scammer is and how susceptible he or she is to manipulations.
The ultimate goal is reached once a scammer successfully causes an initial deposit to be invested. Once this happens the user has become the victim, and from then on the fraudsters will try to retain the client for as long as possible, draining him/her along the way.
On average, it takes 2 to 3 deposits for a user to realize that something very unlawful is happening. By that point however, the broker will cut all communications with the user and will deny all withdrawal requests.
WHAT TO DO IF SCAMMED
The most common action to take is to file for a chargeback, but this happens only if the user has invested with a credit or debit card. That’s why you don’t get many investment frauds taking card payment nowadays. But the good news is that, if money was invested via a card, the chargeback period for MasterCard and VISA is 540 days.
Wire transfer deposits are harder to get back, and the only thing we recommend is contacting the bank to sort things out if possible. Oh, and make sure to change you bank account user name and password ASAP!
Crypto transactions are lost for good, unfortunately. As cryptocurrencies become more numerous and the systems underlining them more complex, scammer are taking full advantage of these aspects, and the end results are very lucrative. So, never trust unregulated brokers with crypto payments.
And then, we have to mention the other type of scammer, the recovery agents. These are either third party fraudsters or extensions of existing swindles, and will provide the seemingly impossible service of tracing your lost money. All they need is a fee for their effort, a sum of money that will be lost once paid.