Robertson RX Review – 5 things you should know about robertsonrx.com

Beware! Robertson RX is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Robertson RX is a shady, unlicensed broker that has recently been deemed to be a scam by a respected regulator. In other words, this is the last broker you should be considering opening an account with – the risk of losing a lot of money very fast is huge.

Robertson RX Regulation and Safety of Funds

Robertson RX claims to be a Singapore-based broker. Singapore is a main global financial center and home to many respected brokerages. All brokers offering services in the country have to be licensed by the Monetary Authority of Singapore (MAS). This authority requires that brokers under its supervision maintain a high level of service, and prove that all their employees are competent and experienced. Local brokers also have to keep client money in segregated bank accounts.

When we checked the register of the MAS, however, we did not find any matches for a broker with the name Robertson RX (we had to check the broker’s name since no company name was provided). This means that the broker is not authorized to offer services in Singapore.

Something we found equally bothersome was the fact that this broker has been deemed to be a scam by one of the most reputable financial authorities in the world, the UK’s regulator the FCA.

Such a warning proves with complete certainty that we are dealing with a scam company.

Instead of risking losing money by investing it with such scammers, turn to a respected broker licensed in the UK, the EU, or Australia.

Robertson RX Trading Software

Robertson RX promised access to a web-based trading platform that supposedly featured “a seamless, user-friendly interface that includes technical indicators, charts, and customizable tools and settings”. That might be true – but we cannot know for sure. The broker would only allow existing clients to log in but would not allow new clients to open accounts. This is quite suspicious and might indicate that this broker prefers to choose its clients and not the other way around. This is something scam brokers often do in order to keep their fraudulent activities undetected for a longer period of time.

Such brokers usually do not offer impressive trading platforms anyway. What we would recommend is working with brokers that offer advanced trading platforms such as MetaTrader 4 and MetaTrader 5 – two of the most popular platforms in the industry.

Robertson RX Trading instruments

Robertson RX offers access to popular markets such as Forex, Commodities, Stocks, Indices, CFDs, and Crypto – or at least this is what they claim. Without access to a functional platform, however, we cannot confirm the accuracy of this information.

Robertson RX Spreads and Cost of Trading

Since we were unable to access a functional trading platform, we cannot say anything specific about the spreads Robertson RX offers. Even if they are great, however, we would still not deposit with such a shady enterprise. Many legitimate brokers offer amazing spreads of around 1 pip and sometimes even lower.

Robertson RX Maximum leverage

Robertson RX did not provide specific information about the leverage rates it offers. This is another huge slip-up on the broker’s side since legitimate brokers usually make sure to provide all the trading conditions information their clients might need.

We urge you to always be careful with your leverage settings and only trade with rates you are 100% sure you can handle. Trading with higher leverage might indeed result in bigger profits but it could also lead to bigger losses.

Robertson RX Deposit and withdrawal methods

Robertson RX did not offer specific information about the deposit methods it accepts. Whatever the payment methods available, however, depositing with such shady brokers is not advisable.

Most legitimate brokers allow their clients to deposit in a wide variety of ways – via wire transfer, with a credit/debit card, in crypto, or using popular e-wallets like Skrill and Neteller.

Robertson RX Minimum deposit

Robertson RX asks for a huge minimum deposit – as much as £5000 – in order to open a trading account. This is outrageously high – especially considering how many scam brokers would allow you to open an account for as little as $10.

Robertson RX Withdrawal requirements

Robertson RX did not provide specific withdrawal requirement information in its Terms and Conditions. We cannot help but point out, however, that many scam brokers do have such withdrawal requirements. For example, many scammers would ask you to pay outrageous withdrawal fees – as much as 20% – in order to allow you to start trading, Furthermore, many of them impose impossible-to-reach trading volume requirements and will deny all withdrawals before a certain very high threshold is reached. Whatever the case, you should be careful and refrain from trading with such fraudulent brokers.