Beware! Realtradingplatforms.vip is an offshore broker! Your investment may be at risk.

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Despite the pretence of the name, Realtradingplatforms.vip, or Real Trading Platforms, is actually quite fake. This website is nothing more than yet another online scam trying to cash in on the hype surrounding cryptocurrencies. In this review, we will show you how to determine if a broker is fake or authentic before investing your money.

Realtradingplatforms.vip Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Realtradingplatforms.vip
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The most important information about a financial services provider is its regulatory status. Licensed brokers provide detailed information about which company runs them, where it is based, which jurisdictions it is authorised in and which regulatory bodies oversee its activities.

The only place we see a company name is the footer on the website – Real Trading Platforms LTD. But we have found no evidence that this company exists. The text of the Terms and Conditions is only a few paragraphs long, contains no specific information, and generally does not meet the standards for such legal documentation.

An incomplete contact address in the USA is given, which is undoubtedly false. Such an anonymous website could not legally offer financial services in a regulated jurisdiction.

The financial authorities in another financial centre, the United Kingdom, have issued an explicit warning that Realtradingplatforms.vip is a scam.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

Realtradingplatforms.vip Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Realtradingplatforms.vip platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

After signing up for an account, we find that Realtradingplatforms.vip  does not have a trading platform. The web site’s dashboard has only simple charts with current Bitcoin prices, which have no trading functionality. Realtradingplatforms.vip does not have the technological capacity to truly offer the services it claims.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Realtradingplatforms.vip Trading instruments

CurrencyStocksIndicesCryptoCommodities
Realtradingplatforms.vip
XMYesYesYesNoYes
FBSYesYesYesYesYes
FXTMYesYesYesYesYes

Realtradingplatforms.vip claims to offer cryptocurrency trading. This is further proof that this website does not belong to a licensed broker in the UK. The FCA prohibits local brokers from offering crypto derivatives trading to retail traders.

Realtradingplatforms.vip Spreads and cost of trading

Realtradingplatforms.vipXMFBSFXTM
Spread EURUSD0.611.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

Legitimate forex brokers offer a variety of trading account types tailored to the needs of clients with different capital and investment intentions. These brokers also provide clear and detailed information on trading parameters – leverage, spread, commissions, order execution method, etc. Instead, Realtradingplatforms.vip offers investment plans promising guaranteed profits.

A genuine broker will not and cannot promise you guaranteed profits. In fact, licensed companies are obliged by regulators to warn their clients about the high risk of losses when trading financial instruments.

Realtradingplatforms.vip Maximum leverage

ForexStocksCryptoGoldIndices
Realtradingplatforms.vip1❌
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30. Higher levels of leverage are only offered to professional clients who trade entirely at their own risk.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

Realtradingplatforms.vip Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Crypto24 hours24 hoursFee depends on crypto

Realtradingplatforms.vip only allows the deposit of funds with cryptocurrencies.

This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.

While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

Realtradingplatforms.vip Minimum deposit

Realtradingplatforms.vipXMFBSFXTM
Minimum deposit$500$5$10$5

Realtradingplatforms.vip requires a minimum investment of 500 USD. For ten or even a hundred times less, you could open a starter trading account with some of the leading global brands.

Realtradingplatforms.vip Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Realtradingplatforms.vipNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Since Realtradingplatforms.vip does not provide proper legal documentation, it is unclear what traps the fraudsters may have set. Typically, fake brokers make withdrawing money impossible through huge fees and impossible-to-fulfil traded volume conditions.

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