What is Forex?
Forex, also known as foreign exchange or FX, is the world’s largest financial market. It enables the simultaneous buying and selling of global currencies, allowing traders to capitalise on the movement of one currency against another. Forex trading isn’t limited to big institutional investors – anyone with a internet connection and a bit of capital can access the FX market and try to make a profit.
It should be noted that while the forex market can be lucrative, it is also highly risky. Forex trading is not suitable for everyone and requires specialised knowledge, experience and a certain amount of commitment. That being said, anyone who expects to make money on the forex market must understand the different aspects of trading, including how and when to trade, how to set up a trading account and how to make informed decisions.
RBCForex.ru is a forex trading platform owned by the Russian broker RBC Capital Markets. With RBCForex.ru, customers can trade Forex, metals, indices and commodities, all powered by user-friendly technologies focused on speed, trade execution and stability. Through the leading trading platform, traders can also access the latest news, charting data and market analysis, making it a comprehensive solution for traders of any experience level.
The platform also provides trading education and tools for new traders, such as the BNB beginner’s guide and the Investment Playground. Additionally, traders can access innovative instrument offerings such as spread betting, CFDs, non-discretionary trading and algorithmic trading. For more experienced traders, the platform also offers advanced analysis and real-time market data.
Trading Platforms and Products
RBCForex.ru’s unique proprietary platform is one of the key features of its service. The platform gives traders access to a wide range of sophisticated tools, including a feature-rich charting package and real-time streaming prices for a range of asset classes. Traders can also tailor the platform to their own needs by using the backtesting and trailing stop features.
In addition to its proprietary platform, RBCForex.ru also offers MetaTrader 4, a popular trading platform widely used by traders all over the world. In addition to this, RBCForex.ru also offers the ‘VFX System’, a comprehensive suite of trading tools for advanced traders.
To complement the trading platforms, RBCForex.ru also offers trading education services and market analysis tools, allowing traders to stay abreast of the latest news and developments in the Forex market.
Risk Management Tools
Given the inherent risks of forex trading, RBCForex.ru provides a range of sophisticated risk management tools to help traders contain losses and ensure that their trading strategies are successful in the long run.
Some of the risk management tools available on the platform include account protection, margin call protection, guaranteed stop loss, negative balance protection, and portfolio analysis tools. These tools help traders manage their risk exposure and ensure that they do not take on too much risk, thereby minimizing losses.
RBCForex.ru also provides additional tools such as their Real Time Alerts service, which sends real-time alerts to traders when market conditions change. This allows traders to stay informed of any major news or events that may affect their trading strategy.
RBCForex.ru is a user-friendly and reliable online Forex trading platform, offering traders of all levels a comprehensive solution for their trading needs. The platform provides traders with powerful trading tools and sophisticated risk management tools to help traders protect their investments in the markets.
Is the RBC Forex Legit?
RBC Forex is a low-trust investment/earning website that we advise avoiding at all costs. The website claims to offer an attractive income saving program, but the fine print indicates that this is a risky scheme that should be avoided. Whilst the façade of the website may seem attractive, hidden pitfalls and suspicious activities are in operation. It’s not clear who is behind the scheme and they claim to be based in Malta, a tiny island with a history in financial exploitation.
What is RBC Forex Promising?
RBC Forex promises generous returns of up to 125%, appealing especially to inexperienced investors who want to make a quick return with little effort. Unlike many legitimate forex trading platforms, they also don’t provide any level of transparency, making it difficult for investors to track their investments. This is a cause for further alarm, as RBC Forex is not regulated and if something goes wrong, investors are unlikely to be able to secure their money back.
What Should Investors Be Aware of?
Investors should be warned to avoid investing in RBC Forex. Their website is slickly designed and promises the potential for big financial returns, but this only adds to the level of risk. Additionally, the website is likely to harvest your personal data, as well as potentially your money or other confidential information.
By using a ‘broker’ to facilitate trades, those behind the scheme are able to immediately benefit from your investment, regardless of whether you’re getting a favorable return. Additionally, they are likely to share your personal data with multiple third parties with no way of knowing who these parties are. Furthermore, since the website is not registered with any major financial institution, it is difficult to be certain of the security of the platform.
In conclusion, it is not worth the risk to invest in RBC Forex. The website may seem attractive, but there are numerous pitfalls and risks associated with investing. With no clear regulatory body or level of transparency present, consumer protection is also at an all-time low. With the potential of losing your money or personal data, it’s important to thoroughly research any investment opportunity before taking the plunge.