Score

1.50 /10
Danger

RCM

New Zealand

Scam Brokers

5-10 years

Regulated in New Zealand

Suspicious Regulatory License

MT4/5 White Label

Regional Brokers

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

Influence

E

Better than 10% brokers
Open Account
Website

Score

License Index0.00

Business Index6.91

Risk Management Index0.00

Software Index4.00

Regulatory Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Influence

E

Better than 10% brokers
Website
Open Account

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open for free

Contact number

Chinese (Simplified)

4001068809

Broker Information

More

Company Name

Renaissance Capital Markets Ltd

Company Abbreviation

RCM

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 6
Previous Detection : 2022-10-04
  • This broker bas been verified to be illegal and all of its licences have been expired, and it has been listed in WikiFX's Scam Brokers list; please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to withdraw

The money was withdrawn from RCMa month ago but has not arrived yet

The money was withdrawn from Zhonghao International a month ago but has not arrived yet. They said first that the payment channel was maintained, and later said that they would remit US dollars because of foreign exchange control, but I needed to wait in line for the money.

2018-12-14 18:09
Scam

RCM’s analyst gave reverse order recommendations, causing me to lose 67248

Reasons for the incident and complaints: On May 10, 2018, at 14:35 pm, I received a verification message on WeChat from Zhang Ningxuan (WeChat account: shibaigetaiyang) who want to add my account as a friend. After I accepted his invitation, the person began to ask me where I came from and my job. At the beginning, we just talked about something unimportant. Later, I saw her posting photos of gold profits in friends circle. I asked her what it was. Then she introduced me gold futures and boasted how much she could earn in a month. I didn’t care about it at first, then she often intentionally or unintentionally boasted about how much dollars she earned today when we chatted. She often sent some fake profits pictures and asked if I wanted to do invest in. She could introduce me an analyst. On May 17, I opened a real account on RCM(RCM) under her lure (transaction account 100150). Server: RCMarkets-Real), I deposited in 360 dollars, and later she said that the amount of the deposit is too small, so the platform could not assign a analyst to me. She said that if there was no analyst, profits could not be guaranteed and I must lose more and gain less. Later, under her temptation, I successively invested $1,5543.7, and then she assigned me an analyst (WeChat account yumo100323) and gave me the analyst's WeChat. After that, the analyst gave me order advice. I withdrew money as long as I gained. When I lost money, I was asked to trade in an opposite way and locked the position. Sometimes, after he gave me order advice, he did not tell me more, and did not teach me to take a stop loss. I held heavy position.

2018-10-17 03:06
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