WikiFX Scam Alert: CNMV Warns Against RevolutExpert!!!

Investors who are still trading forex at RevolutExpert had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

To start with the basic facts, on our next screenshot you may check the recent warning issued on October 3rd against Revolut Expert by CNMV – the Spanish financial regulator. Take a look:

It states the company has been offering its services without authorization from the Spanish regulatory body CNMV. The Spanish regulator warned investors that this broker is most probably running a dangerous scam scheme. Take such warnings seriously – financial authorities usually have very specific reasons for blacklisting brokers.

WikiFX also paid a visit to the brokers official website to learn more. RevolutExpert is an offshore broker based in St. Vincent and the Grenadines – a favorite location for scam brokers. The local financial regulator, SVGFSA, has warned investors on multiple occasions that it does not regulate forex brokers and does not impose any sort of laws in the sphere of forex trading (this regulator only monitors the banking sector). For this reason, brokers registered in the country are far from the most reliable choice – since they do not have to meet any sort of requirements or answer to anybody.

Furthermore, RevolutExpert says to be offering the industry standard MetaTrader platform without elaborating whether it is a MetaTrader4 or MetaTrader5.

In reality however, what WikiFX was actually presented with, after completing registration, was an overly simplified web based platform, which you may check on the screenshot below.

Another problem is that this broker offers bonuses with some very devious clauses attached to them. If you have received a bonus and wish to withdraw any funds from your account, you have to reach certain trading volume requirements – 25 times your deposit plus the bonus. Before that, you would not be able to withdraw anything from your account – including your profits and deposits.

Only a scammer would ask you to reach a certain turnover before you could withdraw your own money – some legitimate brokers also have turnover thresholds but those only prevent you from withdrawing the bonus itself. You would have no problem getting access to your own deposits and profits. But scammers like RevolutExpert are sneaky – they will keep raising those turnover requirements to prevent you from withdrawing your funds too soon. In the meantime, they will make sure to run off with your deposits.

Now let's search “RevolutExpert” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, RevolutExpert currently has no valid regulatory license and the score is rather negative - only 1.18/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in RevolutExpert. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing.

You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!