Robertson RX – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Robertson RX - DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2023
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://robertsonrx.com
Founded: 2023
Regulations: Unregulated
Languages: English
Deposit Methods: Unspecified
Minimum Deposit: £5,000
Free Demo Account: Not Provided
Number of Assets: Not Mentioned
Types of Assets: Forex, Cryptocurrencies, Commodities, Stocks, CFDs, Indices
Trading Accounts and Conditions
Robertson RX does not really mention much about the types of trading accounts they have. This broker has not clearly mentioned what their trading conditions are either.
We know that this broker asks for £5,000 as an initial deposit. They claim of offer forex, stocks, commodities, cryptocurrencies, gold, indices for trading, however, there is no way to confirm this claim. We also have no information on other trading conditions such as spreads, leverage ratios, order execution methods and so on.
Robertson RX – Advantages
There are no advantages to trading with Robertson RX. This broker is a scammer.
Robertson RX – Disadvantages
Given below are all the signs that Robertson RX is a scammer:
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Lack of Regulation
The first sign of a broker’s scam is their lack of regulation. And Robertson RX fits the bill of a scammer perfectly.
This broker claims to be based in Singapore. However, the broker does not give us any information about their regulation status, and neither do they provide us with their company details.
Singapore is one of the top financial centers of the world, with stringent regulations in place for forex brokers. To operate in this country, a broker needs to be registered with and regulated by the Monetary Authority of Singapore (MAS) and follow extremely strict regulations at all times.
We checked the MAS’s online register to see if this broker’s claims of operating out of Singapore were true. We found out that Robertson RX is not listed with the Singaporean financial regulator.
This means that this broker is operating illegally in Singapore. Or worse, they could be operating in another region and not be located in Singapore at all! All of this tells us that this broker is a scammer.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Blacklisted by FCA
While checking on Robertson RX’s regulation status, we found a public notice issued with the Financial Conduct Authority of the UK, warning traders to stay away from this broker. The public notice stated that Robertson RX is an unregulated broker operating without authorization.
To have one of the top financial regulators in the world warn against Robertson RX broker is enough evidence that they are running a scam.
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Issues with Trading Platform
On their website, Robertson RX claims to have a web-based trading software that offers their clients a seamless and user-friendly interface. The broker also claims that this software is loaded with tools, technical indicators, customizable functions and so on.
There was no way for us to verify these claims since we were unable to access their trading software. It seems that only existing customers can access their accounts and trading software. The only way to open a new account is if this broker invites you to.
The fact that only the broker can allow you access to a trading account is a huge red flag. Legitimate brokers ensure that the registering for an account and accessing their trading platform is easy. Scammer such as Robertson RX, on the other hand, cherry pick their customers to ensure that their scam remains hidden for as long as possible.
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Issues with Trading Conditions
It is not only Robertson RX’s trading platform that we have issues with. We also find their trading conditions to be indicative of their scam. Here are the reasons why.
First, the minimum deposit. A £5,000 deposit is beyond ridiculous! The industry average varies from $100 to $250 and there are so many well-reputed brokers that allow for account openings at even lower prices, such as just $10!
Next, the complete lack of information on trading conditions; we do not know the spreads, commissions, leverages, order execution methods and so on. Without this information, it is very difficult for a trader to decide whether it would be profitable to trade with a broker or not. This information tells us the cost of a trade (how expensive it would be to carry out a trade using a broker’s services). It also tells us how high or low the risk levels are. Leverages, which indicate the amount of risk a trader can take, have been limited for individual traders in most strongly regulated jurisdictions. So, the amount of leverage a broker offers can be a clear indication of whether a broker is legitimate or not! Scam brokers usually offer extremely high leverage ratios, which are illegal in most regulated markets.
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Issues with Payments
Robertson RX’s trading conditions and trading platform are not the only concern. The complete lack of transparency permeates every aspect of this broker’s website. Even information on something as basic and critical as payments is missing.
While this broker gives us generic information on the types of payment methods there are, they do not specify the types of payment methods they offer. We could not find out how to make deposits with this broker.
There was also no information on how to make withdrawals. We do not know if there are any conditions for withdrawals in place. We do, however, need to warn traders that scammers such as Robertson RX usually have rather unfair withdrawal conditions – they kinds that are designed to keep you from being able to withdraw your funds. These conditions include being expected to reach almost impossible to achieve trading volumes, as well as some ridiculously high withdrawal fees. There will also be some kind of a proviso in their terms and conditions which state that the broker reserves the right to change their withdrawal conditions at any time and without notice to their clients.
Conclusion
Robertson RX is a scammer and trusting them with your money would be a very bad idea.
Robertson RX
Pros
- MT4 and MT5 Platforms Available
Cons
- Lack of Regulation
- Blacklisted by FCA
- Issues with Trading Platform
- Issues with Trading Conditions
- Issues with Payments
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
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Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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