Riselink Forex broker is another forex broker that plays fast and loose as regards to the information it provides. In the review below, we take an in-depth look at the features riselink-forex.com allegedly offers. This review basically answer the questions: is Riselink Forex legit? Is Riselink Forex reliable? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about Riselink Forex.
Table of Contents
Riselink Forex Trading Platform
On visting this broker’s website, from the design and layout we were almost intrigued and convinced that this broker was the real deal. But after looking out the design we began to see what the design and contradictory words were trying to hide.
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This broker claims to provide the Metatrader 4 but the download links on its website leads to another. It leads to a distribution of Metatrader 4 owned by Square link.
This broker claims to offer a insanely high leverage of 1:2000 leverage.
Riselink Forex Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea how a broker might work.
After checking, we discovered that this broker has four account types.
RiselinkForex Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
We had a hard time determining what payment option they use because of their contradictory statements but at the end we determined that they use these methods.
Visa and Mastercard, Perfect money and Bitcoin.
We do not advise you to send any funds to them as transactions with bitcoin are hard if not impossible to trace or reverse
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.
Is Riselink Forex Licensed?
Licensing is another important part because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates said brokerage.
This broker cannot seem to make up its mind on the location it is in. At first it claims to be based in Hong Kong. Then in the ABOUT COMPANY page it claims to based in Singapore and have offices in London. Before we were done going through their presentation we found that they have a PO box address in the Samoan island of Apia.
In checking the license status of this broker, we had to check several regulatory bodies. We checked the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others. At the end of our search, we didn’t find any licensing information concerning this broker.
To Know if a body licensed a broker. Traders should check regulatory bodies such as the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others.
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Conclusion
In fact checking this broker, we found that many of its claims were false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts to do so we lead to loss of your funds.