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RCG Markets

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4.0
(5 Reviews)

Founded: 2021 Min Deposit: 50 ZAR

Headquarters: South Africa Max Lev: 1 : 2000

Risk Level I

RCG Markets claims its regulation by FSCA, but no details in FSCA can prove that.

Score
Business Scope
0.0
Trading Cost
3.8
Trading Platforms
4.2
Support
4.0
Licence Status
FSCA 49769
Authorised
Contact
+27 10 055 3158
support@rcgmarkets.com
https://www.rcgmarkets.com/
Account & Cost Deposit & Withdrawal Company & Service Broker News Related Complaints Reviews

Deposit and Withdrawal

4.0

Score

No Data
No Data

Company and Service

--

Score

Profile
Headquarters Address
Unit 25, Block C, Eagle Canyon Office Park, Randburg, Gauteng, South Africa
Founded 2021
Broker Type
STP,  ECN
Credit Profile No information
Trading Platforms
Contact
No Data
Others
Website Language
English
Customer Service By
Phone,  Email,  Live Chat,  Web Form,  Facebook,  Instagram,  WhatsApp
Supported Language
English

Broker News

Identifying Red Flags: Is RCG Markets a Scam? 2024-05-09
Things you may want to know about RCG Markets when choosing it as your partner.
RCG Markets: Is It Safe and Reliable to Deal with This Broker? 2023-08-23
There is uncertainty about the regulatory status of RCG Markets, and users have reported problems with use experience.
Q&A Weekly Review - What's Asked This Week? 2023-07-07
BrokersView provides "Q&A Weekly Review" from Jul 3-7, 2023 to keep traders informed about the latest regulatory status and trading details of brokers mentioned by our users.

Related Complaints

Q&A

founder

Lungelo Khoza
South Africa
2024-03-27
ANSWER I'm sorry, but I couldn't find specific information on the founder of RCG Markets. However, I found that RCG MARKETS is a South African broker that was established in 2018, regulated by the South Africa Financial Sector Conduct Authority (FSCA: FSP49769). Additionally, there's a company named FBK Markets that claims to be a "juristic representative" of RCG Markets. They also claim to be a broker, sharing the license with RCG Markets. However, it's important to note that a license cannot be shared. Both of these brands have been accused of potential involvement in fraudulent schemes. We've published a detailed article on our platform about them. Please refer to it for more details through the following link: RCG Markets: Is It Safe and Reliable to Deal with This Broker?
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What products can I trade with RCG Markets?

Button
Diekirch
2023-07-06
ANSWER Regarding your question, we found relevant information on the pull-down menu of "Global Markets". We would recommend contacting their customer service to achieve the most accurate and current answer. For more details about this broker, please refer to our full review of RCG Markets.BrokersView reminds youWhile it is true that we has located a company named RCG MARKETS (PTY) LTD on the Financial Sector Conduct Authority (FSCA) register, it is crucial to note that the south African financial regulator doesn't provide authentication details and domains for investors to verify, giving some shady brokers an opportunity to pose as a regulated platform by exploiting the registered company's information. As such, there is no guarantee that the FSCA-authorized firm is the one that operates RCG Markets on website rcgmarkets.com. Investors must beware of the risks involved and proceed with extreme caution when dealing with RCG Markets.
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Overall Score

4.0
5 Reviews

Cost 3.8

Platforms 4.2

Deposit & Withdrawal 4.0

Customer Support 4.0

Indicates the average level of Brokers

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5 Reviews

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Hortensia
Andorra
So far so good i havent had any issues with this broker,their services are top notch
2022-07-19
1
Reply
andile kevin
1-3 years RCG RAW Account South Africa
RCG MARKETS IT HAS BEEN GOOD TO ME I NEVER HAD ANY ISSUES WHEN IT COMES TO EXECUTION WITHDRAWALS EVERYTHING IS SMOOTH SO FAR IS THE BEST BROKER
2024-03-20
Reply
Ana Carolina Bogdanov
Not used yet Antarctica
It seems that it's a new broker. Don't want to trade with the new broker.
2023-08-24
Reply
Jermyn
South Africa
we trusted RCG market but now is doing bullshit ... i have been asking them for my CPI withdrawals .... and they are not responding .
2023-05-25
Reply
Herbert
Botswana
I've never seen a broker with the worst trading experience like RCG Markets. Execution is never accurate. which contributes to losses and there is a hidden commission when closing profitable trades you get less balance than you bargained for.
2023-03-22
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.