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RMDTRADER

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Operating status: SCAM

Website: https://rmdtrader.com/

Broker violations and abnormal records
  • 2023-09-05 BrokersView has Reviewed that RMDTRADER is an Unregulated Broker

    According to its website, RMDTRADER claims to be supervised by The Financial Services Commision Mauritius (FSC). However, after verification, its website address is not marked on FSC, so it cannot be verified. And the registered address provided by the broker, if you search for it online,  seems to be shared with different companies, which leaves a question mark about the company's authenticity.

    The truth is that RMDTRADER is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. 

    Therefore, RMDTRADER is a scam.

    According to its website, RMDTRADER claims to be supervised by The Financial Services Commision Mauritius (FSC). However, after verification, its website address is not marked on FSC, so it cannot be verified. And the registered address provided by the broker, if you search for it online,  seems to be shared with different companies, which leaves a question mark about the company's authenticity.The truth is that RMDTRADER is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, RMDTRADER is a scam.

Related Complaints

Q&A

How long does RMDTRADER take to open an account?

Dora Waiganjo
Vietnam
2023-10-12
ANSWER RMDTRADER poses substantial risks to investors, and we strongly advise avoiding this trading platform as it appears to be a scam.RMDTRADER claims to be licensed by the Mauritius Financial Services Commission (Mauritius FSC). While a certificate under the name "RMDTRADER" can be found on the Mauritius FSC website, the information it provides is of limited value.Firstly, the license does not specify the licensee's website address. Therefore, it is unclear if the website ("https://rmdtrader.com/") is associated with the certificate.Secondly, this license is obtained with the assistance of a Management Company (MC). The physical address indicated on the certificate is the actual address of this MC, which acts as an intermediary and offers its address for clients to use as their registered address. We've also discovered that the phone number provided on the RMDTRADER's official website is linked to the MC agency. This means that RMDTRADER's official website conceals crucial information about its true operator, such as the real physical address and phone number.Thirdly, the management of RMDTRADER's social media accounts appears to be lacking, potentially limiting effective customer service. This, in turn, reduces the available avenues for communication with the platform. RMDTRADER's customers are left with email or the web form as their primary options, which further exacerbates the risks, as these contact methods might become unavailable if the company ceases operations or disappears.Consequently, there are two potential scenarios: 1) RMDTRADER legitimately acquired its FSC certificate with the help of an MC; 2) RMDTRADER may be exploiting an unverifiable certificate from Mauritius FSC and falsely claiming ownership. This situation introduces significant risks, as it remains unclear whether the certificate genuinely belongs to RMDTRADER.In conclusion, RMDTRADER presents substantial risks to potential investors, and we strongly recommend avoiding this trading platform due to strong indications of fraudulent activity. To mitigate such risks, investors are advised to choose a fully regulated broker instead.
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