ANSWER RedRock500 (trading under https://redrock500.com/) is an unauthorized broker and should be avoided at all events. RedRock500 claims to be a Cyprus-based company while providing zero details about the trading license on its website, which is already a red flag for potential traders. Besides, it is not supervised by the authorization of the Cyprus Securities and Exchange Commission (CySEC) since we didn't find any information of its regulation from CySEC's registry. So RedRock500 is not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker. We would recommend traders stay away from unregulated brokers like RedRock500 and trade with licensed brokers.
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