Score
RCS
Cyprus|5-10 years| http://www.rcapitalsolutions.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Eightcap EU Ltd
License No.：246/14
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Cyprus
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
rcapitalsolutions.com
Server Location
Ireland
Website Domain Name
rcapitalsolutions.com
Server IP
54.194.2.108
Company Summary
General Information & Regulation
R Capitals Solutions Ltd (“RCS”, for short) is a Cyprus registered online Forex and CFD broker operating under the name of Tradeberry.com, which is currently regulated by CySEC in Cyprus and holds its authorized STP license, with regulatory license number: 246/14.
Markets Instruments
With RCS, investors can trade over 150 trading instruments, including Forex currency pairs, commodities, stocks, and indices.
Minimum Deposit
RCS offers only one standard account type for investors, with a minimum initial deposit requirement of $500 and a minimum trade size of 0.01 lots. The amount set for opening an RCS account is relatively high compared to the industry as a whole, with most brokers setting the amount between $100 and $200.
RCS Leverage
RCS, as a Cyprus -regulated firm, offers different trading leverage depending on retail and professional traders. For retail traders, the maximum leverage up to 1:30 for forex trading, 1:20 for commodities, 1:20 for indices, and 1:5 for stocks. Professional clients can apply the maximum leverage of up to 1:400 for forex instruments.
RCS Spreads & Commissions
RCS offers a fixed spread of 1.6 pips on the EURUSD, which is slightly higher than the industry standard. Most brokers offer spreads between 1.0 and 1.5 pips on the EURUSD, and higher spreads mean higher transaction costs.
RCS Trading Platforms
The trading platform offered by RCS is an online trading platform, not the popular MT4/MT5 trading platform instead. RCS claims it is a platform created in cooperation with TOOMIT, with execution times in milliseconds, no dealing desk intervention, and fast trading options.
Deposit & Withdrawal
RCS does not accept third-party or anonymous deposits to trading accounts. There are two types of deposit methods: credit/debit cards and payment service providers. The base currencies for RCS trading accounts are EUR, USD, and RON, with a minimum deposit of 250 GBP/EUR/USD/1000 RON.
RCS Customer Support
Traders can reach the RCS customer support team through telephone, and email or directly visiting RCS office in Limassol, Cyprus. Live chat support is not offered, though it is might be the quickest way to get responded.
RCS Cons
Some RCS Drawbacks include:
1. High initial minimum deposit requirements
2. Conservative leverage
3. One account option Only
4. Not offering an MT4 trading platform
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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