Fraud Definition
Fraudsters are always arrogant and seek to infiltrate honest companies, distorting reality. The intentions of scammers become evident when the first reviews appear. RWGroup may be another financial scammer. Before drawing conclusions, it is necessary to analyze the documentation provided by the company and share the facts.
RWGroup Description
RWGroup claims to have been operating since 2019, offering development plans and statistics:
- 36,900 active accounts,
- 283,400 orders per day,
- 234+ trading instruments,
- $243 million daily trading volume.
It is important to note that all these figures are highly questionable as the origin of this information is unknown.
The domain name RWGroup was previously listed for sale for $3,000 before scammers saw an opportunity to create a company image. The company’s contact details are unavailable, raising suspicions among potential clients.
Reviews show that contacting RWGroup is almost impossible as the address and contact information provided are fake.
Legal Activity
There are no scans of legal documents on the RWGroup website, but the company claims to operate within the law. However, verification shows that information about licenses in Cyprus, Belize, and Mauritius is not confirmed by official sources.
The account opening terms at RWGroup are unsatisfactory, and scammers do not disclose their payout and commission policies. Reviews about the company are currently mixed but caution against doing business with them.
Scam and Deception
RWGroup offers investors various tariff plans, but reviews indicate the insolvency of the promises. After registration, scammers manage to access clients’ personal information and fail to pay the promised amounts.
The Central Bank of Russia does not provide assistance in recovering funds as RWGroup is not a legitimate organization. Be vigilant and do not lose your savings in vain!
