RWMarkets: real customer reviews about the company’s work in 2023

RWMarkets offers its clients the opportunity to become millionaires, claiming that everyone can earn on their platform, regardless of their level of experience. However, user reviews indicate that RWMarkets may be another pseudo-broker created by scammers. We have analyzed this information and prepared a comprehensive review for you.

What is known about RWMarkets?

RWMarkets, according to their statement, is a regulated British broker providing services since 2015. However, it is important to verify all data provided by the company. For example, information about the domain rwmarkets.com confirms its activity since 2015. However, the appearance of data in the web archive only from 2023 raises questions. It is also worth noting the presence of another site, EDCMarket.com, which is a clone of RWMarkets, indicating dishonest intentions of the creators.

Legality of operations

The managing company of the brand is Novus Wealth Management Ltd, registered in the UK. However, it is worth noting that this company specializes in the activities of holding companies in the field of financial services, not in providing brokerage services. Data on registration in Companies House confirms its existence, but it does not guarantee the legitimacy of brokerage activities.

Trading conditions

RWMarkets promises wide access to trading with over 150 instruments, including currency pairs, cryptocurrencies, commodities, stocks, and indices. Users note that the platform is more likely focused on attracting capital rather than real trading.

Reviews about RWMarkets

RWMarkets, like its clone, has a bad reputation among traders. Since the beginning of its operations, the company has been trying to convince clients to invest large sums and then refuses to pay profits. Users warn other traders against collaborating with this platform.

Fraudulent scheme

RWMarkets offers its clients to install remote access software, which, according to their claims, is intended for training and consultations. However, in reality, this is just a trick to gain access to the user’s personal account and funds. Scammers try to deceive clients and zero their accounts after significant deposits.