Review of the key facts about Ren Capital Global organization
Earning from trading provides ample opportunities, but comes with high risks of fund loss. The main factor affecting investment security is the right choice of a broker, as we highlighted earlier. In this review, we will look at Ren Capital Global. The organizers position Ren Capital Global as an international organization and declare it a leader in the industry. However, there are no reviews of the company on the website rencapitalglobal.com. Let’s delve into this further.
First of all, let’s notice the resemblance of Ren Capital Global to the project Swipe Capital, which has negative reviews on the Internet related to financial fraud. Perhaps the authors of both companies are the same. The website of Ren Capital Global states that the organization is managed by Wave Global Group Ltd from the UK, but in reality, this company does not have a brokerage license and is engaged in other services. It is important to note that Ren Capital Global is a fake broker operating illegally.
Ren Capital Global does not have a license from the UK financial regulator and operates without the necessary permission. Despite offering services to traders from Russia and the CIS, the company has no representation in Russia. The phone number listed on the company’s website does not answer, which is a typical practice of scammers.
Account registration process at Ren Capital Global platform
The registration process on Ren Capital Global’s website is standard and straightforward. There is no requirement to familiarize oneself with legal information before registering, leaving the client without full clarity on the interaction rules with the company.
- During registration on Ren Capital Global’s website, it is necessary to specify: surname, name, email, phone number, promo code, and choose a language from the list provided.
Ren Capital Global’s user agreement contains several risky provisions indicating possible fraudulent activities: price manipulations, swaps, the possibility of terminating cooperation at any time, forced bonuses, and restrictions on money withdrawals.
Review of trading conditions at Ren Capital Global
The trading conditions at Ren Capital Global raise many questions. The initial deposit amount and spread sizes are unknown, but the leverage promises up to 1:300, which violates UK rules. The organization’s account types – BASIC, GOLD, PLATINUM – offer conditions depending on the trader’s level.
There are almost no reviews of Ren Capital Global on the Internet, except for fake reviews on the company’s official website. The fraudulent scheme of Ren Capital Global is based on luring clients into a trap and refusing to pay out profits when attempting to withdraw.
Conclusion of the Ren Capital Global review
Ren Capital Global is a fake intermediary without a license and engaged in fraudulent activities. The company has no real reviews and does not provide full information about its operations. Be vigilant and avoid cooperation with such organizations.
If you have experience working with Ren Capital Global, share it by leaving a review below. Warn other traders about the fraudulent practices of this broker.
