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RCS

Cyprus|5-10 years|
Suspicious Scope of Business|High potential risk|

http://www.rcapitalsolutions.com/

Website

Rating Index

Contact

+357 25262020
info@rcapitalsolutions.com
http://www.rcapitalsolutions.com/

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 246/14) claimed by this broker is suspected to be clone. Please be aware of the risk!

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RCS · WikiFX Survey

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RCS · 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

Broker Information

Company Name

R Capital Solutions Ltd

Abbreviation

RCS

Regulatory Status

Suspicious Clone

Platform registered country and region

Cyprus

Company website
Type of License

Description of Approved License Type

Type I

The financial instrument business deals with highly liquid securities and provides derivative transactions, which have characteristics.

As mentioned above, the main business content of the first type of financial instrument business operators can be roughly summarized as securities business (securities, securities CFD, etc.), financial futures business (FX), derivative trading business related to cryptocurrencies, securities management, etc. The work can be divided into four categories.

Type II

The financial instrument business basically refers to funds (shares of collective investment plans), trust beneficiary rights with lower liquidity, that is, financial instrument transactions excluding major securities such as stocks and corporate bonds. These are referred to as "equivalent securities" in the various items listed in the second paragraph of Article 2 of this Sale Business Law (hereinafter referred to as "equivalent securities").

In addition, the self-issuance (private placement and public offering) of certain securities such as investment trust beneficiary rights that are not regarded as securities, currency-related market derivative transactions, etc. are also positioned as Type II financial instrument business.

Phone of the company
  • +357 25262020

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Customer Service Email Address
  • info@rcapitalsolutions.com

Company Summary

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