Radovo is a forex broker that claims to offer a variety of trading services, including CFDs, forex, and cryptocurrencies. However, there is a lot of evidence to suggest that Radovo is a scam.
Company Overview
Radovo is a relatively new broker, having been founded in 2022. The company claims to be headquartered in St. Vincent and the Grenadines, but there is no evidence to support this claim. Radovo’s website does not provide any contact information, and its regulatory status is unclear.
Does Radovo Have Any License?
No, Radovo does not have any licenses from any reputable financial regulator. This is a major red flag, as it means that Radovo is not subject to any oversight or regulation.
Is Radovo Regulated By Any Authority?
No, Radovo is not regulated by any authority. This means that there is no government agency that is overseeing the company’s activities or protecting its customers.
Pros and Cons
Pros:
- Radovo offers a variety of trading instruments, including CFDs, forex, and cryptocurrencies.
- They claims to offer spreads as low as 0.0 pips.
- They offers leverage up to 1:500.
Cons:
- Radovo is not regulated by any reputable financial regulator.
- This website is full of grammatical errors and typos.
- There are no customer reviews of Radovo online.
How Does Radovo Reach To Their Prey?
This company targets its victims through a variety of means, including:
- Online ads: Radovo often places ads on websites and social media platforms that target people who are interested in trading.
- Cold calls: Radovo employees will often cold call people and try to convince them to open an account with the company.
- Forex trading seminars: Radovo will sometimes hold forex trading seminars where they will teach people about the benefits of trading with the company.
Technical Details
Minimum Deposit:
The minimum deposit requirement for Radovo is $250.
Trading Platform:
Radovo offers a proprietary trading platform that is not very user-friendly.
Spread:
The spreads offered by Radovo are not competitive.
Leverage:
They offers leverage up to 1:500, which is very high and can be risky for traders.
Packages and Products They Offer
this company offers a variety of trading packages, each with its own set of features and benefits. The most basic package is the Starter Package, which offers a $250 minimum deposit and leverage of up to 1:500. The most expensive package is the VIP Package, which offers a $10,000 minimum deposit and leverage of up to 1:1000.
Withdrawal and Deposit Method
This website offers a variety of deposit and withdrawal methods, including credit cards, debit cards, wire transfers, and cryptocurrencies. However, there have been reports of delays and problems with withdrawals from Radovo.
What Do Their Previous Traders Say?
There are no customer reviews of Radovo online. This is a major red flag, as it suggests that the company is not trustworthy.
Summing Up- Why Should Not You Trust Radovo
There are many reasons why you should not trust Radovo. Here are a few of the most important ones:
- Radovo is not regulated by any reputable financial regulator.
- Radovo’s website is full of grammatical errors and typos.
- There are no customer reviews of Radovo online.
- They offer high leverage, which can be risky for traders.
- There have been reports of delays and problems with withdrawals from Radovo.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with this company, you may be able to recover your funds with the help of a financial recovery service. These services specialize in helping people who have been scammed by forex brokers.
Also, we can help you by providing free consultation and service recommendations to help you recover the lost funds.
File A Complaint Against Scam Broker's
Final Thoughts
Radovo is a scam broker that should be avoided. If you are considering trading with Radovo, we urge you to reconsider. There are many legitimate forex brokers out there that you can trade with instead.
If you have any questions or concerns about Radovo, please feel free to contact us. We are happy to help in any way that we can.
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