The deceitful practices of Reltex Group involve coercing clients into making continuous deposits and then blaming them for losses when they refuse to invest further. The platform resets deposits, leaving clients empty-handed and burdened with loans. Scammers at reltexg.com provide misleading advice and drain accounts, preventing clients from withdrawing their funds.
Reltex Group General Details
| Website | https://reltexg.com/ |
| Phone Number | +12509002740 |
| support@reltexg.com | |
| Address | — |
| License | — |
| Minimum Deposit | — |
| Assets | CFDs |
| Leverage | Up to 1:400 |
| Trading Platform | Unknown |
Account Types Analysis
When it comes to account types, Reltex Group falls short on creativity, offering only three options: Silver, Gold, and Platinum. Surprisingly, the minimum deposits required for these accounts are not clearly stated, leaving potential clients in the dark. Furthermore, there is no mention of a demo account in the client portal, limiting traders’ ability to test the platform risk-free.
The broker’s trading conditions are inadequately described, with leverage levels increasing as account tiers progress, reaching up to 1:200, 1:300, or 1:400. These high leverage ratios raise concerns about the broker’s legitimacy, especially without proper regulation. While all account types feature advanced charts, only Gold and Platinum accounts benefit from swap discounts and access to webinars. Overall, the descriptions of Reltex Group’s account offerings are lacking in detail and variety.
In summary, Reltex Group’s account types review reveals a lack of transparency and depth in their offerings, potentially limiting traders’ choices and understanding of the available options.
Legal Information and License
Reltex Group’s lack of legal information and licensing details raises red flags about its legitimacy. Despite claiming to be a well-known broker, the absence of registration location, licensing information, and incorporation date is concerning. Reviews about the company are scarce and mostly negative, casting doubt on its reputation. The Canadian phone number listed by Reltex Group adds to the mystery, as a search in the Canadian registry yielded no results, suggesting the company may be unregistered anywhere. Operating without proper licenses makes Reltex Group an illegitimate broker, posing risks to potential clients.
Reltexg.com Domain Info
Examining Reltex Group’s domain registration date reveals a short operational history, registered on October 17, 2023. While brokers often tout their success and global reach, a brief existence like Reltex Group’s raises suspicions about its credibility and trustworthiness. Traders should approach with caution due to the limited track record of the broker.
Is Reltex Group Legit?
Reltex Group operates as an unregulated forex broker, lacking oversight from any regulating agency. This raises significant concerns about the safety of your investments. Additionally, their association with websites offering “Automated trading software” is often linked to fraudulent activities.
AMF Warning: Reltex group is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
CSA Warning:Canadian Securities Administrator also published an announcement that Reltex Group is Unregulated Broker.
Red Flags
- Unlicensed and Unauthorized broker
- High fees
- Unreal promise of high profits
- No transparency
- Warned by AMF and CSA
How does the scam work?
Unregulated brokers like Reltex Group typically entice individuals to deposit funds with promises of high returns or special offers. Once you make a deposit, they may engage “retention agents” to pressure you into investing more. Be cautious of positive reviews online, as they may be manipulated to enhance the broker’s reputation.
Withdrawing funds
If you’ve deposited funds with Reltex Group, it’s crucial to request a withdrawal promptly. Unregulated brokers often delay withdrawals, making it difficult for clients to retrieve their funds. Be wary of signing agreements that give brokers control over your account, as this can lead to complete loss of funds.
How to get your money back from Reltex Group?
If Reltex Group refuses to return your funds, consider initiating a chargeback through your bank or credit card provider. Retain all communication with the broker as evidence. For wire transfers, escalating the issue to regulatory authorities and filing complaints may help in recovering your funds.
Remember, caution is key when dealing with unregulated brokers like Reltex Group. Stay informed and take proactive steps to protect your investments.
Conclusion:
Avoid Reltex Group (reltexg.com) at all costs. This untrustworthy platform is not a legitimate broker but a perilous scam operation. Engaging with Reltex Group will only result in financial loss, with promises of profit turning out to be empty. Stay vigilant and protect your investments from scams like Reltex Group.
