Beware of falling victim to the fraudulent tactics of Reltex Group, operating under the domain reltexg.com. This review delves into how this scam broker manipulates clients into financial losses through deceitful schemes.
Reltex Group employs deceptive strategies to lure clients into a web of deceit. By pressuring clients to make continuous deposits and then shifting blame onto them for any incurred losses, the platform leaves individuals empty-handed and burdened with financial liabilities. The scammers at reltexg.com provide misleading advice, drain accounts, and hinder clients from withdrawing their funds, perpetuating their fraudulent activities.
Detailed Overview of Reltex Group:
Website: https://reltexg.com/
Phone Number: +12509002740
Email: support@reltexg.com
Address: Not disclosed
License: Not specified
Minimum Deposit: Not defined
Assets: CFDs
Leverage: Up to 1:400
Trading Platform: Unknown
Analysis of Account Types:
Reltex Group’s account offerings lack transparency and variety, with only three options available: Silver, Gold, and Platinum. The absence of clear minimum deposit requirements and the lack of a demo account for clients to test the platform risk-free raise concerns about the legitimacy of the broker. Additionally, the broker’s inadequate description of trading conditions, including high leverage ratios up to 1:400, without proper regulation, adds to the suspicion surrounding Reltex Group’s operations. Limited benefits for Gold and Platinum account holders further highlight the lack of depth in the broker’s account types.
Legal Information and License Status:
The absence of legal information and licensing details from Reltex Group raises red flags regarding its credibility. Despite claiming to be a reputable broker, the lack of registration location, licensing information, and incorporation date is alarming. Negative reviews and the unavailability of concrete information further cast doubt on the broker’s legitimacy. The inclusion of a Canadian phone number without registration in the Canadian registry suggests potential unregistered status, making Reltex Group a risky choice for investors.
Domain Information:
Reltex Group’s domain registration date in October 2023 indicates a short operational history, raising concerns about its credibility and trustworthiness. Traders should exercise caution due to the limited track record of the broker, which may indicate potential risks associated with engaging with Reltex Group.
Assessment of Legitimacy:
Operating as an unregulated forex broker, Reltex Group lacks oversight from regulating agencies, posing significant risks to investors. Additionally, its association with websites offering “Automated trading software” raises suspicions of fraudulent activities. Warnings from authorities such as the Autorité des marchés financiers (AMF) and Canadian Securities Administrator further emphasize the illegitimacy of Reltex Group.
Red Flags to Watch Out For:
– Unlicensed and Unauthorized broker
– High fees
– Unrealistic promises of high profits
– Lack of transparency
– Warnings from AMF and CSA
Discover how the scam operates
Unregulated brokers, such as Reltex Group, employ enticing tactics to lure individuals into depositing funds by promising lucrative returns or exclusive deals. Following a deposit, they may deploy “retention agents” to coerce additional investments. Be cautious of glowing online reviews, as they could be manipulated to bolster the broker’s credibility.
Withdrawing your funds:
If you have deposited funds with Reltex Group, it is imperative to promptly request a withdrawal. Unregulated brokers frequently stall withdrawals, complicating the process of reclaiming your funds. Exercise caution when signing agreements that grant brokers control over your account, as this could result in a total loss of funds.
Recovering your funds from Reltex Group
Should Reltex Group refuse to reimburse your funds, contemplate initiating a chargeback through your bank or credit card provider. Preserve all correspondence with the broker as evidence. For wire transfers, escalating the matter to regulatory bodies and lodging complaints may facilitate the recovery of your funds.
Remember, prudence is essential when dealing with unregulated brokers like Reltex Group. Stay well-informed and take preemptive measures to safeguard your investments.
In conclusion:
Steer clear of Reltex Group (reltexg.com) at all costs. This disreputable platform is not a legitimate broker but a hazardous scam operation. Engaging with Reltex Group will only lead to financial losses, as their profit assurances are hollow. Remain vigilant and shield your investments from scams like Reltex Group.
Understanding How the Scam Operates:
Stay informed about the deceptive practices employed by Reltex Group to protect yourself from falling victim to their fraudulent schemes.
