Table of Content
RB Bitdeal Review – Learn More About RBBitdeal.Com
Table of Content
RB Bitdeal broker is allegedly from Cyprus and operates since 2022. With quite poor software offers and risky trading conditions, it’s not favorable among traders. But also among regulators. Moreover, they are presenting themselves as a multiple licensed broker.
|Broker Status:||Offshore scam broker|
|Regulated by:||No regulations|
|Operating Status:||Inactive forex trading scam|
|Scammers Websites:||Rbbitdeal.com / trade.rbbitdeal.org|
|Blacklisted as a Scam by:||CBR|
|Broker Owner:||RB Bitdeal|
|Headquarters Country:||Cyprus (allegedly)|
|Online Trading Platforms:||Web-based|
|Mobile Trading:||Only via browser|
|Crypto Asset Trading:||Available – XRM, SOL, ADA|
|CFD Trading Option:||CFDs are available|
|Available Trading Instruments:||Forex, Indices, Commodities, Shares, Cryptocurrencies|
|Free Demo Account:||Not available|
|Accepts US clients:||US traders are accepted|
To find out the real truth about this trading company, continue reading this latest RB Bitdeal review.
Is RB Bitdeal Broker Safe? Regulation and Security
Any broker that is making false statements is already suspicious. That’s why RB Bitdeal already got a warning from the Russian Central Bank. To sum it up, RB Bitdeal scam broker is not safe. Here is why. Firstly, they claim to operate from Europe. Any EU regulation, even ESMA has strict rules. For instance, leverage, where the maximum allowed is 1:30. But this broker has 1:500.
Secondly, the RB Bitdeal broker scam operates without any licenses. Primarily without a domestic CySEC license. Consequently, without any other Tier 1 license. For example from FCA, ASIC or BaFin. Thirdly and most importantly, the broker is openly lying about licensing. Numerous databases were after all empty upon search of this broker.
For example, FSCA (South Africa), DFSA (Dubai), Ameriprise Financial and MiFID. Those are besides the already mentioned ones. If this is not enough to prove this investment scam for you, nothing will. Here is the warning we mentioned above:
What Kinds of Trading Platforms Are Available?
Many licensed brokers tend to provide maximum transparency and security. Therefore, they opt for trusted trading software. Those are mostly third-party ones like cTrader or Meta Trader. Clients can enjoy multiple advanced trading tools and improve their results. Yet, RB Bitdeal broker didn’t care much about it.
What this broker offers is just a basic web-based platform. It’s nothing more than a bit more advanced trading view. Even the number of indicators is limited here. Not to mention advanced options like social trading or advanced EAs.
Moreover, if you were looking to trade remotely you can expect a struggle. Web-trader is not optimized for any Android or iOS device. In fact, there is no app for download available. That leads to slower execution speed and potential stability issues. Additionally, such a platform is the perfect soil for manipulation.
What Types of Accounts Does RB Bitdeal Provide?
RB Bitdeal broker doesn’t care about your trading experience. They only care about your deposits. So, through trading, you can’t expect much. Especially because you don’t know under what conditions you are trading. Except for the leverage that we clarified.
Their poor offer consists of 3 account types:
- Beginner $150
- Confident $1.000
- Expert $10.000
Important to realize is that accounts don’t differ much. Making a higher deposit doesn’t pay off. The only so-called benefit that you get is higher leverage. Which can delete your account balance in a blink of an eye. Considering their weak fund protection measures that’s exactly what’s going to happen. Of course, that always happens once you make a withdrawal request. As can be seen from RB Bitdeal reviews.
Trading Instruments: A Brief Introduction
Non-surprisingly there are all attractive classes available. From:
- Forex GBP/HUF, AUD/HKD, NZD/JPY
- Commodities platinum, palladium, silver
- Indices DE 30, FRA 40, ITA 35
- Shares Netflix, Spotify, Alibaba
- Cryptocurrencies BTC, BCH, SOL
On the positive side, this is quite a solid offer from this scam broker. But nothing we haven’t seen before. Moreover, you can get all these assets as well with Tier 1 licensed broker. Of course, with a higher level of transparency and more security features.
As for trading costs, those remain mysterious. Even though the broker has spread from 0.1 pips that’s just a dirty trick. Most of the time, you won’t get such competitive spreads with scam brokers. Even if you do, be sure they will rip you off with fees. Since this one doesn’t reveal commissions and overnight swaps.
Funding Methods at RB Bitdeal
Another key point of the RB Bitdeal scam deal is their funding policy. The broker only accepts cryptocurrency payments. You must understand that those are completely anonymous and encrypted transactions. Instead of card transactions that are eligible for a chargeback, this broker is protecting themselves.
As we could see from some RB Bitdeal broker reviews withdrawals are the main issue. This broker makes up numerous reasons not to approve the withdrawal. From non-existent fees and taxes up to AML laws. But those laws only apply once you want to withdraw your profits.
Luckily, because of their shady activities and warnings from regulators, they are shut down now.
How Do I Get a Refund if RB Bitdeal Stole My Money?
One thing is to get scammed. It’s not a shame, it can happen to anyone. But the other thing is if you don’t want to do anything about it. Firstly, you should share your experience everywhere. That way you can hint to regulators and other traders why not to invest here.
Secondly, you can get in touch with our expert fund recovery team. They are specialized in cryptocurrency transactions. That’s exactly why they got access to the sophisticated software CipherTrace. This allows them to trace crypto transfers up to the final destination. Which can easily lead to the recovery of the funds.
Don’t break your head too much thinking about it. Don’t let these swindlers go away with your money. Hard-earned money. Get in touch today and book your first consultation. Above all, it’s a free consultation.
RB Bitdeal Summary
- RB Bitdeal broker is with an institutional warning.
- They don’t have any licensing.
- Shady trading conditions.
- Non-transparent withdrawal policy.
- They provide an insecure trading platform.
FAQs About RB Bitdeal Broker:
Is RB Bitdeal a Legitimate Broker?
No. They openly lie about their licensing, when they don’t have any.
What Funding Methods Does RB Bitdeal Accept?
This scam broker only accepts crypto transfers due to high anonymity and low traceability.
Is RB Bitdeal a Good Broker?
No. Because after the warning from CBR, the broker disappeared and website shut down.