Is RSQTrade a Scam Broker?
RSQTrade is an unregulated broker that has a website that is clearly copied from another broker. This happens often with unlicensed brokers who want to seem legitimate. RSQTrade has high spreads and steep fees for withdrawals. In addition, leverage is 1:400 which is very risky for customers. RSQTrade claims to have proprietary trading software, but this software does not measure up to MetaTrader 4 or 5 and given other details about this broker, it does not seem trustworthy.
Is RSQTrade a Scam or Legit Broker?
It is never a good idea to open an account with an unregulated broker. Trading software is only as good as the broker that has created it. Given the quality of the site, the lack of a license, the high spreads and fees, and the lack of transparency, it does not seem to be a good idea to trust RSQTrade. Do the research and find a regulated broker you can depend on.
Here are some problems we have discovered from our research on RSQTrade and reviews:
- No license
- Website design and content copied
- No Transparency
- Low-quality trading software
- High spreads and fees
ReportScamOnline experts have examined RSQTrade and have concluded that it seems like a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.