RB Bitdeal Review – What’s Wrong With This Forex & CFD Broker?

As of May 2023, the broker (Rbbitdeal.com) has ceased operations. But you can read the article to avoid falling for similar scammers.

RB Bitdeal Review – Trading Scam or Reliable Broker?

RB Bitdeal advertises and positions itself as a reliable broker with many rules and different types of cooperation. But in reality, this is not the case at all.

Can RB Bitdeal be trusted?

RB Bitdeal is an anonymous trading company that has no legal documents. In their disclaimer, the firm listed several licenses, including the UK FCA and Belize IFSC licenses. They also stated that their headquarters were in Cyprus.

We found out that CySEC does not regulate RB Bitdeal. It was also necessary to check the company’s compliance with said regulations. More specifically – FCA still maintains the 1:30 leverage limit set by ESMA for retail traders. But RB Bitdeal offers leverage from 1:100 to 1:500.

The RB Bitdeal name is not listed on the FCA, IFSC or any other registry. It is a lure for inexperienced investors. This scam is used by hundreds of scammers to convince you to sign up and steal your hard-earned money.

RB Bitdeal is an illegal offshore investment scam that offers Forex, CFDs, shares and crypto trading. The broker aims to defraud traders from Europe and Russia.

The domain rbbitdeal.com entered the GoDaddy WHOIS database on the 29th of January, 2014. However, there are indications that the domain was later sold to this fraudulent broker, who started their operations in 2022.

RB Bitdeal – False Regulatory Claims to Build False Trust

The disclaimer lists 3 regulations. They also went one step further in the About Us section. The following companies and authorities can be found licensing and cooperating:

• FSCA South Africa.
• FCA UK.
• CySEC of Cyprus.
• DFSA Dubai.
• Ameriprise Financial, Inc.
• MiFID.

The brokerage does not comply with MiFID regarding leverage or transparency. They are not subject to any regulations and they do not cooperate with financial institutions. This is all done to create fake credibility.

Official Warnings Against RB Bitdeal

RB Bitdeal – is a financial scam. The Central Bank of Russia has banned the broker’s activity and it has no license. In December 2022, an official warning was issued against fraud by RB Bitdeal. This warning was issued by the Central Bank of Russia. It stated that the company was providing illegal financial services to Russian citizens.

This is one good reason not to contact RB Bitdeal.

Is RB Bitdeal Scam Victims Living in Canada?

Most complaints against RB Bitdeal were made from:

• Germany.
• Netherlands.

SimilarWeb reports that the site receives less than 5,000 visitors per month. The highest number of visits comes from Bulgaria. This is shows that the broker targets Europe.

The domain rbbitdeal.com was added to the GoDaddy WHOIS database in January 2014. There are signs that the domain rbbitdeal.com was entered into the GoDaddy WHOIS database on January 29, 2014.

Available Trading Platforms: What Does The Broker Provide

This broker neglected to include a section on the trading software in their rush to redesign the website and begin their fraud.

WebTrader is the only RB Bitdeal trading platform that you can access. It is a basic tool that provides basic functions such as trading history and pending orders. It does not have advanced features like EAs and social trading. The number of trading indicators available is also very limited.

Brokers that are legitimate often offer third-party software, such as MT4, MMT5, and cTrader. This is in contrast to the browser-based tool. They are popular because of their many functions and advanced TAs. RB Bitdeal does not offer such a platform and they do not provide mobile apps for retail traders. Instead, they boast about adapting their web platform to mobile usage.

What Trading Assets Does RBbitdeal Offer?

Clients can trade with RB Bitdeal broker to invest in these markets:

• Currency pairs: EUR/GBP, AUD/CAD, USD/ZAR.
• Commodities: gold, silver, corn.
• Indices: DJIA, AU200, BE20.
• Shares: 3M, Amazon, Microsoft.
• Cryptocurrencies: BTC, BCH, USDC.

Although the range is solid, we warn that unregulated brokers can cause headaches.

Amount of Commission and Spread

The spread for this investment company is 0.1 point. We have to admit that this is solid. There is often a draw. Brokers often attract clients with great trading conditions.

Comparison of trading accounts – are there any differences?

Let’s take a look at the different types of RB Bitdeal accounts and see what we can do with them.

• Beginner: $150; leverage 1:100.
• Confident: $1,000; leverage 1:500.
• Expert: $10,000; leverage 1:500.

The only thing that changes between “Beginner” and “Expert” accounts is the increase in leverage from 1:100 to 1:500 and the size of the deposit. The upgrade is not worth the effort. Or the site was not edited by someone. We do not recommend investing in this company.

Does RB Bitdeal offer Demo trading?

In order to familiarize yourself with the platform, you need to register an account. However, RB Bitdeal Demo will not be available to you. A sufficient balance is required to make trades. Although the minimum deposit required by the company is quite low, it is important not to invest money.

In comparison, many legitimate brokers offer micro accounts from $10-100. However, they offer more security because they are backed by more authorities and regulations.

What is a Chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

RB Bitdeal: Video

Below you will find a short video about RB Bitdeal. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about RB Bitdeal!