Without transparent founder or entity details, the Reltex Group’s location remains unknown. The only indication might be their phone number, which points out to Canada. Thus, those numbers can also be fake.
To avoid any speculation, we will dig deep into the analysis and present you with key details in this Reltex Group review. If you stick to advice, hardly any broker could trick you in the future.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings from: | AMF, CSA, NSSC |
| Registered in: | N/A |
| Operating since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies, forex, indices, shares, commodities |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Withdrawing funds from a broker that’s found on numerous warning lists is highly questionable. Therefore, at first glance of an issue, get in touch for professional refund assistance. |
Legal info: Is Reltex Group Legit or a Scam?
Reltex Group is a practically anonymous company. Their legal details don’t reveal any registration details of this trading firm, which is already a sign to avoid them. But if you want proof, simply check top-tier regulatory databases. In this case, we are starting with IIROC (Canada), CFTC (US), and FCA (UK).
Sadly, none of these hold any records of the company’s license. However, during the research, we found multiple warnings from them. Mainly from Canadian authorities like CSA, NSSC, and AMF.
Who are Reltex Group’s Victims?
In general, it all leads to the conclusion the company mainly targets French speakers. The company’s main target areas are:
- Canada
- Switzerland
- United States
Of course, they won’t decline any traders speaking English either. Anyway, without Reltex Group reviews available, we invite you to be the first to share your experience with them. Ultimately, once we know more about their activities, we can offer you adequate refund solutions.
Leverage, Commissions, Spreads, Fees and Taxes
One of the key things in trading is always trading costs. If you don’t know those, you never know how much you will get charged for the services. That’s why this broker is even more suspicious. Yes, they present us with Reltex Group account offers with swap discounts. Yet, it doesn’t mean anything if costs are irregularly high.
On top of that, the company offers leverage out of all regulatory standards, going up to 1:400. Without negative balance protection, it’s a recipe for a disaster.
Bonuses
At least one positive thing about the Reltex Group trading company is missing bonus offers. Yes, it’s positive because bonus policies often include clauses that traders don’t read. When they want to withdraw the funds and they can’t, they realize there is a catch.
Reltex Group Trading Features
In general, the company’s features are mostly related to trading analytics. Such as exchange tickers, technical analysis, crypto market news, etc.
However, this broker is not the right choice if you are looking for advanced options like social and copy trading. To find the right options and get more bonus tips, check our ALB Limited review as well.
Trading Platforms Available
Another disadvantage here is the Reltex Group WebTrader. A proprietary platform without regulatory oversight is not something traders should strive for.
Nevertheless, the company also offers a desktop app. But if you can trust it, we highly doubt it. Especially since the company’s agents can easily control such platforms, unlike MetaTrader or cTrader, which are the most common choices of legitimate firms.
Available Trading Assets
Generally, the company’s instrument offer covers all major investment categories. Thus, if you realize many top-tier regulated brokers offer pretty much the same, why stick with this company?
Anyway, once you complete the Reltex Group login process, you can expect assets like:
- Forex – EUR/CHF, EUR/SEK
- Commodities – natural gas, platinum
- Shares – Netflix, Amazon
- Indices – DAX30, FTSE100
- Cryptos – ETH, ADA
Account Types
With three account options available and almost no benefits between each other, the company will require traders to deposit more and more money. Yet, the minimum requirements for any of those are not disclosed. Anyway, all the options are:
Higher deposits bring you benefits like higher swap discounts and higher leverage, but also free VPS services and exclusive webinars—nothing you can’t find with a regulated broker with full transparency.
Mobile Trading App
Indeed, yes. However, the mobile app is not available in trusted stores. Instead, you have to download it directly from the company’s website. Considering their scamming activities, it wouldn’t be a smart move. After all, it might contain malware that steals protected information.
Demo Account
A demo account would be a suitable option to explore whether the company’s fees and costs are any good. But this broker wouldn’t agree with that. It’s clear they want to keep it as mysterious as possible.
Education
Besides analytical tools, there’s nothing that could be related to education with this broker. Even though knowledge of the trading world is absolutely priceless. Of course, if the company aims to scam you, they won’t offer proper education.
Reltex Group Withdrawal
Apparently, the Reltex Group withdrawal is completely automated. This means the requests are processed immediately. Thus, with scam brokers, that’s rarely the case. Anyway, the company claims it takes up to 6 business days to arrive at the bank account or card. But with top-tier regulated brokers, it’s less than 24 hours in most cases.
So, why is it different? Simply, the company doesn’t reveal fees and other hidden requests. That’s what will definitely make you trouble while withdrawing any money. If you want to learn more about withdrawal tricks, check out our FCapital24 review.
Customer Support
As can be seen, the company’s support should be available 24/5. The contact options are e-mail, a web contact form, and a phone line. Thus, you should expect a long response if your inquiry is related to withdrawals. Or no reponse at all.
Key Information To Consider About Reltex Group
After the warnings against the Reltex Group scam broker, it’s clear that this company is not legitimate. But even before that, their mysterious conditions and services were pointing the same. If you have funds stuck with this broker, we recommend you apply for a refund immediately.
Don’t waste time with regular withdrawals because they won’t happen. Get in touch today and use your first free consultation with our refund team to find out how to recover your money.
FAQ Section
What is Reltex Group?
Reltex Group is an anonymous company that has been running the reltexg.com trading brand since 2023.
Is Reltex Group Legit?
No. Reltex Group is not regulated anywhere in the world and multiple Canadian regulators issued warnings against them.
Is There a Way to Get Money Back From an Investment Scam?
Indeed, yes. But with all the options available and possible CipherTrace tool necessity, we suggest you talk to our refund experts about all available options.
Source:
https%3A%2F%2Fscambrokersreviews.com%2Fcrypto-scams%2Freltex-group-review%2F
