As can be seen, this company presents itself as registered in the United Kingdom. Fairly, that gives another weight to the company’s business. After all, many traders might think all UK-based firms are legit.
Indeed, there might be ones that are truly registered there. However, there are too many swindlers misusing that blind trust traders have. So, to determine how to avoid such traps, make sure to read this RGN Financial Planning LTD review carefully.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | rgnfinancialplanningltd.com |
| Have Warnings From: | N/A |
| Registered In: | UK (allegedly) |
| Operating Since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | 1:100 and higher |
| Minimum Deposit: | £5.000 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Withdrawing funds from a broker presenting itself as UK and not having an FCA license is the mission impossible. If you get funds stuck with this firm, contact us as soon as possible for refund advice. |
Legal Info: Is RGN Financial Planning LTD Legit Or A Scam?
When you think of legitimate firms, you have to look for their licenses first. Luckily, this brokerage makes everything easier for us. You just have to check if they are regulated by the FCA, and their secrets will be revealed. To sum it up, they are not.
But the story doesn’t end there. The company is not authorized anywhere else, starting with authorities like ASIC, CFTC, BaFin, and others. Therefore, if you are still thinking of depositing here, at least you know the funds are not safe.
Who Are RGN Financial Planning LTD’s Victims?
Since 2023 when this trading brand was established, they were mainly targeting European traders. So, if you are coming from the following countries, keep an eye on your crypto wallets and watch out where you register. Those countries are:
- United Kingdom
- Netherlands
- Sweden
- Poland
- Ireland
But if you want to find out how transparent firms operate, check our ICM Trader and Lux Trading Firm reviews. Once you realize the difference, contact us for refund advice to help you get your money back from RGN firm.
Traders Reviews
Quite surprisingly, the RGN Financial Planning LTD reviews are only available on Sitejabber and not on any other platform. So far, there are 39 comments, and many of them point out that it’s all a scam.
As can be seen, the company is trying to forcefully extort more money from traders when they request withdrawals. Of course, they are using standard tricks for that: non-existent fees and tax regulator threats. If you face a similar scenario with this or any other broker, contact us immediately for a refund consultation.
Leverage, Commissions, Spreads, Fees and Taxes
The key problem with RGN Financial LTD broker is their trading conditions. With leverage possibly higher than 1:100 they advertise, they are clearly violating all European regulations.
In addition to that, the company’s been hiding spreads, commissions, and fees. So, what else to expect from them but to get scammed?
Bonuses
Another important issue with this company is their welcome bonus offer of up to 75% of your deposit. Firstly, bonuses are banned all over Europe. Secondly, even if they are not, they would contain malicious clauses. So, watch out for those since the company’s T&Cs practically don’t exist.
RGN Financial Planning LTD Trading Features
Another issue with this brokerage is guaranteed returns of up to 15%, depending on the account type. That’s surely not something regulated brokers would feature.
On the other hand, if you look for some advanced features like social and copy trading or EAs, you won’t find them.
Trading Platforms Available
As can be seen, the company presents its platform as a state-of-the-art solution. However, we hardly believe a proprietary web-based platform can be that good. What features the company presents us with are:
- Real-time market data
- User-friendly interface
- Access on multiple devices
- Seamless order execution
Funny, isn’t it? This is especially true when you know all the features of MT5 and cTrader.
Available Trading Assets
Generally speaking, when the company offers services without regulation, its instruments don’t matter. It’s all fictive, anyway. All in all, you can expect assets like:
- Forex – EUR/HKD, AUD/SGD
- Indices – DAX30, FTSE100
- Commodities – gold, natural gas
- Shares – Amazon, Netflix
- Cryptos – XRP, DOT
Account Types
If you are still thinking about opening an RGN Financial Planning LTD account, think about their minimum deposit requirement. Even though they might accept something around $250, they will quickly pitch you for more. So, you’ll be pressured to choose between:
- Beginner – £5.000
- Silver – £25.000
- Gold – £75.000
- Premium – £150.000
- VIP – £250.000
Mobile Trading App
If the company’s trading platform were state-of-the-art, it would also offer trusted mobile apps. However, that’s not the case here, and it’s another sign to stay clear of them.
Demo Account
Let’s also mention the lack of demo account options. Therefore, testing the company’s features and fees is not possible. You can’t even register with them unless you are invited or contact them for the registration code.
Education
The only thing that can make you consistent in the trading world is knowledge. So, if you want to educate yourself properly, you’ll have to look for another broker. With this one, there are zero educational programs offered.
RGN Financial Planning LTD Withdrawal
If you are hoping to get an RGN Financial Planning LTD withdrawal, you had better read this review again. With non-existent withdrawal policies and regulations, you can only expect trouble.
In addition to that, you can see from the reviews the company is trying to rob you with non-existent fees and threats with tax regulatory reports.
Customer Support
When it comes to contact options and support, the company might appear legit for a moment. But if you think about it, you will remember most of those things could be useless. Especially their phone number.
Besides the phone, you can try reaching the RGN Financial Planning LTD scam company via e-mail and an online contact form. But don’t’ raise much hope.
Key Information To Consider About RGN Financial Planning LTD
Literally, there’s not a single reason to trust this broker. Primarily because of missing regulations, fake and non-transparent platforms, promised returns, and hidden conditions.
If you end up in the same sauce as other victims of this brokerage, don’t hesitate to seek refund assistance. After all, our refund experts offer a first consultation free of charge. Book yours right away and find out how to recover your money.
FAQ Section
What is RGN Financial Planning LTD?
RGN Financial Planning LTD is a broker presenting itself as a UK-based trading firm with a short existence since 2023.
Is RGN Financial Planning LTD Legit?
Absolutely not. The company has been operating without any license or necessary transparency. Stay away from them at all costs.
How to Get Money Back From a Scam Broker?
Whatever payment method you were using, won’t work for withdrawals. Instead, we suggest you talk to our refund experts for adequate refund options.
Source:
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