Scam Brokers

Rumelia capital

Summary

Rumelia capital is an Ireland based binary options broker. This company has been established in July 2016. They are an unlicensed binary options broker, managed by the atmosphere management Ltd. & Melnic group Ltd. They use the MarketsPulse trading platform for their operations. Their official website is listed at rumeliacapital.com. Our review will provide you with in-depth information about this broker and whether it is safe to invest with them or not.

THIS BROKER ISN'T LICENSED

Rumelia Capital Scam Review

COMPANY DETAILS:

Rumelia capital was found to have associated with a website called as instantcashapp.co which was found to be a scam. This website has a long history of cheating the investors and there have been many incidents of fraud related to the same.

rumelia capital scam review

TRADING PLATFORM DETAILS:

An Auto trading system isn’t allowed by this company. They have stated this in company’s terms and conditions. They right away term the use of automatic or semi-automatic devices as abuse. They then proceed to nullify your position and cancel your account with them. The trading system used at Rumelia is a plain system which is mostly utilized by ‘robot brokers’. This trading system is used by other brokers like Glenridge capital

TRADE CONDITIONS:

  • An initial deposit of $250 on starting a new account
  • They offer the high/low options
  • The expiry time of the options can range from 60 seconds to 1 year.
  • The return rate on EUR/USD options are only 70%

LICENSE DETAILS:

As stated above Rumelia capital is not determined as a licensed broker. For a broker to be licensed, they need to obtain it from CySEC, MAS, ASIC, or CFTC. Your residence country is vital in determining if a broker is legal or not. The foremost reason why investors prefer a licensed broker is to make sure that they will not have any problems while withdrawing the funds. FINRA published a statement on OCT 26th 2015 discouraging traders from trading at unlicensed offshore binary options brokers.

CONTACT DETAILS:

Rumelia capital can be contacted on compliance@rumeliacapital.com

USA: (347) 487-4062

UK: +44 203 514 7061.

CONCLUSION:

We would advise against trading at Rumelia capital since they are unlicensed binary options brokers and have a history of malpractices.

THIS BROKER ISN'T LICENSED

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