Please read our RACFX review before opening an account with them. This is a racfxlimited.com review , to see why is not recommended this website.
RACFX review first look
By taking a first look at their website there is little to no information of who they are, which is a big RED FLAG. The lack of information about them should be enough for you NOT to deal with them. If they say we have a registered company, don’t fall for it, because anyone can set up a company online for just a few dollars. No one knows who these persons are and there is a good reason for that because they keep their identity hidden while stealing your hard earned money.
Another MAJOR RED FLAG is that RACFX does not appears to be regulated by any agency.
So we urge you NOT to deposit with RACFX and any other unregulated forex “company” because that means they don’t hold responbility and you are absolutely not safe. They have the simple objective to hurt as much people as possible taking away their money and switch into a different domain. After that you can’t find them anymore and you can’t trace your money where is gone for always.
If they say we are regulated search the name company in the respective Regulating Agency database.
How does it works?
Talking with them, they will promise to make you guaranteed results on trade. Who can believe this ? Absolutely none has guaranteed returns of capital on trading online.The fact is the trades can be easily manipulated from a MT4 Platform manager ( or another platform ) giving you the illusion that you are making profits. But those “money” are just numbers on a screen, while your real money is gone in their bank accounts . And after you see these fake “profits” in your account they will push you to deposit more so you can earn more money. Also they can manipulate the prices and use artificial prices to ensure that your trades start making profits or start losing. The Stop Loss they claim to place if you are going underbalance is another Scam, because as you can understand the accounts opened with them are totally Fake. Once you deposit with them , they will do whatever is up to them to take as much money as they can out of you. Protect yourself and stay away from this website.
Common scam methods
If you have reached your deposit limit or you have smelled something bad, normally you would request your money back. They will not return your money back, this was not their intention since before they reached you. Even more they will try to get the last money out of you. The most common scam method is so called margin loan aka credit or bonus. If you have credit on your account they will say you will need to pay back the credit before you can withdraw. Scam number two is that you need to pay taxes or the agent’s commission before you can withdraw, you need to pay some kind of insurance of trading fee. We highly recommend you to NOT pay a fee to withdraw your money, is a SCAM! We know you want your money back , but this will only make things worse.
Can u get your money back?
Usually the forex scammers are well organized as this is relatively not a new niche. Nowadays they require people to make deposits through bitcoin, which is an untraceable currency and the payments are irreversible. So if you paid them with bitcoin or through a bitcoin exchange, your money is most likely gone. We know this might be hard for you to digest but that is the ugly truth. If you paid them through a wire transfer, there might be one or two loopholes, but that depends from case to case. The only thing you can do something about it is if you have deposited through a credit card. In this case you will need to contact the bank or the credit card company to ask for a chargeback.
Is there something you can do?
The best chance you have is to trace the money carefully to see where they went and report your case to the police. Gather all the information and write it down: names brokers , numbers , addresses , all the information you shared with them ( bank details , PINs etc ) , how you’ve paid and whatever you know about the company . Sooner or later one of these scammers will get it. We need as much as possible reports to the police and hopefully they will pass the case to Interpol, Europol or even to the FBI. Also make sure to report them to a Regulating Agency of Trading Online in your country. You have to harm them in every possible way.
Hiring chargeback companies
If you lost money with RACFX you are probably feeling very frustrated. The most important thing is not to feel ashamed because everyone becomes a scam victim at least once on their life. Second thing is not to make any rushed decision after that, take some days to calm down before proceeding further.
A chargeback company can be your ally in your case, because they have a lot of experience and can present your case to the bank in a professional way. If you are planning on hiring a chargeback company, we recommend you to hire the most trustworthy company. Be aware because there are a lot of fake companies out there who would simply take your money and do nothing about it.
If you would like our assistance, feel free to reach us at [email protected] .
We are here to save people from thousand of scammers operating online , but also need your help. If you are one of the unfortunate victims of RACFX , leave a RACFX review below in the comment section describing the experience. If there was any name broker or any other company you were victim of it make sure to mention it . It is your turn to help others!
RACFX review conclusion
Talking on the phone with the employees of RACFX , we knew that they had made up names. This was the first sign of scam. These scammers will give out false physical addresses , telephone numbers , contact details , and after their objectives are accomplished they will change them over time. If you have deposited money please beware of the scam methods outlined above. We repeat to follow every way to report them to the right authorities with the right proofs. This company is not authorised by any Financial Authority , so we strongly recommend to stay away from this website. Hope our RACFX review was helpful to you and don’t forget to leave a RACFX review below.
If need help from us or if you don’t know where and how to start about getting your money back reach us at [email protected]