File a Complaint against RSQ Tradingt Global Limited
Is RSQ Trading a Scam?
RSQ says it is based in the United Kingdom, but it does not have a license from the FCA. All financial services companies in the UK must have an FCA license, but RSQ Trading apparently has no license. The website seems as if it was copied and pasted from other sites. It provides very little information but its spread on the USD/EUR is 3 pips which is high and expensive for customers.
Is RSQ Trading a Scam or Legit?
RSQ Trading says it offers trading of forex, commodities, cryptocurrencies, indices, stocks, and forex. Instead of a license RSQ Trading employs a trick often used by scam brokers. There is a statement that says traders must be authorized to trade in certain areas. They put the burden on the trader, not on themselves, to be legal and try to avoid litigation in this way.
Here are some problems we have discovered from our research on RSQ Trading and reviews:
- Not regulated
- Bad reviews
- High spreads
- Pushes responsibility for regulations off onto the customer
ChargeBax experts have examined RSQ Trading and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.