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RC Bankers -

Score

2.14 /10
Danger

RC Bankers

Kuwait

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://rcbankers.com/#

Influence

C

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Score

Regulatory Index0.00

Business Index6.69

Risk Management Index0.00

Software Index8.50

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Royal Chartered Bankers

Company Abbreviation

RC Bankers

Platform registered country and region

Kuwait

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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RC Bankers · Company summary
RC BankersReview Summary
Founded2020
Registered Country/RegionKuwait
RegulationNot regulated
Market InstrumentsForex, shares, metals, energies and indices
Demo Account✅
LeverageUp to 1:200
SpreadFrom 0.0 pips
Trading PlatformMT5
Min Deposit$100
Customer SupportTel: +965 22070054
Email: support@rcbankers.com
Social media: X, Facebook, Instagram
Address: Block 5 - Tower plot 43- 8th floor- Aqeila- Kuwait

Founded in 2020, RC Bankers was registered by Royal Chartered Bankers in Kuwait. It offers various trading assets, including forex, shares, metals, energies and indices. Besides, it also provides the most popular trading platform MT5. However, it is not regulated.

RC Bankers' homepage

Pros and Cons

Pros Cons
Various trading assetsNot regulated
Multiple account typesNo MT4
Offer demo accountsMany popular payment options are not supported
Flexible leverage ratios
Commission-free for Royal and Pro accounts
Popular trading platform MT5
Free deposits and withdrawals

Is RC Bankers Legit?

Royal Chartered Bankers claims it is a company incorporated and existing under the laws of the Autonomous Island of Moheli with registration number HY0042032. However, it is not regulated by any financial authorities. Traders should be cautious.

What Can I Trade on RC Bankers?

Tradable Instruments Supported
Forex✔
Shares ✔
Metals✔
Energies ✔
Indices ✔
Cryptos ❌
Bonds❌
Options ❌
ETFs❌

Account Type

RC Bankers five account types: Royal, Pro, Elite, Robo and Corporate. Demoaccounts are also offered.

Account Type Min Deposit
Royal$100 - $1 000
Pro$1 000 - $5 000
Elite$5 000+
Robo$1 000+
Corporate$20 000+
Account comparison

Leverage

The leverage of RC Bankers varies by different account types.

Account Type Max Leverage
Royal1:1, 1:100, 1:200
Pro
Elite1:1, 1:100
Robo1:100
CorporateCustom tailored

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission

RC Bankers's minimum spread starts from 0.0 pips. And there is no commission fees for Royal and Pro accounts.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, IOS, Android, WebExperienced traders
MT4❌/Beginners

Deposit and Withdrawal

Deposit Options

Deposit OptionMinDeposit FeeProcessing Time
VISA / Mastercard $1000%Instant
WARBA BANK2-5 working days
GULFCOIN
PERFECT MONEY
ASIAHAWALA
ZAIN CASHUp to 24 Hours
BIILZ/in real-time

Withdrawal Options

Withdrawal OptionFeeProcessing Time
VISA / Mastercard 0%2-5 working days
WARBA BANK

User Reviews

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FX1335069569
more than one year
I’ve been trading with RC Banker’s Royal broker for several days, so far so good. Free trading sessions help me a lot and I enjoy its low spreads especially. I will continue to see if I can withdrawal my funds successfully.
I’ve been trading with RC Banker’s Royal broker for several days, so far so good. Free trading sessions help me a lot and I enjoy its low spreads especially. I will continue to see if I can withdrawal my funds successfully.
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2023-03-13 09:56
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