Score

1.35 /10
Danger

RXK

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index5.77

Risk Management Index0.00

Software Index4.00

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

open now

Regulatory disclosure

Danger

FR AMF
2023-04-05

Broker Information

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Company Name

RXK Capital

Company Abbreviation

RXK

Platform registered country and region

United Kingdom

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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RXK · Company summary
RXK Basic Information
Company Name RXK
Headquarters United Kingdom
Regulations Not regulated
Tradable Assets Forex, cryptocurrencies, indices, commodities, spot metal, energies, stocks
Account Types Standard, advanced, platinum, expert, VIP account
Minimum Deposit €10,000
Maximum Leverage 1:150
Spreads From 0.0 pips
Payment Methods Credit and debit cards, bank transfers, and more
Trading Platforms RXK Platform
Customer Support Email (support@rxkcaptial.com)Phone (+44-20-3885-0540)
Education Resources One-On-One Training
Bonus Offerings Yes

Overview of RXK

Established in the United Kingdom, RXK is an online trading platform that provides traders with access to a diverse selection of financial instruments. Offering multiple account types, including Standard, Advanced, Platinum, Expert, and VIP accounts, RXK enables traders to engage in trading activities across various asset classes such as forex, cryptocurrencies, indices, commodities, spot metals, energies, and stocks through its proprietary RXK Platform. However, it's essential to highlight that RXK operates without regulatory oversight, underscoring the need for caution due to potential risks associated with trading on an unregulated platform.

Overview of RXK

Is RXK Legit?

RXK is not regulated. It's crucial to emphasize that this brokerage lacks valid regulation, implying that it operates without supervision from established financial regulatory bodies. Traders must proceed with caution and acknowledge the inherent risks of trading with an unregulated broker like RXK. These risks include limited avenues for resolving disputes, potential concerns regarding fund security, and a lack of transparency in the broker's operations.

Is RXK Legit?

Pros and Cons

RXK presents a comprehensive suite of advantages and disadvantages for traders to consider. On the positive side, the platform offers a diverse range of trading instruments. Additionally, RXK provides multiple account types tailored to different trading preferences and investment levels. However, traders should be cautious as RXK operates without regulatory oversight, potentially exposing them to risks associated with unregulated trading environments. Moreover, while the platform offers various account types, it lacks clear information on spreads and commissions, which may lead to uncertainty for traders. Furthermore, the educational resources provided by RXK are limited, which may hinder traders seeking comprehensive learning opportunities to improve their skills and knowledge in trading.

Pros Cons
  • Diverse range of trading instruments
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Offers multiple account types
  • Unclear information on spreads and commissions
  • Limited educational resources

Trading Instruments

RXK offers a diverse array of trading instruments, covering forex, cryptocurrencies, indices, commodities, spot metals, energies, and stocks.

In forex trading, traders can access major, minor, or exotic pairs with leverage up to 1:500, competitive spreads, and a user-friendly platform.

Cryptocurrency enthusiasts can engage in 24/7 trading, leveraging the market's volatility to their advantage.

Indices trading includes popular options like the DAX, S&P 500, or Dow Jones, with leverage up to 1:500 and competitive spreads.

Commodity trading allows traders to speculate on the price movements of assets like corn, coffee, and sugar without owning the underlying asset.

Spot metal trading, particularly in assets like Gold, benefits from superior leverage and pricing.

Energy trading is simplified, enabling traders to buy and sell crude oil, natural gas, coal, and more with ease.

Finally, stock trading offers access to shares from top companies without worrying about hidden commissions.

Trading Instruments

Account Types

RXK provides a range of account types tailored to accommodate diverse trading requirements. These include the Standard Account, requiring a minimum deposit of €10,000; the Advanced Account, with a minimum deposit of €25,000; the Platinum Account, requiring a minimum deposit of €100,000; the Expert Account, which mandates a minimum deposit of €250,000; and finally, the VIP Account, with a minimum deposit of €500,000.

Account Type Minimum Deposit Maximum Leverage
Standard Account €10,000 1:20
Advanced Account €25,000 1:40
Platinum Account €100,000 1:60
Expert Account €250,000 1:100
VIP Account €500,000 1:150
Account Types

Leverage

RXK provides different maximum leverage options depending on the account type chosen. For the Standard Account, the maximum leverage offered is 1:20, while the Advanced Account offers a maximum leverage of 1:40. The Platinum Account provides a higher maximum leverage of 1:60, and for those with an Expert Account, the maximum leverage extends to 1:100. Finally, the VIP Account offers the highest maximum leverage of 1:150.

Deposit & Withdrawal

RXK offers a variety of convenient payment methods for deposits, including major credit and debit cards such as Visa, Mastercard, and Visa Electron. Additionally, users can opt for bank transfers or choose from several other deposit options available.

For withdrawals, RXK imposes a flat 5% fee to cover credit or debit card processing costs. However, no expenses or commissions are incurred for withdrawals via bank transfers. It's important to note that while trading with RXK, additional charges such as swaps and dormant fees may apply to your account.

Deposit & Withdrawal

Trading Platforms

The RXK Platform supports trading in forex, cryptocurrencies, and various CFDs. It offers accessibility through both mobile and desktop platforms, compatible with Windows PC and Mac.

Trading Platforms

Educational Resources

RXK's educational resources are tailored to provide superb one-on-one training for Delux account holders. The RXK Education Team ensures comprehensive coverage of market dynamics, operational principles, and effective strategies for identifying profitable trading opportunities.

Educational Resources

Customer Support

The RXK Support Team provides swift assistance within 24 hours, typically responding within 1 hour. Contact us via phone at +44-20-3885-0540, live chat on our website, or email at support@rxkcapital.com for prompt help.

Customer Support

Conclusion

In summary, RXK offers traders a diverse range of trading instruments and account types, providing flexible trading opportunities through widely used platforms. However, the absence of regulatory oversight poses risks, and limited educational resources and unclear policies may hinder traders seeking guidance. Caution and thorough research are advised before engaging with RXK to ensure a safer trading experience.

FAQs

Q: Is RXK regulated?

A: No, RXK operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.

Q: What trading instruments are available on RXK?

A: RXK offers a range of trading instruments, including forex, cryptocurrencies, indices, commodities, spot metals, energies, and stocks.

Q: What account types does RXK offer?

A: RXK provides various account types, including Standard, Advanced, Platinum, Expert, and VIP accounts, catering to different trading preferences and experience levels.

Q: How can I contact RXK's customer support?

A: You can reach RXK's customer support via phone at +44-20-3885-0540, live chat on our website, or email at support@rxkcapital.com for prompt help.

Risk Warning

Online trading carries inherent risks, and there's a possibility of losing your entire invested capital. It's crucial to recognize that trading may not be suitable for all traders or investors. It's essential to fully comprehend the associated risks and understand that the information provided in this review could change due to updates in the company's services and policies. Additionally, the date of this review's generation is significant, as information may have evolved since then. Therefore, readers are encouraged to verify updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information in this review lies solely with the reader.

News

NewsAn Investigation Has Been Conducted By The German Financial Authority (BaFin) Into RXK Management

The German Federal Financial Supervisory Authority (BaFin) is looking into RXK Management Ltd., a firm that offers online trading in a variety of products, including Forex and cryptocurrency.

WikiFX
2023-01-04 10:45
An Investigation Has Been Conducted By The German Financial Authority (BaFin) Into RXK Management

User Reviews

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翎於
more than one year
Their customer service is top-notch and very attentive. The flexible leverage they offer also boosts my confidence when trading. However, I must admit that the spreads are not as low as I anticipated. Overall, I am satisfied with RXK's services, but it would be great if they could offer tighter spreads to make my trades even more profitable.
Their customer service is top-notch and very attentive. The flexible leverage they offer also boosts my confidence when trading. However, I must admit that the spreads are not as low as I anticipated. Overall, I am satisfied with RXK's services, but it would be great if they could offer tighter spreads to make my trades even more profitable.
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2023-03-29 09:09
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南巷清风
more than one year
I haven’t decided to trade with this broker yet, for it asks too much initial capital to start. I feel that this is not what I can afford, but they said they offer the most competitive trading conditions. What should I do?
I haven’t decided to trade with this broker yet, for it asks too much initial capital to start. I feel that this is not what I can afford, but they said they offer the most competitive trading conditions. What should I do?
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2023-03-13 09:45
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