RBC Markets-Overview of Minimum Deposit, Leverage, Spreads

Unavailable official Website

We were only able to piece together a general picture of RBC Markets as a forex broker by gathering pertinent information from other websites since the official website of RBC Market is currently inaccessible.

General Information

RBC Markets is a newly established foreign exchange broker, and the identity of the parent firm behind it has not been made public. Since the official website of this broker is currently inaccessible, we were only able to uncover a limited amount of information about it. There are three different trading accounts available to choose from on RBC Market.

Account Types

RBC Markets provides a total of three trading accounts, which are referred to as Standard, Premium, and Luxury respectively. The initial deposit requirement for each trading account is significantly different, ranging from a low of $250 to a high of $50,000. This is the primary distinction between the accounts. Yet, additional details of the account are not disclosed.

Spreads

Spreads are defined by trading accounts, which means more account balance you hold, narrower spreads you are offered. Accordingly, with the Standard account, you can get the spread start from 0.6 pips, and the spreads offered in the Premium account with its minimum deposit reaching up to $10,000, from 0.4 pips, and the Luxury account holders can enjoy the most competitive spreads, as low as 0.1 pips. While it is not indicated that there is a commission charged for any of the three trading accounts.

Customer Support

As an unregulated broker, RBC Markets offers a poor customer support, and they can only be reached through telephone at +19027061082, and email: support@rbcmarkets.com.

What should you do if being scammed？

If you deposited money with them and they won't give it back, which is likely, there may be a means to get it back.

First, preserve the emails as proof that you've requested your money back, but they haven't refunded it or have delayed the procedure.

Chargeback first! Contact your bank or credit card company and explain how you were duped into depositing for an unregulated trading organization that won't return your money. This is the easiest and most effective approach to get your money back. Because many chargebacks will damage their relationship with Payment service providers.