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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

RMS TRADE

Australia Australia | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | Clone Firm Australia | High Potential Risk

http://www.rm-fx.com

Website

Rating Index

Contact

+61 3 9020 0155
http://www.rm-fx.com

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Company Profile 5
5-10 years
Questionable Regulatory License
Suspicious Operational Region
Clone Firm Australia
High Potential Risk
Warning: Low score, please stay away!
  • The declared Australia ASIC license (License No. 414530) has been confirmed as a clone firm. Please be aware of the risks and stay vigilant to avoid harm!
4

Basic Information

Registered Region
Australia
Operating Period
5-10 years
Company Name
Pepperstone Group Limited.
Abbreviation
RMS TRADE
Employees
--
Contact Number
+61390200155
Company Website
About Us
Wiki Q&A
Comment

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Review summary

Note: Since RMS TRADEs official site (http://www.rm-fx.com) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

RMS TRADE, a trading name of Pepperstone Group Limited., is allegedly an Australian clone firm specializing in forex trading. Unluckily, we cant find other more detailed information about this broker on the Internet.

Market Instruments

According to the name of RMS TRADEs official site-http://www.rm-fx.com, we can easily get the information that the broker offers forex trading, however, other tradable financial instruments cannot be found on the Internet.

Customer Support

RMS TRADEs customer support can only be reached by telephone: +61390200155. However, this broker doesnt disclose other more direct contact information like email or the company address that most brokers offer.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • Clone Firm Australia
  • High Potential Risk

Wiki Q&A

Is RMS TRADE a reliable or highly suspicious trading platform?

RMS TRADE is a highly suspicious entity that carries a severe risk warning. WikiFX data assigns it a composite safety score of just 1.57, reflecting profound operational and regulatory concerns. The entity is formally designated as a 'Clone Firm' by the Australian Securities & Investments Commission (ASIC), indicating it lacks credible oversight. No verifiable metrics regarding minimum deposit, leverage, or execution speed are publicly disclosed, which is consistent with its overall profile.

04-02
United States

Is RMS TRADE regulated?

No, RMS TRADE is not a regulated broker. It operates as a 'Clone Firm' per an explicit warning from the Australian Securities & Investments Commission (ASIC). The broker has improperly associated itself with a legitimate market making license (No. 414530) held by Pepperstone Group Limited, but it possesses no valid or credible regulatory authorization of its own for forex trading activities.

04-02
United States

What is the official website of RMS TRADE?

An official website for RMS TRADE is not publicly disclosed. The absence of a transparent and verifiable online presence is a common characteristic of entities operating with a high-risk profile and lacking formal regulatory oversight.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States
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