Rev Trading, headquartered in the UK, is a CFD broker offering trading services for cryptocurrencies, forex, indices, gold, silver, and other financial products. Despite providing a variety of trading products and the widely-used MetaTrader 4 (MT4) trading platform, the company's lack of regulation raises concerns among investors.
Company Background:
Rev Trading Limited is a private company registered in Vanuatu with the company number 15054. However, records show that the company was deregistered on June 2, 2022. Its office address is Office 23, BizSpace Littlehampton, West Sussex, BN17 7TL, UK. The company's website is https://rev-trading.ltd/cn, with the domain registered on March 25, 2020. Rev Trading Limited's main business is CFD trading, including cryptocurrencies, forex, indices, gold, silver, and other financial products.
Regulatory Status:
Rev Trading is an unregulated broker. During its operations, the company lacked evidence of effective regulation. The company's business is not overseen by any regulatory authority. For investors, choosing a regulated broker is crucial as regulation provides additional protection and transparency, ensuring the company adheres to industry standards and safeguards client funds.
Since Rev Trading Limited is not regulated, investors should exercise caution when considering trading with them and may want to look for alternative brokers that are reliably regulated to ensure the safety and compliance of their investments.
Trading Products:
Rev Trading is a CFD broker offering a wide range of trading products. From forex to CFDs, cryptocurrencies, indices, metals, and individual stocks, Rev Trading covers multiple financial domains. Investors can participate in the global forex market, enjoying the flexibility and opportunities of forex trading; they can also use CFDs to trade various commodities, stock indices, and individual stocks, potentially gaining returns. Additionally, Rev Trading allows investors to trade with cryptocurrencies, covering crypto exchange and leveraged crypto trading, providing more options. The company offers several major cryptocurrency trading pairs such as Bitcoin, Ethereum, etc., to meet various investor needs.
Trading Platform:
The broker provides the MetaTrader 4 (MT4) trading platform, a highly popular and multifaceted trading platform.
MT4 supports multiple languages and offers a rich expert advisor (EA) automated trading feature, enabling traders to execute trades using automated strategies. Additionally, MT4 provides extensive custom indicators allowing users to analyze and forecast the market according to their preferences. Users can also buy signals on the platform, gaining access to other traders' advice and strategies.
The MT4 platform is known for its high penetration and stability, ensuring traders can execute trades efficiently and obtain reliable results. Besides the PC version, MT4 also offers a mobile version, enabling users to trade anytime, anywhere. Users can download the MT4 platform's PC and mobile versions from the official website.
Account Types:
- Visit the official website
First, visit the broker's official website. The homepage will provide a prominent "Open Account" button, which users can click to start the registration process.
- Fill in registration information
On the registration page, users need to fill out a registration form including basic information like name, email address, phone number, etc. Users must also choose a base currency and set an account password. Ensure the information is accurate as it will be used for subsequent login and trading.
- Log in and start trading
Users can log in to the MT4 trading platform using their account and password. After logging in, they will have access to market trading, chart analysis tools, and other functions. Users can start trading and use the various features and tools provided by the MT4 platform to achieve their trading goals.
When choosing a broker, it is crucial to understand the types of accounts available. However, this broker does not disclose specific account types, potentially leaving users without clear information on trading conditions, spreads, and commissions.
Maximum Leverage Ratio:
Rev Trading offers leverage of up to 200x, allowing traders to execute larger trades with relatively smaller amounts of capital. Rev Trading's leverage policy does not require investors to make additional margin deposits.
Rev Trading claims to implement a variable spread system without specifying spreads for particular instruments. This means spreads may vary based on market conditions, affecting trading costs and profits. Furthermore, Rev Trading does not disclose specific information on commissions, which leaves traders needing more transparency when planning and evaluating trades.
Deposit and Withdrawal Methods:
Rev Trading only supports Bit wallet for deposits and withdrawals, which may raise concerns among investors. Bit wallet is a virtual currency wallet and, compared to traditional bank accounts or third-party payment platforms, may have lower levels of regulation and protection, posing certain risks.
Being cautious and seeking a more reliable trading platform is essential in investment decisions. The lack of other traditional payment methods might limit traders' options and convenience.
Customer Support:
Rev Trading provides email support, allowing users to contact the customer support team via email.
Email: support@rev-trading.ltd
Address: Office 23, BizSpace Littlehampton, West Sussex, BN17 7TL, UK.
Conclusion:
Rev Trading is a UK-based CFD broker offering trading services for cryptocurrencies, forex, indices, gold, silver, and other financial products. However, Rev Trading is an unregulated broker lacking evidence of effective regulation. Additionally, Rev Trading only supports Bit wallet for deposit and withdrawal, which may raise concerns among investors. Investors should exercise caution when considering Rev Trading as their trading platform and consider looking for alternative brokers that are reliably regulated to ensure the safety and compliance of their investments.
Currently, Rev Trading is flagged as "suspected fraud" on TraderKnows.
