RCPro – Forex broker with outstanding long experience in the financial markets and trade services, the always-first-choice of investors around the world or just an expensive solution for trading? Find the answer from out rcpro.com review!
Overview of the broker
RCPro is an online Forex broker owned by GoldTech Media Services OU, with the operational address at Tornimae 5, 10145 Tallinn, Estonia. Their webpage welcomes you with a friendly yet professional tone of voice and it looks very appealing and organized; everything you need to know is just one click away.
The vast array of products they offer includes CFDs, Currency Pairs, Commodities, Stocks, Market Indexes, Bonds and Oil. Both novice and experienced traders can benefit from these products, as RCPro provides one of the best and varied Education Center we’ve encountered so far, along with over 70 tradable instruments and an Economic Calendar.
The website is available in 2 languages: English and Arabic but their services are available in 32 languages as traders from over 132 countries chose them as their broker. Investors from the United States of America cannot trade with RCPro.
Account types and deposit options of RCPro
On RCPro you can choose between 4 account types: Classic, Silver, Gold and the Islamic Account. All of them are commission-free and you can open an account in one of the following currencies: USD, EUR and GBP. If you’re a beginner, you should definitely try out the Classic account, as its features are everything you need, including an expert account manager, free tutorial trading sessions and a bunch of materials that help you understand how trading works.
On the other hand, the other 3 account types are for the more experienced investors. Before opening an account with this broker, we recommend a rigorous read of their features, because they have some subtle differences, especially the Islamic account, which has some strict rules.
Let’s talk about the minimum deposits demands, as well. They start from $500 (Classic), followed by $2500 (Silver), $10000 (Gold) and the Islamic trading account is interest-free. Well, what can we say, that’s a lot of money, especially since the broker isn’t financially regulated. This somehow casts a doubt on their legitimacy …
Platform from a reliable broker
RCPro went for the MT4 platform (web and mobile) and WebTrader – always a plus! With a plethora of instruments, this interface is user-friendly, can be customized with the latest indicators or auto trading systems and offers everything traders need, from advanced charting to customizable panels.
Customer support service by RCPro
When you sign up for an account, an account manager with a professional degree in Economics will be at your disposal. More than that, they offer full support to all investors during the trading week. We got in contact with them, asked a few questions and their answers were indeed extremely professional and satisfying.
The safety of your capital with RCPro
In this chapter, RCPro truly excels. Some of the most important safety measures they provide are segregated funds, negative balance protection as well as the ability to use hedging and express withdrawals. This definitely indicates that this broker is indeed a leading online investment firm which designs everything with customers in mind.
There is an expert behind every service they provide. The website has a professional aspect, the services they provide are flawless and they covered everything a trader needs. Also, a major plus is the option of practicing with a demo account which puts at your disposal a virtual sum of $10,000.
The only major disadvantage that also made us question whether RCPro is a scam or a reliable broker – is the fact that they are not regulated. This came as a surprise because they are by far one of the most stellar brokerage firms we’ve stumbled upon. However, judging by a large number of customers they have from all over the world, we find it difficult to name them a scam.
Another disadvantage is the requirement of such high initial deposits. Compared to its competitors, RCPro went above the average for the most accessible account type, raising it up to $500. Then again, each broker company has the right to build its own policies and when we think again about all of the advantages they offer, the importance of this disadvantage diminishes.
Gem or scam?
Our verdict: RCPro is definitely a gem! They call themselves a leading brokerage firm and we completely agree. Hopefully, in the near future, they will fix that legal issue and become a financially regulated company. Until then, we highly recommend it and hope you will enjoy to the fullest your trading experience!