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Is RSQ Trading a Scam?
RSQ Trading is a UK-based broker. Any broker that is based in the UK must have a license from the FCA or the Financial Conduct Authority. However, RSQ Trading has no FCA license. This is reason enough to avoid it, no matter what services it claims it provides. However, there is another detail about this broker that makes it unreliable. It tries to evade responsibility for losses by blaming its own clients.
Is RSQ Trading a Scam or Legit?
This broker’s contract includes a clause that the broker will not be responsible for any clients who are trading in regions for which RSQ Trading does not have a license. This is basically blaming the victim. This should not deter anyone from filing a claim against RSQ Trading, since they are responsible for having a license in the first place. Customer should do their own diligence, but they do not forfeit the right to recover funds from unlicensed brokers.
Here are some problems we have discovered from our research on RSQ Trading and reviews:
- Not regulated
- Risky spreads
- Tries to push responsibility onto clients
- Negative reviews
Our experts do not recommend RSQ Trading. We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by RSQ Trading or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.