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Is RSQTrade a Scam Broker?
RSQTrade is not a licensed broker. Not having oversight from a regulator is not a good sign. Its website seems to have been copied from another broker. When clients sign up, it clearly goes to another page, and doesn’t even seem to have a real dashboard. Withdrawal fees and spreads are high and leverage is steep at 1:400. This all points to the conclusion that RSQTrade is a risky broker, all the more so because it does not have a license.
Is RSQTrade a Scam or Legit Broker?
RSQTrade boasts of proprietary trading software. These products are only as good as the broker who designs them, and RSQTrade does not inspire enough confidence to make this software seem trustworthy. It is clear that this is not a safe broker and it is better to do research into a regulated broker.
Here are some problems we have discovered from our research on RSQTrade and reviews:
- Not regulated
- Poor, generic website design
- No Transparency
- Unimpressive proprietary trading software
- High spreads and fees
Our experts do not recommend RSQTrade. We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by RSQTrade or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.