Ranes Capital: Is it Legit or a Scam?
Yes, Ranes Capital is a pure scam. Our investigation revealed issues with their platform, including non-functional links and suspicious software downloads.
Company Overview
Company: | Unknown |
Website: | ranescapital.trade |
Online since: | 2023 |
Country: | N/A |
Languages: | English, German |
License: | No |
Compensation: | No |
Segregated accounts: | No |
Negative balance protection: | No |
Accepted payments: | Crypto |
Account Currencies: | USD |
Minimum deposit: | $250 |
Spread: | ❌ |
Leverage: | 1:200 |
Trading platforms: | No |
Trading instruments: | currency, indices, stocks, commodities |
Services or Products
Ranes Capital claims to offer trading in various assets, including forex, indices, stocks, and commodities. However, due to their lack of regulation and transparency, there is no evidence to support these claims.
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Trading Platform & Leverages
Ranes Capital offers a web-based platform and claims access to the MetaTrader 5 platform. However, investigations revealed that the download link leads to a different software, and the web platform link doesn’t work. They also offer high leverage of up to 200:1, which is not allowed for retail traders by regulated brokers due to the high risk involved.
Spreads and Cost of Trading
Ranes Capital does not disclose crucial information like spreads and other trading costs, raising further concerns about their transparency and legitimacy.
License and Regulations
Legal Warning Against Ranes Capital
Ranes Capital operates without a valid license from any recognized financial authority. The Polish regulator, KNF, confirmed they are not regulated, and the German regulator, BaFin, issued a warning against them. This lack of regulation is a major red flag and indicates a high risk of fraud.
Deposit and Withdrawal Methods
Ranes Capital only accepts deposits in cryptocurrencies, which are anonymous and difficult to recover in case of fraud. Withdrawal conditions are also unclear, and there are reports of difficulty withdrawing funds.
Ranes Capital Pros and Cons
Pros | Cons |
None | Unregulated, no valid license |
Suspicious download link and non-functional web platform | |
Limited information on spreads and costs | |
Unclear withdrawal conditions |
Why Dealing With An Unlicensed Broker Is Risky
Dealing with an unlicensed broker like Ranes Capital comes with significant risks, including:
- Loss of funds: Without regulatory oversight, there is no guarantee your funds are safe or protected.
- Unfair trading conditions: They may manipulate spreads, prices, and executions in their favor.
- Difficult or impossible withdrawals: You might face hurdles or be unable to withdraw your funds.
- No legal recourse: In case of fraud, you have limited options to recover your losses.
Client Feedback
Independent reviews and client feedback on Ranes Capital are scarce, raising further concerns about their legitimacy.
How Can “Reviews Advice” Help You If You Get Scammed?
Unfortunately, recovering funds lost to a scam broker like Ranes Capital can be difficult. However, ReviewsAdvice encourages you to report the scam to the relevant authorities and seek legal advice if possible. You can contact us for a quick free consultation call. There we will provide you with professional guidance and recovery service recommendations to help you in recovering the lost funds or you can report to us today by the below form.
Get Your Money Back from Scammers.
Final Thought
Based on the lack of regulation, transparency, and concerning practices, Ranes Capital exhibits all the hallmarks of a scam broker. It is strongly recommended to avoid them and choose a licensed and reputable broker for safe and secure trading. Remember, your financial safety is paramount, and it’s crucial to thoroughly research any broker before investing your hard-earned money.
