Global Broker Regulation Inquiry App
WikiFX
Nali5689
1-2 years

Would you consider RCG to be a trustworthy and reliable broker for trading?

Broker Issues
RCG
Regulation
08-28
United States
WikiFX
Reply

In my experience as a forex trader, trust and reliability are non-negotiable qualities in choosing a broker. Looking at RCG—operated by Leese Trading Group—I have significant reservations. Although the firm has been active for over five years and offers specialized services like hedging, futures brokerage, agricultural analysis, and clearing via established partners, its lack of valid regulatory oversight stands out as the most critical red flag for me. Reliable regulation is essential because it enforces standards for client fund protection, ethical business practices, and provides a framework for dispute resolution. RCG carries a "high potential risk" warning and, more specifically, operates without any recognized regulatory license. This absence means there's no third-party supervision ensuring the safety of my funds or the integrity of their business practices. Even though RCG offers tailored agricultural market services and accessible customer support, the risks originating from unregulated status outweigh these offerings for me. After years of seeing traders harmed by brokers lacking proper oversight, I am deeply cautious about placing capital with anyone in this situation. For my own trading, I insist on brokers regulated by reputable bodies in major jurisdictions. Without this fundamental backbone, I cannot confidently call RCG trustworthy or reliable, regardless of their product diversity or client-focused approach. Safety and accountability always come first in my decisions.

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com