RSI Information
RSI Technology Podgorica LLC, based in Montenegro and established in 2017, offers trading services in forex and CFDs. However, the platform currently lacks regulatory oversight.
Pros & Cons
Cons
- Lack of Regulatory Oversight: RSI operates without regulatory oversight.
- Limited Website Information: The brokers one-page website lacks detailed information about its services, trading conditions and operational transparency.
- Restricted Payment Methods: RSI does not accept payments from a significant number of countries.
- No Download Link for MT5: There is no direct download link for MetaTrader 5 on their website.
Is RSI Legit？
When considering the safety of a brokerage like RSI or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
- Regulatory sight: The broker's current operation without legitimate regulatory oveRSIght only fuels concerns about its legitimacy and trustworthiness.
- User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the broker's operations.
- Security measures: So far, the broker's one-page website lacks detailed information on security measures. If you are considering trading with them, you should seek clarification directly from the broker to ensure they meet your security and protection standards.
In the end, choosing whether or not to engage in trading with RSI is an individual decision. We advise you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments
Per its website, RSI offers trading services primarily in forex and CFDs that are traded in margin, allowing traders to speculate on the price movements of assets such as commodities, indices, and stocks.
Trading Platform
MetaTrader 5, offered by RSI Technology Podgorica LLC, is a comprehensive multi-asset trading platform featuring advanced trading capabilities and technical analysis tools. It supports automated trading systems and copy trading, providing flexibility for traders to operate from smartphones and tablets.
Notably, RSI offers additional services like FXRM, a risk management solution that monitors trading positions and alerts users to abnormal trades.
For those interested in starting an FX brokerage, RSI provides a White Label solution that simplifies the setup process and offers managed services.
However, the website lacks a direct download link for MetaTrader 5, so contacting the broker for access and further details is advised.
Customer Service
RSI Technology Podgorica LLC offers several customer service methods for support.
Their corporate office is located at Crnogorskih Serdara Boulevard, Lamela F, Ent. 5/6, Podgorica, Montenegro. For direct assistance, clients can call +382 20690236 or email support@rsiforex.com.
Additionally, a contact us form is available on their website for inquiries.
Conclusion
In conclusion, RSI offers margin trading services in forex and CFDs. However, the lack of regulatory oversight and an uninformative website raise significant concerns about the transparency and security of its operations.
For traders who prioritize regulatory compliance and dependable customer service, it is recommended to consider alternative platforms with robust regulatory frameworks and clear.
Q&A
- Is RSI regulated？
No. The broker is currently under no valid regulation.
- Is RSI a good broker for beginners？
No. RSI is not an ideal choice for beginners due to its lack of regulatory oversight and the limited transparency provided by its one-page website.
- Does RSI offer industry leading MT4 & MT5？
Yes, it claims to offer MT5 trading platform, but the there's no download link, which needs further checking with the broker.
- Are there any restricted areas of RSI's services？
Yes, RSI does not accept payments from these countries; Afghanistan, Barbados, Bangladesh, Bahrain, Bahamas, Botswana, Belarus, Cameroon, Costa Rica, Algeria, Ghana, Gambia, Indonesia, British Indian Ocean Territory, Iraq, Iran, Myanmar, Morocco, Macao, Malaysia, Nigeria, Pakistan, Sudan, Somalia, Suriname, South Sudan, Syria, Togo, Tajikistan, Turkey, Turkmenistan, Venezuela, Vietnam, Vanuatu, Yemen, Zambia, Zimbabwe, Ivory Coast, Rwanda, Seychelles and North Korea.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
