In this section we will tell you why You should NOT invest in RedFinance. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about RedFinance and we will tell you why we reached such a conclusion:
|🏠 Company*||Shenanigans Consulting LTD|
|️ Regulation||Not regulated|
|📈 Platform||own platform|
|📌 Address||Suite 305, Griffith Corporate Center, Kingstown PO Box 1510 Saint Vincent and the Grenadines|
⚠️ RedFinance is owned by Shenanigans Consulting LTD, the company is located in Saint Vincent and the Grenadines, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Now we will analyze the types of accounts that RedFinance offers, in this case, we observe that it offers 3 different types of accounts:
|Account type||Minimum initial deposit|
Information on the web
RedFinance provides a basic explanation about the financial products it offers, economic calendar, asset calculator, live charts, really not much more than this.
List of phone numbers
At the moment we have not found phone numbers.
🚫 RedFinance Final Valuation 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH RedFinance.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
News about RedFinance:
|Date||Update – news|
|January 2023||Complaint against RedFinance of financial regulator BAFIN.|
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with RedFinance.
At the end of the review you will find customer comments.
How to Claim Money Scammed by RedFinance
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report RedFinance
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
Frequently Asked Questions
How can I report RedFinance?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is RedFinance a scam – is it a scam?
Yes. We believe that RedFinance is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is RedFinance trustworthy?
No. RedFinance is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from RedFinance?
If you want to know how to recover your capital, you can see it here!. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to RedFinance?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.