✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company Redstarchain is a safe company or an untrustworthy company. Read our full analysis to find out everything!

We analyze the website, observe every detail and 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...

Below we will show you essential information about Redstarchain and we will tell you why we reached such a conclusion:

Basic Information

🕑 Website ageWebsite registered on: December 7, 2023
🏠 Company*Not mentioned
RegulatoryIt is not regulated
📧 EmailDoes not have
📈 PlataformOwn platform
📌 AddressMentions being located in Ireland
🌐 Websiteredstarchain.com
Company typeBroker for stocks, cryptocurrencies, options, ETFs and OTC 

Company:
⚠️ Redstarchain does not mention which company it belongs to. Be very careful, we notice a clear lack of transparency

⚠️ Location: The company mentions being located in Ireland, but we believe this is false information.

We can already tell you that we are concerned about several characteristics of this company.

What is Redstarchain?

After having carried out an analysis of the company's website, We can say that Redstarchain is a: broker for stocks, cryptocurrencies, options, ETFs and OTC.

Account types

Here are the different types of Redstarchain accounts/plans:

types of accountsMINIMUM INITIAL DEPOSIT
Beginner$2,000
Standard$4,500
Intermediate$ 18 500
Advanced$ 45
Integral$ 100

Information on the web

REDSTARCHAIN ​​website

Here is a screenshot of the Redstarchain website, available at redstarchain.com. The capture was made in April 2024.

Contact: phone numbers and email

After having performed an analysis of the website:

◉ We have found the following phone number: +442038661544

◉ We have found the following email: [email protected]

*Redstarchain regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

🚨 The broker presents us with a very worrying situation; It mentions absolutely nothing about its regulation. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection! ????

🚫 Final Redstarchain Rating 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of Redstarchain and we have reached the following conclusions about this company:

Location: It mentions being located in a place considered safe such as Ireland, but we believe that this is false information with which they try to deceive customers.

Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.

Please remember that the company has been denounced by different financial regulators (in this case the AMF, French Financial Authority). Use EXTREME CAUTION.

*

Redstarchain presents itself as an investment broker that covers a wide variety of financial assets, from stocks to cryptocurrencies, options, ETFs and OTC. However, its lack of transparency regarding its location, declared in Ireland, raises questions about its veracity and could indicate a attempt to mislead investors about its true base of operations. Additionally, the company does not mention anything about being regulated, suggesting that it operates without oversight and may expose investors to significant financial risks.

La recent antiquity of the company, with the registration of the domain “redstarchain.com” on December 7, 2023, is also a cause for concern. This lack of track record and experience in the market increases uncertainty about the reliability of the platform. The customer complaints online support its poor reputation, which could indicate problems with the execution of trades, withdrawals of funds or other aspects of the service offered by Redstarchain.

La complaint by the AMF, French Financial Authority, is a clear warning about possible irregularities or fraudulent practices on the part of the company. In short, Redstarchain appears to be an investment platform that should be approached with extreme caution. The lack of transparency about its location and regulation, its recent age and its poor reputation on the internet are clear signs that investors should avoid this platform and look for safer and more reliable alternatives.

🚨🚨 Conclusion: for the reasons mentioned our conclusion is that it is a very unserious and very unsafe company. Please think carefully if you want to send money to a company with these characteristics. 🚨🚨

Updates

News about Redstarchain:

Date Update – news
April 2024Complaint against Redstarchain regulator AMF, French Financial Authority

User Reviews

[democracy id = ”8921 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Redstarchain.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Redstarchain

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 Redstarchain

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.

FAQs

Are there (recommended) alternatives to Redstarchain?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report Redstarchain?

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 Redstarchain trustworthy?

No. Redstarchain is not trustworthy, it is a very unsafe company: It lies about its true location, it is recent (2023-12-07), it is not regulated and it has a complaint from regulator AMF, French Financial Authority.

How to recover money from Redstarchain?

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.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Redstarchain: opinion and comments – Is it a scam?»

  1. joseph R Reply

    This company is a hoax. I assure you, they didn't let me withdraw, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hello José R, thank you for writing about Redstarchain. Currently, this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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