RCF Investments has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". RCF Investments found at http://rcfinvestments.net/ is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I opened an account with RCF Investments for over three years ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Regular platform improvements|Tax reports included|Educational resources
Cons: Wait times can be long during peak hours
The mobile app from RCF Investments is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Economic calendar|Low minimum deposit
Cons: No phone support on weekends
I lost a significant amount because RCF Investments did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Dividend tracking|Segregated accounts|Customizable dashboard|Clean UI
Cons: Nothing significant
Do not be fooled by the professional-looking website. Behind the scenes, RCF Investments is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Competitive fees|Tax reports included|Clear documentation|Easy to use platform
Cons: Onboarding videos are outdated
I found RCF Investments after doing extensive research and the initial impression was positive. But for about ten months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Dividend tracking|Responsive team|Professional team|Economic calendar
Cons: No crypto staking|Wish they had more educational resources
RCF Investments locked my account without warning and demanded documents I had already submitted. for about eight months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Helpful community forum|Smooth onboarding|Instant funding|Fast deposits
Cons: Limited demo account features
I was contacted by RCF Investments through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
KYC with RCF Investments is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: No hidden fees|Regular platform improvements|Professional team|Tax reports included
Cons: No phone support on weekends
Tried to withdraw my funds from RCF Investments and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required