Right suit legal service company has been flagged by Capital Market Authority for "Unregistered/Unlicensed entity offering financial products or services". The Authority warns investors against dealing with Right Suit Legal Service Company, as it is not licensed to practice any of the financial activities and services regulated and authorized by the authority, and that the Authority is not responsible for any dealings with this entity in this regard... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Right suit legal service company is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
KYC with Right suit legal service company 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: Excellent charting|Easy to use platform
Cons: Limited demo account features
After seeing ads for Right suit legal service company online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Capital Market Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
The platform itself is okay, but the customer service at Right suit legal service company is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Intuitive for beginners|Risk management tools|Copy trading available
Cons: Cannot customize dashboard fully|Limited social trading features
I have been trying to close my account with Right suit legal service company for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Quick verification|Segregated accounts
Cons: Minor UI glitches occasionally
For anyone considering Right suit legal service company, please be aware that this company has been flagged by Capital Market Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status
Tried to withdraw my funds from Right suit legal service company 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: Cannot withdraw funds|Not regulated|Pressure tactics
Customer support at Right suit legal service company seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Quick verification|Personal attention
Cons: Charting tools need more indicators|Nothing significant
Right suit legal service company has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Competitive fees|No hidden fees
Cons: Currency conversion fee exists