Rineplex has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Where do I even begin with Rineplex? for about five months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Wide product range|Stable platform
Cons: Charting tools need more indicators
The spread at Rineplex is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after doing extensive research and initially thought the platform was good - until I started trading seriously.
Pros: Two-factor authentication|Regular updates|Dividend tracking
Cons: Withdrawal takes 1-2 business days|No integrated tax optimization
My card was charged twice by Rineplex on the same day. I had to dispute it with my bank. Rineplex then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Two-factor authentication|Personal attention
Cons: Spreads widen during volatile periods
I closed a profitable position at Rineplex and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Comprehensive tools|Fast execution|Dedicated account manager|Demo account available
Cons: Limited ETF selection
I referred a friend to Rineplex while looking for alternatives to my previous provider. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Helpful community forum|Clear documentation|Two-factor authentication
Cons: Withdrawal takes 1-2 business days|Limited social trading features
I invested $2,000 with Rineplex after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Services and Markets Authority.
Cons: Blocked my account|No legitimate license|Fake returns
Do not believe the bonus offer from Rineplex. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after doing extensive research and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Great customer service|Fast deposits|Good analytical tools
Cons: Mobile app could be improved
Several red flags with Rineplex: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services and Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Services and Markets Authority|Cannot verify credentials