RS Bond has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that RS Bond has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
Do not be fooled by the professional-looking website. Behind the scenes, RS Bond is disorganized and incompetent. I found them through a forum discussion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Full transparency|Competitive fees
Cons: Withdrawal takes 1-2 business days|Currency conversion fee exists
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. RS Bond recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Dividend tracking|Clean UI|Multiple order types|Wide product range
Cons: No phone support on weekends
I had high hopes for RS Bond after my brother mentioned them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Customizable dashboard|Two-factor authentication|Clear documentation
Cons: Minor UI glitches occasionally|Alert system is basic
After doing some research AFTER the fact (I know, I should have done this first), I discovered that RS Bond 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.
Cons: Lost entire investment|Reported to authorities|Unresponsive
My withdrawal request from RS Bond has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Competitive fees|Regular updates
Cons: Cannot customize dashboard fully
KYC with RS Bond 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: Stable platform|High security standards|Multi-device support
Cons: Limited ETF selection|Limited demo account features
RS Bond 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: Quick verification|Tax reports included|High security standards|Good analytical tools
Cons: Nothing significant