RS Finance (Imposter) has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
KYC with RS Finance (Imposter) 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: Demo account available|Wide product range|Personal attention|Dividend tracking
Cons: Withdrawal takes 1-2 business days
Do not be fooled by the professional-looking website. Behind the scenes, RS Finance (Imposter) is disorganized and incompetent. I found them after attending a webinar they hosted and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Detailed reporting|API access
Cons: Alert system is basic
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that RS Finance (Imposter) 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: Flagged by Financial Markets Authority|Cannot verify credentials