RGN Financial Planning Ltd promises to be the place where traders’ ambitions will be fulfilled. The broker ensures that it takes a responsible approach to each client and strives to meet all their trading expectations. Unfortunately, the company does not disclose any history, and its official website was only created in the fall of 2023, indicating a relatively short period of operation. Additionally, there are no mentions of any licenses obtained by the firm on its website. The company claims to have offices in the United Kingdom, but there is no confirmation that the legal entity has actually been incorporated in this jurisdiction. Well, let’s delve into all the confusion surrounding this company in this review.
How to Trade
RGN Financial Planning Ltd only allows trading on a real account, and it does not provide a demo account to its traders. Clients can choose from five different account types, each requiring a specific minimum deposit. Unfortunately, the minimum deposit is relatively high, starting at £5,000. The other accounts need deposits of £25,000, £75,000, £150,000, and £250,000, respectively. These deposit requirements are quite overwhelming, considering that the company does not execute orders in the interbank market.
The specifics of spreads and swaps are not clearly outlined, but they seem to decrease with the increase in account status. However, leverage, on the contrary, increases. The company offers bonuses, but they are only available to premium account holders. Additionally, RGN Financial Planning Ltd provides an interesting service called ROI, where the profit depends on the chosen account type. Overall, the broker follows a less transparent model, favoring those who deposit larger sums with more advantageous services and conditions.
RGN Financial Planning Ltd Vital Info
The company certainly boasts about itself, but in reality, the broker has little to be proud of. The legal information used by the company actually belongs to another firm. This “broker” lacks both a registration and a license. It is providing its services completely illegally.
As for its operating history, things are quite dubious as well. According to the WHOIS service, RGN Financial Planning Ltd registered its domain on October 27, 2023. Typically, established and trustworthy brokers have a longer operating history.
The advantages far outweigh the disadvantages with RGN Financial Planning. I've been their active client for a long time. Whether you believe me or not is up to you.
Hello. RGN Financial Planning Ltd is an example of a dangerous broker scam. You shouldn't trust it with your money. Try asking these fraudsters for registration documents, financial statements, and obtained licenses. They either won't answer you or will somehow dodge the question and eventually block you, ignore you, and stop responding. All because there are no reports and documents, nor licenses. The activities of RGN are illegal. The broker operates in the shadows, so all the deposits that victims of this fraudulent brokerage put into the balance immediately go to the scammers. Therefore, transfers here are only through crypto, although it's possible through banks/cards, but to the details of individuals who act only as drops, i.e., fake individuals whose bank details were taken. You won't find details of a legal entity; it simply doesn't exist because this company doesn't exist legally.
If you ever come across positive reviews about RGN Financial Planning Ltd, you should know that they are 100% fake comments. Such reviews are written in order for the purpose of promoting the company. Fake positive reviews are simultaneously cheaper and better than regular advertising. That's why these anonymous scammers happily resort to such a method of promotion. You cannot trust positive comments, no matter how well they are written. That's all from me.
It lacks demo accounts, but everything else is perfect. But that doesn't really matter to me; what's more important is that RGN Financial Planning withdraws money. They do it quite successfully. I can't say anything bad about them.
We, along with friends and a lawyer, are working against RGN Financial Planning Ltd on anti-advertising. Look for more information on top platforms on the internet and don't transfer them money. Personally, I lost a large sum of money. Think better; these are your hard-earned money that they easily take but are very hard to give back.
These are scammers with a high level of professionalism deceiving people. I was personally deceived by them. They tricked me out of €8,000. I really hope that other people won't be deceived by this scam, and I hope that these comments will help someone not to fall for them.
It's a fraudulent site. There are plenty of downsides, and you can't say anything positive about it. I can only recommend one thing to everyone – don't trade here. RGN Financial Planning Ltd is not a broker at all but just a site with fake trades.
There’s nothing worse than handing money to a fake brokerage center. Even investments in a financial pyramid seem more promising than trading with a fake boiler room. RGN Financial Planning Ltd is the most typical boiler room platform imaginable. Here, you won't find a real market or real liquidity; only fake quotes and chart drawings designed to constantly trigger your stop-loss orders. The chances of making a profit are zero. Many people avoid this company for various reasons, with the main one being that the forex scam was launched relatively recently, no more than a few weeks ago as of the time I'm writing this comment, to warn everyone about the danger posed by this scam operation. That's why there are so few reviews on the internet about RGN Financial Planning Ltd, and no one wants to deal with it. Mostly, only newcomers who have been persuaded by sweet promises end up here. But such people are buying experience. Some get it for free by studying other people's experiences, while others pay for it. Like the victims who deposited money here.
Registration went through without email confirmation, using a made-up phone number – that's an immediate downside and a security loophole. I never saw any licenses from them, by the way. Next is the platform. Some kind of misery, not a terminal. If you compare it with the most popular software, MetaTrader, it's simply night and day. The terminal is a disgrace that doesn't even make up 1% of MetaTrader. Deposits and withdrawals are made through a submitted application, and their manager should contact you. Nonsense! So far, I haven't seen anything normal.
RGN Financial Planning Ltd are fraudsters... there are no advantages, and there cannot be any. They just know how to speak beautifully. Think, consult before investing any amount of money; they pressure you to invest more and more, and when you disagree, they say to close the account, and you cannot withdraw the money you deposited. First, they show, for example, that none of the 10-12 trades were in the negative, as if showing you can withdraw a couple of euros. They show how to withdraw up to €20, no more, and say: what's the problem. Let's deposit... In short, they work a lot with psychology; RGN Financial Planning Ltd sends motivational videos and so on. There are all the screenshots of the transfers and screen recordings of how they lie. Then you are to blame because you didn't pass verification to withdraw money... but it's too late now. A large sum of money is gone, and I can't get it back, but at least other people won't get into this situation.
Recently, a friend asked me for advice about RGN Financial Planning Ltd. I went to the site, by the way, and found almost no information about this company on the internet, which immediately raised suspicions. The official site seemed painfully familiar. The other day I was already looking at one company that I accidentally came across; it was the Nicholson Financial Service broker. I advise you to google and find their site, and then compare how they differ (hint – they don't). What is this if not fraud?