RubyFinance.Pro

RubyFinance.Pro is like many other illicit brokers. At first, you may think that it is very well put, but slowly after noticing some small and then gradually big things you will come to the realization that this broker is an utter scam. Read the review to find out more about the broker, and why it is ultimately a risk to all!

The main thing about the broker that must be known is that it claims to be registered in the Commonwealth of Dominica. However, this is a misleading piece of information because the Commonwealth of Dominica does not have an FX license issuer. Meaning that RubyFinance.Pro is not licensed there, no matter if it is registered locally or not. There is a huge difference between being registered and being regulated.

The terms and conditions on the other hand claim that Polish laws settle disputes. The only way that this could be true is if the broker was located in Poland and was abiding by the local regulation. But it isn't There is absolutely no solid proof that RubyFinance.Pro is even slightly affiliated to Poland in any shape or form.

Seeing that there is no further information concerning RubyFinance.Pro, we have no choice but to conclude that the broker does not hold a license from any entity, and is therefore illegal.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

We easily opened a trading account, but then the link to the web trader was broken. The account creation process was very simple and fast to complete. Afterward, we were asked to open a trading account, and after we did we expected to be able to access the web trader. But we were wrong. The link to the web platform was broker, leading us instead to an error page.

Adn thus, there is no trading area here. Clients cannot buy or sell assets, no matter what they are, nor can we get a spread. The leverages are also inapplicable. In fact, all the trading conditions are useless here. RubyFinance.Pro is not even a broker at this point.

RUBYFINANCE.PRO LOGIN

There is no trading platform here, as we already disclosed. What does this mean for RubyFinance.Pro?

Well for one, users cannot trade and therefore there are no applicable trading conditions.

But most importantly, without a trading platform RubyFinance.Pro cannot be called a broker, for one of the defining elements of any FX broker is indeed its terminal.

RUBYFINANCE.PRO MINIMUM DEPOSIT

All deposits are at a risk of being completely lost, with a very little chance of getting them back. Do not invest here!

According to the user area, the minimum deposit is $250.

Crypto wallets are the only way to invest. Reminder: crypto wallets are untraceable payment sources, and all deposits will be lost to some unknown holder.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

RUBYFINANCE.PRO WITHDRAW TIME AND FEES

Withdrawing from unregulated brokers is counterproductive to the broker. This way the entity losses money, and this is not good for the scammer. That's why the firm will halt all withdrawal requests.

From the user area, the only thing we learn about withdrawals is that they are processed within 24 hours.

The only thing we get from the site is that there are undisclosed fees, that the broker will include with each withdrawal.

There are no further details on withdrawals. And even if there were we would not trust them. Moreover, considering that deposits are transferred to unknown crypto wallets, we can be sure that they wont be seen any time soon.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

There is no turning back for RubyFinance.Pro. The broker is definitely a scam and a risk to all. Investments will be lost, and ID documents and other personal details will be used against the user in favor of the broker.