Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
In most cases, we discuss brokers whom we consider dishonest. Today, we present to you the Rigel Capital Partners Limited review, where we uncover why this company cannot be trusted. Although the project owners claim otherwise, we are ready to prove our point of view. Details can be found in our stuff below.
The initial encounter with the company’s website is surprising. The Home page is simply “brilliant”: it features an unclear banner, a list of accounts, a couple of reviews, and market news. Never before has a broker’s presentation been so comprehensive – it immediately becomes clear to the visitor that Rigel Capital Partners Limited is nothing significant.
Other pages on rigelcapitalpartnersltd.com are no better. To begin with, they were forgotten to be designed, displaying only textual data. Even looking at them is boring. Moreover, reading them is also uninteresting, as there is no valuable information in these pieces. For example:
In short, the company’s official website is utterly useless. Its content does not meet the requirements of reputable regulators (for example, it lacks complete information about the services provided, registration and license of the company, and its financial statements). Should you trust the information on its pages in such a case? We think not.
The contacts page on the Rigel Capital Partners Limited website is done in the best traditions. It includes:
However, despite the phone number provided on the page, we were unable to reach them by phone. At the same time, the broker does not offer an online chat for quick issue resolution. Users have to submit requests through the website form or via email, and the responses are often slow in coming.
There are also issues with the social media links. All the links posted by the broker do not lead to the company’s accounts on social networks but rather back to the contacts page. Such an approach suggests an attempt to mislead users by indicating the presence of groups and channels.
As we have already noted, there are no trading conditions on the official website’s Trading Conditions page. Instead, the broker extensively talks about the operating hours of stock exchanges. There are no contract specifications even on the pages in the Products section. The only way to find at least some of the essential information for traders is to study the table with account types.
Here, Rigel Capital Partners Limited provides the minimum deposit size for each of the tariffs and maximum leverage. Options also mention spreads and swaps. However, the company decided to do without numerical values and provides them in the format of “standard,” “medium,” “low.” We would really like to know what spreads the broker considers standard: 20 pips or 1 pip. The same question arises regarding swaps: is 10% or 0.1% considered a standard fee for position rollover, for example, in the EURUSD pair?
In short, once again, we encounter the fact that site owners, in violation of regulatory requirements, conceal critically important information from traders. This can negatively affect their trading results and lead to losses instead of profits.
Overall, Rigel Capital Partners Limited offers clients 5 tariff plans:
If you carefully examine this offer, it is evident that the broker does not consider regulatory requirements at all. For example, as the deposit size increases, the leverage increases, leading to increased risks for the client. However, the company may only welcome an increase in the likelihood of a user losing funds with a substantial amount in the account since it acts as a counterparty to all transactions.
Bonuses are also distributed on accounts starting from Gold, violating regulatory requirements. Most reputable organizations prohibit their use, yet the owners of the platform ignore this prohibition.
Attention should also be paid to the guaranteed monthly ROI for Gold and higher tariffs. It ranges from 9-15% (98-180% annually), which is very high. However, nothing is said about the origin of the funds or the guarantees of payment.
Judging by the data on the website, the company is located in London (at least, in the contacts section, it provides a London address and a British phone number). According to the Companies House database, there is information about a firm whose name matches the name of the trading platform 100%. It was founded in 2014 and is engaged in financial intermediation.
However, we are confident that the broker has no relation to this company and is only using its name as a cover. We have enough reasons for this:
The company completely conceals the date of its establishment and the most important information from its history. According to the whois service, the domain rigelcapitalpartnersltd.com was registered on January 17, 2024.
Thus, instead of a broker, we are dealing with a no-name entity (the name of the company used for cover cannot be considered its real name) with a lifespan of just over 3 months. And you want to entrust your money to this?
Then let’s also consider that registering independently with the broker is not possible. To control client deposits, they came up with a new feature – the Registration Code. Can you guess where to get it? That’s right, only from the company’s representatives. And under what conditions? You need to prove that you are willing to deposit a minimum of £5,000. Isn’t everything transparent and safe, right?
Even though the company claims to have been in the market for a long time, the reviews about it confirm that this is nonsense. First of all, there are very few reviews. Practically no one has heard of this broker, and it definitely did not operate before 2024. Secondly, the first negative reviews are already starting to appear online. It seems that the company does not intend to operate either honestly or for a long time.
Thus, in the Rigel Capital Partners Limited review, we have proven that it is not worth dealing with this broker. It lacks registration and a license, it covers its illegal activities under the name of a real company, and it does not comply with regulatory orders. On such a platform, you can only lose all your invested money. To prevent this from happening, we do not recommend depositing funds here.
Can’t a young broker be reliable? Does a broker need to operate for several years to be trustworthy?