RCM

RCM, operating under the legal name Radhika Capital Markets Ltd, is a forex and CFD broker registered in Mauritius. The company was founded on 8 February 2025 and lists its registered address at Level 6, Ken Lee Building, 20 Edith Cavell Street, Port Louis 11302, Mauritius.

The broker presents itself as a trading service provider offering multiple account types and leverage options. However, as of the time of this introduction, RCM does not hold any verified regulatory licence on file, and the company reports zero employees. Traders considering RCM should be aware of its unregulated status and the limited public track record given its recent establishment.

RCM is not listed with any major financial regulator, and no verified licence has been found in public registers. The broker's website may claim to be regulated, but without a verifiable licence number or registration with a recognised authority, traders cannot rely on regulatory oversight or investor protection schemes.

In Mauritius, financial services are typically overseen by the Financial Services Commission (FSC), but no evidence of such registration for RCM has been confirmed. The absence of regulation means that disputes over withdrawals or trading practices may be difficult to resolve through official channels.

RCM offers three account types tailored to different trading preferences: Standard, Pro, and Pro X. The Standard account provides a maximum leverage of 1:500 and a minimum spread from 3.0 pips. The Pro account offers a maximum leverage of 1:200 and a minimum spread from 2.5 pips. The Pro X account also has a maximum leverage of 1:200 but features a minimum spread of 0.0 pips.

Minimum deposit requirements and commission structures are not disclosed for any of the account types. This lack of transparency may make it difficult for traders to plan their initial investment and ongoing costs.

The specific tradable instruments offered by RCM are not disclosed in the available data. Typically, brokers in this category offer forex pairs, commodities, indices, and possibly cryptocurrencies, but traders should verify the instrument list directly with the broker.

Similarly, the trading platform(s) supported by RCM are not specified. Common platforms include MetaTrader 4 or 5, but without confirmation, traders should check with the broker for platform availability and features.

RCM does not publicly disclose its deposit or withdrawal methods. This lack of information is a significant drawback, as traders need to know how they can fund their accounts and access their profits.

User reviews have raised concerns about withdrawal reliability, with some reporting delays or refusals. While one reviewer praised on-time withdrawals, the negative experiences highlight potential risks. Traders should exercise caution and clarify all funding and withdrawal procedures before committing funds.

Positive reviews mention quick and professional customer support, with one reviewer describing it as 'amazing'. Another reviewer praised superfast trade execution and zero slippage. These aspects may appeal to active traders seeking responsive service.

However, the overall risk profile of RCM, including its unregulated status and the mixed user feedback, suggests that traders should approach with caution. The few positive testimonials are outweighed by serious allegations of withdrawal issues and potential scam activity.

RCM is a newly established broker with a limited operational history and no verified regulatory oversight. While some users report positive experiences, the negative reviews and lack of transparency around key trading details make it a high-risk choice for most traders.

Prospective clients should conduct thorough due diligence, consider alternative regulated brokers, and only invest funds they can afford to lose. The absence of regulatory protection means that any disputes may be difficult to resolve.