RCM Deposit & Withdrawal

When we at FXCanary set out to assess RCM (Radhika Capital Markets Ltd), the funding picture quickly became the most telling part of the broker's public record. The company is registered in Mauritius at Level 6, Ken Lee Building, 20 Edith Cavell Street, Port Louis 11302, and was founded in February 2025. On paper, it presents a standard multi-tier account structure, but the real-world experience of depositing and withdrawing money—as reported by users on Trustpilot—paints a far more troubling picture.

Our analysis of the available user reviews found a stark contrast between the ease of depositing funds and the difficulty of getting them back. This pattern—where deposits are accepted without friction but withdrawals are delayed or blocked—is one of the classic warning signs we look for in our scam-risk assessments. With an FXCanary Scam Risk Score of 75/100 (Severe), the funding experience is a central reason for that rating. In this dedicated review, we dig into the deposit and withdrawal mechanics, the user complaints, and what they mean for your money.

RCM's official materials do not disclose the specific deposit or withdrawal methods available to clients. We looked for details on bank transfers, credit/debit cards, e-wallets, or cryptocurrency options, but the broker's public information is silent on this front. Similarly, there is no published information on processing times, fees, or minimum withdrawal amounts. This lack of transparency is itself a concern—reputable brokers typically provide clear, detailed funding pages.

What we do know is the account structure. RCM offers three account types: Standard, Pro, and Pro X. The Standard account carries 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 advertises a minimum spread of 0.0 pips. Notably, none of these accounts disclose a minimum deposit requirement, and commission structures are not published.

For a trader, this means you cannot plan your funding strategy with any certainty.

The most damning evidence against RCM comes from user reviews on Trustpilot, where the broker holds a low 3.1/5 rating based on just four reviews. Of the three withdrawal-related complaints we counted, two are negative and one is positive. The positive review is brief and enthusiastic: 'Amazing customer support and on time withdrawal😍'—a five-star endorsement that suggests at least one client had a smooth experience. However, the negative reviews are far more specific and alarming.

One user wrote: 'Sujit thanki bhai please maru withdrawl kri apo kram bhai 🙏 request che'—a plea in Gujarati that translates roughly to 'Brother, please process my withdrawal, I request you.' This is not a casual complaint; it reads like a desperate request for funds that have been withheld. Another review is even more direct: 'This Broker Is Scam Withdrawal not allowed.' These are concrete allegations of withdrawal refusal, and they align with the classic scam pattern we see in the industry.

In our experience investigating brokers, the most reliable red flag is a disconnect between how easy it is to deposit money and how hard it is to withdraw it. Scam operations often invest heavily in making deposits seamless—accepting credit cards, e-wallets, and even cryptocurrency—while erecting invisible barriers when you try to take your money out. These barriers can take the form of endless verification requests, 'technical issues,' or outright silence from support.

At RCM, we see this pattern emerging. The positive reviews mention quick deposits and even a successful withdrawal, but the negative reviews tell a different story. One user reported that an 'IB manager' (introducing broker) encouraged them to deposit via email, and after doing so, they lost their funds. The user claims the broker was aware of the IB's scam activity but did nothing. This is a serious allegation that suggests not only withdrawal problems but also potential complicity in fraudulent deposit schemes.

One of the most concerning reviews we found involves an IB manager who allegedly directed a client to deposit funds via email. The user wrote: 'This brocker ib manager say to deposit from mail and after that we lose our fund brocker alredy know that ib manager is do scammer but can't do anything not giving replay.' This is a two-part accusation: first, that the IB manager was running a scam, and second, that the broker was aware of it but failed to act.

If true, this suggests a systemic failure in RCM's oversight of its introducing brokers. IB managers are supposed to be vetted and monitored by the broker, and any legitimate operation would immediately sever ties with a fraudulent IB and assist affected clients. The fact that the user received no response from the broker is deeply troubling. It also raises questions about the security of the deposit process itself—no legitimate broker would ask a client to deposit funds via email, as that bypasses all normal payment channels and leaves no audit trail.

RCM's regulatory status is a major factor in our assessment. Our records show no verified license on file for Radhika Capital Markets Ltd. The company is registered in Mauritius, a jurisdiction that is home to many offshore brokers, but registration alone does not equal regulation. A legitimate broker must hold a license from a recognized financial authority, such as the Financial Services Commission (FSC) in Mauritius, and must be able to provide its license number for verification. RCM does not appear on any public register we could cross-check.

This lack of regulation has direct implications for fund safety. When a broker is unregulated, clients have no recourse to a financial ombudsman or compensation scheme if their funds are lost or frozen. In the event of a dispute, the client is essentially on their own. This is why we treat the absence of a verified license as a severe risk factor, and it compounds the withdrawal complaints we have documented.

Beyond the withdrawal complaints, the user reviews on Trustpilot are mixed but heavily skewed toward negative experiences. We counted two mentions of scam concerns, both negative. One is the 'withdrawal not allowed' review, and the other is the IB manager allegation. Both point to a broker that either cannot or will not protect its clients' funds.

On the positive side, there are two five-star reviews that praise the broker's customer support and execution speed. One reviewer wrote: 'A Truly Reliable And Fully Regulated Broker Where Funds Remain 100% Safe. Their Client Support is Extremely Quick And Professional. In Self-Trading, I Consistently Experience Zero Slippage And Superfast Tarde Execution, Making every Trade S...' This review is notable for its claim that the broker is 'fully regulated'—a claim we could not verify—and for its emphasis on zero slippage and fast execution. However, with only four reviews in total, the sample size is too small to draw any reliable conclusions about the broker's overall performance.

Customer support is another area where RCM's record is contradictory. We found two positive mentions of customer support, both from five-star reviews. One praised the support as 'extremely quick and professional,' while the other described it as 'amazing.' These are encouraging signs, but they are offset by the negative experience of the user who received no reply from the broker after reporting the IB manager scam.

This inconsistency is common among brokers with a small number of reviews—it may simply reflect the luck of the draw. Some clients may get a responsive support agent, while others are ignored. For a trader, this is a risk: if you encounter a problem with a withdrawal, you cannot be confident that support will help you resolve it. In our assessment, the positive reviews do not outweigh the negative evidence on funding reliability.

Given the severe risk score and the withdrawal complaints, our advice to any trader considering RCM is to exercise extreme caution. If you have already deposited funds and are facing withdrawal issues, document everything—keep copies of all communications, transaction records, and screenshots. Contact the broker's support in writing and demand a clear explanation. If you receive no response, consider reporting the broker to the Mauritius Financial Services Commission, even if the broker is not licensed, as they may still investigate complaints about entities operating from Mauritius.

For new traders, we strongly recommend avoiding depositing any funds with RCM until the withdrawal complaints are resolved and the broker obtains a verifiable license. If you must test the broker, deposit only an amount you can afford to lose, and never use funds that are essential for your living expenses. Remember the classic pattern: easy deposits, blocked withdrawals. RCM's user reviews suggest this pattern is already in play, and the lack of regulation means you have little protection if things go wrong.