Rigel Capital Partners Limited Review: Is It a SCAM?

Rigel Capital Partners Limited promises simple & intuitive online trading. However, before opening an account here, hold on and read our review. Because besides verbal statements, we found obvious signs of a scam here. Fasten your seatbelts, we’re starting.

Rigel Capital Partners Limited General Information

Registration and Client Portal Review

The company’s official website doesn’t give off the impression that it was professionally designed to attract clients. In fact, it looks quite amateurish. Several factors contribute to this perception:

• There is a noticeable repetition of information from other pages on the homepage, suggesting a shortage of original content or ideas from the creators.
• Other pages on the website are quite mundane, comprising text-heavy content without any accompanying visuals or engaging elements, making them unappealing to navigate.

Furthermore, there is a glaring absence of information regarding Rigel Capital Partners Limited history, minimal legal documentation, and the website is exclusively available in English. These factors raise doubts about the legitimacy of the company’s claim to be an international broker.

Even the process of registering a new client with Rigel Capital Partners Limited seems deliberately designed to convince us that the broker operates outside the bounds of the law. Just take a look at the form that needs to be filled out. The fields require inputting:

• Full name.
• Contact details.
• Country of residence.
• Referral code.
• Registration code.

It’s worth noting that with legitimate brokers, there’s no need to input any codes during registration. Additionally, the closed registration process hints even further at the fraudulent nature of Rigel Capital Partners Limited. This is problematic because it suggests a lack of transparency and raises concerns about the security of clients’ personal information.

Rigel Capital Partners Limited Trading Conditions

It’s time to delve into the broker’s trading conditions. We’ll now attempt to answer the question: are they favorable?

Account Types Review

At Rigel Capital Partners Limited, they offer five different types of accounts, but here’s the catch: even their so-called “beginner” account doesn’t resemble anything close to a beginner-friendly option. To even consider opening this account, you’re required to make a hefty minimum deposit of £5,000. And what do you get for this substantial investment? Limited access to assets, standard spreads, swaps, and a leverage ratio of 1:20.

However, wait, it gets “better.” As you climb the ladder with higher deposits, supposedly more favorable conditions await. For example, with the Premium account requiring a minimum deposit of £150,000, you’ll finally gain access to all markets and assets, receive a customized leverage option, and even enjoy a ROI of approximately 12%.

This model is incredibly unfair, favoring the already wealthy traders while leaving newcomers with little to no advantage. Such a scheme not only creates an unlevel playing field but also discourages new entrants from participating in the market due to the exorbitant entry requirements.

Trading Platform

Despite not having access to the terminal ourselves, we are aware of the trading platform used by Rigel Capital Partners Limited. Essentially, the terminal is not developed by the broker. Instead, it is authored by Easy Technology. Consequently, by presenting it as their proprietary software, the company is deceiving traders.

The product by Easy Technology is well-known among traders, primarily for its shortcomings. Among the most significant of these are the lack of tools for developing and connecting software modules (indicators and advisors). Another issue is the potential for broker administration to interfere with quote flow.

Rigel Capital Partners Limited — Deposit and Withdrawal of Funds

The broker offers several deposit options, including SEPA bank transfers, VISA/MasterCard debit and credit cards, and Bitcoin. However, there is a lack of detailed information regarding transaction limits, fees, processing times, etc. This omission is concerning because it leaves traders in the dark about crucial financial aspects of their transactions. Without clear transparency on these matters, traders may face unexpected charges, delays, or other issues when depositing funds. Additionally, the inability to access more information within the Rigel Capital Partners Limited personal account further exacerbates this problem.

Verification

Despite the closed nature of registration at Rigel Capital Partners Limited, verification is still required. After registration, proceed to submit the necessary documents for verification. These documents include a government-issued ID (such as a passport or driver’s license), proof of address (such as a utility bill or bank statement), and potentially additional documents depending on the broker’s requirements.

Once the documents are submitted, the broker’s verification team will review them to ensure they meet the required standards. This process may take some time, ranging from a few days to a couple of weeks, depending on the broker’s internal procedures and workload.

Additional Options

Rigel Capital Partners Limited offers several additional services. Firstly, the existence of a referral code suggests the presence of a partnership program, although the detailed terms are not extensively described. Additionally, affluent traders are offered bonuses on their accounts. However, it is worth noting that such services are prohibited by all reputable international regulators. Furthermore, the broker also offers ROI (Return on Investment).

However, in reality, the broker has no right to guarantee any income, and it is unclear how the company generates these funds, especially considering the relatively high interest rates. If the company claims not to use clients’ funds for its own purposes, it raises questions about how it manages to earn enough to pay out ROI.

Is Rigel Capital Partners Limited a Scam?

It’s time for us to delve into one of the most critical aspects. Right now, we’ll show you why this broker is deceiving you.

Legal Information and License

So, judging by the broker’s contact details, we can conclude that it operates in the United Kingdom. We checked the registry for this state, and guess what we found there? The company with that name is indeed registered in the UK.

It has been operating since 2014 and remains active. However, we believe that the broker is simply using its name as a cover. In open sources, we found that its capital barely exceeds a few tens of thousands of euros. Moreover, the company’s staff consists of only one person. Additionally, all brokers should have a license from the FCA, and this one doesn’t. And finally, a legitimate firm has its own website, rigelcapital.co.uk. Thus, the entire legend of Rigel Capital Partners Limited is simply a fabrication.

Rigelcapitalpartnersltd.com Domain Info

The final step is to check the project’s time of existence online. The information obtained shows that the domain was registered only on January 17, 2024, and not in 2014 when the real company was created. It’s clear why Rigel Capital Partners Limited doesn’t share its history. Such a short period of operation is problematic because it raises doubts about the broker’s credibility and reliability. A short existence may indicate a lack of experience, stability, and trustworthiness.

Contacts Review

The broker offers email and phone numbers for communication, as well as an office address. However, regarding the office, it is certainly not real, as we have already established that Rigel Capital Partners Limited is not registered anywhere and is using another company’s name.

Pros and Cons

2.4 TOTAL SCORE

Rigel Capital Partners Limited Summary

Based on the thorough analysis conducted, it is evident that Rigel Capital Partners Limited cannot be trusted as a legitimate brokerage firm. Despite its claims and attempts to appear as a reputable entity, the company's facade quickly unravels upon closer inspection. It operates under a guise, using the identity and credentials of another registered company without consent or authorization. This deceptive practice alone raises significant red flags about the broker's integrity and intentions.

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Website information content 3

Client Portal 2

Trading conditions 2

Trading platform 3

Deposit and withdrawal 3

Verification 3

Extra options 3

Licenses and guarantees 1

Work duration 1

Feedback 3

Frequently Asked Questions (FAQ)