RainBow's Official Website Cannot Be Accessed Properly At The Moment. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Purposes Only.
2022-06-08 We Have Confirmed Upon Review That RainBow Is An Unregulated FX Dealer
RainBow Claims To Be A Reliable FX Dealer, But Does Not Provide Any Regulatory Details. The Lack Of Such Important Information May Be Characteristic Of Unlicensed Dealers, As Regulated Dealers Always Display Their Certifications And Operating Licenses In A Prominent Position. This Is A Red Flag.
According To Its Company Name, RainBow Capital (HK) Limited, We Speculate That The Dealer May Be Located In Hong Kong. We Did Find A Match With The Dealer On The Hong Kong Securities And Futures Commission (SFC). However, The Dealer's Regulated Activities Only Include Dealing With Securities And Advising On Corporate Financing. That Is, RainBow Is Providing Foreign Exchange Services In Hong Kong Without Authorization.
Since RainBow's Foreign Exchange Activities Are Not Regulated By Any Regulatory Authority, It Is Not Safe For This Dealer To Hold Or Control Investor Funds, And Investors Cannot Be Protected By Any Laws. It Is A Fake Dealer.
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That RainBow Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: RainBow As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
