RCB

Rpy Sundram

1-2 years

How do RCB’s overnight financing costs stack up against those of other brokers?

WikiFX Reply

After a thorough review of RCB’s background and current status, I must state that evaluating their overnight financing costs—or any trading conditions—is effectively impossible at this time. My experience as a trader has taught me that regulatory status and transparency are essential foundations for assessing key aspects like swap rates. In RCB’s case, not only are they completely unregulated, but they have also officially ceased all financial and brokerage operations. Their website confirms the closure and withdrawal from all investment and banking services, which means there are no active trading platforms, instruments, or customer support channels. From my perspective, any historical information about RCB’s previous overnight financing costs is irrelevant today since the broker no longer provides any services to clients. Comparing RCB to active, regulated brokers—whose financing costs can be systematically evaluated—is, therefore, not applicable. For those seeking reliable overnight financing terms, I strongly recommend focusing only on brokers that are properly licensed and operational. Risk management, transparency, and the ability to access clear cost structures are simply not possible with entities like RCB at this stage. For me, the absence of valid regulation and the official shutdown make RCB a non-option; I wouldn’t consider them for trading, let alone for competitive financing rates.

Broker Issues

RCB

Fees and Spreads

09-08

United States

Moshiheya

1-2 years

Does RCB apply any fees when you deposit or withdraw funds?

WikiFX Reply

Speaking as an experienced trader, I need to emphasize that RCB no longer provides any form of banking or trading services, including deposit or withdrawal functionality. The closure announcement on their official website clearly states that the bank has ceased all financial operations and no longer offers investment or banking activities. In practical terms, this means there are currently no deposit or withdrawal methods, so the question of whether any fees apply is now irrelevant. Back when RCB was operational, details about transaction fees would have been an important consideration for me—unexplained charges or non-transparent fee structures are clear warning signs and can significantly affect trading performance. However, given that RCB is not regulated and has officially stopped its financial activities, even attempting to interact with this entity carries extremely high risk. To protect my capital and personal information, I would personally avoid any involvement until there is legitimate, up-to-date regulatory oversight and clear public documentation of all client terms, including fees. My priority is always to seek out brokers with full transparency and active, verifiable regulation.

Broker Issues

RCB

Withdrawal

Deposit

08-12

United States

Tricia54

1-2 years

Does RCB charge a commission for each lot traded on their ECN or raw spread accounts?

WikiFX Reply

After carefully researching RCB, I can say with confidence that it is not possible to determine any commission structure for ECN or raw spread accounts, simply because RCB no longer provides any financial or trading services. From my perspective as a forex trader, it is critical to confirm that a broker is both active and properly regulated before even considering their fee schedules or trading conditions. In RCB’s case, the most relevant fact is that the company, despite its previous presence in the Cyprus market, has officially ceased all services. Their website contains a notice about the termination of financial operations, and there are no trading platforms, products, or support tools currently available. Even during its active period, RCB’s lack of a CySEC or any recognized international brokerage license already represented a major red flag for me regarding safety and transparency. Without regulation, there’s no robust investor protection or oversight of trading terms—another reason I would approach any offerings, including potential commission models, with caution. Ultimately, since RCB is not operational, they do not charge commissions for any type of trading account, ECN or otherwise. For my own safety and peace of mind, I only consider brokers that are both fully regulated and demonstrably active in the market.

Broker Issues

RCB

Fees and Spreads

08-11

United States

tabawan_dreamer

1-2 years

Is RCB overseen by regulators, and if so, which financial authorities are responsible for its regulation?

WikiFX Reply

Based on my own experience and a careful review of the available facts, I can say that RCB is not overseen by any recognized regulatory authority. Although the company has a long history and is registered in Cyprus, it does not hold a license from CySEC or any other major international financial regulator. In my career, I have learned that regulatory oversight is not just a formality—it’s a critical foundation for trader protection, dispute resolution, and overall trust. Without regulation, there are no industry safeguards to ensure fair practices or compensation in the event of broker mismanagement or insolvency. From what I’ve seen, any financial entity lacking valid, transparent supervision introduces a much higher degree of risk for investors. This caution is doubly important here: not only does RCB lack regulation, but as of now, it has publicly ceased all banking and investment operations. As a trader, I would not consider entrusting funds or personal data to a company in this situation. For me, the “why” is straightforward: regulatory status isn’t just about legal requirements—it’s about risk management and confidence in every transaction. When a broker has no oversight at all, I simply move on and look for one that does.

Broker Issues

RCB

Regulation

07-17

United States