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Yousef47
Within 1 year

Can you highlight the main advantages of RGL in terms of its available trading instruments and how its fees are structured?

Broker Issues
RGL
Regulation
03-04
United States
WikiFX
Reply

Based on my careful review of RGL, I must clarify that, in my experience as a forex trader, this company does not actually offer forex trading or the typical range of financial trading instruments found with regulated brokers. Instead, RGL primarily functions as an internet service and IT solutions provider, with its services focusing on cloud solutions, data security, and connectivity rather than on any traditional trading assets such as forex, indices, or commodities. When examining the fee structure, what stands out is that RGL's charges are centered around internet bandwidth packages, expressed in Mbps and billed monthly in Bangladeshi Taka. These are service fees for internet provision, rather than trading commissions, spreads, or swaps. For example, the costs range from TK. 500 per month for 5 Mbps up to TK. 4,500 per month for 100 Mbps. There are no outlined trading fees because, simply put, there are no trading services on offer. Given the lack of regulatory oversight and clarity about any relevant trading platforms, I would be extremely cautious about associating RGL with forex trading or investment activities. For me, as someone who values transparency and proper oversight in financial services, RGL does not meet even the basic criteria for a legitimate brokerage. Any perceived "advantages" are therefore not relevant in a trading context, and I do not recommend it for any financial trading purposes.

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