Overall Score35 / 100The Wikilix trust rating of RMS TRADE, out of 100, built from the five factors below.It holds no valid licence.Regulation0%Identity68%Client terms57%Trading offer50%Service44%Score last calculated 2026/10/26
Trading Conditions
Min Deposit:
N/A
Max Leverage:
N/A
Account Types
N/A
Official website
rmstrade.online
Online · checked Sep 10, 2026
Funding Methods
8 methods
Credit/Debit Cards (Visa, Mastercard, American Express, Diners Club)
High risk35 to 49. Serious gaps in regulation, client terms or conduct; the record points to real risk for a deposit.Why: It holds no valid licence.
35 out of 100 · 55% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.
Do not trust
High risk
Fair
Good
Excellent
It holds no valid licence.
We checked RMS TRADE on 2026-10-26 across its regulation, company record, client terms, trading offer and service, and could verify 55% of its record. It holds no valid licence: every licence we knew of has ended or could not be found on its register. The score of 35 is what the checked record adds up to; nothing held it down. What would move the score: verified age, transparency, policy risk. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.
Score last calculated 2026/10/26
Regulation
Is someone watching them?
0out of 100
Poor
Counts for 35% of the score100% checked
What we checked
Best licence in force0
ASIC 414530 not found on the register · Aug 17, 2026
FCA 684312 not found on the register · Aug 17, 2026
CySEC 388/20 not found on the register · Aug 17, 2026
+4 more
Regulator protections0
No regulator in force to protect clients
Licence held by the onboarding entity0
No licence in force to hold
Extra licences in force0
No licence in force
What this measures
Whether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
Identity
Who is behind it, and for how long?
68out of 100
Good
Counts for 15% of the score81% checked
What we checked
Registry-verified entity50
1 entity(ies) recorded with a registration number
Verified age100
Oldest registered entity established 2010-10-27
Transparency50
2 of 4 transparency checks met (entity, address, complaints, ownership)
Site integrity100
Website reachable and not redirecting · Sep 10, 2026Source
What this measures
Who is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
Client terms
Are the client terms fair?
57out of 100
Fair
Counts for 15% of the score20% checked
What we checked
Policy riskNot checked yet
No published policy review
Critical clausesNot checked yet
No published policy review
Withdrawal rails85
11 rail(s): 10 fee-free of 11 known, 8 instant of 11 known, minimum $0 · Dec 30, 2025
Language parityNot checked yet
No published policy review
What this measures
How fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
Trading offer
What does trading cost, and is it disclosed?
50out of 100
Fair
Counts for 20% of the score0% checked
What we checked
All-in EURUSD costNot checked yet
No EURUSD spread known
Pricing disclosed per account typeNot checked yet
No account types recorded
Instrument breadthNot checked yet
No instrument counts known
PlatformsNot checked yet
No trading platform recorded
Leverage vs regulated capNot checked yet
Maximum leverage unknown
Minimum depositNot checked yet
Minimum deposit unknown
What this measures
What trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
Service
How do they treat clients?
44out of 100
Poor
Counts for 15% of the score35% checked
What we checked
Fund-integrity complaintsNot checked yet
No published scam check
Support channels33
2 of 6 support checks (phone, email, 24/7 chat, 2+ languages, messenger, complaints email) · Aug 17, 2026
Reputation footprintNot checked yet
No published scam check
WIKILIX communityNot checked yet
0 approved review(s), fewer than 10
What this measures
How clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
What Wikilix has recorded about RMS TRADE: its history, the licences it holds, its trading conditions and its fees.
What RMS TRADE actually is
RMS TRADE is presented as an Australian forex brand operating under the company name Pepperstone Group Limited. WIKILIX re-examined that claim in August 2026 and could not stand any part of it up. The identity does not hold together, and readers should treat this profile as a warning rather than a broker listing.
Regulation: no licence this operator holds
Seven regulatory licences were previously attached to this brand, covering Australia, the United Kingdom, Cyprus, Germany, Dubai, Kenya and the Bahamas. Every one of those numbers belongs to an unrelated, genuinely authorised firm. The Australian licence number in particular has been confirmed as a clone-firm claim: the number is real, the licensee is real, and neither has anything to do with the operator using this brand. WIKILIX has marked all seven as unverified clone-firm claims and has flagged them for removal from this record. There is no evidence of any forex authorisation held by this operator, in any jurisdiction.
The company name is used without any visible connection to it
Pepperstone Group Limited is a genuine Australian public company, registered as ACN 147 055 703 and recorded as active from 27 October 2010 on the Australian Business Register. That company is a licensed Australian broker in its own right. Nothing we found connects it to the website this brand publishes, and the brand appears to be borrowing the name.
The website is not a trading site
The website on record for this brand, , is live, but it is not a forex or CFD business at all. It advertises a business-to-business Indian fintech platform for mobile and DTH recharges, utility bill payments and domestic money transfer, with a retailer and distributor network. Its terms are governed by the laws of India, with disputes heard in Bangalore, Karnataka, and its published contact details are an Indian mobile number, an Indian toll-free number and an . There is no account opening, no trading platform, no spreads or leverage, no client funding page and no restricted-country policy for trading clients anywhere on it.
The rm-fx.com address previously carried on record for this brand no longer resolves at all.
Trading conditions, platforms and funding
No trading conditions, account tiers, platforms or client funding channels could be verified, because nothing available for this brand publishes any. Payment channels shown on this profile come from older records and are not supported by anything published today; treat them as unconfirmed.
Who this suits
Nobody looking to trade. A brand that advertises another company's name and another company's licences, and whose only live website sells an unrelated domestic payments product, offers no route to recover money and no supervisor to complain to. Anyone who has deposited funds with an entity using this name should stop sending money and seek advice in their own jurisdiction. Anyone looking for an Australian regulated broker should deal with the licensed firm directly through its own website, and should confirm any licence number against the regulator's own register before depositing.
None of the registrations on record for RMS TRADE could be confirmed as a trading licence. Read each licence's record before treating any of them as regulation.
7 of 7 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
7
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
0
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
0
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
1
WIKILIX
Licence intelligence
The strongest of 7 licences on file
Licence Verification Record
Australia Securities & Investment Commission414530
Wikilix read the ASIC register on Aug 17, 2026. This is what it said.
Jurisdiction
Australia
Authority strength
Tier 1
Licence type
Retail Forex License
Register status
Clone-firm claim, not held by this operator
Not found on register
Checked Aug 17, 2026
What our check found
The Australian licence number quoted for this brand belongs to an unrelated, genuinely licensed Australian company. WIKILIX found no evidence that the operator behind this brand holds it, and the claim has been confirmed as a clone-firm claim.
Client protection under this licence
No compensation schemeNo mandatory insurance (but strict fund segregation)
Negative balance protection
Complaints routeAFCA
Maximum leverage1:28
These are the rules ASIC sets for the firms it licenses. They are not a statement about how RMS TRADE applies them, or about which of its companies would hold your account.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
11 ways to fund an account. 11 with no deposit fee. 8 credit instantly.
11 methods
Method
Deposit fee
Withdrawal fee
Min deposit
Withdrawal min / max
Processing
Credit/Debit Cards (Visa, Mastercard, American Express, Diners Club)Credit CardWithdrawals may take 1–3 business days; ensure card issuer supports online transactions; includes Visa, Mastercard, American Express, Diners Club.
Free
Free
—Not recorded
—Not recorded/USD 50,000
Instant
Bank Wire TransfersBank TransferInternational bank transfers may incur approx. $20 fees; processing times vary by bank and location.
Free
USD 20
—Not recorded
USD 80/USD 50,000
Up to 3 days
E-wallets (PayPal, Skrill, Neteller, UnionPay, MPESA)E-WalletAvailability varies by region; ensure e-wallet service supported in your country.
Free
Free
—Not recorded
—Not recorded/USD 50,000
Instant
Local Payment Methods (POLi, BPay, MPESA)OtherProcessing times and availability vary by method and region.
Free
Free
—Not recorded
—Not recorded/USD 50,000
Instant
Cryptocurrency (USDT-TRC20, USDT-ERC20, USDT-BEP20)CryptocurrencyAvailability may vary; ensure cryptocurrency transactions permitted in your jurisdiction.
Free
Free
—Not recorded
—Not recorded/USD 50,000
Instant
Apple Pay and Google PayE-WalletAvailability and processing times vary by method and region.
MPESA (Kenya Only)OtherAvailable only to Kenyan clients.
Free
Free
—Not recorded
—Not recorded/KES 50,000
Up to 1 day
FasapayE-WalletEnsure Fasapay is available in your country.
Free
Free
—Not recorded
—Not recorded/USD 50,000
Instant
UnionPay (China Only)OtherAvailable only to Chinese clients.
Free
Free
—Not recorded
—Not recorded/CNY 50,000
Instant
Broker's notes on these methods
1Available only to Australian clients. · applies to 2 methods
Social channels
Social Presence
One official channel on record.
1 channel
Legal entities
Corporate Network
One legal entity behind the RMS TRADE brand.
1 entity
Pepperstone Group LimitedActiveAustralia·Registration ACN 147 055 703·Established Oct 27, 2010Australian public company recorded as active from 27 October 2010 on the Australian Business Register. It is named as the company behind this brand, but WIKILIX research found no link between it and the website this brand operates: the entity is an unrelated, genuinely licensed Australian firm and the name appears to be used without authority.
Peer comparison
Brokers worth comparing
2 other brokers on the record share what RMS TRADE offers — its country, regulator, account types or platforms — set beside it on the same measures.
This recordAustralia · since 2010· Pepperstone Group LimitedWikilix score 35.0RegulationSuspicious CloneASICMax leverage—Not recordedPlatforms—Not recordedLicences7
Pepperstone Group Limited offers a wide range of regulated financial instruments including Forex, stocks, options, derivatives, commodities, futures, bonds, funds, securities, and CFDs. The exact instruments available may depend on the regulatory jurisdiction and account type.
Pepperstone Group Limited offers leverage up to 30:1 depending on the regulatory jurisdiction. For example, ASIC limits leverage to 28:1, FCA and CySEC allow up to 30:1, while the Dubai Financial Services Authority permits leverage up to 150:1. Leverage availability may vary by region and instrument.
RMS TRADE supports various funding methods including credit/debit cards, bank wire transfers, e-wallets like PayPal and Skrill, local payment methods such as POLi and MPESA, cryptocurrency (USDT on TRC20, ERC20, BEP20), and mobile payments like Apple Pay and Google Pay. Deposit processing is generally instant, while withdrawals may take 1 to 3 business days depending on the method.
Pepperstone Group Limited, operating as RMS TRADE, is regulated by several authorities including ASIC in Australia and FCA in the UK. These regulators are onshore and tier 1, providing high transparency and client fund segregation. However, there is no mandatory client fund insurance under ASIC, while FCA offers protection up to £85,000.
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