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Rentalzi Review | Is This Company a Scam or you can trust it with your money?

by Kevin Berry
Rating: 
  1.3/5   Reviews: 3
Rentalzi - logo

In this Rentalzi review, you will find the answer to whether the company is fraudulent or if you can trust it with your money. I can answer right away – yes, this is an illegal broker, so you will also learn why you should not risk your money, what red flags the company has, and why it cannot be called safe.

Highlights

🏛️ Country Hong Kong
⚠️ Regulation
🖥️ Website https://rentalzi.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $1,500
⚖️ Minimum and Maximum Leverage 1:200
⚙️ Trading Platform WebTrader
📨 E-mail info@rentalzi.com
📞 Phone +18007953704

First Impression of Rentalzi.com

Thanks to the official website, users can learn a lot of useful and key information about the broker, such as trading conditions, facts of activity, advantages, and others. Therefore, everything starts with the rentalzi.com review, as this is the first thing any customer encounters when considering a broker for trading.

Rentalzi - site

So, the broker lists its legal address in Hong Kong, which is a rather rare jurisdiction for registering a brokerage business. However, no registration numbers or links to the official registry are provided. Information about licenses obtained is also not provided, but I will explore this issue closer to the end of the exposé.

Contact details, links to social networks, and trading conditions, such as account types, leverage, minimum deposit, and platform, are indicated. Additionally, an FAQ, additional tools, and major legal documents, such as terms & conditions, AML & KYC policies, privacy policy, and others are available.

It may seem that Rentalzi has created a quality website, but this is only at first glance. The founding date is not specified, as is the business model. Trading conditions are also not fully disclosed. Moreover, the firm has not shared information about its management and managers, who these people are, and whether they have accounts on social networks.

Regarding graphic design, the website looks average. The use of clichéd phrases, familiar images, and a ready-made template is noticeable. Thus, it is not possible to call the site high-quality, or the company professional and serious.

Partnership and Bonuses

The broker offers bonuses to its clients, but according to the description on the official website, they are only available to VIP members, which requires a minimum deposit of $100,000. An affiliate program is also offered, but details about it can only be learned at the moment of registration, and its terms are not even disclosed.

Account Opening on Rentalzi.com

To start trading, one must have an account. The process of creating a personal cabinet is lengthy, which may deter potential clients, and this is a good thing. It is necessary to provide not only contact information and a password but also a full residential address. I see no reason for this, as the address can be added at the time of identity verification. Why complicate the registration process?

Users also need to specify a promo code (if any) and the account currency (USD or EUR). Additionally, they can opt-in to receive notifications and news, as well as agree to legal documents. The company does not accept U.S. citizens, which should also be considered.

Registration

The input of a huge amount of text was in vain, as it was not possible to create a cabinet. The system issued an error: “Speak with our customer service to get help”. That is, to register a personal account, one must go and speak with the company’s managers.

Registration error

Obviously, this is the hallmark of a fraudulent company. As statistics show, only illegal brokers do not allow you to freely register a personal cabinet, requiring clients to contact customer service. Why? I suspect that it is necessary to recruit traders, to later extract as much money from them as possible.

Moreover, not only can you not register quickly, but there is also no demo account available. It is not even possible to try the service and platform with virtual money.

Verification

I cannot say how convenient the verification procedure is, but it is known that KYC is a mandatory part of working with the company. There is a document dedicated to the KYC policy on the official website, which clients can study to understand why it is necessary and what documents are required.

Overall, the verification procedure is the same as in any other brokerage organization. However, I would still advise against uploading documents and providing personal information without thoroughly checking the platform. Since the Rentalzi review is dedicated to exposing the broker, it is clear that sending documents here is not safe, as they could end up in the wrong hands.

Pros
  • Verification is a mandatory process.
Cons
  • Can’t check the convenience and speed of uploading documents and going through KYC.

Trading Software

Since it is not possible to get inside because registration is impossible, one cannot see what the platform looks like. The only thing left to do is to believe the description posted on the official website.

It immediately raises a question. Have the creators of Rentalzi ever traded on Forex? Why are screenshots of a platform intended for trading binary options, but not margin CFD trading, attached to the homepage of the website? The data on binary options includes expiration dates, potential profitability in case of a win, and the general interface of the terminal. Can the company not distinguish binary options from CFDs with leverage?

Platform

There is no proper and comprehensive description of features. The broker only mentions advanced charting tools, rapid order execution, and versions for mobile phones and Linux. However, to download the platform or access WebTrader, one must have a personal account. I even doubt that the terminal truly has separate mobile apps and computer programs, but we must take their word for it.

Features Rentalzi Resolve Money LTD SafetyTrades
Demo Account ✔️
Mobile App ✔️
Own Development

How Can I Trade With Rentalzi?

Now let’s move on to the trading conditions, which will also tell us a lot of interesting things about the platform and its shortcomings. First and foremost, it should be noted that only CFDs are available here, with more than 1,500 instruments. These are not real assets, so traders cannot buy, for example, a Google stock and transfer it to another brokerage company.

All Info About Accounts

An important point in the Rentalzi review is the examination of tariff plans, from which it can be said that the company definitely extracts money from clients. The broker offers a range of packages, with seven options, and the better the tariff, the more services are included but also the higher the minimum amount required for activation. Thus, the platform artificially creates a necessity to deposit larger sums, as services and capabilities are limited on less expensive tariffs.

Account types

The minimum deposit is huge – $1,500, and without funding the balance, it is impossible to try out the terminal’s capabilities, as there is no demo account. There is an Islamic tariff available, but it is only accessible to those who can afford at least $10,000, although such a feature should be available to everyone without exception.

Volumes from 0.01 lots, support, and leverage of 1:200 – only these options are available to those who can only open the first type of account. Want more services? Deposit more money. Rentalzi offers more on the more expensive tariffs:

  • Educational tools.
  • Live signals.
  • Personalized account.
  • Individual charts and personal-oriented analytics.
  • Development of a personal trading strategy.
  • Individual direct communication line.
  • Accelerated withdrawal of funds.

The size of the commissions is not specified, only characterized as low. Spreads are also not indicated, not even their type. Therefore, it cannot be said that trading conditions are favorable and comfortable.

Pros
  • Volumes from 0.01 lots.
Cons
  • $1,500 is a very high minimum deposit.
  • Commissions are unknown.
  • There are almost no additional services on the first tariffs.
  • Demo is absent.
  • Islamic account only for deposits of $10,000 or more.

Market Analysis and Education With Rentalzi.com

The only thing that might seem like a positive factor here is the additional tools. The website provides an economic calendar, futures expiration dates, e-books, the latest news, world exchange trading hours, technical analysis, and even training courses on various topics, such as trading basics, economics, ECN, or Social Trading.

Deposit, Withdrawal, and Fees

Deposits and withdrawals can be made in several ways: credit/debit cards, bank wire transfers, and cryptocurrency. There are no commissions for depositing funds, but nothing is known about withdrawal fees. Additionally, the broker processes withdrawal requests within 1 to 5 business days. It is unclear how this actually works, but it seems excessively long.

Features Rentalzi PowerStox Geetle
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️ ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

In the footer of the Rentalzi website, you can find links to social networks (Facebook, YouTube, and Instagram). Oddly, posts are released in French on Instagram, although the site is only in English. Furthermore, the images are clearly generated by artificial intelligence, so taking such an approach seriously is not advisable. On YouTube, there are almost 4,000 subscribers, but this is only at first glance. The view count does not exceed 20, which suggests fake subscribers.

You can contact the managers by phone, email, online chat, or through a special feedback form on the site. However, online chat is not what you would typically expect. Instead of real-time interaction with a staff member, it is a standard feedback form where the user fills in details and asks a question, and the system responds that someone will contact them soon.

Checking the contact details revealed nothing, so there is nothing to say about that.

Pros
  • Social media accounts are maintained.
  • There is a phone and email.
Cons
  • Online chat is set up as a feedback form.

Is Rentalzi Dangerous?

Can the company confidently be called fraudulent at this stage? Yes. The trading conditions definitely look suspicious, and the registration error even more so. However, let’s continue the Rentalzi review to explore the duration of operation and licenses, and then a final verdict can be issued.

How Long Does The Broker Work?

To find out the founding date of a company, if it is not stated on the website, you can look at the date of domain registration and the creation of social media accounts. The accounts began in 2023, while the domain was registered in 2020 but updated also in 2023.

Domain

The WebArchive contains no snapshots from 2020, 2021, and 2022, only from 2023 and 2024. Therefore, it is very likely that the firm only began operating in 2023.

How Is Rentalzi Regulated?

According to information from the official site, the firm is based in Hong Kong, where it also should have obtained a license. However, such a broker is not listed with Hong Kong’s SFC, which means its operations are illegal.

Rentalzi - SFC Hong Kong

Features Rentalzi XFortunes Global Prime PTE LTD
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

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Rentalzi rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Rentalzi

ASUSSROG March 18, 2024 - 04:13
It looks suspicious and questionable!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

On the one hand, the company is registered in Hong Kong, but on the other hand, it oddly lacks licenses. I see no mention of them on the official site, although there should be. The high minimum deposit is also puzzling, but perhaps the intermediary is aimed at premium traders? In short, it’s a very dubious organization.

Reply
Scotty April 5, 2024 - 17:04
A lot of red flags
The level of trust

Illegal activities, fake positive reviews, some ridiculous trading conditions—indeed, they have nothing that could be called positive features.
I don’t understand how people fall for this. It is clearly a scam. And I feel sorry for those who gave their money to the scammers, as it is lost with no possibility of retrieval.

Reply
Triumph Jason April 24, 2024 - 09:46
I stopped in time and didn't get caught up in the fraud
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Thank you for the review of Rentalzi. I was considering starting to trade here, but decided against it in time. I almost called the support manager to find out how to register an account but stopped myself. I suspected that a reliable company would not engage in such nonsense, and this turned out to be true. Scammers try to steal money from people using a fake brokerage platform, so under no circumstances should you trust these fraudsters or transfer funds.

Reply

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