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Resolve Money LTD Review | They are here for all trading needs or to scam you?

by Kevin Berry
Rating: 
  1/5   Reviews: 1
Resolve Money LTD - logo

The review of Resolve Money LTD will reveal the true nature of a broker that offers fake brokerage services to swindle people out of their money. In other words, you are dealing with a scammer whose task is to attract as many victims as possible and steal their money. I will try to dissect the platform in detail, identify its red flags, and prove that the company operates illegally.

Highlights

🏛️ Country United Kingdom
⚠️ Regulation
🖥️ Website https://resolve-money.com/en
🎲 Demo Account No
⏳ Start Time 2024
💲 Minimum Deposit $100
⚖️ Minimum and Maximum Leverage 1:1000
⚙️ Trading Platform WebTrader
📨 E-mail support@resolvemoney.net, info@resolvemoney.net
📞 Phone +441615271080

First Impression of Resolve-money.com

Upon entering the official website, one can immediately see a bull in the background, as well as people monitoring charts on their screens. The main page lists what can be traded, the advantages clients of the company receive, and the services available. The website of Resolve Money LTD cannot be called outstanding or beautiful; it is rather a typical templated resource.

Resolve Money LTD - site

The main menu has been moved to the left side of the page instead of the standard top placement. Several languages are available besides English, including Russian and Polish. Now it is clear which audience the company is targeting.

Strangely, the main “about us” section is missing, so it is difficult to establish when the company was founded, what business model it operates under, and whether it has any licenses at all. This is a clear disadvantage that speaks to the lack of transparency on the platform. Overall, the review of resolve-money.com showed that the company is secretive and does not provide much important information.

Partnership and Bonuses

“Partnerships serve as the cornerstone for mutual financial achievements” – this is how the firm characterizes its collaboration with traders. The specific terms of the partnership program are unknown, but it is clear that the broker offers such an opportunity. Honestly, the description of partnerships appears to be generated by artificial intelligence, because the text lacks specific terms and details, making it meaningless.

According to all indications, bonus promotions are absent. Resolve Money LTD does not mention such an option, and I could not find any information about them on the official website.

Account Opening on Resolve-money.com

Well, the official site is clear, now onto the personal account. To access it, one needs to create an account. It is done quite simply.

Registration

As seen in the screenshot above, the user only needs to provide their name, contact details, country, promo code, and password. It is also necessary to agree to the terms and conditions and you can opt in to receive promotional information.

I recommend not providing your real personal data to prevent them from falling into fraudulent hands. It is better to use fake or disposable data. After all, Resolve Money LTD does not require email or phone verification for registration, which is a serious flaw in its security system.

The personal account interface is simple. The broker did not bother to create an advanced client portal, instead opting for a primitive solution.

Resolve Money LTD - personal cabinet

Clients have access to three main tabs:

  1. Profile. Personal information, password change, and verification.
  2. Trading. Opening a new account with choices of currency, leverage, and account type. Based on the only option available, the broker does not provide a demo account, which is another significant drawback.
  3. Finance. Depositing and withdrawing funds.

Additionally, the personal account is available in Russian and Polish, and not only in a dark theme but also in a light one. From the client portal, there is access to the trading terminal, and links to download desktop and mobile versions are absent, but more on the platform later.

Verification

The verification procedure at Resolve Money LTD is a mandatory process, and the system immediately suggests going through KYC upon first entering the personal account. Document upload takes place in the client portal, where the required documents are also described.

I will not go into detail about identity verification as this procedure is standard here. You need to provide proof of identity and residence, and the specific document can be viewed at the moment of indicating the file path on the computer.

Resolve Money LTD - KYC

Pros
  • Easy process for uploading documents.
Cons
  • The broker does not indicate how long it will take to verify the documents.

Trading Software

The platform at Resolve Money LTD does not resemble a professional and advanced terminal. Moreover, it is immediately apparent that it is a standard WebTrader without versions for Android/iOS, nor a desktop format. Many traders prefer to trade on a desktop platform because a webtrader often performs worse and has less functionality available.

Terminal

Overall, the platform is standard; in the center, there is a chart in the form of Japanese candles, bars, or a line, with several timeframes. To the left are financial instruments and a panel for creating a new order, new chart, indicators, objects of technical analysis, and trading bots. On the right is another panel, through which traders can save the workspace, an editor of indicators, bug reporting, chart settings, and shortcuts. Below is a general panel for orders, their history, notifications, messages, and bots.

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

How Can I Trade With Resolve Money LTD?

Clients have access to over 200 assets of various market classes: currency pairs, cryptocurrencies, metals, indices, stocks, and commodities. However, all instruments are presented only in CFD format, meaning traders do not have the option to buy, for example, Facebook stock and transfer it to another company.

The list of additional services depends on account types. Therefore, I will further review the tariff plans.

All Info About Accounts

Resolve Money LTD offers four trading accounts and one investment account:

  • Forex and cryptocurrency. The minimum deposit is $100. This includes only two services: daily news and a test period with a personal financial expert for 5 days. This is a rather sparse set of additional services.
  • Commodities – from $10,000. Contract trading, reduced fees, and access to weekly CME reports. The advantage of this tariff over the first is only in reduced commissions, which are not even specified. CME reports can be found on the official CME website, so paying for such a service is unwise, but the company clearly tries to entice its clients into making substantial deposits.
  • Stock-market. IPO, copy-trading, individual plan, and webinars. There are more services available, but the minimum deposit is higher – from $50,000.
  • Stock indices. No less than $100,000. Arbitration, insurance, accreditation of a professional investor, and introduction of the over-the-counter investment environment.

The investment tariff offers a monthly fixed percentage yield, as well as online money management, free choice of conditions, and insurance of the entire deposit. The rate of return is not specified, nor is the minimum deposit amount. The source of the profit is also hidden information.

Account types

Clearly, Resolve Money LTD tries to entice traders into making large deposits, as it offers more services on more expensive tariffs. Incidentally, this is a typical fraudulent marketing move not used by proven and safe companies.

There is no demo account, nor a description of commissions and spreads. Moreover, the range of leverage from 1:1 to 1:1000 is a clear violation of all regulatory requirements. Therefore, the actual registration in the UK is questionable, as the British Financial Commission would not allow a brokerage company to offer leverage higher than 1:30-1:50.

Pros
  • Not found.
Cons
  • Commissions and spreads are not disclosed.
  • You can’t try it on a demo account.

Market Analysis and Education With Resolve-money.com

All additional services were described in the tariff plans, but the broker offers other options as well. On the website, clients can find an FAQ section with general questions and answers, as well as a glossary, and on the main page there is a ticker with current quotes of popular instruments.

Educational videos and ready-made educational courses are absent. Therefore, the service is definitely not aimed at beginners. Additionally, Resolve Money LTD does not offer fresh analytics or reviews of economic events that could influence the movement of quotations.

Deposit, Withdrawal, and Fees

The website includes a section describing the procedures for depositing and withdrawing funds. This information somewhat contradicts what can actually be seen in the personal account. For example, the company offers to use credit/debit cards, bank wire transfers, and e-wallets for depositing funds, but in the client portal, only credit/debit cards and cryptocurrency are available.

This is not the end. In the same document, Resolve Money LTD describes that the processing of withdrawal requests takes up to 1 business day, but then states 5 business days. What to believe and how long does it actually take to process withdrawal requests? Though, why ask if withdrawing funds is hardly possible at all.

The firm also charges a fee for withdrawals:

  1. Credit/debit cards 2,99%.
  2. Bank wire transfers $25.
  3. Electronic wallets $10.

And where is the information regarding cryptocurrencies?

Features Resolve Money LTD Al-Giz Oanda
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

A review of Resolve Money LTD necessarily includes examining contacts, as they can provide a lot of useful information. Are they real? Or perhaps the same contacts are listed for other brokers?

A check of the emails showed that they were fake. Yes, my suspicions about the reality of their existence proved to be correct. The company lists a non-existent email address.

Fake email

Checking the phone number yielded nothing. However, it can also be noted that there is no online chat and no social media accounts.

Pros
  • Not found.
Cons
  • The email doesn’t exist.
  • There is no online chat.

Is Resolve Money LTD Dangerous?

Absolutely. It is a fraudulent broker that aims to scam people. If fake contact data and hidden trading conditions are not negative factors for you, then I will prove the fraudulent nature of the firm by checking its operating duration and legitimate status. I think it will be interesting.

How Long Does The Broker Work?

Okay, it is unknown when the company was founded. More precisely, the founding date is not listed, but it is still possible to find out the approximate period of operation. Let’s look at resolve-money.com, specifically the registration date of this domain. So, the domain was registered in January 2024. Therefore, Resolve Money LTD has been operating for just a few months.

Domain

Kevin Berry
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Expert Opinion

One cannot trust brokerage companies that, firstly, hide their founding date, and secondly, have a fresh domain. Without an official website, no online broker can provide its services, obviously. If the site only appeared in January 2024, this indicates a short period of operation. Therefore, it is important to determine the domain registration date to find out how long the platform has been in existence. Only those intermediaries who have been around for more than 10-15 years can be trusted, and the longer this period, the more reliable they are. Resolve Money LTD started operating recently, which is a serious red flag. During such a short period, it is impossible to create a reputation as a safe and reliable organization.

How Is Resolve Money LTD Regulated?

It is a British broker, but for some reason, it lacks a license from the Financial Conduct Authority, although what is there to be surprised about? The firm is fraudulent. I checked the registry of legal entities, and there was no such company. In Companies House, there is an organization with the same name, but firstly, it was registered in 2014, which does not match the information from the previous paragraph, and secondly, it has a completely different address, and also it has the status “Active proposal to strike off”.

Companies House

If you want to check the FCA registry, you do not have to do so, as I have done it for you. The FCA knows nothing about the existence of such an organization.

Resolve Money LTD - FCA

Features Resolve Money LTD Gainful Markets MaxiWyse
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

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

1 review about Resolve Money LTD

Oliver April 18, 2024 - 14:44
Just a scammers
The level of trust
Quick withdrawal of funds

There are very few reviews of Resolve Money LTD online. I believe this is because the company engages in fraud, and has only recently started doing so. I agree with all the negative factors and would like to add about the business model. It is a typical dealing desk that does not route traders’ deals to interbank liquidity, indicating a conflict of interest. Here is another reason for potential clients why it is not safe to trade here. I advise finding a safe platform with licenses, 100% A-Book, insurance, several real offices, and extensive experience. That would be safer. As it stands, this is just a typical fraud platform with fake operations.

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