Ronto XM Broker Review: Exposing A Relentless Scammer

Ronto XM Review Disclaimer: This information is provided solely for warning and alert purposes. It highlights major red flags associated with this suspicious trading platform operating under the domain, “rontoxm.com”. The review is based on my personal experience and publicly available information.

When it comes to Ronto XM, you better not waste your money investing in this broker. My independent RontoXM broker review reveals why this so-called financial services provider is a scam.

While the company purports to allow you to trade forex, stocks, and cryptocurrencies profitably, nothing can be further from the truth than this claim.

In this insightful Ronto XM broker review, I’ll reveal the dirty little secret that these relentless scammers use to dupe unsuspecting traders. It involves employing fake RontoXM Trustpilot reviews.

Before expounding on that, here’s the company’s summary:

Is RontoXM Legit or a Scam Broker?

It’s a dangerous scam you need to steer clear of. Here are compelling pieces of evidence:

1. Scamadviser and Trustpilot

Scamadviser and Trustpilot reviews suggest that RontoXM is not a trustworthy trading platform:

i. Scamadviser Ronto XM Review

ScamAdviser gives this website a very low trust rating, with a trust score of 1/100. The scam checker website goes ahead to warn that my.rontoxm.com, the domain under which RontoXM operates, may not be safe to use. The scam review site points out that this website’s registrar has a high percentage of spammers and fraud sites. 

In addition to that, a scamadviser user by the name of “Li Yung” had this to say, as shown in the screenshot below, giving RontoXM a 1-star rating:

Another user by the name of Dominik Krujc also provided the following feedback, as you can see in the following screenshot, similarly giving the fraudulent trading platform a 1-star rating:

ii. Trustpilot Ronto XM Review

Besides Scamadviser.com, I also looked up RontoXM on Trustpilot while preparing this unbiased RontoXM broker review. I noted that 65 percent of the RontoXM reviews on this review platform were negative with 1-star ratings, implying that most customers had a bad experience with this product. Here are a few screenshots of the reviews and their English translations:

Text Translation In English: “Rontoxm is a company that lies to you in everything

They provide you with conditions, and it’s all lies as you won’t be allowed to withdraw your money. Instead, you’ll be required to “make 25 bets”. They lie about everything to prevent you from withdrawing your money. I have already reported them.”

English Translation: “Complaint and Capital Claim

My experience has been very bad. I have requested the withdrawal of my money, and until today, I have not received a solution. They only send response messages. This seems to be a SCAM.”

2. Ronto XM Is Unlicenced

RontoXM operates without a license by design. It’s a common practice seen with many forex, stock, and cryptocurrency trading scammers. It enables them to engage in fraud and other unethical practices while avoiding regulatory oversight. The operations of an unlicensed broker are generally considered potentially fraudulent and risky.

3. RontoXM Lacks Professional Ethics Like Other Scammers

To investigate the platform thoroughly, I had to sign up, filling out a sign-up form with my details, including my mobile number. About an hour later, they started blowing up my phone with endless calls, showing how unprofessional they were. Within just a couple of hours, they had already tried to call me several times with different phone numbers, as you can see in this screenshot:

A legitimate company will not act this unprofessionally. But when it comes to scammers, decency, courtesy, and professionalism are not in their dictionary. Its greed to lead you to deposit money is too strong to allow for professional ethics.

4. A Suspicious Physical Address

When I looked up Ronto XM Broker on Trustpilot, one of the notable things I learned about the company is that it’s based in the Republic of the Marshall Islands. It’s a very suspicious physical location, considering what a reputable magazine reported a few years ago.

In 2019, FinTelegram News published an article titled, “The Marshall Islands – A cybercrime paradise promotes crypto to legal tender.” The news story detailed how the islands have become a haven for brokers and gambling scammers. It pointed out how many scam operators have established their offshore entities there, especially scams in the crypto sector, in recent years.

Pursue Lost Funds

Have you fallen victim to Ronto XM or another scam broker? If so, go to this page, or email scamread@scamreader.info to report the incident and seek help.

My Final Verdict On Ronto XM 

To summarize, this platform is a scam that could cause many unsuspecting traders to lose a lot of money. Unlike Mayfair Investments, which has since been pulled down, as you can see in the Mayfair Investments review, this website; rontoxm.com, is still up and running. These scammers use a very clever tactic to net as many innocent traders as possible. They pay unscrupulous writers to write great reviews on Trustpilot. 

Ronto XM Frequently Asked Questions

1. How is it that some sources say that RontoXM is legitimate and trustworthy?

Those are simply sponsored sources paid by the individual(s) behind RontoXM to paint this dubious trading platform in a good light.

2. I only signed up with RontoXM, but I did not deposit money. Is there still a reason for alarm?

It depends on whether you provided genuine personal details or fictitious ones when signing up. If you used your real information, including credit card details, scammers might attempt to hack your bank account to steal money. Additionally, they may sell your data to other entities that can use it for all manner of malicious purposes, including impersonation.

3. Can I delete my details from the database of RontoXM scam trading platform completely?

It might be challenging or impossible to pull down your information completely. Ronto XM, similar to other scammers, is illicit and may not truly honor your request to delete your information even if you close down your account. Remember that these criminals may sell your crucial details to make money. The best thing you can do is to report the matter to the authorities.