RedMars Review 2024
Minimum
deposit:
  • $10

Trading platform:

  • MT4
  • MT5
  • Mobile
  • Web

RedMars Review 2024

Updated:
Updated: October 06, 2023

Attention!

This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Your capital is at risk.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of Redmars Trading Company

RedMars is scam. The broker stopped fulfilling its obligations to clients and partners, as well as withdrawing funds.

Geographic Distribution of Redmars Traders

Popularity in

84.5%
IN
India
13.5%
Others
Others

User Satisfaction i

7 comments
Total score:
5.1 /10

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Michaelwaync
26 weeks ago

Redmars is a pure scam! People, don’t let them cheat you out of your money. I got into business with them and I’ve regretted it. I lost $200. The amount doesn’t seem to be large, but it’s still not pleasant.

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JamesSculk
38 weeks ago

It was possible to trade with redmars, but... it turned out to be difficult to withdraw money! My problem is not over yet. I deposited $900 and made some good money, but I can’t seem to be able to withdraw my money!

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monicarg60
1 year ago

I don't have much experience, I mainly traded in the retail trade. I have no complaints about RedMars. I am learning to trade.

Responses to a comment
Rakusmom to monicarg60
1 year ago

For beginners, RedMars is suitable. Cent set, $10 deposit, 25% welcome bonus. Yes, support is also helpful. All prompt and instruct. I also started here as a newbie.

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lloydxr16
1 year ago

I will be brief. RedMars is a broker worthy of attention. I was taught by my personal experience. They don’t interfere with trading: they don’t draw hairpins, and there are no problems with order execution. Of course, many brokers offer better conditions for trading, but I think it doesn't matter if the company is dishonest. Better here.

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ramlanfs
2 years ago

The broker is quite reliable. My profitability is not high yet, but I think it is temporary. Perhaps there are brokers who offer better terms, I don’t know. It seems to be good here too.

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borkarmanoj
2 years ago

I took the Redmars Welcome Bonus from the broker. This bonus is credited to customers' account at a rate of 25% on margin. A good opportunity to increase your deposit by using borrowed funds. True, the validity period of this bonus is limited, so I will try to actively trade.

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ev_genius
2 years ago

Broker with a symbolic minimum deposit, with a sufficient number of trading instruments and low spreads. Everything is standard. I've been trading with RedMars for a long time. I'm not going to look for another company, although I can't say that everything here suits me. Stability is more important!

Trading Conditions for Redmars Users

RedMars offers multiple solutions, in particular, White Label solutions, IB partnership, Joint Venture solutions, and affiliate tracking systems. RedMars' top priority is the company's clients and partners. The company offers top-level trading tools, deposit and withdrawal methods, remuneration packages, and so on.

RedMars provides several account types, trading platforms and tools to meet the needs of every customer. Trading is offered via desktop, Android, or iPhone for both MT4 and MT5.

RedMars is valued by traders thanks to beneficial trading conditions, permitting all trading styles, and unrestricted access to liquidity. RedMars is proud to be the forex broker of choice for traders globally.

$10

Minimum
deposit

1:500

Leverage

💻 Trading platform: MT4, MT5, Web, Mobile
📊 Accounts: Cent, Standard, Zero, VIP
💰 Account currency: USD
💵 Replenishment / Withdrawal: No
🚀 Minimum deposit: 10 USD
⚖️ Leverage: up to 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0,01
💱 Spread: from 0 pip
🔧 Instruments: CFDs, Commodities, Shares, Forex, Indices, Cryptos
💹 Margin Call / Stop Out: 100/50%
🏛 Liquidity provider: no
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: STP
⭐ Trading features: No
🎁 Contests and bonuses: 25% Welcome Bonus

Contacts

Registration address First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent
Official site
Contacts
Disclaimer:

Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Redmars Review Redmars Review

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FAQs

Why has Redmars been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against Redmars by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Redmars is down, not updated or operates with clear errors and some features are not available;
• Redmars has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if Redmars got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why Redmars got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from Redmars?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if Redmars is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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