RDGCM.com Review

1.098 • 25 REVIEWS
Out of business Ridge Capital Markets
Updated: Nov 13, 2022
RDGCM is a forex broker. RDGCM offers the MT4 and MT Mobile forex trading top platform. RDGCM.com offers over 55 forex currency pairs, indices, oil, commodities, cfds, gold and silver for your personal investment and trading options.

December 2016:  There is a second FPA Traders Court guilty vote against this company.  The FPA recommends a very high level of caution dealing with RDGCM until this issue can be resolved.

 

July 2016:  There is an FPA Traders Court guilty vote against this company.  The FPA recommends a high level of caution dealing with RDGCM until this issue can be resolved.

Website is down. Company seems to be out of business.
RDGCM.com
Out of business
1.098 • 25 REVIEWS

Recent User Reviews of RDGCM.com

A
Ash
Abudhabi, United Arab Emirates,
Jan 28, 2018,
Guest

Scam Scam Scam
This is a fraudulent company. i wonder if its a company just probably few guys talking with different names. its all fraud . you will never see your money again.

Stay million miles away!
T
ticksquick
Vancouver, Canada,
Dec 25, 2016,
Registered user

This must go to scam folder

Ridge Capital markets are a 100% complete scam. My $25k is all gone, there phone are disconnected and no one has been answering emails for many weeks.

I spent $1200 pounds with Giambrone law firm in the UK to try and recover my funds, but to no avail, so that was another waste of money but I had to try at least and it was a dead end.

I am warning everyone that wants to open a new account at any Forex broker, to be very careful. Only open accounts with reputable brokers who have been around for a while, do not get scammed like I did.

Sep 12, 2016 - 1 Star I submitted a with drawl form last Thursday, Sept 8/2016, and to close my account. I have not received any emails to confirm my with drawl, and I tried calling them today and the phones are not working.

I tried calling from 3 different phones, and even had a good friend of mine call from Mexico, and we all get this translation company out of Switzerland, so something is very wrong with this picture.

If I dont hear from them by the end of this week, I will go to my local police here in Canada and get them to get Interpol police on this matter. Anyone else having same issues making with drawls from there accounts ??

George
V
Vikram Adithya
United Arab Emirates,
Dec 8, 2016,
Registered user

Everyone should avoid this company and not entertain any calls.

Richard Boulivier from Ridge Capital Markets kept calling me and insisting i open a forex account. He said he'll trade on my behalf. I funded $500 initially and then $500 more after he showed increased profits. Now he's disappeared. My emails are not responded by him or the support team. I'm unable to login to the account. And i realise my money is lost or was scammed.
C
Charmaine
Durban, South Africa,
Nov 29, 2016,
Guest

JOSEPH DAVIS AVOID that name

JOSEPH DAVIS is a scam artist. I hope they shut these criminals down. and lock them up for years and years to come

Oct 12, 2016 - 1 Star Ridge Capital Market is a HUGE SCAM. Joseph Davis is a name they use and this guy will try and get more out of you. With no emotion he squeezes the life out of you if you allow him. I invested 500 USD and within a day the balance was 738 USD. and from there it stops and he asks you for more money claiming he needs more liquidity to be able to trade faster to get to your dreams fast. he tries his damn best to get it out of you. This was when I realised something was amis. When I told them I want to pull out he then traded for another day and by now the balance was 1257 USD. I asked them to stop trading in my account as i had the withdrawal form in the system already. he disappeared for 2 weeks he claimed he was in Bangkok. He then told me they couldn't process it till he does a voice recognition to see if that was really me making the withdrawal. The very next day I was told I couldn't withdraw as they have not made any profit out of me yet.
Hello Miss Xaba.
Quick Specs
Requirements:
Once you’ve decided on how much you’d like to invest on your first deposit, you can easily calculate the trading requirements that need to be reached prior to claiming your real cash bonus. Below we have listed a simple calculation for easy reference: For every $1 bonus claimed the client must complete the lot requirement of 0.3 lots (One lot is equal to 100,000 units of currency open and closed [buy or sell])
Example: Deposit $1,000 x bonus 50% = $500, 500*0.3= 150 lots

In your case you have received 500 USD bonus from us so the result is the same.
You have a total of 2.78 lots + 1 lot(for a open trade on EUR/USD )= 3.78
150 - 3.78 = 156.22 lot to be traded before you can withdrawal.
Reward:
50% welcome bonus up to $10,000
Deposit Requirement:
Minimum deposit of $500
Bonus Type:
Real Cash
Maximum Bonus:
$10,000
Trade Requirements:
0.3 lots per $1 in Bonus
Who can Claim:
Any new client of RIDGE forex broker
How to Claim:
Contact support@rdgcm.com


For more information about promotions and bonuses you can visit our main website on the following link:
https://www.rdgcm.com/promotions/welcome-bonus/
Best regards,

ALEX SHEPHERD | HEAD OF SUPPORT DEPARTMENT

Phone : +442031501555
Website : www.rdgcm.com

Personal E-mail : alex.s@rdgcm.net
Support E-mail : support@rdgcm.com
The information contained in e-mail messages from RDGCM may be privileged, confidential, proprietary, or otherwise protected from disclosure. If you have accessed this page after receiving a communication in error, please notify us immediately by replying to the message and please delete the message from your computer. For your protection, please do not include account numbers, Social Security numbers, credit card numbers, passwords, or other non-public information in your e-mail. For more information regarding how we protect client information, please ask your Financial Advisor for a copy of our Client Privacy Notice. In accordance with industry standards and practices, RDGCM retains e-mail messages for a period of time. Those messages are kept confidential in accordance with RDGCM's privacy policy and are accessed and used only where justified.
________________________________________
Open Live Account | Ridge Capital Markets Home | Privacy Policy | Client Agreement
S
Shumirai huruba
London, United Kingdom,
Nov 17, 2016,
Registered user

Failure to access my account

It seemed okay up till last month that I can't access my account. I tried all the numbers but seems they ain't working. I wonder if this company is still functioning or its closed down.
H
HH
Dubai, United Arab Emirates,
Nov 4, 2016,
Guest

SCAMMMERS!!!! Dnt ever invest with a company through a cold CALL. It is forbidden by the regulator.

SCAMMMERS!!!! Dnt ever invest with a company through a cold CALL. It is forbidden by the regulator.

Dear all,

In May, I got a call from a gentleman named Richard Boulliver requesting me to open an account with RDGCM (or Ridge Capital).
After more than 30 min of negotiation, he requested me to place $500 and to try their company for 1 week and withdraw the funds. During one week, he was able to make me around $1500. Then he started calling everyday, requesting to place more liquidity to take bigger transaction.
My investment reached around $8000/ and he was able to turn it to $40,000 in 6 months.
When I requested to take out 20,000$, they did not allow me (and other friends which were recommended). After more than 1 month of follow-up, suddenly my account got burned (i.e. he took more than 100 transaction to make me lose my money).

The conclusion:
1- Dnt ever place funds with a company which is not regulated. They will tell u that they are regulated; however, if you ask for a document or a license, they don't have it.

2- The name of all guys trading with you are fake: Richard Bouliver, Alex Sherppard, Fabian, Joe Davis etc... All these names are fake. Try to google them, you will end up with names of celebrities: musician, lawyers etc... which is a red flag.

3- They call you from a Swiss number, claiming that they are located in Zurich. They provide you with a hotline number in UK (which is just a contact number).
In reality, the company is located in Bulgaria and they transfer all funds from there.
In case you ask them about the reason, they will tell you for tax purpose.
The guys are all located in Bulgaria. You can even recognize it from their accent and pronunciation.

4- The provided address in UK is not matching with their company. If you search online, you will end up with a different company

5- According to all regulators, it is forbidden to receive cold call from companies. Once you receive such a call, you should hang-up as they are scammers. Real regulated companies are not allowed to do it.

6- Finally, once they scam 50-100 investors, they will close the company and open a new one to conduct the same shit. In case they maintained the name of RDGCM or Ridge, they will change their names.

More info can be provided if needed.
P
pullen99
Newark-on-Trent, United Kingdom,
Nov 2, 2016,
Registered user

If you deposit money with this company you will not see it again. Avoid at all costs!

I have been with this 'broker' Ridge Capital Markets for about 9 months. At first they appeared to be fine and I traded a relatively small account into profit. Their 'chief analyst' Joseph Davis made a few very good trade recommendations which built my account nicely. He seemed to have a good grasp of trading and was very consistent.
Based on this I let him persuade me to have a fully managed account - traded by him. I deposited $50,000 and let him do his thing. All again appeared to be good with a number of successful trades being placed on my account. My account balance was now up to $70,000.
I then noticed a trade that he had taken go into significant drawdown. Not a problem in itself - all traders have losing trades. For a while now Joseph had been trying to get me to add more money based on his terrific performance. However, I then saw this trade that was in a significant loss suddenly be closed out at a small profit. Incredible! how did that happen? When I checked the trade history I saw that the trade in question had been manipulated to show an entirely different entry level than it actually had been at outset. It was a 'buy' trade and the entry was now showing as about 500 pips lower than I new it actually was. This allowed the trade to close in profit and protect Joseph's record of profitable trades. Obviously he hoped I wasn't looking too closely at the account and would just have looked in periodically to see another winning trade. This was clearly a ruse to try and get me to add more funds based on his amazing trading record.
I then realised I had made a terrible mistake and that my funds were in serious jeopardy as the 'broker' could clearly manipulate anything in the account. Joseph had been talking to me nearly everyday trying to get me to add funds or pay him a consultancy fee to manage some of my other accounts. I said I wanted to meet him and was prepared to travel to Zurich. However, he said that he was setting up an office in Sofia (Bulgaria) and so wouldn't be around much. I tried to get to see him in Sofia, but this proved impossible as he wasn't really in Sofia.
I then needed to get my funds back. Fearing what he would do to my account once he got my withdrawal request (massive positions to drain the account), I first sent clear guidelines and parameters that he could trade within and got him to agree to this in writing. The maximum position he could take was 1 lot in any one currency pair. He also verbally agreed to trading within the guidelines.
However, 1 day after my withdrawal request for the whole of the account balance was received - surprise, surprise - my account balance was at zero. There were multiple 'trades' placed on my account for massive lot sizes in the exotic currency pair USDHUF. The way he guaranteed losing each trade was taking a huge buy trade and huge sell trade simultaneously. The very wide spread of this pair guaranteed that both of the trades opened with a large negative balance and then the trades were immediately closed to lock in the loss. He did this multiple times until my account was drained. I have given them time to rectify this 'mistake' (not that I expected them to) before I now provide this review and many others on ever forum I can. Whilst also reporting this blatant scam to take my money to the autorities. Hopefully other people won't be as stupid as me and they will stear well clear of this SCAM broker.
S
sdiqbal80
Abu Dhabi, United Arab Emirates,
Nov 2, 2016,
Registered user

Please don't Trade at all with RIDGE and don't share your credit card info. with them as my credit card been misused

Issue escalated to Traders Court sdiqbal80 vs rdgcm.com | GUILTY
I was of the opinion that they are not listening to me only but When i entered into this forum i am 110% sure that this company is a big scam. Please beware of these guys. They are cheating the innocent people by attracting them firstly through their vague tactics that they know the market exactly and they will earn you x% on daily basis and you will earn a-lot. But when someone get trap with them, they pressurized you upto an extent that you becomes senseless at times which they practice to me many times by pressurizing me saying if you will not add more money your existing money will lose and so so. In short they trapped me to get my credit card info as well via their finance department and then my credit card is used for an unauthorized transaction as well which is a big threat. Please don't do anything with them and don't share your card info. at all.
A
areyngan
Malaysia,
Sep 2, 2016,
Registered user

I never encounter such bad attitude, talk embarrassing while consider himself as professional guy and so desperate to get me to deposit even usd500. Be careful people. Luckily I came here and look for review then I saw more than dozen already being their victim.
M
MAGDAA
JEDAHH, Saudi Arabia,
Aug 18, 2016,
Registered user

RDG CAPITAL MARKET HAVE VERY BAD DEALING WITH ME AND I THINK MY MONEY IS STEALED

i opened an account with RDG- capital market since 3 months but i fined very bad way of dealing and the only thing they are running after is to deposit money again and again and when i asked to withdrew some of my money they close their mobiles and they play with my account so i can not access it and when i refused to deposit more money they told me that your account is frozen and they stop working four one and half months then surprised that they suddenly started to make losing trading to finish my account money without my permeation MY ACOUNT NUMBER IS 2088232838

Aug 16, 2016 - 1 Star RDG COMPANY ARE JUST AGROUP OF HAKERS AND THEY HAVE VERY BAD EMPLOYEIS THEY STEALED MY MONEY AND THE WORK WITH THEM IS JUST FAKING AND THE PURPOSE IS JUST TO TAKE MONEY FROM PEOPLE FPA SHOULD PREVENT THEM FROM WORK AND STEALING THE PEOPLES ONLY