Radhika FX (RCM) Review 2026: Unregulated Status and Scam Allegations

Radhika FX (also known as RCM) is a newly established, entirely unregulated broker based in Mauritius with a very low WikiFX score of 1.28. Recent complaints from Indian traders highlight severe Introducing Broker (IB) scams and ignored customer support requests, making this platform highly risky for retail traders.

In this Radhika FX broker review, the main question is not just what trading platforms it offers, but whether it can be trusted with your capital. For Indian traders comparing options, looking closely at the verified evidence—or lack thereof—is essential before creating an account or depositing funds.

Contents

01

Regulation and Safety

02

WikiFX Score and Risk Signals

03

Platform Access and Login Safety

04

Trading Conditions

05

Trader Complaints and Exposure Cases

06

Deposits, Withdrawals, and Support

07

Final Verdict: Should Indian Traders Trust Radhika FX (RCM)?

Regulation and Safety

The available regulation details for Radhika FX are clear: there are none. WikiFX data confirms that this broker operates out of Mauritius (established in 2024) without any verified financial oversight or regulatory licenses.

For Indian retail traders, this is a major warning sign. Proper regulation is the only thing that forces a broker to keep your funds in segregated accounts and process withdrawals fairly. Because Radhika FX is unregulated, clients have no legal backup, compensation scheme, or authority to turn to if the broker refuses to return deposits.

WikiFX Score and Risk Signals

Radhika FX holds a very poor WikiFX score of 1.28 and a comprehensive rating of “D”. This score is a direct reflection of the broker's lack of licensing, its offshore location, and emerging negative user experiences. When an unregulated broker scores this low, traders should treat it as a strong, active risk signal designed to caution users against funding an account.

Platform Access and Login Safety

Radhika FX uses the standard MT5 platform, which is widely recognized and supports Expert Advisors (EAs). However, the available data highlights a security gap: the platform access lacks two-factor authentication (2FA) and biometric login options.

Before typing your credentials into any Radhika FX login page or portal, verify that you are on the heavily scrutinized official domain (`radhikafx.com`). Without basic 2FA security, your account login details are more vulnerable to unauthorized access.

Trading Conditions

The broker advertises three account tiers (Pro X, Pro, and Standard) with a minimum deposit requirement listed at just 0.01. The leverage offered on these Forex accounts is exceptionally high—up to 1:200 on the Pro accounts and reaching 1:500 on the Standard account.

While high leverage might seem appealing for small deposits, 1:500 leverage magnifies both your gains and potential losses dramatically. Because this broker lacks regulatory protection, using such extreme leverage creates a highly dangerous trading environment.

Trader Complaints and Exposure Cases

There is a clear, documented exposure case from an Indian trader in March 2026 alleging fraudulent activity.

According to the complaint, an Introducing Broker (IB) linked to Radhika FX instructed the user to make a deposit via email, which immediately led to lost funds. The most alarming aspect of the users report is not just the IB's actions, but the complete failure of the broker. The victim alleges that Radhika FX is fully aware of the scamming IB but is “not giving reply” and refusing to take action.

Deposits, Withdrawals, and Support

Radhika FX lists multiple support channels, including a UK phone number, email, WhatsApp, and various social media links (Instagram, Facebook, X, LinkedIn). Although they provide these contact methods in English, the data notes that “wait times may be long.” More importantly, the active user complaint from India directly contradicts their accessibility, describing a support team that ignores critical user reports regarding missing funds.

Final Verdict: Should Indian Traders Trust Radhika FX (RCM)?

Based on the verified data, the answer is no. Radhika FX combines all the classic red flags of a high-risk offshore entity: they are a brand-new 2024 setup, they hold absolutely no regulatory licenses, their WikiFX score is at a rock-bottom 1.28, and Indian users are actively reporting unresolved IB scams and ignored communications.

There is zero evidence to suggest that your funds would be reasonably protected here.

Status changes daily. Before depositing, check the WikiFX App for the latest real-time certificate and broker risk updates.