RainBow
We checked RainBow against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
RainBow claims it is a reliable forex broker without presenting any details of its regulation. The lack of such important information may be a distinct characteristic of unlicensed brokers, as regulated brokers always present their accreditation and licenses in a prominent position. It is a red flag. According to the firm name, RainBow Capital (HK) Limited, this broker locates in Hongkong. We searched on the Hongkong Securities and Futures Commission (SFC), and found a matching result. However, the regulated activities of this broker include dealing with securities and advising on corporate finance. That means RainBow is not authorized to provide foreign exchange services in Hongkong. Since the foreign exchange activities of RainBow are not regulated by any regulators, letting this broker hold or control customers' money is unsafe and the money cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report RainBow.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.