In the online trading industry, a growing number of fraudulent websites attempt to impersonate regulated European brokers by copying real company names, license numbers and regulatory references. This practice is widely known as broker cloning or impersonation.
Redmars.ltd is a clear example of a platform that fits this risk profile.
Our experts conducted a comprehensive investigation of redmars.ltd, examining domain data, legal disclosures, trading conditions, payment methods and regulatory claims. The findings strongly indicate that redmars.ltd displays multiple red flags associated with clone broker schemes, posing a serious risk to investors.
Key Facts About Redmars.ltd
| Parameter | Details |
|---|---|
| Website | https://redmars.ltd |
| Domain registration date | 18 July 2025 |
| Registrar | NameCheap, Inc. |
| Claimed company | Redmars Ltd |
| Claimed regulation | CySEC |
| License confirmation | Not confirmed for redmars.ltd |
| Minimum deposit | From $500 |
| Leverage | Up to 1:1000 |
| Risk level | Critically high |
WHOIS Domain Check – Major Red Flag
According to WHOIS records:
- the domain redmars.ltd was registered on 18 July 2025;
- domain ownership is hidden via privacy services;
- Cloudflare infrastructure is used;
- the registration period is limited.
At the same time, the website claims © 2008–2025 Redmars Ltd, implying more than a decade of operational history.
Our analysts emphasize that a newly registered domain combined with long-history claims is a classic indicator of clone or façade broker websites.
Legal Disclosures – Declarations That Contradict Reality
In its legal documentation, redmars.ltd states that the company:
- does not trade on behalf of clients;
- does not manage client funds;
- provides informational and educational services only.
However, in practice the platform:
- offers trading accounts;
- accepts deposits;
- specifies withdrawal conditions;
- promotes leveraged trading.
❗ This creates a direct contradiction between declared activity and actual operations.
Read also:https: https://watchdog-online.com/reviews/cleantradingmodern-com-2-5-daily-and-other-fairy-tales-a-classic-hyip-scam-exposed/
CySEC Regulation Claims – Inconsistent and Misleading
Redmars.ltd references two different CySEC license numbers:
- 092/06
- 396/21, registration number HE399243
Our experts clarify:
- license 396/21 legitimately belongs to Red Mars Capital Ltd, a real Cyprus Investment Firm;
- CySEC licenses apply only to the licensed legal entity and its officially approved domains;
- redmars.ltd is not listed as an official domain of the licensed company.
A Real CySEC-Regulated Company Exists – But With Different Domains
It is important to distinguish between the legitimate firm and the website under review.
Verified information about the licensed company
- Cyprus Securities and Exchange Commission (CySEC) – official regulator
https://www.cysec.gov.cy
Register of licensed Cyprus Investment Firms (CIF):
https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/ - Licensed company: Red Mars Capital Ltd
- CySEC license: 396/21
- Registration number: HE399243
- Official domains of the licensed firm, where these details are publicly disclosed:
- Bank of Latvia (EEA passporting authority)
https://www.bank.lv
In the register of EEA financial service providers, Red Mars Capital Ltd is listed as operating under CySEC supervision with license 396/21:
https://www.bank.lv/en/supervision/financial-market-participants
❗ None of these official sources list redmars.ltd as an authorized or approved domain.
This strongly suggests that redmars.ltd is using regulatory details belonging to a third-party licensed firm without authorization, which is a hallmark of clone broker activity.
Official Regulator Warnings About Clone Firms (Impersonation Scams)
Financial regulators across Europe and the UK explicitly warn investors about clone firms – websites that misuse the identities of licensed brokers.
CySEC – Cyprus Securities and Exchange Commission
CySEC warns that:
- licenses apply only to specific legal entities and approved domains;
- fraudsters frequently copy license numbers of legitimate firms;
- investors must verify both the company name and the exact website domain.
Official CySEC investor alerts:
https://www.cysec.gov.cy/en-GB/investor-protection/investor-alerts/
ESMA – European Securities and Markets Authority
ESMA identifies clone firms as a major EU-wide threat and states that:
- clone firms misuse regulatory credentials;
- victims mistakenly believe they are protected by regulators;
- losses caused by clone firms are not covered by investor protection schemes.
Official ESMA warning:
https://www.esma.europa.eu/investor-corner/scams
FCA (UK) – Clone Firm Guidance
The UK Financial Conduct Authority (FCA) actively publishes warnings about clone firms and notes that they:
- pretend to be authorized companies;
- use similar names, domains or contact details;
- target investors with high-pressure sales tactics.
Official FCA clone firm guidance:
https://www.fca.org.uk/scamsmart/warning-list
Why These Warnings Matter for Redmars.ltd
Regulators consistently stress one rule:
❗ If a website domain is not listed in the regulator’s official register, it is not authorized – even if it displays a real license number.
In the case of redmars.ltd:
- the CySEC license 396/21 belongs to a different entity;
- the domain is not approved by any regulator;
- trading conditions contradict EU regulatory limits.
According to our experts, redmars.ltd fits the exact risk profile described by regulators for clone firm scams.
Leverage up to 1:1000 – Incompatible With EU Rules
Redmars.ltd advertises leverage up to 1:1000.
EU regulators (ESMA and CySEC) strictly limit leverage for retail clients, typically to 1:30.
A CySEC-regulated broker cannot legally offer 1:1000 leverage to retail investors.
This alone strongly indicates that redmars.ltd does not operate under EU regulatory standards.
Payment Methods – Increased Financial Exposure
Redmars.ltd lists:
- cryptocurrencies (Binance, Coinbase, MoonPay);
- bank cards (Visa, Mastercard);
- online banking solutions.
Minimum deposit: $500.
Our analysts note that:
- crypto payments are irreversible;
- intermediary processors are often used;
- such setups are common among unregulated or clone platforms.
Final Verdict From Our Experts
Redmars.ltd shows multiple, compounding indicators of a clone broker.
Confirmed facts:
- domain registered in 2025;
- concealed domain ownership;
- use of third-party CySEC license data;
- trading conditions incompatible with EU regulation;
- no official regulatory approval for the domain.
According to our experts, engaging with redmars.ltd carries a high risk of financial loss.
What Investors Should Do
Our recommendations:
- do not deposit funds;
- avoid cryptocurrency transfers;
- do not submit personal documents;
- verify domains directly via regulators;
- ignore aggressive “account manager” outreach.
Lost money with a broker? Find out how to get it back! Contact us at [email protected], leave your name and phone number so we can get back to you. The Watchdog Online team stands guard over your safety – together we will make the Internet better!
