A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 68 | 35% |
| Company age | 22 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 10 | 8% |
| Transparency (site/info/social) | 100 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| ASIC | Market Making (MM) | 423034 | Australia | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| Advanced Account | 400:1 | $20,000 | 1.1 pips | -- | ✓ |
| Standard Account | 400:1 | $300 | 1.7 pips | -- | ✓ |
There aren’t enough independent reviews for Rainbow Legend Group yet to draw firm conclusions. The lack of public feedback is itself a caution sign for a smaller or newer broker.
0Rainbow Legend Group is a forex and CFD broker based in Australia, with records dating to 2020-06-08. It reports oversight from ASIC.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
Overview compiled by FXCanary from regulatory records and public data. full Rainbow Legend Group review