Score
Richness Empire
United Kingdom|2-5 years| https://www.richepfx.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
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Website
richepfx.com
Server Location
Singapore
Website Domain Name
richepfx.com
Server IP
180.215.66.116
Company Summary
General Information & Regulation
Richness Empire Limited (Richness Empire) is a UK-registered broker, with its founding time, the company behind it not disclosed to all. However, there is no related regulation information displayed anywhere, so it is unsafe to trade with this broker.
Market Instruments
Tradable financial instruments available on the Richness Empire platform include more than 250 products including forex currency pairs, precious metals, energies and shares.
Minimum Deposit
Richness Empire does not indicate its minimum initial deposit. In most cases, many legit broker will require a minimum initial deposit around $100 or even less. Since this broker is unregulated, traders are not advised to register real trading accounts.
Leverage
Richness Empire offers trading leverage up to 1:500 for forex trading. To be honest, trading with Richness Empire, an unregulated broker, on such generous leverage is not necessarily a good thing.
Spreads & Commissions
In terms of spreads and commissions, Richness Empire does not make this part clear. In most cases, the benchmark EUR/USD pair is within 1.5 pips offered by most broker.
Trading Platform Available
Richness Empire supports the MetaTrader5, which along its predecessor, the MetaTrader4 is one of the most widely used trading platforms on the market. MT5 features an excellent pack of advanced charting tools, many market indicators and easily customizable trading bots, with the help of which one can easily run automated trading sessions.
Deposit & Withdrawal
When it comes to deposit & withdrawal payment methods, Richness Empire does not make this part clear. In most cases, most brokers support Credit/Debit card (VISA, MasterCard, Maestro), Wire transfer, Skrill and Neteller for traders to fund their accounts.
Customer Support
The Richness Empire customer support team can be reached through email: cs@richepfx.com, telephone: +0044 4374206. UFS Market claims that it offers 24/5 live chat, however, this is unavailable after looking through its website. Besides, Richness Empire website is available in seven languages for traders from different countries.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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FX2712901976
Taiwan
Once you make a reservation on this fake platform, you won't be able to get your money back! At the beginning, you will be lured to make a reservation, and they will tell you that there is a free exchange rate you can get. And they even say that they will help to make a deposit if you don’t have enough money. Once you agree with them, your money will be stuck there forever and never comes back.
Exposure
2021-10-07
Andy loh
Malaysia
I wanted to withdraw on Richness Empire but failed. The platform told me to pay 30% tax. Fraud platform.
Exposure
2021-09-20
FX3116545784
Taiwan
She laundered over $180,000. Account：220389. And I had to pay half margin now. The bad behaviour must be exposed to make other people avoid bein gcheated.
Exposure
2021-07-15
JXS
Hong Kong
My withdrawal has been pending for over a month. Some companies trick interns to deposit funds.
Exposure
2021-07-06