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No Regulation
Score
1.45 /10
Danger
Richness Empire
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 4
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.54
Risk Management Index0.00
Software Index4.00
License Index0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
2
Previous Detection :
2024-12-26
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
Exposure
4 pieces of exposure in total Pyramid scheme complaint
ExposeGeneral 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.
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