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RIFA -

Regulated

Score

6.48 /10

Average

RIFA

Item: RIFA
Rating: 6.48

Hong Kong

15-20 years

Regulated in Hong Kong

Dealing in futures contracts

Suspicious Overrun

High potential risk

http://www.rffg.com.hk

Influence

Add brokers

Comparison

Quantity 7

Exposure

Time Machine

Website

Score

Regulatory Index7.27

Business Index8.76

Risk Management Index0.00

Software Index6.54

License Index7.27

The WikiFX Score of this broker is reduced because of too many complaints!

Time Machine

Website

Licenses

SFC Regulated

Futures contracts

SFC Exceeded

Dealing in securities

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

open now

Regulatory disclosure

Sanction

HK SFC

2022-07-25

Rifa Futures Co., Ltd. was reprimanded and fined 9 million yuan by the China Securities Regulatory Commission for violating regulatory requirements

RIFA

rfgzn

hkrfq

Sanction

HK SFC

2017-04-12

Securities Star International Futures Limited was reprimanded and fined $3 million by the SFC for internal control deficiencies in combating money laundering

RIFA

rfgzn

hkrfq

Sanction

HK SFC

2017-04-12

Securities Star International Futures Limited was reprimanded and fined $3 million by the SFC for internal control deficiencies in combating money laundering

RIFA

rfgzn

hkrfq

Broker Information

Company Name

日发国际金融有限公司

Company Abbreviation

RIFA

Platform registered country and region

Hong Kong

Company website

http://www.rffg.com.hk

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 3

Previous Detection : 2024-11-10

The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

This broker exceeds the business scope regulated by China Hong Kong SFC(license number: AAA537)SFC-Dealing in securities Non-Forex License. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

7 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Stay away from the scam platformRIFA, and I hope everyone will not be cheated

My principal and the commission have not been withdrawn. RIFA is a scam. It delay the payment from last year to the present. They have not solved it for me. Finally, their salesman directly sent me a channel business license and then there is no message.

2019-02-14 21:34

Unable to Withdraw

unable to withdraw

I get whatsapp msg from other country no and after that she started chatting and after some time she told me for financial help and I installed mt5 and than started trading on Fogee in few days I earned 37833usd when I raised a withdrawn request she shared me a customer service manger no and that Manager ask me to deposit 30% as tax I negotiate with him and ask for 200usd withdrawn only further I transfer 62usdt as tax after that they refuse for fund received and freeze my account now.

2021-11-10 16:37

Scam

RIFA defrauds by Zhang Xiankui’s private account

On December 8th,2018,I was induced by Zhang Xiankui of RIFA to transfer 25 thousand RMB to the account 6236681210001745012 through China Construction Bank Corporation Shanghai Futures Branch.It equaled $3333.33 with the rate 1:7.5.The salesman said that the platform invited two elite teacher Liu Gudu and Li.Especially,teacher Liu, who can profit 180 pips within 2 hours to earn money by 16 times,is a professional analyst.They all operate for who has large fund.I was in small fund with high risk.He said that these two teacher is the profit guarantee.Since december 10th,2018,the salesman has became the customer service,who asked me to delete the posts online,saying that this is slander.He told that as long as I follow them,I would get back my fund.I appeal more person to avoid the fraud platform.

2018-11-13 02:58

Resolved

RIFA pockets my fund of 59 thousand RMB

On April 16th,2018,a salesman of RIFA called me and said that they had cooperation Trade Xia.I had account in it,thus they could acquire my number.They recommended the analyst(zhang Yidong,Mobile phone:18221091431 QQ：997005573),saying that he was a professional analyst whose clients were all owning large fund(400 thousand RMB).The salesman sent me constant message.I said that I had only several tens thousand yuan and had no time to pay attention to the market.They said that they would like to help me follow it and fill the application.With his help.I opened an account and deposited 42000 RMB.At that night,I was told to trade,profiting several hundred US dollars.I asked whether I should close position,he asked me to wait.But the order was closed.I told him about my thoughts.He told me to have a long insight.I was suspicious of him.Then he told me to trade Der Dax ang Heng index,saying that the market would be volatile.Only by trading one lot can I recover the losses.I was amazed.He told me to buy long even the market was going down.I argued with him.Then he said the market was strange.Then I was to go to bed.With his lobbying,I bought a short order of Heng index,resulting in a loss.I was mad.Didn’t he know the market?I made a loss of $3000 overnight.The next morning,he called me and told me to go short of Heng Index.The result was the same.During the trading process,his thoughts was contradict with mine.I deposited 17000 RMB again,then my account became forced liquidation.After that, I found the right protection team and made a complaint on the platform.The salesman called me and said that they would give me $3,000 and asked me to withdraw the case immediately as long as I delete the complaint.I did not agree and said that I must receive it first.On the third day, I received the order voucher (4,200 yuan) by the acquiring institution (Yin Ying Tong).I pondered for a few days and finally found out the flaws. I checked the express number online and figure out that the express was different.I asked the staff,they said that the company asked them to do so.I list the reasons why RIFA and Yinyingtong must give me compensation: 1. It doesn’t give me any risk explanation No one has done any virtual market for me, and asked me to get started. No one told me about any risk and forced liquidation. I just believe that the platform is legit and follow the teachers’ instruction. 2. Fake publicity. Before opening an account, I said that I didn't have time to pay attention to the market, and I didn't understand it. They made me rest assured. Later, I checked the type of license on the WikiFX. It shows that their license(Registration NO.: AAA537)was overrun. 3. RIFA acts as the counterparty with investors.If members make money, they must let the investors lose money. It is a dealing-desk broker.The behavior is prohibited by the 38th civilized order of the State Council. 4. The strength of the CSRC this year is so great that the state attaches great importance to it and is severely cracked. The entire trading system provided by the member units is exactly the same as the pseudo-futures trading model prompted by the CSRC. I have collected a list of QQ order recommendations, bank bills and trading software of the member.

2018-08-03 21:45

Unable to Withdraw

This broker cheated me!

If I can't pay 30%, they will deduct 5% EVERDAY from my MT5 account. I have paid USD33,340.69, balance USD5,400 yet to pay. I have not enough money to pay into it. I can't even get back my money from MT5 to pay back my loan. They're still holding my money. I have balance of 162k USD in my MT5 account. I paid a lot. Now want to withdraw they asked me to settle that 30% deposit then only release my money to my Binance account. How can I claim back my money?

2021-09-20 17:40

Others

An individual tax was asked before a withdrawal?

On a friend’s recommendation, I downloaded the 11 APP and deposited 150 thousand. She asked me to download MI Chat and added the teacher 30 minutes before the operation. During that time, I added 50 thousand when there was a cocking market. The teacher claimed that my account is at risky. Then I added 132 thousand to do hedging, making a profit of 1.8 million or so. When it came to withdrawal, I was asked to pay a 20% margin, i.e., 300 thousand or so, at which time, I doubted whether I has been cheated.

2020-06-09 23:47

Scam

RIFA scammed me.

I think RIFA must compensate me, for the following reasons: 1, They showed me profit evidence to induce me. They induced me to trade directly without any investment education. I lost money all because I believed their bullshit. 2, The platform is a clone, which promoted fake news. They said they have professional instructors to make money for you. Later I found their license in Hong Kong has no right to trade forex. What’s more, it is a clone license. They made their server and system crash all the time to make us lose money. 3, The government is controlling strictly the financial market. RIFA’s business mode is exactly the same with the scam mode exposed by banks. I have all the evidence. In September 2018, a salesman of RIFA added me on Wechat whose name is Wang Baoqiang. He asked me to trade on RIFA, saying it is a legit platform.

2018-11-09 01:08

RIFA · Company summary

RIFA Review Summary
Founded	2016
Registered Country/Region	China Hong Kong
Regulation	SFC
Products	Securities, futures
Demo Account	❌
Trading Platform	Nifa Securities, Ayers Security Code, Esheng Polestar 9.3, and Yisheng Yixing mobile trading platform
Customer Support	Phone: +852 3900 1718
	Email: hkrf@rffg.com.hk
	Address: Full floor, 7th floor, 28 Hennessy Road, Hong Kong

Founded in 2016, RIFA is a financial company regulated by SFC based in China Hong Kong. It offers security and futures trading.

Pros and Cons

Pros	Cons
Regulated by SFC	No demo accounts
Diverse customer support channels
A wide range of trading platforms

Is RIFA Legit?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	SFC	Rifa Futures Limited	Dealing in futures contracts	ARP340	Regulated
	SFC	Rifa Securities Limited	Dealing in securities	AAA537	Exceeded

Products

RIFA mainly offers security and futures trading.

Fees

Fees for buying and selling stocks
Type	Cost
commission	Please contact your broker
Transaction levy	0.0027% of transaction amount
Transaction fees	0.00565% of transaction amount
Stock stamp duty	0.13% of the transaction amount (less than $1 is also calculated as $1)
Settlement fee	0.005%, minimum HKD 5.5* (Fee currency is calculated according to the currency charged by the Clearing House)
China-Hong Kong system connection fee	HK$15 per order (not combined)
FRC Transaction Levy	0.00015% of the transaction amount (up to the nearest cent)

Trading Platform

RIFA provides Nifa Securities, Ayers Security Code, Esheng Polestar 9.3, and Yisheng Yixing mobile trading platform.

User Reviews

User comment

Comments

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犄角

more than one year

Esta empresa financiera de Hong Kong es una gran mentirosa. Espero que más personas vean la información de wikifx, no se dejen engañar! (Mi amigo chino fue estafado, no yo)

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2022-11-24 18:26