RIFA
Abstract：RIFA is an online trading platform regulated by the SFC for futures contracts (License ARP340). They offer security and futures trading through various platforms, including mobile and desktop options, with multiple contact numbers for customer support.
| RIFA Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Hong Kong |
| Regulation | SFC |
| Market Instruments | Securities, futures |
| Trading Platform | RIFA Securities Mobile Trading Platform, Ayers Security Code, Rifa Futures Trading Software - Yisheng Polestar 9.3, Yisheng Yixing APP |
| Minimum Deposit | / |
| Customer Support | Tel: 4008 908 168, 852 3900 1781, 86 14715035047, 852 3900 1718 |
RIFA Information
RIFA is an online trading platform regulated by the SFC for futures contracts (License ARP340). They offer security and futures trading through various platforms, including mobile and desktop options.
Pros and Cons
| Pros | Cons |
| Various trading platforms | Complex fee structure |
| Regulated by SFC | |
| Transparent fees |
Is RIFA Legit?
RIFA is currently regulated by Hong Kong's SFC for futures contracts (License ARP340) while its securities dealing license (AAA537) is exceeded.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Securities and Futures Commission (SFC) | Regulated | Hong Kong | Dealing in futures contracts | ARP340 |
| Securities and Futures Commission (SFC) | Exceeded | Hong Kong | Dealing in securities | AAA537 |
What Can I Trade on RIFA?
RIFA mainly offers security and futures trading.
| Trading Products | Supported |
| Securities | ✔ |
| Futures | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
RIFA Fees
- Stock Trading Fees
| Type | Fees |
| Commission | Please consult your broker |
| Transaction Levy | 0.0027% of the transaction amount |
| Transaction Fees | 0.00565% of the transaction amount |
| Stock stamp duty | 0.1% of the transaction amount (if the amount is less than $1, it will be calculated as $1) |
| Settlement Fee | 0.005%, minimum HKD 5.5 (charged in the currency charged by the clearing house) |
| China-Hong Kong System Connection Fee | HK$15 per order |
| Financial Reporting Council Transaction Levy | 0.00015% of the transaction amount |
- Agent Service Fees
| Type | Fees |
| Collect dividends | 0.5% of total dividend (0.12% HKSCC), min HK$30/US$4/CNY$30, max HK$10,000 (charged in dividend currency) |
| Exercise rights/warrants/CBBCs/takeover | HK$1.5 per stock lot (HK$0.8 H.K. Clearing), min HK$30 (charged in product settlement currency) |
| Applying for additional rights | HK$1.5 per lot, min HK$30 |
| Registration & transfer fees (stocks, bonus shares, warrants, rights) | Transfer fee HK$2 per lot (HK$1.5 H.K. Clearing Corp.). HK$10 per stock, HK$30 per bonus share (calculated per stock). (charged in clearing house currency) |
Trading Platform
| Trading Platform | Supported | Available Devices |
| RIFA Securities Mobile Trading Platform | ✔ | Android 4.0 or iOS 7.0 system |
| Ayers Security Code | ✔ | Android 4.0 or iOS 7.0 system |
| Rifa Futures Trading Software - Yisheng Polestar 9.3 | ✔ | Windows |
| Yisheng Yixing Mobile Trading Platform | ✔ | Android, iOS (via QR Code) |
Read more
InteractiveBrokers Review: Are You Facing Withdrawal & Deposit Issues? You Must Read This!
InteractiveBrokers, a Hong Kong-based forex broker with over two decades in the trading space, has been facing ire from traders worldwide. Some allegations are just a week old from today, making it imperative for all of us at WikiFX to highlight them. Allegations primarily center on withdrawals and deposits, with some even criticizing the broker for its poor customer support service. So, if you are also among the affected ones or are willing to invest here, you must read this InteractiveBrokers review article. Here, we have examined these allegations against the forex broker.
Basics of Foreign Exchange and Currency Pairs in India by Junior Oneii
The countdown for a full-fledged discussion on the topic titled - Basics of Foreign Exchange and Currency Pairs - has begun. On March 17, 2026, the WikiFX team will conduct a live session with Junior Oneii, a full-time Forex and Crypto trader, while also earning the reputation of a Key Opinion Leader (KOL) across financial markets. The hon’ble guest will share insights on the Indian forex market ecosystem, including its mechanisms, advantages, and inherent challenges
Exchange Rate Fluctuations: Key Facts Every Forex Trader Should Know
The forex market is a happening place with currency pairs getting traded almost non-stop for five days a week. Some currencies become stronger, some become weaker, and some remain neutral or rangebound. If you talk about the Indian National Rupee (INR), it has dipped sharply against major currencies globally over the past year. The USD/INR was valued at around 85-86 in Feb 2025. As we stand in Feb 2026, the value has dipped to over 90. The dip or rise, whatever the case may be, impacts our daily lives. It determines the price of an overseas holiday and imported goods, while influencing foreign investors’ perception of a country. The foreign exchange rates change constantly, sometimes multiple times a day, amid breaking news in the economic and political spheres globally. In this article, we have uncovered details on exchange rate fluctuations and key facts that every trader should know regarding these. Read on!
STT Hike and Its Impact on Indian F&O Traders
The Indian Finance Minister Nirmala Sitharaman, while announcing the Union Budget 2026-27, proposed a sharp rise in the Securities Transaction Tax (STT) on Futures and Options as part of the government’s strategy to soothe the country’s overheated derivatives market. The move comes on the backdrop of regulators’ concerns over excessive speculation in F&O allowing retail traders to enter the market and lose capital. Whether the government will be able to curb excessive speculation in F&O through this move remains to be seen. The stock indices, however, were hit hard, with the BSE Sensex falling by 1500 points amid widespread selling on the STT hike. Let’s examine the potential impact of this hike on Indian F&O traders.
WikiFX Broker
Latest News
The Moving Average Trap: How to Read Price Action for Earlier Forex Entries
WikiFXWhy Real Money Forex Trades Trigger Early Exits
WikiFXWhy Minute-by-Minute Forex Scalping Often Breaks Beginner Accounts
WikiFXBreaking the Illusion: Why the Forex Market is Not Targeting Your Capital
WikiFXReview 2026: Trade Nation Regulation, Platform Access, and Complaint Signals
WikiFXAssexmarkets Review 2026: Severe Complaints, Unregulated Status, and Login Risks
WikiFXWTI Crude Sinks as Strait of Hormuz Reopens
WikiFXCrude Oil Sinks On Iran Deal
WikiFXFBS Review: Regulated Broker or High-Risk Forex Trap?
WikiFXDollar Weakens and Oil Slumps on Deal
WikiFXRate Calc
