Rizq Capital

What is Rizq Capital？

Rizq Capital is an online trading brokerage that was born in Saint Vincent and the Grenadines, an offshore area where countless brokers pop up constantly. Rizq Capital is the trading name of Rizq Capital LLC, and this broker has a short operational history, around 2-5 years long. Rizq Capital appears to offer multiple contact channels for clients to reach out to them. Clients can contact Rizq Capital via both phone and email, providing convenient communication channels. Additionally, the company seems to maintain an active presence on several popular social media platforms, including X (formerly Twitter), Facebook, LinkedIn, and Instagram.

Regulation: A Major Concern

Per WikiFX, THE OKX CRYPTO FIELD has received a relatively low score of only 1.15 out of 10. This suggests that the broker lacks the necessary credentials, financial stability, and operational transparency that would be expected from a reliable and trustworthy trading platform.

Trading Conditions Revealed

Rizq Capital seems to be targeting only the most affluent and experienced traders, with exorbitantly high minimum deposit requirements that effectively exclude casual or beginner investors. The standard account demands a hefty $100 just to get started, while the pro-level account requires an astonishing $10,000 – an astronomical sum that puts this broker firmly out of reach for the average retail trader.

Even more concerning are the broker's trading conditions, which appear to heavily favor their own interests over that of their clients. The spreads are shockingly wide, starting at 2.5 pips for the standard account and only marginally improving to 1.5 pips for the high-roller pro account. This suggests the broker is more concerned with lining its own pockets than providing competitive pricing for traders.

While the leverage offered is high at 1:200 across all account types, this seems to be a ploy to draw in unsuspecting traders, as the exorbitant minimum deposits and wide spreads ultimately tilt the playing field firmly in the broker's favor. Overall, this appears to be a broker that caters exclusively to the financial elite, with little regard for the needs of the average retail trader.

Official Website: Inaccessible

Rizq Capital's official website at https://rizqcapital.com is currently non-functional. When attempting to access this URL, the page fails to load properly, and it only says: Sorry, that didn't work. Please Try again or come back later.

Conclusion

Overall, Rizq Capital is an unregulated broker with a low score. Extra caution, therefore, should be taken when dealing with this broker. To learn more about the regulatory status and operational details of more brokers, please visit the WikiFX website.