Opinions and information about the broker Richmondfx
¿Is the broker Richmondfx (aka richmondfx.com) really trustworthy? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.
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The broker Richmondfx, is a broker of: Forex.
The broker mentions to be part of: Elit Property Vision LTD
Richmondfx is based on: They mention being based in England, Switzerland, Dubai and Singapore, but we couldn't find the regulations that Richmondfx should have based in those countries. Which makes us think that it may not really have a base in those countries.
If we talk about regulation, Richmondfx is: they mention being regulated but they do not provide information to verify the regulation, we were not able to verify the regulation of Richmondfx either, we believe it is an unregulated broker.
We will continue to analyze the different account types that Richmondfx offers. In the case of Richmondfx we noticed that they offer 4 different types of account: the Micro Account, the Standard Account, the Premium Account and the VIP Account.
Micro account- Minimum initial deposit of $ 250, spreads from 1 pip.
Standard Account: minimum initial deposit of $ 1.000, spreads from 1 pip, telephone trading, fund management.
Premium account: minimum initial deposit of $ 25.000, spreads from 1 pip, telephone trading, fund management.
VIP account: minimum initial deposit of $ 100.000, spreads from 1 pip, telephone trading, fund management.
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The trading platforms used are: the MT4 platform.
Now, yes, we will go on to analyze the different resources and aids that the company provides to traders on its website: explanation of the products that Richmondfx offers, explanation of basic concepts of the world of trading, frequently asked questions section, financial calendar, really. not much more.
Additional information about the company
Phone number: +442038685253
Clarification: The investment company Richmondfx works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.
With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with. Why? It is an unregulated broker, based in unsafe countries.
2020 update: CONSOB, Italy's financial regulator, has Reported to Richmondfx for fraudulent activities
March 2020 update: CNMV, the financial regulator of Spain, has Reported to Richmondfx for fraudulent activities
May 2020 update: CONSOB, Italy's financial regulator, has Reported a second time to Richmondfx for fraudulent activities
October 2020 update: CNMV, Spanish financial regulator, has Reported to Richmondfx for fraudulent activities.
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