Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Rich Smart

New Zealand|2-5 years| Benchmark AAA|
Straight Through Processing(STP)|MT4 Full License|Global Business|

https://ricsmagroup.com/

Website

Rating Index

Benchmark

Benchmark

AAA

Average transaction speed (ms)

585.3

MT4/5

Full License

RichSmart-Demo

Singapore
MT4
6

Benchmark

Speed:B

Slippage:AAA

Cost:A

Disconnected:C

Rollover:AAA

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
RichSmart-Demo MT4
Server Location Singapore

Contact

+64 9802 3421
support@ricsmagroup.com
https://ricsmagroup.com/
L8W5/300 Queen Street, Auckland Central, Auckland 1010, New Zealand

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+64 9802 3421

Broker Information

More

Company Name

Rich Smart Finance Limited

Company Abbreviation

Rich Smart

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Verification

Rich Smart · Benchmark
Average transaction speed(ms)
585.3
The highest transaction speed(ms)
468 Poor
The highest speed of opening positions(ms)
468 Poor
The highest speed of closing position(ms)
469 Poor
The lowest speed of opening positions(ms)
717 Great
The lowest speed of closing position(ms)
703 Great
Ranking: 9 / 134
Test user 167
Orders 1,089
Ocuppied margin $282,709 USD
Data Source WikiFX Data provide
Updated: 2024-05-21 01:05:SS

Users who viewed Rich Smart also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GMI

7.47
Score
5-10 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

Decode Global

8.35
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FBS

8.75
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website
Pyramid scheme complaint
Expose

Rich Smart · Company Summary

Aspect Information
Registered Country/Area New Zealand
Founded Year 1-2 years
Company Name Rich Smart
Regulation Australian Securities and Investments Commission (ASIC)
Minimum Deposit Not specified
Maximum Leverage Forex: 1:500, Indices & Commodities: 1:100
Spreads ECN Account: Starting from 0 pips, Standard Account: Starting from 1 pip
Trading Platforms MetaTrader 4 (MT4)
Tradable Assets Forex, Metal & Energy, Index-Spot, Stock-CFD, Cryptocurrency
Account Types ECN Account, Standard Account
Demo Account Not specified
Customer Support Email: support@ricsmagroup.com, Phone: +64 9802 3421
Payment Methods Bank Transfer, Tether, Mastercard, VISA, FastPays
Educational Tools Not specified

Overview of Rich Smart

Rich Smart is a New Zealand-based broker that offers a variety of market instruments for trading. Traders can access forex instruments with major currency pairs, metal and energy markets, index-spot trading, stock contracts for difference (CFDs), and cryptocurrency trading. However, it is important to note that due to the lack of regulation, engaging with Rich Smart may carry additional risks in these markets.

The broker provides different account types, including the ECN Account and the Standard Account. The ECN Account offers spreads starting from 0 pips and charges a commission of $6 per lot, while the Standard Account features spreads starting from 1 pip and offers zero commission trading. Leverage options are available for Forex, indices, and commodities, with varying ratios depending on the chosen account type. It is essential to carefully consider the risks and benefits associated with these account types before selecting one.

 basic-info

Pros and Cons

Rich Smart offers a range of market instruments, including forex, metals & energy, index-spot, stock CFDs, and cryptocurrencies, providing traders with diverse options for investment. They also provide two account types, including an ECN account with no commission. The broker features MetaTrader 4 (MT4) as their trading platform, which is known for its comprehensive features and tools. Rich Smart accepts multiple payment methods, providing options for clients to deposit and withdraw funds. Additionally, their spreads start from 0 pips. However, the broker has limited information available, including details on deposit and withdrawal processes. Furthermore, there is a lack of specific trading tools and educational resources. Lastly, Rich Smart has limited language support and availability.

Pros Cons
Offers a range of market instruments such as forex, metals & energy, index-spot, stock CFDs, and cryptocurrencies No mention of Demo or Islamic account
Provides two account types with details Limited information on deposit and withdraw
No commission for ECN account Limited information available about the company
Features MetaTrader 4 (MT4) as a trading platform with comprehensive features and tools Lack of specific trading tools and educational resources
Accepts multiple payment methods including bank transfer, Tether, Mastercard, VISA, and FastPays Limited language support and availability
Spreads starts from 0 pip

Regulation

Rich Smart is a regulated broker, and it is regulatted by the ASIC in Australia under regulatory license number 441277. Meantime, it also registered with ASIC, holding an AR license.

regulation

regulation

Market Instruments

Forex: Rich Smart offers a range of forex instruments for trading, including major currency pairs such as AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, EURGBP, EURJPY, and GBPJPY. These currency pairs allow traders to speculate on the exchange rate movements between different currencies.

market-instruments

Metal & Energy: Rich Smart provides access to metal and energy markets, including XAGUSD (Silver), XAUUSD (Gold), UKOil (Brent Crude Oil), USOil (WTI Crude Oil), and NGAS (Natural Gas). Traders can participate in these markets by speculating on the price fluctuations of these commodities.

market-instruments

Index-Spot: Rich Smart offers index-spot trading, allowing traders to engage with various stock indices. Some examples of the indices available for trading include AUS200cash (Australian 200 Index), EU50cash (Euro Stoxx 50 Index), FRA40cash (CAC 40 Index), GER40cash (DAX Index), JAP225cash (Nikkei 225 Index), N25 (Nifty 25 Index), and SPA35cash (IBEX 35 Index).

market-instruments

Stock-CFD: Rich Smart enables traders to trade stock contracts for difference (CFDs) on a variety of stocks. Traders can speculate on the price movements of stocks such as AAPL.OQ# (Apple Inc.), MSFT.OQ# (Microsoft Corporation), AMZN.OQ# (Amazon.com Inc.), TSLA.OQ# (Tesla Inc.), GOOG.OQ# (Alphabet Inc.), FB.OQ# (Facebook Inc.), AIG.N# (American International Group Inc.), JNJ.N# (Johnson & Johnson), JPM.N# (JPMorgan Chase & Co.), and LVMH.PA# (LVMH Moet Hennessy Louis Vuitton SE).

market-instruments

Cryptocurrency: Rich Smart provides trading opportunities in the cryptocurrency market. Traders can engage in speculative trading on cryptocurrencies such as BCHUSD (Bitcoin Cash), BTCEUR (Bitcoin Euro), BTCUSD (Bitcoin Dollar), DSHUSD (Dashcoin Dollar), ETCUSD (Ethereum Classic Dollar), ETHUSD (Ethereum Dollar), LTCUSD (Litecoin Dollar), XRPEUR (Ripple Euro), and XRPUSD (Ripple Dollar).

market-instruments
Pros Cons
Regulated by ASIC Lack of specific details on trading conditions
Wide range of forex instruments available for trading Limited information on trading fees and charges
Access to metal and energy markets for speculating on price fluctuations Lack of transparency regarding market execution and order handling
Opportunity to engage with various stock indices through index-spot trading Limited information on leverage and margin requirements
Enables trading of stock contracts for difference (CFDs) on a variety of stocks Lack of information on cryptocurrency trading fees and spreads
Provides trading opportunities in the cryptocurrency market

Account Types

Rich Smart offers a range of diversified trading account types to cater to the varying needs of traders.

ECN

One such account type is the ECN Account, which boasts a spread starting from 0 pips. With a minimum order volume of 0.01 and a step lot size of 0.01, this account allows traders to execute trades with precision. There is a commission of $6 per lot, ensuring that the broker generates revenue from the trading activity. The account also offers the option of swap, with a margin call set at 100% and a stop out level at 50%. Leverage options are available, with Forex offering a leverage of 1:500, and indices and commodities offering a leverage of 1:100.

STANDARD

Another account type provided by Rich Smart is the Standard Account. It features a spread starting from 1 pip, providing traders with a slightly wider spread compared to the ECN Account. Similar to the ECN Account, the Standard Account has a minimum order volume and step lot size of 0.01. One notable aspect of this account is that it offers zero commission trading, eliminating the need for traders to pay additional fees per lot. The account also provides the option for swap, with the margin call set at 100% and a stop out level at 50%. Traders can access leverage options, with Forex offering a leverage of 1:500, and indices and commodities offering a leverage of 1:100.

account-types
Pros Cons
ECN Account offers spreads starting from 0 pips Lack of mention of Demo or Islamic account options
ECN Account features a commission of $6 per lot Only two account types available
Standard Account offers zero commission trading

How to Open an Account?

To open an account with Rich Smart, follow these steps:

  1. Click on the “OPEN ACCOUNT NOW” button on their website.

open-account

2. Fill in the required information, including your email address and desired username.

3. Generate a unique user name, such as “AsGwlBznTaRK.”

4. Click on the “Send email verification code” button to receive a verification code to your registered email address.

5. Check your email and enter the verification code provided.

6. Review and agree to the terms and conditions.

7. Click on the “Register” button to complete the account opening process.

open-account

Leverage

Rich Smart offers leverage options for its trading accounts. The Forex market allows a leverage of 1:500, while indices and commodities have a leverage of 1:100.

Spreads & Commissions

Rich Smart offers different spreads and commissions based on the account type chosen. The ECN Account features spreads starting from 0 pips and a commission of $6 per lot. In contrast, the Standard Account has spreads starting from 1 pip and offers zero commission trading. These variations in spreads and commissions provide traders with options based on their trading preferences and requirements.

Trading Platforms

The trading platform offered by Rich Smart is MetaTrader 4 (MT4), which has received recognition in the industry. MT4 remains a popular choice among retail traders, catering to both beginners and experienced individuals in the financial market. The platform provides a comprehensive range of features and tools necessary for trading. Moreover, it includes embedded functionality and opportunities that are characteristic of MQL platforms. MT4 is available for Windows, Android, macOS, iOS, and also has a web-based version.

Within the MetaTrader 4 platform, there are several notable features that enhance the trading experience. These features include three types of order execution, a collection of 50 ready-to-use indicators for technical analysis, basic tools for graphic analysis, and the option to program custom trading robots using the MQL4 programming language. Additionally, MT4 offers trading capabilities such as one-click trading, allowing users to enter the market and close positions with a single click. Traders can also access the MetaTrader Market within the platform to purchase Expert Advisors and indicators directly. Furthermore, the platform provides news and signals, facilitating fundamental analysis and keeping users informed about financial market events.

Rich Smart provides the MT4 trading platform for users across various devices. Whether operating on Windows, Android, macOS, iOS, or via the web trader, traders can access the features and functionalities offered by MT4.

trading-platform
Pros Cons
Comprehensive range of features and tools for trading Limited transparency and information about the company
Supports multiple operating systems and devices Lack of advanced trading tools and educational resources
One-click trading functionality No alternative platform available

Payment Methods

Rich Smart offers a variety of payment methods to accommodate the needs of its clients. These include Bank Transfer, Tether (a stablecoin), Mastercard, VISA, and FastPays. Bank Transfer allows for direct transfers between bank accounts. Tether enables transactions using a stable cryptocurrency. Mastercard and VISA offer the method of using credit or debit cards, while FastPays provides a payment gateway integrating multiple options.

Customer Support

Rich Smart offers customer support through various channels, including email and phone. For email inquiries, customers can reach out to support@ricsmagroup.com. Phone support is available at +64 9802 3421. They have a physical address at L8W5/300 Queen Street, Auckland Central, Auckland 1010, New Zealand. The broker claims to provide multi-language support, ensuring assistance is available round the clock, five days a week.

deposit-withdrawal

Conclusion

In conclusion, Rich Smart, a broker based in New Zealand, presents both advantages and disadvantages. The lack of proper regulation raises concerns about transparency and accountability, potentially exposing investors to risks. Engaging with an unregulated broker like Rich Smart carries a higher likelihood of encountering fraudulent activities or unethical practices. On the positive side, Rich Smart offers a variety of market instruments for trading, including forex, metal and energy, index-spot, stock-CFD, and cryptocurrency. They also provide diversified trading account types, such as the ECN and Standard Accounts, catering to different trading needs. The broker utilizes the widely recognized MetaTrader 4 platform, offering a range of features and tools for trading. Rich Smart supports multiple payment methods, including bank transfer, Tether, Mastercard, VISA, and FastPays. Customer support is available through email and phone, with multi-language support offered. It is essential for investors to exercise caution and thoroughly assess the risks associated with engaging with an unregulated broker like Rich Smart before making any decisions.

FAQs

Q: What market instruments does Rich Smart offer?

A: Rich Smart offers forex, metal & energy, index-spot, stock-CFD, and cryptocurrency trading instruments.

Q: What are the account types offered by Rich Smart?

A: Rich Smart provides ECN and Standard account types with varying spreads and commission structures.

Q: How can I open an account with Rich Smart?

A: To open an account, visit their website, fill in the required information, verify your email, and agree to the terms and conditions.

Q: What leverage options does Rich Smart offer?

A: Rich Smart offers a leverage of 1:500 for Forex trading and 1:100 for indices and commodities.

Q: What are the spreads and commissions at Rich Smart?

A: The ECN Account features spreads starting from 0 pips with a commission of $6 per lot, while the Standard Account has spreads starting from 1 pip with zero commission.

Q: Which trading platform does Rich Smart offer?

A: Rich Smart offers the MetaTrader 4 (MT4) platform, available for various devices, including Windows, Android, macOS, iOS, and web-based.

Q: What payment methods are accepted by Rich Smart?

A: Rich Smart accepts Bank Transfer, Tether, Mastercard, VISA, and FastPays as payment methods.

Q: How can I contact customer support at Rich Smart?

A: You can reach Rich Smart's customer support via email at support@ricsmagroup.com or by phone at +64 9802 3421. They provide multi-language support during weekdays.

Q: What is the address of Rich Smart?

A: Rich Smart's physical address is L8W5/300 Queen Street, Auckland Central, Auckland 1010, New Zealand.

News

Today's Financial Updates

ReviewToday's Financial Updates

2024-05-22 09:40

Market Review | May 22, 2024

WikiFX
2024-05-22 09:40
Review
Today's Financial Updates
Today's Economic News

ReviewToday's Economic News

2024-05-21 09:08

Market Review | May 21, 2024

WikiFX
2024-05-21 09:08
Review
Today's Economic News
Today's Economic Highlight

ReviewToday's Economic Highlight

2024-05-20 09:13

Market review | May 20, 2024

WikiFX
2024-05-20 09:13
Review
Today's Economic Highlight
Market Watch

ReviewMarket Watch

2024-05-17 09:50

Market Review | May 17, 2024

WikiFX
2024-05-17 09:50
Review
Market Watch

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

6

Comments

Write a review

Liam Hugh
more than one year
RichSmart has always been at the top of my list as the best FX broker out there. Being in the USA, I appreciate their kind and friendly service, but especially their ECN account, true raw spreads.
2024-04-30 18:19
Reply
0
0
ExpertTrader
more than one year
I don't consider switching to another company. The low spreads and the extra features that I haven't seen in other firms during trades, the ease of deposit and withdrawal processes, and most importantly, the highly successful Customer Service make it stand out. There are multiple communication channels to reach them. I especially want to thank John Hunter, whose support and assistance made me love this broker even more.
2024-03-11 10:44
Reply
0
0
FX1485573802
more than one year
Hey there, seasoned trader speaking. Just wanted to put word out there for this New Zealand diamond in the rough - Rich Smart. Big tick on the ASIC regulation, gives me that nice fuzzy peace of mind. Now, the maximum leverage they provide, especially on Forex trades, we're talking 1:500 ratio, it's no joke! The spreads they offer on the ECN account starts from ground zero, couldn't ask for a better start. They've eased the money in, money out process with payment methods like FastPay - didn't expect to see that but well done Rich Smart. Now, education tools are not their strongest suit, but what they lack there, they make up elsewhere. It's been a trip and I'd say, well worth the ride.
2023-12-01 10:09
Reply
0
0
Kikoyo
more than one year
Wazzup! I've been moving and shaking with this Kiwi platform Rich Smart, and got to hand it to them - they've spiced up my trading routine in a good way. Their ASIC regulation is a weight off my shoulders - makes me feel safe, you know? The spreads for the ECN account are fantastic - starting from nada, zip, zero pips! Makes it a killer deal for me. The payment methods they got are as flexible as a gymnast - I mean, Tether, seriously? Props to them for offering that. As a lonesome trader who likes the dark more than the day,it would've been nice to see some tools to light up the trading scene a bit.
2023-11-30 14:20
Reply
0
0
steve55609
more than one year
Withdrawal speed could be faster, as I've encountered delays in accessing my funds. Customer support has been helpful and responsive, which is a relief.
2023-10-10 18:16
Reply
0
0
Samuel Thompson
more than one year
Firstly, the spreads - looser than a pair of old jeans. Making a profit was a smooth ride, like sailing on a lake on a sunny day. And the trading platform, as reliable as a Swiss watch. Smooth operations all the way, no unwanted surprises or glitches ruining the game. Talking about withdrawal speed, we’re talking speedier than a roadrunner with a coyote on its tail. And the customer support was on point, always there faster than a hiccup when I needed 'em.
2023-10-10 16:31
Reply
0
0
1
TOP
Select Country/Region
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com