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The WikiFX Score of this broker is reduced because of too many complaints!
Ridge Corporation
Japan|1-2 years| Suspicious Scope of Business|Suspicious Overrun|High potential risk|
https://www.ridgecorporation.co/index.html
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https://www.ridgecorporation.co/index.html
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Broker Information
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Company Name
Ridge Corporation LLC
Company Abbreviation
Ridge Corporation
Platform registered country and region
Japan
Company website
Pyramid scheme complaint
Expose
Check whenever you want
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Warning: Low score, please stay away!
4
Previous Detection :
2024-04-27
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
19 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
缴了营利税（20%） 、换汇手续费（5%）、个人所得税后，仍未按时出金！
Ridge Corporation是诈骗交易商，恶意不出金！
2023-07-02 19:14
Others
This is a fraudulent company that deletes accounts for no reason.
I applied for a withdrawal of 2000$, but after 48 hours I haven’t received any. So I inquired, only to find that my account was deleted and I could not log in.
2023-07-18 10:12
Resolved
About unfreezing
I made a mistake in the registered account, so I contacted the person in charge and heard that it was frozen on the way. I was told that the payment would be made after business hours, so I'm waiting, but even after the 5th business, the payment was not made, and the person in charge was late in replying, and I didn't know the progress, so I wondered what was going on.
2023-05-17 10:00
Unable to Withdraw
Attention Ridge Corporation, this is a big fraud group company, if you are not a victim, please stay away as soon as possible to avoid being deceived!
Ridge Corporation, the operating platform of this brokerage, absolutely don’t believe the link URLs they provide, they are all behind scenes, and don’t increase value deposit, they provide all head accounts, after you deposit and invest, If you are transferred away immediately, you will suffer heavy losses, so stay away as soon as possible or call the police immediately! Don't hesitate... It is definitely a real scam group company!
2023-07-06 17:29
Unable to Withdraw
Fraud
This company was made to make fraud. Please do not open absolutely.
2023-05-01 20:37
Unable to Withdraw
The withdrawal is done on the MT5 but does not return an answer though it is applying for the payment
Last night, I made an application for payment, but it is pulled out on the MT5 which is not transferred to the silver country and is still not transferred to the bank
2023-05-18 10:11
Unable to Withdraw
Not registered with the Financial Services Agency
I applied for a withdrawal on May 9th, but it has not been withdrawn. (On the website, it is stated that "Within 3 business days after the request *In principle, payment will be made on the same day if received by 11:00 am on business days excluding weekends and holidays.") Registered with the Financial Services Agency on May 16 I received a report that it is a company that does not.
2023-05-16 12:11
Unable to Withdraw
When you apply for a withdrawal, you are constantly asked to pay various taxes and fees. After you have paid all of them, you will get played for a sucker at one time, and they won't contact with you after that.
The devil broker, Ridge Corporation is operating fraudulently, and it has no integrity at all. The customer service is full of good words, and the hype is full of hype. I hope that the majority of investors will not be deceived again. All their linked websites are all fake, fake cards, and deposit accounts. , are all warning head accounts, you must not deposit money, increase investment, say one thing, full of lies, advise investors who have participated, quickly withdraw money and leave, and report to the police.
2023-07-20 13:33
Unable to Withdraw
I will not be paid for any application. Even if you ask about the payment procedure, there is no reply.
In the past, the reply has come quickly, but it is neglected even if the application of the payment is suddenly urgent, and it is not possible to pay.
2023-05-09 12:49
Unable to Withdraw
After making a deposit request, we lost contact.
There was a professor named Hayakawa Masahiro in the investment group, and he provided trading instructions. There was also a person named Kitayama Daisaku in support. We made a deposit request and provided the transfer destination. After that, we lost contact.
2023-06-08 13:33
Scam
I applied for a withdrawal and never received a reply from my account manager.
It is said that it will be transferred to the bank account within 24 hours, it is said that it is said that it is transferred into the bank account, and Tomohisa Shirakawa who is charged for the first time is not fraudulent, and it is not fraudulent, and the money of the money called the guarantee money is not transferred to the bank account, and it doesn't get into the bank account I don't know why I should not use
2023-05-19 08:58
Scam
If you are cheated and want to cheat again, you will not be able to get any money, so your account would be blocked forever as compensation. Ridge Corpoeation is going to die soon.
The customer service of Ridge Corporation said that I exposed them and wanted me to compensate them for the 1.5 million US dollars I applied for, and 10% of the NT$48 million they lost, which is NT$4.8 million. They also wanted to cheat me out of my money. The investing public must remember to call the police, catch them all, let their companies go bankrupt, spit back the money defrauded by investors, catch them one by one, let them sit in the bottom of the prison, and taste the consequences of defrauding people, having no conscience, and being inferior to animals.To trick them back, let them feel cheated! Come on, everybody…
2023-07-21 13:19
Unable to Withdraw
Cannot contact them
I applied for a withdrawal, but I haven't heard from the person in charge, Tomohisa Shirakawa, and the money hasn't been transferred to my bank account.
2023-05-18 10:17
Unable to Withdraw
I cannot withdraw a large amount. An account number has been tampered with.
After an account number registration, I tried to make a small amount of money to try, and I made the payment application of 10000 dollars a week. Because I will not be paid. Please confirm the account number. When I confirmed it, I changed the account number one place.
2023-04-25 13:36
Unable to Withdraw
The painful lesson of 50 million loss, Ridge Corporation is a big fraud group company, everyone should divest and leave immediately!
This Ridge Corporation brokerage platform, when you apply for a large amount of withdrawal, you will pay various taxes, profit tax, income tax, etc., and will not notify you all at once, and then keep paying this and that fee. It's difficult for you to not pay, and their words are nice, but after paying, you will be harvested all at once, and you will be ignored, the viciousness is serious, and heaven will not tolerate it!
2023-07-14 14:47
Others
Ridge Corporation, a black platform, was formerly Fasonla Tech. After this transformation, it continued to defraud.
Grizzly Taiwan practitioners just Ridge Corporation is a scam company and a black platform. Its predecessor was Fasonla Tech. It was tracked and monitored afterwards and changed to Ridge Corporation. I am a participant who has been using it all the way. You must be careful not to be fooled. The accounts they use to save money are all head accounts. As soon as you make a deposit, the money will be transferred to the agreed account immediately. The speed is very fast. Next, if you want to apply for a withdrawal, There will be even more difficulties. At least you have to pay a large amount of taxes of three to four kinds, for example, profit income tax, US dollar exchange tax, personal income tax and tax bureau material tax. As for what kind of tax you have to pay and how much is it? It's up to they! They are extremely black-hearted. As long as they want your money, they will cheat you as much as they can. It’s not an exaggeration to describe these people as “absolute sons and grandchildren”. People always have to pay back when they come out to mess around, and the retribution will come soon. I am kind and embarrassed to curse them. I hope those who are still operating on their platform will withdraw their capital and leave as soon as possible. Call the police to arrest people, sue them to death, and let them taste the pain of family ruin! Retribution is coming soon! In order to protect the rights and interests of our users to the greatest extent, our company has fully upgraded and updated the website and trading platform. Thank you. Thanks to all users for their support and understanding. Bank: Cathay United Bank Code: 013 Branch: Danfeng Branch Quota: 200 Hello, please follow the account 09:03 1 Keji Sijichang Branch Code: 017 Account Number: Xiang 06610089788 Quota: 100 The remaining 500,000 Bank of Tomorrow: Cathay Pacific United Bank Code: 013 Branch: Danfeng Branch Quota: 200 Hi, 解立照Account 09:03 Account Name: Jiang Minglun Bank: Bank of Taiwan Branch: Taiwan Bank Nangang Park Code: 004 Account Number: 225004052849 Quota: 50 Bank: Taishin International Commercial Bank Branch: North Kaohsiung Branch Code: 812 Account Number: 2046100035224 5 •Okay, please wait a moment 0106 •Account Name: Hong Weilin Bank: Taishin International Commercial Bank Branch: North Kaohsiung Branch Code: 812 Large amount It is necessary to exchange funds from US dollars to Taiwan dollars, and 2,400,000 New Taiwan dollars are required. After the payment is completed, your funds will be remitted to your bank before Friday. Look, today
2023-07-15 17:58
Ridge Corporation · Company Summary
| Aspect | Information |
| Company Name | Ridge Corporation |
| country/registered area | Japan |
| Foundation year | within 1 year |
| Regulation | not regulated |
| Maximum Leverage | Offers 1:2 leverage |
| Untables | The main spread for the USD/JPY currency pair is fixed at 0.2 cents. Actual spreads may vary for individual clients, and the broker does not guarantee the spreads displayed in its advertisements. |
| trading platforms | commercial view |
| tradable assets | Offers to trade 27 currency pairs |
| Customer Support | live chat |
| Educational resources | Provides educational resources covering finance, economics, and business, including information on exchange rates, two methods of analysis (fundamental and technical), and key technical indicators. |
Overview of Ridge Corporation
Ridge Corporationis a Japan-based brokerage firm that was established last year. The company operates without regulation and offers a maximum leverage of 1:2.
when it comes to spreads, Ridge Corporation sets the main spread for the usd/jpy currency pair at 0.2 cents. however, actual spreads may vary for each client and advertised spreads are not guaranteed by the broker. the trading platform used by Ridge Corporation is a business view, providing users with a robust and easy-to-use interface. traders can engage in transactions with a wide range of assets, as the company offers trading in 27 currency pairs. Customer support is available via live chat, ensuring prompt assistance to address any queries or concerns.
besides, Ridge Corporation provides educational resources covering various aspects of finance, economics, and business, including exchange rates, fundamental and technical analysis methods, and key technical indicators.
Is Ridge Corporation legit or a scam？
The broker lacks a valid regulation. This lack of regulation poses a risk to potential customers.
Specifically, in the United States, the broker is not authorized or regulated by the National Futures Association (NFA). It is important to be careful and understand the associated risks when considering hiring this broker.
Additionally, the broker exceeds the scope of business regulated by the NFA. Trades beyond the permissible limits set by the National Futures Association, specifically with respect to non-forex activities. This expansion of business activities beyond the regulated realm further emphasizes the need for caution.
Furthermore, the information indicates that the broker lacks trading software. This suggests that the broker does not provide a platform to execute trades. This absence of a trading software can be considered as an additional factor to take into account when evaluating the suitability of the broker for trading activities.
Pros and Cons
one of the advantages of Ridge Corporation is that it offers leverage of 1:2, allowing traders to potentially extend their returns. In addition, the company offers a fixed margin of 0.2 cents for the usd/jpy currency pair, ensuring price transparency. besides, Ridge Corporation uses the trading view platform, which offers a robust and easy-to-use trading experience. The company also offers live chat customer support, providing quick assistance in addressing any queries.
however, it is important to note that Ridge Corporation it lacks regulation, which can raise concerns about the safety of funds. Actual spreads for individual customers may vary, and there is no guarantee about the spreads shown in your advertisements. the lack of transparency regarding the minimum deposit and account types can also be a drawback for potential traders. besides, Ridge Corporation does not provide a demo account, which limits the ability of users to practice and test their trading strategies. Furthermore, there is no mention of any specific trading software or platform, which may affect the overall trading experience and functionality.
| Pros | Cons |
| Offers 1:2 leverage | lack of regulation |
| Fixed spread for USD/JPY at 0.2 cents | Actual spreads may vary for individual clients |
| Provides the Trading View platform | There is no guarantee on the spreads shown in the advertisements |
| Provides live chat customer support | Lack of transparency regarding minimum deposit and account types |
| Offers educational resources. | No demo account |
| There is no specified software or trading platform |
Market Instruments
Ridge Corporationoffers a wide range of trading opportunities with 27 currency pairs available to trade. As of February 2020, each currency pair can be traded from 1,000 currency units, which is equal to 0.1 lots. For example, if the exchange rate for the “US dollar/yen” pair is 108 yen, a position of 1,000 US dollars (equivalent to 108,000 yen) would be used for calculation purposes. This flexibility allows traders to engage in trades with smaller investment sizes and manage their positions accordingly.
How to open an account？
to open an account with Ridge Corporation , you can follow the steps below:
1. visit the Ridge Corporation Website: Go to https://www.ridgecorporation.co/
2. Go to the account registration page: search for a “Account opening” button or link on the homepage of the website.
3. Provide your personal information: Complete the registration form with the required details. This generally includes your full name, email address, phone number, and sometimes your physical address.
4. Agree to the terms and conditions – Read the terms and conditions, the privacy policy, and any other agreements that are presented to you. If you agree with them, please check the box or click the appropriate button to indicate your acceptance.
5. Complete additional verification steps – Depending on platform requirements, you may be required to complete additional verification steps to confirm your identity. This could involve providing identification documents or undergoing a verification process.
6. Submit Your Registration – Once you have filled out all the necessary information and have completed the verification steps, please review your details for accuracy. Click the “Submit” or “Create Account” button to finish your registration.
7. Sign in to your account: Once your registration is complete and verified, you can sign in to your newly created account Ridge Corporation account using your chosen username and password.
Leverage
Leverage, such as 1:2 leverage offered by Ridge Corporation , provides several advantages:
Increased Potential Returns: Leverage allows investors to amplify their potential profits. By investing a smaller amount of capital and borrowing the rest, investors can control a larger position in the market. If the investment performs well, the returns are magnified, leading to higher profits.
Diversification opportunities: With leverage, investors can allocate their capital to multiple investment opportunities simultaneously. This diversification can help spread risk across different assets and potentially improve overall portfolio performance.
Enhanced Business Opportunities: Leverage opens up opportunities for traders to participate in larger and more liquid markets that are otherwise inaccessible. It allows traders to enter positions with a fraction of the required capital, providing flexibility and the ability to take advantage of market movements.
capital efficiency: Leverage allows individuals and businesses to make the most of their available capital. By borrowing funds, they can tap into their existing resources and increase their investment capacity without tying up all their own capital.
Potential for accelerated wealth accumulation: The successful utilization of leverage can accelerate wealth accumulation by increasing returns. When returns are reinvested, the effect of compounding is amplified due to the larger position size that leverage allows.
Spreads and Commissions
Ridge Corporationoffers competitive spreads to ensure maximum profitability for traders. Unlike other hidden costs, Ridge Corporation does not charge fees for opening an account, trading, stop-loss orders, direct deposits or withdrawals. while the spreads announced by Ridge Corporation LLC serve as a general rule of thumb and are fixed during certain hours, it is important to note that actual spreads for individual clients may vary. Ridge Corporation does not guarantee the spreads shown in its advertisements. A spread represents the difference between the buy (ask) price and the ask (ask) price of a currency pair. while financial institutions benefit from spreads, clients incur costs during transactions. Ridge Corporation LLC The main spread for the dollar/yen (usd/jpy) currency pair is set at 0.2 cents. For example, if another company offers a spread of 0.6 cents, the difference is 0.4 cents, which translates to 4 yen for $1,000, 40 yen for $10,000, and 400 yen for $100,000. Forex, where leverage allows for significant trades, even small differences in spreads can have a substantial impact. Tight spreads are advantageous to traders as they allow for the pursuit of profits on even small, short-term price movements and encourage more frequent trading.
Trading Platform
Ridge CorporationThe trading platform is a high-performance tool that offers a relatively convenient trading experience. supports trading view, a stress-free trading analysis tool that provides comprehensive market insights. our platform consolidates all the information necessary to operate on a single screen, which guarantees comfort and efficiency. In addition, users have the flexibility to customize the layout of their screens according to their preferences. With our platform, traders can perform extensive chart analysis, allowing them to make well-informed trading decisions.
Deposit and Withdrawal
Deposits and withdrawals with Ridge Corporation they are processed quickly and smoothly. The platform is supported by approximately 340 financial institutions across the country, making it easy for users to make direct deposits via their computer or smartphone. This streamlined process allows for fast transactions, allowing users to trade immediately once they have a trading idea or strategy in mind.
Customer Support
Ridge Corporationoffers customer support services through its live chat feature on its website. customers can conveniently contact the online customer support team to ask any questions or seek help. Although specific details about the scope of its customer support services are not explicitly stated on the website, the live chat feature serves as a direct communication channel for customers to connect. Ridge Corporation the support team.
Educational Resources
Ridge Corporationoffers a wide range of educational resources covering finance, economics and business. These resources include information on exchange rates and two methods of analysis (fundamental and technical), how to use an economic calendar, US economic indicators, reading charts, leading economic indicators, and key technical indicators. These resources are designed to provide individuals with the knowledge and skills necessary to navigate the financial world and make informed decisions.
Conclusion
In summary, Ridge Corporation offers advantages such as 1:2 leverage, a fixed spread for the usd/jpy currency pair, the trading view platform and live chat customer support. however, it is important to be aware of the downsides, including lack of regulation, possible variations in spreads for individual clients, limited transparency about minimum deposit and account types, the absence of a demo account, and software or trading platform not specified. merchants should carefully evaluate these factors to assess the suitability of Ridge Corporation for your trading needs, taking into account the potential risks and limitations associated with the broker.
Frequently Asked Questions
Q: what is it Ridge Corporation a regulated broker？
A: Ridge Corporation it is currently unregulated and operates without the oversight of any regulatory authority.
Q: What is the maximum leverage you offer Ridge Corporation ？
A: Ridge Corporation offers a maximum leverage of 1:2, allowing traders to control larger positions in the market with a smaller amount of capital.
Q: Do spreads stay the same for all clients？
A: A while Ridge Corporation advertises fixed spreads, it is important to note that actual spreads may vary for individual clients based on market conditions and other factors.
Q: What's up Ridge Corporation provide a demo account for practice？
A: Unfortunately, Ridge Corporation does not offer a demo account for traders to practice their strategies before engaging in live trading.
Q: what trading platform does Ridge Corporation offer？
A: Ridge Corporation provides access to the trading view platform, which offers a range of tools and functions for comprehensive market analysis and trade execution.
Q: How can I contact customer service at Ridge Corporation ？
A: Ridge Corporation offers customer support via live chat, providing a convenient way for merchants to get support or ask any questions they may have.
User Reviews
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Harrison Montgomery
more than one year
So, Ridge Corporation is a bit iffy. Yeah, the 1:2 leverage sounds tempting, but without regulation, it's like playing dice with our money. The fixed spread for USD/JPY might be clear, but they say it can vary for each of us, and there's no guarantee on those spreads they're advertising. They're keeping us in the dark about minimum deposits, no demo account to try things out, and what's the deal with not telling us about the trading software? It's like they're leaving us in the dark on purpose. Definitely, something to mull over before deciding.
2023-12-07 14:21
Clarabelle
more than one year
Alright, so Ridge Corporation has some interesting stuff going on. They offer this unique 1:2 leverage, which could be cool for potential returns. The fixed spread for USD/JPY at 0.2 cents seems transparent, and using Trading View for trading is user-friendly. The live chat support is handy, and they've got a bunch of educational resources. But here's the catch – the lack of regulation raises a flag for the safety of our funds. Also, they didn't spill the beans on minimum deposits and account types, no demo account to test the waters, and they're keeping mum about the trading software. Something to think about before jumping in.
2023-12-06 16:11
FX1504382889
more than one year
Wow, Ridge Corporation is the real deal! Their leverage of 1:2 is like having a secret weapon in the trading world. I've been able to amplify my gains and make some serious profits. The fixed spread on USD/JPY is just icing on the cake. They've got the tools and platform to make trading a breeze. Thumbs up!
2023-06-28 12:09
杨帆81902
more than one year
I have already email customer support multiple times, as of today, none of my email have been reply yet. This is the worst customer support that I have ever face. Sorry, I almost forgot to mention that spreads offered by this broker were huge which you can hardly imagine. Guess what, another scammer.
2023-03-20 18:21 19
