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The WikiFX Score of this broker is reduced because of too many complaints!
Richness Empire
United Kingdom|2-5 years| Suspicious Regulatory License|White label MT5|Chinese market only|High potential risk|
https://www.richepfx.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
2
Server Name
RichnessEmpire-Demo MT5
Server Location 
Hong Kong
Hong KongContact
+0044 4374206
cs@richepfx.com
https://www.richepfx.com/
First Floor, Providence Complex, Providence, England
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Contact number
English
+0044 4374206
Broker Information
More
Company Name
Richness Empire Limited.
Company Abbreviation
Richness Empire
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
2
Previous Detection :
2024-04-18
- 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 4 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
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Exposure
4 pieces of exposure in total Pyramid scheme complaint
ExposeRichness Empire · Company Summary
General Information & Regulation
Richness Empire Limited (Richness Empire) is a UK-registered broker, with its founding time, the company behind it not disclosed to all. However, there is no related regulation information displayed anywhere, so it is unsafe to trade with this broker.
Market Instruments
Tradable financial instruments available on the Richness Empire platform include more than 250 products including forex currency pairs, precious metals, energies and shares.
Minimum Deposit
Richness Empire does not indicate its minimum initial deposit. In most cases, many legit broker will require a minimum initial deposit around $100 or even less. Since this broker is unregulated, traders are not advised to register real trading accounts.
Leverage
Richness Empire offers trading leverage up to 1:500 for forex trading. To be honest, trading with Richness Empire, an unregulated broker, on such generous leverage is not necessarily a good thing.
Spreads & Commissions
In terms of spreads and commissions, Richness Empire does not make this part clear. In most cases, the benchmark EUR/USD pair is within 1.5 pips offered by most broker.
Trading Platform Available
Richness Empire supports the MetaTrader5, which along its predecessor, the MetaTrader4 is one of the most widely used trading platforms on the market. MT5 features an excellent pack of advanced charting tools, many market indicators and easily customizable trading bots, with the help of which one can easily run automated trading sessions.
Deposit & Withdrawal
When it comes to deposit & withdrawal payment methods, Richness Empire does not make this part clear. In most cases, most brokers support Credit/Debit card (VISA, MasterCard, Maestro), Wire transfer, Skrill and Neteller for traders to fund their accounts.
Customer Support
The Richness Empire customer support team can be reached through email: cs@richepfx.com, telephone: +0044 4374206. UFS Market claims that it offers 24/5 live chat, however, this is unavailable after looking through its website. Besides, Richness Empire website is available in seven languages for traders from different countries.
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