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Rizq Capital

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|White label MT5|Regional Brokers|High potential risk|

https://rizqcapital.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
RizqCapital-Demo MT5
Server Location Netherlands

Contact

+92 300 0900038
support@rizqcapital.com
https://rizqcapital.com
https://www.facebook.com/rizqcapital

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

+92 300 0900038

Broker Information

More

Company Name

Rizq Capital LLC

Company Abbreviation

Rizq Capital

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
Facebook
Instagram
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-04-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Rizq Capital · Company Summary

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.

What is Rizq Capital?
What is Rizq Capital?

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.

Regulation: A Major Concern

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.

Account Types Minimum Deposit Maximum Leverage Minimum Spreads
Standard $100 1:200 From 2.5 pips
Elite $2500 1:200 From 2 pips
Pro $10000 USD 1:200 From 1.5 pips

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.

Official Website: Inaccessible

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.

User Reviews

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4

Comments

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Noah Smith
more than one year
It felt like I was constantly chasing my tail. Different customer support staff gave me conflicting information. One said I could have two accounts, another said only one, and yet another claimed my existing MT4 account (which I knew was active) was just a demo! It took multiple emails and even then, some staff didn't bother reviewing the previous communication, leaving me to explain the situation from scratch every time.
2024-04-18 14:49
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0
0
BigoneTrader
more than one year
Their customer service is about as useful as a screen door on a submarine. Good luck getting anyone on the line who can actually help you with your issues. And don't even get me started on the lack of transparency around their trading costs and hidden fees. Talk about a headache waiting to happen.
2024-04-18 12:15
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0
0
0 Aki Chen
more than one year
Deposited money through card and requested withdraw of 25% of the deposit, just hours later, and it gets declined due to ”it needs to be verified”. Super slow support that asks the same question multiple time even tho the answer, and more, has been given multiple. Been waiting for withdrawl 3 days now and still waiting for confimation.
2024-04-17 11:13
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0
0
Yuri2
6-12months
From February 14th, Rizq Capital restricted my account. This means I couldn't access any of my funds. If you go through all the comments on their Facebook page, you'll see many other clients reporting similar experiences. I filed complaints with the SEC and FINRA. The SEC forwarded my complaint to Rizq Capital, requesting specific explanations for the restrictions. Their response will be sent to me and the SEC compliance department. Two days later, the restrictions were lifted. I withdrew my funds and closed the account.
2024-03-15 10:19
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