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Richness Empire -

Score

1.51 /10
Danger

Richness Empire

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.richnessep.com/en/index.html

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Comparison

Quantity 28

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.97

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

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

Broker Information

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Company Name

Richness Empire

Company Abbreviation

Richness Empire

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-05-04
  • 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 26 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

28 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Unable to withdraw. Threaten users

I oculd witdhraw funds at the beginning. And then I have to pay a 40% tax.

mylife000
2021-07-16 10:42
Resolved

Obvious scam

After paying taxes, I was told that there are overseas funds remitted and I need to pay more than RM 10,000 deposit

FX3202107647
2021-07-19 11:37
Unable to Withdraw

Shameful financial scammer, Miss Wen Na

This is a fake platform, don't get fooled, they cheated from beginning to the end, and I still cannot withdraw money

FX3116545784
2021-07-12 07:27
Unable to Withdraw

Unable to login or withdraw funds

I deposited nearly half a million dollars into my platform account, and I can’t log in now, and I can’t withdraw funds normally. This platform is a fraud platform

FX3708082440
2021-06-12 22:19
Richness Empire · Company summary

General Information & Regulation

Richness Empire (or Richness Forex) is a forex exchange dealer registered in the United Kingdom, with its actual address, founding time and the company behind it unknown to all. And Richness Empire is an unregulated broker already exposed as a potential scam by the financial authorities in the UK.

Market Instruments

Tradable financial instruments available on the Richness Empire include forex currency pairs, commodities, indices, stocks, crypto currencies.

Minimum Deposit

With respect to the minimum initial deposit offered by this broker, Richness Empire does not make this broker clear. In any case, most piers of Richness Empirerequire initial deposits in the range of $100 – $250.

Leverage

In terms of trading leverage offered, Richness Empire provides leverage of up to 1:1000, which is pretty excessive and dangerous for traders. Most regulators have restricted the leverage that could be offered to retail investors to levels well below 1:100.

Spreads & Commissions

Richness Empire‘s platform offers the fixed spread on the EUR/USD pair at 2.0 pips, which isn’t favorable for traders.

Trading Platform Available

To our surprise, what Richness Empire offers its traders is the widely recognized and famous MT5 trading platform. However, given the fact that this broker is an unregulated one, the availability of the latest MetaQuotes platform doesnt make it a credible brokerage firm.

Deposit & Withdrawal

When it comes to payment methods available, this is another piece of information we miss. In any case, most brokers accept VISA and MasterCard, bank wires, and e-wallets like Skrill, Paypal, Neteller, etc.

Trading Risks

It is never a good idea to work with an unregulated broker. This is because there is no excuse for a broker not to have at least some kind of license. The lowest-tier regulators have minimal requirements and oversight, and it is not a good idea to sign up with a broker with a low-tier license.

User Reviews

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User comment

3

Comments

Write a review

Matthew111
more than one year
The spreads are absolutely ridiculous. It's like they're trying to take as much of your money as possible with every trade. And the trading platform itself is just plain bad. It's clunky, slow, and frustrating to use. But the worst part of it all has to be the customer service. It's like they're intentionally trying to be unhelpful. Every time I've had an issue or a question, they've been zero help at all. It's just so frustrating to deal with.
The spreads are absolutely ridiculous. It's like they're trying to take as much of your money as possible with every trade. And the trading platform itself is just plain bad. It's clunky, slow, and frustrating to use. But the worst part of it all has to be the customer service. It's like they're intentionally trying to be unhelpful. Every time I've had an issue or a question, they've been zero help at all. It's just so frustrating to deal with.
Translate to English
2023-03-30 10:48
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FX1087398061
more than one year
Their platform cannot log in, and the money in my account cannot be withdrawn. I have contacted customer service many times, but I have not received any replies so far. If this continues, I'm going to go to the police.
Their platform cannot log in, and the money in my account cannot be withdrawn. I have contacted customer service many times, but I have not received any replies so far. If this continues, I'm going to go to the police.
Translate to English
2022-12-01 10:23
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0
0
28