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RichFielder Broker Review

RichFielder appears to be a new broker on the scene who is defrauding clients using tried-and-true methods. One of them would be the use of deceptive advertisements, such as those for Bitcoin System and Crypto Engine, and the publication of fictitious articles about people who made millions of dollars overnight. Unfortunately, the market doesn’t operate that way, and in our RichFielder review, we’ll explain why.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: FCA, CONSOB
Owned by: N/A
Headquarters Country: Singapore
Foundation year: N/A
Supported Platforms: Web trader
Minimum Deposit: 5,000 GBP
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:100
Free Demo Account: No
Accepts US clients: No

RichFielder Regulations and Security

We have no idea who is behind this illegal activity, even though the broker claims to be located in Singapore and has offices in Switzerland and the United Arab Emirates. We couldn’t locate the name of the firm in charge or any other individual connected to the brokerage anywhere on the website. We searched the MAS registration for RichFielder regulation as the supposed headquarters are in Singapore. You probably have guessed that we had no luck.

As a result, we may draw the conclusion that this specific broker is unregulated and your money is not at all secure.

RichFielder Warnings From Financial Regulators

We were not shocked that European regulators discovered the broker’s scam since, as they claim themselves, the broker mostly operates in the EU and Asia.

The UK FCA was the first to issue a formal warning, advising its nationals not to invest any money in RichFielder since they won’t be able to access FSCS funds because the firm is unregulated.

A few days later, the Italian CONSOB issued the same caution.

Fund Withdrawal Issues

Considering everything, we weren’t surprised to learn of RichFielder’s withdrawal problems. Customers are unable to obtain their money back from the company. After making a startlingly large first deposit of 5,000 GBP, consumers are encouraged to make ever larger investments. However, the broker would merely suspend your account and funds if you run out of money or are hesitant to deposit more before seeing any returns. There is no official regulator, therefore you won’t get much money back.

Let us know if something similar occurs, and we’ll submit a chargeback dispute right away.

Traders About RichFielder Scam

As you may expect, traders are very critical of the overall RichFielder scam. Reviews of RichFielder claim that the broker also employs a proprietary online trader without MetaTrader’s features, has an excessively high minimum deposit requirement, and offers unregulated leverage up to 1:100. After requesting a settlement, clients are blacklisted and unable to get in touch with the brokerage again.

Thus, you ought to stay away from RichFielder, as well as firms that are comparable to them, including 365 Capital FX, Group 500, and Dominion Markets.

How To Know If You Have Been Scammed Online?

If your account is experiencing technical difficulties or has been suspended for a period of time longer than a few hours, it is almost certainly a hoax. Additionally, any platform issues, trades you didn’t open yourself, or poor advice from your broker after you requested a withdrawal are all potential red flags of a scam.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]