RG GROUP

RG Group, operating under the brand RichGoldFX, is a forex and CFD broker registered in Mauritius. According to company records, it was founded on November 18, 2024, and is headquartered at 2nd Floor, Suite 201, The Catalyst, Cybercity, Ebene 72201, Mauritius. The broker targets retail traders globally, with a particular focus on Asian markets, as evidenced by its Thai-language website and Line support. Despite its recent establishment, the broker claims extensive experience and a large client base on its website.

Our review found that RG Group does not hold a licence from any known financial regulator. The company's registration in Mauritius does not confer regulatory oversight for forex brokerage activities, as Mauritius does not require licensing for forex brokers under its current framework. The broker's website does not provide a specific regulatory authority or licence number. This absence of regulatory oversight means traders have no recourse through a regulatory body in case of disputes. FXCanary's Scam Risk Score for this broker is 75 out of 100, indicating severe risk.

RG Group offers three account types: CENT, STP, and RAW ECN. Each account requires a minimum deposit of just $10, making it accessible to beginners. The maximum leverage is set at 1:1000 across all accounts, which is extremely high and magnifies both potential gains and losses.

The CENT account is designed for micro-trading with lot sizes up to 20,000 and unlimited positions, while STP and RAW ECN have stricter position limits (200 lots maximum) and a cap of 10,000 open positions. The RAW ECN account offers spreads from 0.0 pips with a $6 per lot commission, while the other accounts have spreads from 2.2 pips with no commission. All accounts support swap-free trading.

The broker provides both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These are industry-standard solutions widely used by retail traders. MT4 is known for its simplicity and extensive automated trading capabilities through Expert Advisors (EAs).

MT5 offers more advanced analytical tools, including additional timeframes and indicators, as well as market depth. Both platforms are available for desktop (Windows, macOS) and mobile devices (Android, iOS). The broker does not mention any proprietary trading platform.

RichGoldFX advertises a broad product range including forex, metals, cryptocurrencies, energies, stocks, and indices. However, availability depends on the account type: the CENT and STP accounts are limited to forex, metals, and cryptocurrencies, while the RAW ECN account includes all asset classes. This means traders interested in stocks or indices must choose the highest-tier account with commission fees. The broker claims to source liquidity from multiple top-tier providers and uses Equinix data centers for fast execution.

The broker's website prominently features 'Get instant withdrawals of up to $500 in under 1 minute' as a marketing point. However, specific funding methods (e.g., bank transfer, credit card, e-wallets) are not detailed on the site. The minimum deposit of $10 is stated, but withdrawal terms and conditions are not clearly outlined beyond the instant withdrawal promotion. Traders should verify available payment methods and any associated fees directly with the broker.

RG Group provides customer support via Line OA (@rgth), as indicated on its website. The site is available in Thai and English, suggesting support primarily in those languages. No phone numbers or email addresses are prominently displayed. The broker also maintains a presence on Facebook, Instagram, and YouTube, though the extent of support through these channels is unclear.