RICHMOND

RICHMOND is a forex and CFD broker registered in New Zealand under the name RICHMOND (company number not provided) with an official domain of rms-fx.com. The firm states on its registration that it was established on 17 May 2018, making it a relatively recent entrant to the online trading industry.

As an unregulated broker, RICHMOND operates without oversight from any major financial regulatory authority. This absence of licensing is a critical factor for traders to consider, as it means no external body monitors the broker's operational standards, client fund segregation, or dispute resolution processes.

Our records indicate that RICHMOND holds no valid regulatory licences from any recognized financial supervisory body. This includes the Financial Markets Authority (FMA) of New Zealand, its home jurisdiction, as well as other tier-1 regulators such as the FCA, CySEC, or ASIC.

Without regulatory oversight, traders have limited recourse in the event of disputes or broker misconduct. This lack of protection is a significant risk factor, and we strongly advise traders to verify a broker's regulatory credentials before committing funds.

Based on the absence of regulation and limited public information, FXCanary has assigned RICHMOND a Scam Risk Score of 75 out of 100, indicating a severe risk level. This score reflects the high potential for client funds to be at risk due to unregulated operations.

Traders should exercise extreme caution when dealing with this broker. We recommend only working with fully regulated brokers that adhere to strict financial standards and provide investor protection schemes.