Richness

Richness is a broker registered in Vanuatu, operating under the domain bustfx.com. It was established on July 19, 2021, and lists its registered address at the Govant Building, 1st Floor, PO Box 1276, Port Vila, Vanuatu. The broker offers leveraged trading services through three account tiers: VIP, ECN, and Stand.

Despite its presence, Richness is not regulated by any known financial authority. The absence of regulatory oversight is a critical factor for traders to consider, as it means there is no external supervisory body to ensure fair practices or protect client funds. FXCanary’s review has assigned a Scam Risk Score of 85/100, indicating a severe risk profile.

Richness does not hold a license from any major regulatory body such as the FCA, CySEC, ASIC, or the Vanuatu Financial Services Commission (VFSC) — the latter being the primary regulator for entities registered in Vanuatu. According to our records, the broker is entirely unregulated.

This lack of regulation is a significant red flag. Unregulated brokers are not required to adhere to standard financial safeguards, such as segregated client accounts, negative balance protection, or transparent reporting. Traders considering Richness should be aware that they have no recourse in the event of disputes or broker misconduct.

Richness offers three account types: Standard (Stand), VIP, and ECN. The Standard account requires a minimum deposit of 7,000 USD, while the VIP account demands a substantial 20,000 USD, and the ECN account 50,000 USD. All accounts provide a maximum leverage of 200:1.

These high minimum deposits may be prohibitive for retail traders with smaller capital. The leverage level is relatively moderate compared to some offshore brokers offering up to 500:1 or more, but still carries significant risk. Information on trading instruments, spreads, commissions, and platforms is not publicly available from the broker’s official site, adding to the opacity.

The high minimum deposit requirements suggest that Richness targets more affluent traders or those willing to commit large sums. The lack of a low-entry account (e.g., micro or mini accounts) excludes beginners and small-scale traders.

Moreover, with no regulatory hooks in major financial jurisdictions, the broker likely focuses on clients from regions with less stringent oversight. Traders should be cautious about depositing funds with an unregulated entity, especially one that does not transparently disclose its trading conditions and fee structure.

The most prominent risk is the total absence of regulation. Without a license, there are no guarantees regarding the safety of client funds, execution integrity, or dispute resolution. The high Scam Risk Score (85/100) reflects these concerns.

Additionally, the broker’s limited public footprint and lack of independent reviews make it difficult to assess its operational track record. Traders are strongly advised to perform thorough due diligence and consider only regulated brokers that offer transparent terms and investor protection schemes.