Richness Empire

Richness Empire is an online trading broker that purports to offer retail forex and CFD trading services. According to our records, the broker is registered in China and was founded on 1 April 2021. The official website is registered at richnessforex.com, although independent access to the site has been reported as unreliable.

As of our review, there is very limited publicly available information about Richness Empire beyond basic registration details. The broker does not appear to have an established presence in major financial markets, and no verified office address or contact details could be confirmed. Traders should approach with extreme caution due to the lack of transparency.

Our records indicate that Richness Empire has no regulatory licences from any known financial authority. This means the broker is not supervised by bodies such as the FCA, CySEC, ASIC, or any equivalent regulator. Trading with an unregulated broker carries significant risks, including the absence of investor protection schemes or dispute resolution mechanisms.

Given the complete lack of regulatory oversight, there is no assurance that client funds are segregated or that the broker adheres to any minimum capital requirements. The FXCanary Scam Risk Score for Richness Empire is 85 out of 100, which we classify as 'Severe'. This score reflects the high risk associated with unregulated brokers, especially those with limited verifiable history.

Richness Empire claims to offer trading in forex, contracts for difference (CFDs), gold, and precious metals. These are standard offerings among retail forex brokers, but without independent verification, the actual availability and execution conditions remain unknown.

It is unclear whether the broker provides access to indices, commodities, cryptocurrencies, or other asset classes. We could not confirm the specific number of currency pairs or metal instruments available. Prospective traders should be aware that unregulated brokers may change their product offerings without notice.

The broker states that it supports the MetaTrader 5 (MT5) trading platform. MT5 is a widely used platform known for advanced charting tools, automated trading capabilities, and multi-asset support. This is a positive point, as MT5 is a reputable platform.

However, we were unable to verify whether the broker offers MT5 directly or through a white-label solution. Also, there is no information on whether web, desktop, and mobile versions are available, or if any proprietary platforms exist. The lack of confirmed platform access is a concern.

No specific account types or minimum deposit requirements have been disclosed by Richness Empire in our records. Similarly, funding methods—such as bank transfers, credit cards, or e-wallets—are not specified. This lack of information makes it impossible for traders to assess the suitability of the broker for their needs.

We advise caution when considering any deposit with an unregulated broker that does not clearly outline its account terms. Without transparency on spreads, commissions, and leverage, traders cannot make informed decisions.

Richness Empire presents itself as a retail forex and CFD broker, but it operates without any known regulatory licence and with very limited public information. The broker's high scam risk score underscores the dangers of trading with such an entity.

We strongly recommend that traders avoid depositing funds with Richness Empire until it can demonstrate credible regulation, transparent operations, and verifiable client protections. For those seeking to trade forex and CFDs, there are many well-regulated alternatives available.