About THE RIDGE
Company Overview
THE RIDGE is a company registered in Ukraine, with its official address at 42-44 Shovkovychna St., 3rd floor, Kyiv, Kyiv City, 02000. The company was founded on August 25, 2020, according to corporate records.
On its website (ridgeltd.com), THE RIDGE presents itself as an innovative global trading platform, stating that it has been operating since 2008. It claims to be regulated by multiple authorities, including the National Securities and Stock Market Commission of Ukraine, ASIC, NFA, Canada FINTRAC, St. Vincent and the Grenadines FSA, and MSB. However, independent verification with these regulators found no matching record, and FXCanary's own records list no confirmed regulatory licenses for this entity.
Regulatory Status
Our regulatory checks show that THE RIDGE does not hold any valid licences from financial authorities. The claims of regulation by ASIC, NFA, and others could not be confirmed through official databases. In Ukraine, the National Securities and Stock Market Commission has not registered the firm under the claimed licence number.
This lack of verifiable regulation is a significant red flag. Traders should be extremely cautious, as unregulated brokerages may not offer investor protection such as compensation schemes or dispute resolution mechanisms.
Products and Services
Based on the company's own marketing, THE RIDGE offers a trading platform for forex, CFDs, and possibly other instruments. The website may list various account tiers and features, but without access to live data, we cannot verify specific spreads, commissions, or available assets.
Since the broker is unregistered and its claims are unsubstantiated, the actual services may differ from what is advertised. Traders should not assume any level of safety or reliability.
Client Assets and Deposit Safety
As an unregulated entity, THE RIDGE is not required to segregate client funds or adhere to standard capital adequacy requirements. There is no guarantee that deposited funds would be protected in the event of insolvency.
The absence of a known financial regulator also means there is no independent oversight of the broker's operations. This increases the risk of misappropriation of funds or outright fraud.
Corporate Background
The registered address in Kyiv, Ukraine, is a standard commercial location. The company's founding date of 2020 contradicts its website's claim of operating since 2008, which casts doubt on its credibility.
The use of multiple unverifiable licence numbers and the mix of jurisdictions (including the offshore St. Vincent and the Grenadines) suggests an attempt to appear regulated without actual compliance.
Overview compiled by FXCanary from regulatory records and public data. full THE RIDGE review