RIFA Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.rffg.com.hk/, the company's legitimate regulatory information Hong KongSFCDealing in futures contracts,Hong KongSFCDealing in securities, to enhance the security of the company's address 香港軒尼詩道28號7樓全層.
RIFA Forex Broker
Basic information
Hong Kong
15-20 years Regulated in Hong Kong Regulated in Hong Kong Dealing in futures contracts Dealing in securities Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
Founded in 2016, RIFA is a financial company regulated by SFC based in China Hong Kong. It offers security and futures trading.
Pros and Cons
| Pros | Cons |
| Regulated by SFC | No demo accounts |
| Diverse customer support channels | |
| A wide range of trading platforms |
Is RIFA Legit?
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| SFC | Rifa Futures Limited | Dealing in futures contracts | ARP340 | Regulated | |
| SFC | Rifa Securities Limited | Dealing in securities | AAA537 | Exceeded |
Products
RIFA mainly offers security and futures trading.
Fees
| Fees for buying and selling stocks | |
| Type | Cost |
| commission | Please contact your broker |
| Transaction levy | 0.0027% of transaction amount |
| Transaction fees | 0.00565% of transaction amount |
| Stock stamp duty | 0.13% of the transaction amount (less than $1 is also calculated as $1) |
| Settlement fee | 0.005%, minimum HKD 5.5* (Fee currency is calculated according to the currency charged by the Clearing House) |
| China-Hong Kong system connection fee | HK$15 per order (not combined) |
| FRC Transaction Levy | 0.00015% of the transaction amount (up to the nearest cent) |
Trading Platform
RIFA provides Nifa Securities, Ayers Security Code, Esheng Polestar 9.3, and Yisheng Yixing mobile trading platform.
Rating Index
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Latest Reviews
gustavo_fring
Malaysia
If I can't pay 30%, they will deduct 5% EVERDAY from my MT5 account. I have paid USD33,340.69, balance USD5,400 yet to pay. I have not enough money to pay into it. I can't even get back my money from MT5 to pay back my loan. They're still holding my money. I have balance of 162k USD in my MT5 account. I paid a lot. Now want to withdraw they asked me to settle that 30% deposit then only release my money to my Binance account. How can I claim back my money?
Exposure
2021-09-20
雨田lei
Hong Kong
On a friend’s recommendation, I downloaded the 11 APP and deposited 150 thousand. She asked me to download MI Chat and added the teacher 30 minutes before the operation. During that time, I added 50 thousand when there was a cocking market. The teacher claimed that my account is at risky. Then I added 132 thousand to do hedging, making a profit of 1.8 million or so. When it came to withdrawal, I was asked to pay a 20% margin, i.e., 300 thousand or so, at which time, I doubted whether I has been cheated.
Exposure
2020-06-09
Manish Kumar Rai
India
I get whatsapp msg from other country no and after that she started chatting and after some time she told me for financial help and I installed mt5 and than started trading on Fogee in few days I earned 37833usd when I raised a withdrawn request she shared me a customer service manger no and that Manager ask me to deposit 30% as tax I negotiate with him and ask for 200usd withdrawn only further I transfer 62usdt as tax after that they refuse for fund received and freeze my account now.
Exposure
2021-11-10