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Rifa Forex Broker provides real users with * positive reviews, 1 neutral reviews and 32 exposure review!

Rifa Broker Review

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Rifa Review 33

Latest All(33) Neutral(1) Exposure(32)
Exposure
Can't get the money invested

Most of his photos are about to work in the company. There are no photos of showing off cars or food. He also mentioned that his company uses loans for turnover, because his friends have also taken loans from banks when they started companies, so he didn't think much. In the middle, I was afraid that my fund card would not be available on that website, so I asked me to mention the money once and put it in my real account before I slowly invested it. Then suddenly I said that the official website was doing activities and asked me to participate. I originally He was still hesitating, and he would turn around with friends to help me, because I asked the customer service and did not reply, he kept forcing me to join quickly and so on when there was no quota, I just joined, only to be told that I can’t withdraw cash, and reached within the time limit The activity amount is also present as a gift for participating in the activity. In order to withdraw the money, it will be invested. When it is reached, third-party funds will be involved. Therefore, the account listed as a risk must pay the funds remitted by others, so the remittance is required, because From his remittance to me, he did not expect other problems, and asked me to continue to borrow money to invest, otherwise he will pay the breach of contract

Yo Lee
2021-06-22
Exposure
Cannot withdraw

From IG chatting to adding friends on What's APP. One day, he said that he can’t use the APP and I had to use LINE to chat. They all use the way of friends to let girls have more income to reward themselves and give their family an extra gift. His IG compares Most of them are photos of the company's operations. There are no photos of dazzling cars or food. It is also mentioned that his company uses loans for turnover, because my friends have also taken loans from banks when they start companies, so I didn’t think much about it. I was afraid that my fund card would not be available on that website, so he asked me to withdraw the money once and put it in my real account before I slowly invested it. Later, he suddenly said that the official website was doing activities and asked me to participate. I was still hesitated, and he would turn around with friends to help me. Because I asked the customer service and they did not reply, and he kept forcing me to join as soon as possible in case I didn’t have a quota, so I just joined, only to be told that I could not withdraw cash, and should reach the activity amount within the time limit. Also they present the gift money for participating in the event at the moment. To withdraw the money, it will be invested. When it is reached, they said that a third-party fund involved. Therefore, the account was listed as a risk and I must pay the funds remitted by others, so I just remitted because it is from him. I didn’t expect other problems, and he asked me to continue to borrow money to invest, otherwise he would pay for breach of contract.

Yo Lee
2021-06-21
Exposure
The broker freezed my account and asked for fresh deposit

Rifagala.com offer an anniversary rebate program for existing members, they requesting me to deposit a fresh USDT30000 into my MT5 account in order to get a bonus USDT4888 from them, without any suspicious, my friend helped me to deposit from his account and after that the broker told that this deposit is not valid because it was done from third party (my friend account), they requested me to deposit another USDT30000 again in order for me to complete that. I told them to withdraw/reject that amount which my friend has deposited since they can't accept that but they said once they enrolled me into this program, they have freezed my account, no withdrawal is allowed, then only they told me if I can't complete the deposit within the time frame given, I'd have to pay for the penalty, which is3% deduction from my full amount in my MT5 account on daily basis until I make full payment (USDT30000), if not they will continue deducting the money until they finished the amount in my balance. The penalty is ridiculous, they paid me USDT4888 and they are going to deduct USDT64000, this is a scam! Furthermore, they never informed me that I cannot transfer from another party account into my account and they also never informed me that there is a penalty as such before I agree to participate in this program, they only told me when I asked further, it wasn't any contract agreed earlier, they have planned all these to cheat the customer.

FX1780996292
2021-06-18
Exposure
Withdrawal

I withdrew money and they asked me to pay taxes in advance. And the tax has been paid and the funds have been withdrawn from my trading account. They asked me to wait within 24 hours. But a few days have passed, and the money has not yet arrived in my bank account. When they asked the customer service, they said they would follow up with the accounting department. I think they are dishonest to their customers. They don't have any professionalism. I might be blackmailed by this company.

张巴育
2021-06-16
Exposure
Is this Scam? How can i recover my money back

I have trading at MetaTrader5 (MT5) When I Have total amount of $162,000 plus, I make a request from Rifagala website through the customer service to withdraw my money. After I make a requested to withdraw out my fund from MT5, then only the customer service of Rifa told me that I am not their VIP member, hence I cannot withdraw more than $100,000 from my account. They asked me to pay 30% of the guarantee deposit base on my total fund in the account to secure the transaction. They told me that after I pay 30% of this deposit then only they can release my money to my account. I asked them to cancel my request for withdrawal of more than$100,000 but they said application has been submitted, cannot be cancel. They never informed me got this kind of term & conditions. Feel like a scam. I do not know if I continue put the money into MT5 account, will I get back all my money. Heard that few peoples also face this type of issue.

FX7728870772
2021-06-07
Exposure
Is this a scam? How can I recover my money

I participated in the activity and was told that I could be offered a rebate after depositing a certain amount of money, but due to my lack of funds, my boyfriend helped me to store the value abroad. As a result, I said that the third party could not store the value, and then closed my withdrawal channel to freeze my account, and I needed me Make up the security deposit before 6/10, otherwise the money in my account will be deducted as liquidated damages until the account balance is deducted. Who can help me?

李詩琴
2021-06-04
Exposure
Is this Scam

Hello, i want to ask something. So, here is my situation. I use Tifa Technology Company Limited. They give me an offer. Because i'm a new user, they give me bonus $3.888 but I need to deposit $38.888. They give me 7 days to complete the task. If I can't complete the task, they will freeze my money. Is this a scam or what[3f] It hard to complete the task, coz it was a lot of money. What should I do now[3f] I want my money back.

FX1505607255
2021-06-02

  

Rifa 2025 Review: Everything You Need to Know

  In the ever-evolving landscape of forex trading, Rifa has emerged as a broker that raises significant concerns among traders. With a mix of user experiences and expert analyses, it is crucial to dissect the offerings and pitfalls of Rifa. This review summarizes the broker's regulatory status, user feedback, and overall trading conditions, highlighting both the potential advantages and serious red flags that prospective traders should consider.

  Note: It's essential to recognize that Rifa operates under different entities across regions, which may affect its regulatory compliance and user experience. This review aims for fairness and accuracy by synthesizing multiple sources of information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service 3
Trading Experience 4
Trustworthiness 2
User Experience 3

  

How We Rate Brokers

  Our ratings are based on a comprehensive evaluation of user experiences, expert analyses, and factual data regarding trading conditions.

  

Broker Overview

  Founded in 2020, Rifa Technology Company Limited is a UK-based brokerage that operates primarily in Hong Kong. The broker offers a range of trading instruments, including forex currency pairs, precious metals, crude oil, and CFDs. However, Rifa's trading platform is proprietary and does not support industry-standard platforms like MT4 or MT5. The broker currently lacks any valid regulatory oversight, with its status marked as unauthorized by the NFA, raising significant safety concerns for potential clients.

  

Detailed Analysis

  

Regulatory Status

  Rifa operates without proper licensing from major financial authorities. The broker is currently marked as unauthorized by the NFA, which is a significant red flag for traders (according to WikiFX). The absence of regulatory oversight means that there is no guarantee of fund safety or ethical trading practices, leaving traders vulnerable to potential fraud or mismanagement.

  

Deposit and Withdrawal Currencies

  While specific details regarding deposit and withdrawal currencies are not extensively covered in the sources, the minimum deposit required to open an account with Rifa is notably low at just $10. This low barrier to entry can be appealing for novice traders, but it also attracts a diverse range of clients, including those who may not fully understand the risks involved.

  

Bonuses and Promotions

  Information regarding bonuses and promotions offered by Rifa is scarce, and the lack of transparency in this area raises further concerns. Many users have reported issues with withdrawal processes, particularly claims of unfulfilled promises regarding bonuses, which are common pitfalls in unregulated environments.

  

Tradable Asset Classes

  Rifa provides access to various asset classes, including forex, precious metals, crude oil, and CFDs. This diversity allows traders to engage in multiple markets, but the lack of regulatory oversight diminishes the overall appeal of these offerings. Users have expressed dissatisfaction with the trading conditions, particularly regarding spreads and commissions, which are not clearly disclosed.

  

Costs

  The specifics of costs associated with trading on Rifa's platform remain unclear, as the broker does not provide transparent information on spreads, fees, or commissions. This lack of clarity is concerning, especially when considering that many users have reported issues with unexpected fees during the withdrawal process.

  

Leverage

  Rifa offers high leverage of up to 1:500, which can amplify both potential profits and losses. While high leverage can be attractive for experienced traders looking to maximize their positions, it also increases risk significantly, especially for those who may not fully grasp the implications of leveraged trading.

  

Trading Platforms

  Rifa utilizes proprietary trading platforms, which are not as widely recognized or trusted as platforms like MT4 or MT5. The absence of these popular platforms may deter some traders who prefer familiar interfaces and functionalities. Additionally, the lack of information regarding the features and performance of Rifa's proprietary platform raises concerns about its usability and reliability.

  

Restricted Regions

  The review did not specify any particular regions where Rifa is restricted, but the absence of regulatory oversight suggests that it may not be a suitable option for traders in jurisdictions that require licensed brokers.

  

Customer Service Languages

  The customer service options available through Rifa are limited, with no direct support via phone or email mentioned in the sources. The lack of accessible customer service channels is a significant drawback, particularly for traders who may encounter issues or require assistance.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service 3
Trading Experience 4
Trustworthiness 2
User Experience 3

  

Detailed Breakdown

  •   Account Conditions: The low minimum deposit of $10 is attractive, but the lack of transparency regarding account types and conditions raises concerns about the overall trading environment.

  •   Tools and Resources: While Rifa offers a variety of trading instruments, the absence of recognized trading platforms and educational resources limits the tools available to traders.

  •   Customer Service: The lack of direct customer support options is a major drawback. Users have reported difficulties in reaching out for assistance, which can lead to frustrating experiences.

  •   Trading Experience: Users have expressed dissatisfaction with the trading conditions, particularly regarding spreads and commissions, which are not clearly disclosed.

  •   Trustworthiness: The absence of regulatory oversight and numerous reports of scams and withdrawal issues severely undermine Rifa's credibility as a broker.

  •   User Experience: Overall user experiences have been largely negative, with many clients reporting issues related to withdrawals and customer support, reinforcing the concerns about the broker's reliability.

  •   In conclusion, based on the information gathered in this Rifa review, potential traders should exercise extreme caution when considering this broker. The lack of regulatory oversight, transparency issues, and negative user feedback indicate that Rifa may not be a reliable option for trading. It's advisable to explore alternative, regulated brokers that prioritize transparency and security.

Rifa review