Score

6.86 /10
Average

RIFA

Hong Kong

15-20 years

Regulated in Hong Kong

Dealing in futures contracts

Self-developed

Suspicious Scope of Business

Suspicious Overrun

High potential risk

D

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Comparison

Quantity 7

Exposure

Time Machine
Website

Score

Regulatory Index7.77

Business Index8.78

Risk Management Index0.00

Software Index7.00

License Index7.79

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

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Broker Information

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Company Name

日发国际金融有限公司

Company Abbreviation

RIFA

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 3
Previous Detection : 2025-07-04
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by China Hong Kong SFC(license number: AAA537)SFC-Dealing in securities Non-Forex License. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

RIFA defrauds by Zhang Xiankui’s private account

On December 8th,2018,I was induced by Zhang Xiankui of RIFA to transfer 25 thousand RMB to the account 6236681210001745012 through China Construction Bank Corporation Shanghai Futures Branch.It equaled $3333.33 with the rate 1:7.5.The salesman said that the platform invited two elite teacher Liu Gudu and Li.Especially,teacher Liu, who can profit 180 pips within 2 hours to earn money by 16 times,is a professional analyst.They all operate for who has large fund.I was in small fund with high risk.He said that these two teacher is the profit guarantee.Since december 10th,2018,the salesman has became the customer service,who asked me to delete the posts online,saying that this is slander.He told that as long as I follow them,I would get back my fund.I appeal more person to avoid the fraud platform.

2018-11-13 02:58
Resolved

RIFA pockets my fund of 59 thousand RMB

On April 16th,2018,a salesman of RIFA called me and said that they had cooperation Trade Xia.I had account in it,thus they could acquire my number.They recommended the analyst(zhang Yidong,Mobile phone:18221091431 QQ:997005573),saying that he was a professional analyst whose clients were all owning large fund(400 thousand RMB).The salesman sent me constant message.I said that I had only several tens thousand yuan and had no time to pay attention to the market.They said that they would like to help me follow it and fill the application.With his help.I opened an account and deposited 42000 RMB.At that night,I was told to trade,profiting several hundred US dollars.I asked whether I should close position,he asked me to wait.But the order was closed.I told him about my thoughts.He told me to have a long insight.I was suspicious of him.Then he told me to trade Der Dax ang Heng index,saying that the market would be volatile.Only by trading one lot can I recover the losses.I was amazed.He told me to buy long even the market was going down.I argued with him.Then he said the market was strange.Then I was to go to bed.With his lobbying,I bought a short order of Heng index,resulting in a loss.I was mad.Didn’t he know the market?I made a loss of $3000 overnight.The next morning,he called me and told me to go short of Heng Index.The result was the same.During the trading process,his thoughts was contradict with mine.I deposited 17000 RMB again,then my account became forced liquidation.After that, I found the right protection team and made a complaint on the platform.The salesman called me and said that they would give me $3,000 and asked me to withdraw the case immediately as long as I delete the complaint.I did not agree and said that I must receive it first.On the third day, I received the order voucher (4,200 yuan) by the acquiring institution (Yin Ying Tong).I pondered for a few days and finally found out the flaws. I checked the express number online and figure out that the express was different.I asked the staff,they said that the company asked them to do so.I list the reasons why RIFA and Yinyingtong must give me compensation: 1. It doesn’t give me any risk explanation No one has done any virtual market for me, and asked me to get started. No one told me about any risk and forced liquidation. I just believe that the platform is legit and follow the teachers’ instruction. 2. Fake publicity. Before opening an account, I said that I didn't have time to pay attention to the market, and I didn't understand it. They made me rest assured. Later, I checked the type of license on the WikiFX. It shows that their license(Registration NO.: AAA537)was overrun. 3. RIFA acts as the counterparty with investors.If members make money, they must let the investors lose money. It is a dealing-desk broker.The behavior is prohibited by the 38th civilized order of the State Council. 4. The strength of the CSRC this year is so great that the state attaches great importance to it and is severely cracked. The entire trading system provided by the member units is exactly the same as the pseudo-futures trading model prompted by the CSRC. I have collected a list of QQ order recommendations, bank bills and trading software of the member.

2018-08-03 21:45
    RIFA · Company summary
    RIFA Review Summary
    Founded2016
    Registered Country/RegionHong Kong
    RegulationSFC
    Market Instrumentssecurities and futures
    Demo Account/
    Leverage/
    Spread/
    Trading PlatformRIFA Securities Mobile Trading Platform, Ayers Security Code, Rifa Futures Trading Software - Yisheng Polestar 9.3, Yisheng Yixing APP
    Minimum Deposit/
    Customer Support4008 908 168
    852 3900 1781
    86 14715035047
    852 3900 1718

    RIFA Information

    RIFA is an online trading platform regulated by the SFC for futures contracts (License ARP340). They offer security and futures trading through various platforms, including mobile and desktop options, with multiple contact numbers for customer support.

    RIFA Information

    Pros and Cons

    ProsCons
    Various trading platformsNo demo accounts
    Regulated by SFCOnly telephone support
    Transparent fees

    Is RIFA Legit?

    RIFA is currently regulated by Hong Kong's SFC for futures contracts (License ARP340) while its securities dealing license (AAA537) is exceeded.

    Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
    The Securities and Futures Commission (SFC)RegulatedHong KongDealing in futures contractsARP340
    The Securities and Futures Commission (SFC)ExceededHong KongDealing in securitiesAAA537
    license
    license

    What Can I Trade on RIFA?

    RIFA mainly offers security and futures trading.

    Tradable InstrumentsSupported
    Securities
    Futures
    Forex
    Cryptos
    Commodities
    Indices
    Options
    Bonds
    assets

    RIFA Fees

    1. Stock Trading Fees
    TypeFees
    CommissionPlease consult your broker
    Transaction Levy0.0027% of the transaction amount
    Transaction Fees0.00565% of the transaction amount
    Stock stamp duty0.1% of the transaction amount (if the amount is less than $1, it will be calculated as $1)
    Settlement Fee0.005%, minimum HKD 5.5* (charged in the currency charged by the clearing house)
    China-Hong Kong System Connection FeeHK$15 per order (not combined)
    Financial Reporting Council Transaction Levy0.00015% of the transaction amount (rounded to the nearest cent)
    RIFA Fees
    1. Agent Service Fees
    TypeFees
    Collect dividends0.5% of total dividend (0.12% HKSCC), min HK$30/US$4/CNY$30, max HK$10,000 (charged in dividend currency)
    Exercise rights/warrants/CBBCs/takeoverHK$1.5 per stock lot (HK$0.8 H.K. Clearing), min HK$30 (charged in product settlement currency)
    Applying for additional rightsHK$1.5 per lot, min HK$30
    Registration & transfer fees (stocks, bonus shares, warrants, rights)Transfer fee HK$2 per lot (HK$1.5 H.K. Clearing Corp.). HK$10 per stock, HK$30 per bonus share (calculated per stock). (charged in clearing house currency)
    Agent Service Fees

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for
    RIFA Securities Mobile Trading PlatformAndroid 4.0 or iOS 7.0 system/
    Ayers Security CodeAndroid 4.0 or iOS 7.0 system/
    Rifa Futures Trading Software - Yisheng Polestar 9.3Windows/
    Yisheng Yixing Mobile Trading PlatformAndroid, iOS (via QR Code)/
    Trading Platform
    Trading Platform

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    User comment

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    Comments

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    犄角
    more than one year
    Esta empresa financiera de Hong Kong es una gran mentirosa. Espero que más personas vean la información de wikifx, no se dejen engañar! (Mi amigo chino fue estafado, no yo)
    Esta empresa financiera de Hong Kong es una gran mentirosa. Espero que más personas vean la información de wikifx, no se dejen engañar! (Mi amigo chino fue estafado, no yo)
    Translate to English
    2022-11-24 18:26
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