Company Name
RS Finance Limited
Company Abbreviation
RS Finance
Platform registered country and region
Saint Vincent and the Grenadines
Company website
Company summary
Pyramid scheme complaint
Expose
| Rich Smart Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | ASIC, FSA (Offshore Regulated) |
| Market Instruments | Forex, Indices, Cryptocurrencies, Commodities, Precious Metals, Stock CFDs |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | 1:500 |
| Spread | From 1 pip (Standard account) |
| Trading Platforms | MT4, MT5 |
| Minimum Deposit | / |
| Customer Support | 24/7 support, Contact form |
| Email: support@richsmartfx.com | |
| Address: Suite 310, Griffiths Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. | |
Rich Smart is a financial trading firm founded in 2015 and registered in Saint Vincent and the Grenadines. It is regulated by the Australian Securities and Investments Commission (ASIC) and offers various tradable instruments: forex, indices, cryptocurrencies, commodities, precious metals, and stock CFDs. Rich Smart provides two main account types: ECN and Standard, along with an Islamic account option. What's more, it supports MT4 and MT5 platforms.
Pros and Cons
| Pros | Cons |
| Regulated by ASIC | Offshore regulated FSA license |
| 24/7 customer support | Unclear minimum deposit |
| Demo accounts available | |
| A wide range of trading products | |
| Multiple payment methods | |
| MT4 and MT5 platforms |
Is Rich Smart Legit?
Yes, Rich Smart is currently regulated by ASIC, holding a Straight Through Processing (STP) License. However, its Retail Forex License under the FSA is offshore regulated at present.
| Regulated Country | Regulated Authority | Regulated Entity | Current Status | License Type | License Number |
 | The Australian Securities and Investments Commission (ASIC) | RICH SMART FINANCE PTY LTD | Regulated | Straight Through Processing (STP) | 000441277 |
 | The Seychelles Financial Services Authority (FSA) | RICH SMART FINANCE LTD | Offshore Regulated | Retail Forex License | SD219 |
What Can I Trade on Rich Smart?
On Rich Smart, you can trade with Forex, Indices, Cryptocurrencies, Commodities, Precious Metals, and Stock CFDs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Precious metals | ✔ |
| Indices | ✔ |
| Stock CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type
Rich Smart provides two account types: the ECN account and the Standard account. Moreover, it also offers an Islamic account.
Leverage
The maximum leverage is up to 1:500 for the forex. Please note that high leverage can bring not only big profits but also great losses.
| Account Type | ECN | STANDARD |
| Leverage (Forex) | 1:500 | |
| Leverage (Indices) | 1:100 | |
| Leverage (Commodities) | 1:100 | |
Spreads and Commissions
| Account Type | ECN | STANDARD |
| Spread | 0 pips onwards | 1 pips onwards |
| Commission | $7/Lot | 0 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | WebTrader, Windows, MacOS, iPhone/iPad, Android | Beginners |
| MT5 | ✔ | WebTrader, Windows, MacOS, iPhone/iPad, Android | Experienced traders |
Deposit and Withdrawal
Rich Smart supports payment methods through Mastercard, Discover, Bank Wire, Bank Transfer, Perfect Money, Tether, and Visa.
