Richness Empire Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-22 17:24

Abstract：Richness Empire Limited (Richness Empire) is a UK-registered broker, with its founding time, the company behind it not disclosed to all. However, there is no related regulation information displayed anywhere, so it is unsafe to trade with this broker.

　　 General Information & Regulation

　　Richness Empire Limited (Richness Empire) is a UK-registered broker, with its founding time, the company behind it not disclosed to all. However, there is no related regulation information displayed anywhere, so it is unsafe to trade with this broker.

　　 Market Instruments

　　Tradable financial instruments available on the Richness Empire platform include more than 250 products including forex currency pairs, precious metals, energies and shares.

　　Minimum Deposit

　　Richness Empire does not indicate its minimum initial deposit. In most cases, many legit broker will require a minimum initial deposit around $100 or even less. Since this broker is unregulated, traders are not advised to register real trading accounts.

　　Leverage

　　Richness Empire offers trading leverage up to 1:500 for forex trading. To be honest, trading with Richness Empire, an unregulated broker, on such generous leverage is not necessarily a good thing.

　　 Spreads & Commissions

　　In terms of spreads and commissions, Richness Empire does not make this part clear. In most cases, the benchmark EUR/USD pair is within 1.5 pips offered by most broker.

　　Trading Platform Available

　　Richness Empire supports the MetaTrader5, which along its predecessor, the MetaTrader4 is one of the most widely used trading platforms on the market. MT5 features an excellent pack of advanced charting tools, many market indicators and easily customizable trading bots, with the help of which one can easily run automated trading sessions.

　　 Deposit & Withdrawal

　　When it comes to deposit & withdrawal payment methods, Richness Empire does not make this part clear. In most cases, most brokers support Credit/Debit card (VISA, MasterCard, Maestro), Wire transfer, Skrill and Neteller for traders to fund their accounts.

　　 Customer Support

　　The Richness Empire customer support team can be reached through email: cs@richepfx.com, telephone: +0044 4374206. UFS Market claims that it offers 24/5 live chat, however, this is unavailable after looking through its website. Besides, Richness Empire website is available in seven languages for traders from different countries.