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RIFA

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Established Period:
15-20 years
Registered Region:
Hong Kong
Email Address:
N/A
Trusted
7.36
/10
★★★★★
★★★★★

Basic Information

Company Name
RIFA
Registered Region
Hong Kong
Established Period
15-20 years
Company Service Email Address
N/A
Contact Number
N/A
Company Website
http://www.rffg.com.hk/

Pros and Cons

Pros

  • Regulated by Hong Kong SFC
  • Offers various trading platforms
  • Client funds held in segregated accounts
  • Over 15 years of operational experience

Cons

  • Numerous user complaints about withdrawals
  • Negative market reputation
  • Pressure for additional deposits before withdrawals
  • Poor customer service reported

Is RIFA Safe and Legit?

RIFA Finance, registered in Hong Kong as Rifa Futures Limited since 2008, has over 15 years of operational experience. The broker offers trading in securities and futures with varying platform options, including its proprietary mobile trading platform, and is regulated by the Hong Kong Securities and Futures Commission (SFC) under License ARP340.

The regulatory status of RIFA indicates that it operates legally within Hong Kong; however, its safety is questionable due to a significant number of user complaints regarding withdrawal issues and alleged fraudulent practices, suggesting potential risks associated with trading through this broker.

Market reputation for RIFA is largely negative, with numerous complaints highlighting poor customer service, difficulty in fund withdrawals, and lack of transparency in operations. Users frequently report being pressured into additional deposits under various pretenses before they can access their funds, leading to a general consensus of distrust within the trading community.

Is RIFA a Regulated Broker?

What Are the Regulatory Licenses Held by RIFA?

RIFA Finance, registered as Rifa Futures Limited in Hong Kong, holds a regulatory license from the Hong Kong Securities and Futures Commission (SFC) under License ARP340. While it operates legally within Hong Kong, there are significant concerns regarding its safety due to numerous user complaints about withdrawal issues and alleged fraudulent practices. Therefore, while RIFA is regulated, its reputation and operational practices have raised red flags within the trading community, indicating potential risks for users.

Client Fund Segregation: Your Ultimate Safeguard

Capital Protection Measures

RIFA Finance holds client funds in independently regulated bank accounts, ensuring that these funds are separate from the broker’s own assets. This segregation is in line with the regulations set forth by the Hong Kong Securities and Futures Commission (SFC), which aims to protect client investments during operational risks.

RIFA Leverage

The leverage provided by RIFA Finance varies by product category and client classification. The broker adheres to the legal limits established by the SFC for both retail and professional accounts, ensuring compliance with local regulatory requirements for leverage practices in its operations.

RIFA Withdrawal Review

How to Contact RIFA?

Does RIFA Have Withdrawal Issues?

Numerous user complaints against RIFA Finance primarily revolve around withdrawal issues, with many clients reporting difficulties accessing their funds. Credible sources of complaints include various online forums and review websites where users have shared their experiences. The broker’s handling of these complaints appears inadequate, with delayed response times and a lack of resolution for many clients. There are significant and repetitive complaints regarding withdrawal processes, suggesting a pattern that raises concerns. Additionally, the broker’s operational practices have attracted scrutiny, contributing to a negative market reputation and user distrust.

Frequently Asked Questions

A1: RIFA Finance operates legally in Hong Kong under the regulatory oversight of the Hong Kong Securities and Futures Commission (SFC) with License ARP340. However, there are significant concerns regarding its safety due to numerous user complaints about withdrawal issues and alleged fraudulent practices, leading to a largely negative market reputation.

A2: RIFA Finance is registered in Hong Kong as Rifa Futures Limited and holds a regulatory license from the Hong Kong Securities and Futures Commission (SFC) under License ARP340. While this license indicates legal operation, user complaints raise concerns about the broker’s safety and practices.

A3: RIFA Finance holds client funds in segregated accounts at independently regulated banks, ensuring that these funds are separate from the broker’s own assets. This practice complies with regulations set by the Hong Kong SFC, aimed at safeguarding client investments during operational risks.

A4: Yes, numerous user complaints indicate significant difficulties with fund withdrawals at RIFA Finance. Many clients report delayed responses and unresolved issues regarding their withdrawal requests, contributing to a general distrust among users.

A5: Clients can contact RIFA Finance for support via phone at +852 3900 1718. However, users have reported poor customer service experiences, which may affect the effectiveness of these contact channels.

Risk Disclosure

Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.