The Official Website Of RIFX Cannot Be Accessed Normally At The Moment. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-07-12 We Have Confirmed After Review That RIFX Is An Unregulated Forex Broker
RIFX Is Not A Reliable Broker For Traders, Even Though It Claims That The Offers Offered To Its Clients Look Good. RIFX Claims That It Has A License To Operate Provided By Juba (South Sudan). However, According To The Information We Have, Neither Juba Nor South Sudan Currently Has A Regulator That Issues Licenses To Operate Forex Trading Or Supervises Entities That Provide Forex Activities.
The Fact Is That RIFX Is Not Effectively Regulated To Provide Foreign Exchange Services. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For The Regulation, It Has Been Verified That RIFX Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: RIFX As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
