RichmondFG Comments

In this section we will analyze the broker RichmondFG (also called Richmond Financial Group), is a CFD and forex broker. Is RichmondFG really recommended for an investment? Or is it better not to invest with this company?

We do this review and assessment, because we receive different messages and comments asking about the reliability of the company in question. ¿Are you a representative of this company? Leave a comment responding to customer concerns.

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Essential information: Who does it belong to? Where is located? Is it a regulated broker?

The broker mentions being part of: Elit Property Vision LTD.

As to its location, the broker mentions being based in: Sofia, Bulgaria.

If we analyze the regulation of the broker: because RichmondFG does not mention absolutely anything about being a regulated company, everything indicates that it is a UNREGULATED broker. 

If now we go on to analyze account types that RichmondFG offers, we note that they actually offer 6 different account types: the Micro Account, the Mini Account, the Silver Account, the Gold Account, the Diamond Account and the VIP Account.

Micro account- $ 500 minimum initial deposit, up to 1: 200 leverage, up to 10% loan, monthly market reviews.

Mini Account- $ 2.500 minimum initial deposit, up to 1: 200 leverage, up to 25% loan, monthly market reviews, weekly webinars.

Silver Account- $ 10.000 minimum initial deposit, up to 1: 200 leverage, up to 35% loan, weekly market reviews, weekly webinars, personal account manager.

Gold Account- $ 50.000 minimum initial deposit, up to 1: 200 leverage, up to 50% loan, weekly market reviews, weekly webinars, personal account manager, personal broker, weekly one-to-one sessions.

Diamond account- Minimum initial deposit of $ 250.000, leverage up to 1: 300, up to 75% loan, daily market reviews, weekly webinars, personal account manager, personal broker, daily one-on-one sessions, invitation to VIP events.

VIP account- Minimum initial deposit of $ 500.000, leverage up to 1: 400, up to 75% loan, daily market reviews, weekly webinars, personal account manager, personal broker, daily one-on-one sessions, invitation to VIP events, super tight spreads .

RichmondFG account types
RichmondFG account types

In the following image you can have more information about the types of account. Click here to see the image in full size.

The platforms to operate that RichmondFG offers are: we believe RichmondFG's own platform, although it does not specify it.

We will now analyze the different resources and aids for traders that RichmondFG provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.

RichmondFG website
RichmondFG website

RichmondFG provides the following help or resources to traders or interested parties: basic explanation of financial products that the RichmondFG company provides, explanation of basic concepts of the investment world, really not much more than this ...

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Other information about RichmondFG

Some more information in case you want to contact the company, or see its website for yourself.

Website: www.richmondfg.com

Phone number: Tel: not provided

Email: [email protected]

>>> Feedback on RichmondFG <<

Ending with this section, in our opinion Do we believe that the RichmondFG company is trustworthy? Should you invest your money with the company?

The truth is that, we believe that it is better to be careful because: it is based in unsafe countries (Bulgaria), it is an unregulated company, when looking for other reviews or evaluations about this company we could not find anything, which indicates that it is about from a "new" broker, without a track record ...

For these reasons, we believe that RichmondFG is not a recommended broker. In other words, we always recommend working only with duly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?

⛔ November 2020 update ⛔: according to comments and emails received from customers, we note that richmondfg is linked to a group of brokers, with a very bad reputation, a large number of complaints and numerous complaints in various European regulators. The group includes brokers such as: Bitcoinie, Briton price, btcbrokerz, btcswing, Capital 245, CapitalPro Investments, carterfs, ciscotrades, executiveprofx, EverestBTC, Fly Financial Group, jbcapitals, Lockwood Investments, Merkell Group, MMFINANCIALEXPERTS, redfordfx, richmondfg, Stanford Finance Group, stanleyscapital, T Digital Coin, tradeprofitweb, topcmarket, Wellington Investments, WTC Investment y xcoinbroker. ⛔ WE SUGGEST EXTREME CAUTION ⛔

You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.

What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.

We leave a vote open so that traders, clients and users of the broker can vote.

What do you think of RichmondFG? What has been your experience?


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About the author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.

About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.

Do you want more information? You can read more about me here in my biography.

2 comments on «RichmondFG: Rating and Comments»

  1. SCAMMED BY ELIT PROPERTY VISION LTD - BALI LIMITED LTD Reply

    I have been the victim of a hoax from a platform called wtcinversion .com which belongs to many others under the umbrella of ELIT PROPERTY VISION LTD based in Bulgaria at Geo Milev street number 112, Partner Floor, Office 1.
    They are a network of scammers with numerous companies intertwined with allegations of fraud, misappropriation and unfair management.
    They are among them:
    -FENIX TRADING SOLUTIONS SL., NIF B88231287
    Whose administrator is called Rezaeian Mohammadi Majid,
    C / De Los Sueños 9 Puerta B Planta 4 28100 - (Alcobendas) - Madrid.
    In this company they have an account in CAIXABANK. It is shameful for an entity like this to have a criminal as a customer.
    Other companies listed as administrator of Rezaeian Mohammadi Majid are:
    -ADRIAN ARTCO CONSULTIG SL - CIF B88311758
    A capital of € 79.260 has been registered in this
    -BAKIYAN RIVAS TRADE SL - CIF B88207238
    infocif .es / charges-administrator / bakiyan-rivas-trade-sl

    -CREDI FINANCIAL EXPRESS SL., NIF B87512182.
    Address, Paseo de la Castellana number 259, floor 18, CP 28048 MADRID.
    Whose administrator is John Freddy Villamizar.
    This character is listed as an administrator in several companies.

    -COMIP EUROPA SL - CIF B87337911
    -NEWCONEX GLOBAL SOLUTIONS SL - CIF B87512174
    -CASTLEWHITE TOURS SL - CIF B87572889
    -CREDI FINANCIAL EXPRESS SL - CIF B87512182
    -PRESEX SOLUCIONES DE FINANCIACION Y SOLVENCIA SL - CIF B88185921
    All with a capital of € 3.000
    infocif .es / company-file / credi-financial-express-sl

    -INVERPRESS ASESORIA TELEMATICA SL B88274071 whose sole owner and sole administrator is Juan Pablo Arias Nieto.
    infocif .es / company-file / inverpress-asesoria-telematica-sl

    -LISTADOS DE MOROSIDAD SL - CIF B88066345 The sole partner of the company and administrator is Stephany Lorena Montilla Sánchez
    infocif .es / company-file / delinquency-lists-sl

    ELIT PROPERTY VISION LTD - BALI LIMITED LTD has a network of websites that advertise miraculous profits through trade. The three companies mentioned appear to be linked to each other, supporting each other for the sole purpose of committing the crime of usurping money from unsuspecting innocents. His deceptions have caused the ruin of many families.
    The CNMV has warnings about the deception they carry out.

    Websites like
    capital245.com,
    westwoodofe.com,
    bitcoinoie.com,
    jbcapitals.com,
    xcoinbroker.com,
    mmfinancialexperts.com
    wtcinversion.com
    everestbtc.com
    capitalpro-inv .com / page-trade /
    executiveprofx.com
    These last three are of recent creation.
    None have authorization or regulation in any country.
    Learn More
    fintelegram .com / again-bulgarian-fx-broker-attack-bafin-warning-against-britonprice /

    They use platforms like PAYWARD LTD, KRAKEN kraken .com, to launder money they steal from the unsuspecting poor.

    Payward Ltd, Kraken .com, does not help track or reverse transfers made to criminals' accounts.
    I will add that the null collaboration of PAYWARD LTD, KRAKEN .COM only benefits organized crime and money laundering. It appears to be a company designed to facilitate money laundering in general.
    It is not necessary to travel to any country that is a tax haven, from the sofa at home you can easily launder the money or currency you want. Kraken is out of any kind of fiscal control.

    • Recommended Brokers Reply

      Hello Scam, thank you for providing this more detailed information and helping with your comments on RichmondFG and preventing future scams or scams, this company seems to use the classic tactics and work system that is clearly a SCAM, pressuring and lying investors to send more money constantly. If you have more information about the broker or if you know where its real headquarters are, from where the calls are made, it will help a lot to be able to report this supposed broker.
      WE ASK ALL OUR USERS TO HELP US AND PROVIDE MORE INFORMATION ABOUT THIS BROKER AND TO PROVIDE ADDRESSES, NAMES OF PEOPLE WHO RUN THE OFFICES, LOCATION OF THE COMMERCIAL / SCAMMERS ETC ...
      According to comments and emails received from clients, we note that MMFINANCIALEXPERTS is linked to a group of brokers, with a very bad reputation, a large number of complaints and numerous complaints in various European regulators. The group includes brokers such as: Bitcoinie, Briton Price, Capital 245, CarterFS, Fly Financial Group, Jbcapitals, Lockwood Investments, MMFINANCIALEXPERTS, RichmondFG, Tradeprofitweb, Wellington Investments, WTCInversion and Xcoinbroker

      As you can see on our website, we give you the option of being able to recover all or part of the money with a company that specializes in it and that has proven to be very effective:
      https://brokersrecomendados.com/reclama-tu-dinero-te-ayudamos/

      regards

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