RichFielder seems to be a new broker on the market who’s using familiar techniques for scamming clients. One of those would be using false ads such as Bitcoin System and Crypto Engine and publishing fake articles related to these ads about people who became millionaires overnight.
Unfortunately, the market doesn’t work that way, and we will show you why in our RichFielder review.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||FCA, CONSOB|
|Supported Platforms:||Web trader|
|Minimum Deposit:||5,000 GBP|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
RichFielder Regulations and Security
While the broker pretends to be based in Singapore, with offices in Switzerland and UAE, we have no clue who’s behind this illicit operation. Nowhere on the website could we find the company’s name in charge or any person related to the brokerage. Since the alleged headquarters is in Singapore, we’ve checked the MAS register looking for RichFielder regulation. You can already guess, we found nothing.
Therefore, we can conclude that this particular broker is not regulated, and you have absolutely no security of your funds.
RichFielder Warnings From Financial Regulators
Since the broker is operating mainly in the EU and Asia, as they say themselves, we were not surprised that European regulators noticed its scam.
The first to publish an official warning was the UK FCA, warning its citizens not to invest any money into RichFielder since they won’t be able to get money from FSCS as the company is unregulated.
The same warning came a couple of days later by the Italian CONSOB.
Fund Withdrawal Issues
With everything being said, we were not shocked to hear about RichFielder’s withdrawal issues. The company is not letting clients get their funds back. After investing an enormously high initial deposit of 5,000 GBP, clients are persuaded to invest more and more. However, if you have no funds left or are unwilling to add more before seeing any results, the broker will simply suspend your account and funds. Since there’s no official regulator, you will hardly be reimbursed.
If something similar happens, let us know, and let’s file a dispute for a chargeback immediately.
Traders About RichFielder Scam
As you can imagine, traders have nothing good to say about the entire RichFielder scheme. Also, according to RichFielder reviews, the broker uses proprietary web trader without MetaTrader’s functions, requires a too high minimum deposit, and provides unregulated leverage of up to 1:100. Once clients ask for a payout, they are blocked and cannot contact the brokerage further.
How To Know If You Have Been Scammed Online?
If you notice that your account is having technical issues or has been suspended for more than a few hours, it is a sure sign of a scam. Besides, if you have problems with the platform, you notice any trades you never opened yourself, or your broker gives you lousy advice right after you asked for a withdrawal, all these are potential scam signs.
Whenever you notice anything suspicious, you shouldn’t wait until your funds are lost. Contact us immediately, and we will help you resolve the issue and get your money back.
Scammed by RichFielder?
Finally, if you were scammed by RichFielder or a similar bogus broker, let us know. We will connect you to a chargeback specialist who will guide you to prepare a dispute and requesting a chargeback.
But What Is A Chargeback?
It’s a way for your bank to reverse the transaction if you were scammed online. Please contact our customer support via online chat and get all the info during a free consultation for further details. Let’s get your money back before it’s too late!
What is RichFielder?
As per our research, RichFielder is an unregulated online trading brokerage allegedly based in Singapore.
Is Rich Fielder a scam broker?
RichFielder has been blacklisted in the UK and Italy for conducting scams.
Is RichFielder regulated?
No, RichFielder broker has no regulations and provides financial services illegally.