WikiFX Broker Assessment Series | Is RIF-CAPITAL Reliable?

RIF-CAPITAL is an online forex broker offering various industry market instruments. In this article, we make a comprehensive review of this broker in order to help you understand RIF-CAPITAL better.

About RIF-CAPITAL

Registered in Australia, RIF-CAPITAL is an international brokerage firm headquartered in Australia, that provides a broad selection of financial instruments including Forex, Metals, Energies, Indices, CFD Stocks, Commodities, Bond, ETF, and Cryptocurrency. However, WikiFX has given this broker a low score of 1.08/10, but why？

Is it legit？

According to what we know so far, this broker is not regulated by any regulatory institution. We consider this a red flag, and we advise traders to be careful about these potential risks.

Trading Platform

RIF-CAPITAL utilizes a Webtrader platform for accessing the Forex market and other assets. This web-based platform eliminates the need for software downloads, offering convenience for traders who prefer browser-based solutions.

Account Types & Minimum Deposit

RIF Capital offers three account types to suit your trading needs: They are Demo Account, ZERO Spread Account, and Copy Trading Account.

Risk-Free Demo Account: This account is a great way to practice trading without risking any real money. You can test out different trading strategies and get a feel for the markets before you start trading with real capital. The Demo Account comes with virtual funds and allows you to simulate real-world trading conditions.

ZERO Spread Account: This account is ideal for beginners or those who want to trade with tight spreads. There is a minimum deposit of $100 to open this account.

Copy Trading Account: This account allows you to automatically copy the trades of successful traders. This can be a great way to learn from experienced traders and potentially generate profits. The minimum deposit for a Copy Trading Account is also set at $100.

Spreads & Commissions

RIF Capital boasts competitive pricing for EUR/USD trading. Spreads are tight at 0.1 pips, and they don't charge commission fees on trades. This translates to lower trading costs compared to brokers with wider spreads or commission structures.

However, it's important to consider the overall package offered by RIF Capital. Factor in other features like available markets, margin requirements, and platform functionality when making your decision.

Conclusion

RIF CAPITAL is an online brokerage firm located in Australia, offering a wide range of trading instruments, including forex, Metals, Energies, Indices, CFD Stocks, Commodities, Bond, ETF, and Cryptocurrency. However, as an unregulated broker, RIF CAPITAL doesnt give us enough evidence to prove it is a reliable broker.