Rich Point Capital LTD, which operates this website, claims to be registered with Saint Vincent and the Grenadines Financial Services Authority with license number SVGFSA: 25628. However, the company does not provide its legal address but only states the location of its office in London. Will the platform ensure safe trading and the safety of your funds? We’ll review RichPointCapital and look into the reliability of this broker.

How to Trade

RichPointCapital provides access to clients with the author’s WebTrader terminal. You need to register on the site and make a minimum deposit, the amount of which is 1,000 euros in accordance with the minimum tariff plan.

The broker offers the following terms of cooperation:

  • Web and mobile trading application for Forex and CFD trading.
  • Access to trades from anywhere, anytime from Apple or Android devices.
  • 7 types of tariffs with minimum deposit from €1,000 to €250,000 and bonuses up to 35%, up to 3% of monthly profits.
  • Automated trading, instant order execution, personal manager, up to 4 Protected Trades per month.

The minimum deposit amount in RichPointCapital is $250 when deposited via credit/debit cards. The minimum withdrawal amount is 100/500 USD, depending on the type of payment system. The withdrawal request is processed within 7 business days.

RichPointCapital does not provide transparency regarding the trading process, spreads, or commissions. The size of fees is crucial when choosing a broker, usually, unreliable companies hide this information.

RichPointCapital invites traders to annual seminars and events around the world. The company provides its clients with round-the-clock support through the feedback form on the website.

RichPointCapital Vital Info

The owners of the site do not disclose the names of the project leaders, or their photos, there are no facts about the life of the organization. They also do not indicate when exactly the financial organization began providing services. However, considering the date of domain registration in 2023, we can assume that not even one year has passed since the founding of the company. The address of the project’s office is supposedly in London, meanwhile, it is a major business center and is usually referred to by dozens of fake brokers online.

We checked the company’s registration in St. Vincent and the Grenadines and did not find Rich Point Capital LTD in the register of legal entities. As for SVGFSA, this commission is not a regulator and does not control the activity of companies, but only issues registration certificates to brokers. Meanwhile, RichPointCapital does not show the certificate or a copy of the license on its website. We found it strange why the innovative broker does not support online chat or messengers. It is worth noting that the managers do not offer communication via social networks, maybe they do not want publicity?

FAQ

What are the key facts about RichPointCapital?

The team works within the legal framework, according to the website owner, who publishes the address of the office in the UK and the license number in St. Vincent and the Grenadines. However, there is no Rich Point Capital LTD in the registers of legal entities of these countries. Such a business name is registered in Hong Kong and has nothing to do with richpointcapital.com. There is no information about the owners, project managers, copies of the regulator's authorization for brokerage activities in the UK, or certificates of registration of a legal entity on the site.

What's the risk to my wallet when working with this broker?

This project has many problems with legal and technical aspects. The company positions itself as an innovative platform, but the broker does not support online chat or messengers. As a rule, reliable financial organizations and their managers actively offer clients to communicate via social networks, while fraudsters avoid such public interaction with traders. One of the main risks of cooperation is CFD trading with a leverage size of 1:100, which is allowed in Europe no higher than 1:30.

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