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The WikiFX Score of this broker is reduced because of too many complaints!

RIFA

Hong Kong | 15-20 years |
Regulated in Hong Kong | Dealing in futures contracts | Suspicious Scope of Business | Suspicious Overrun | High potential risk

http://www.rffg.com.hk/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Russia 2.52
Surpassed 64.90% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+852 3900 1718
hkrf@rffg.com.hk
http://www.rffg.com.hk/
香港軒尼詩道28號7樓全層
The WikiFX Score of this broker is reduced because of too many complaints!
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-06-08
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
3

Basic Information

Registered Region
Hong Kong
Operating Period
15-20 years
Company Name
日发国际金融有限公司
Abbreviation
RIFA
Company employee
--
Customer Service Email Address
hkrf@rffg.com.hk
Company Website
Company address
香港軒尼詩道28號7樓全層

Manish Kumar Rai

Unverified

India

I get whatsapp msg from other country no and after that she started chatting and after some time she told me for financial help and I installed mt5 and than started trading on Fogee in few days I earned 37833usd when I raised a withdrawn request she shared me a customer service manger no and that Manager ask me to deposit 30% as tax I negotiate with him and ask for 200usd withdrawn only further I transfer 62usdt as tax after that they refuse for fund received and freeze my account now.

Exposure

2021-11-10

gustavo_fring

Unverified

Malaysia

If I can't pay 30%, they will deduct 5% EVERDAY from my MT5 account. I have paid USD33,340.69, balance USD5,400 yet to pay. I have not enough money to pay into it. I can't even get back my money from MT5 to pay back my loan. They're still holding my money. I have balance of 162k USD in my MT5 account. I paid a lot. Now want to withdraw they asked me to settle that 30% deposit then only release my money to my Binance account. How can I claim back my money?

Exposure

2021-09-20

雨田lei

Unverified

Hong Kong

On a friend’s recommendation, I downloaded the 11 APP and deposited 150 thousand. She asked me to download MI Chat and added the teacher 30 minutes before the operation. During that time, I added 50 thousand when there was a cocking market. The teacher claimed that my account is at risky. Then I added 132 thousand to do hedging, making a profit of 1.8 million or so. When it came to withdrawal, I was asked to pay a 20% margin, i.e., 300 thousand or so, at which time, I doubted whether I has been cheated.

Exposure

2020-06-09

刘涧

Unverified

Hong Kong

My principal and the commission have not been withdrawn. RIFA is a scam. It delay the payment from last year to the present. They have not solved it for me. Finally, their salesman directly sent me a channel business license and then there is no message.

Exposure

2019-02-14

FX7269453295

Unverified

Hong Kong

On December 8th,2018,I was induced by Zhang Xiankui of RIFA to transfer 25 thousand RMB to the account 6236681210001745012 through China Construction Bank Corporation Shanghai Futures Branch.It equaled $3333.33 with the rate 1:7.5.The salesman said that the platform invited two elite teacher Liu Gudu and Li.Especially,teacher Liu, who can profit 180 pips within 2 hours to earn money by 16 times,is a professional analyst.They all operate for who has large fund.I was in small fund with high risk.He said that these two teacher is the profit guarantee.Since december 10th,2018,the salesman has became the customer service,who asked me to delete the posts online,saying that this is slander.He told that as long as I follow them,I would get back my fund.I appeal more person to avoid the fraud platform.

Exposure

2018-11-13

FX7269453295

Unverified

Hong Kong

I think RIFA must compensate me, for the following reasons: 1, They showed me profit evidence to induce me. They induced me to trade directly without any investment education. I lost money all because I believed their bullshit. 2, The platform is a clone, which promoted fake news. They said they have professional instructors to make money for you. Later I found their license in Hong Kong has no right to trade forex. What’s more, it is a clone license. They made their server and system crash all the time to make us lose money. 3, The government is controlling strictly the financial market. RIFA’s business mode is exactly the same with the scam mode exposed by banks. I have all the evidence. In September 2018, a salesman of RIFA added me on Wechat whose name is Wang Baoqiang. He asked me to trade on RIFA, saying it is a legit platform.

Exposure

2018-11-09

FX9879385547

Unverified

Hong Kong

On April 16th,2018,a salesman of RIFA called me and said that they had cooperation Trade Xia.I had account in it,thus they could acquire my number.They recommended the analyst(zhang Yidong,Mobile phone:18221091431 QQ:997005573),saying that he was a professional analyst whose clients were all owning large fund(400 thousand RMB).The salesman sent me constant message.I said that I had only several tens thousand yuan and had no time to pay attention to the market.They said that they would like to help me follow it and fill the application.With his help.I opened an account and deposited 42000 RMB.At that night,I was told to trade,profiting several hundred US dollars.I asked whether I should close position,he asked me to wait.But the order was closed.I told him about my thoughts.He told me to have a long insight.I was suspicious of him.Then he told me to trade Der Dax ang Heng index,saying that the market would be volatile.Only by trading one lot can I recover the losses.I was amazed.He told me to buy long even the market was going down.I argued with him.Then he said the market was strange.Then I was to go to bed.With his lobbying,I bought a short order of Heng index,resulting in a loss.I was mad.Didn’t he know the market?I made a loss of $3000 overnight.The next morning,he called me and told me to go short of Heng Index.The result was the same.During the trading process,his thoughts was contradict with mine.I deposited 17000 RMB again,then my account became forced liquidation.After that, I found the right protection team and made a complaint on the platform.The salesman called me and said that they would give me $3,000 and asked me to withdraw the case immediately as long as I delete the complaint.I did not agree and said that I must receive it first.On the third day, I received the order voucher (4,200 yuan) by the acquiring institution (Yin Ying Tong).I pondered for a few days and finally found out the flaws. I checked the express number online and figure out that the express was different.I asked the staff,they said that the company asked them to do so.I list the reasons why RIFA and Yinyingtong must give me compensation: 1. It doesn’t give me any risk explanation No one has done any virtual market for me, and asked me to get started. No one told me about any risk and forced liquidation. I just believe that the platform is legit and follow the teachers’ instruction. 2. Fake publicity. Before opening an account, I said that I didn't have time to pay attention to the market, and I didn't understand it. They made me rest assured. Later, I checked the type of license on the WikiFX. It shows that their license(Registration NO.: AAA537)was overrun. 3. RIFA acts as the counterparty with investors.If members make money, they must let the investors lose money. It is a dealing-desk broker.The behavior is prohibited by the 38th civilized order of the State Council. 4. The strength of the CSRC this year is so great that the state attaches great importance to it and is severely cracked. The entire trading system provided by the member units is exactly the same as the pseudo-futures trading model prompted by the CSRC. I have collected a list of QQ order recommendations, bank bills and trading software of the member.

Exposure

2018-08-03

7
Biz Area
Website
Genealogy
Relevant Enterprises
Company Summary
Disclosure
Comment

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Official website

Website

rffg.com.hk
113.28.167.115
Server Location
Hong Kong
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
WHOIS.HKIRC.HK
Company
-

Relevant Enterprises

Rifa Futures Limited(Hong Kong)
Active
Hong Kong
Registration No.
1227680
Established
2008-04-16
Rifa Securities Limited(Hong Kong)
Active
Hong Kong
Registration No.
0025436
Established
1971-10-06

Company Summary

RIFA Review Summary
Founded2016
Registered Country/RegionHong Kong
RegulationSFC
Market Instrumentssecurities and futures
Demo Account/
Leverage/
Spread/
Trading PlatformRIFA Securities Mobile Trading Platform, Ayers Security Code, Rifa Futures Trading Software - Yisheng Polestar 9.3, Yisheng Yixing APP
Minimum Deposit/
Customer Support4008 908 168
852 3900 1781
86 14715035047
852 3900 1718

RIFA Information

RIFA is an online trading platform regulated by the SFC for futures contracts (License ARP340). They offer security and futures trading through various platforms, including mobile and desktop options, with multiple contact numbers for customer support.

RIFA Information

Pros and Cons

ProsCons
Various trading platformsNo demo accounts
Regulated by SFCOnly telephone support
Transparent fees

Is RIFA Legit?

RIFA is currently regulated by Hong Kong's SFC for futures contracts (License ARP340) while its securities dealing license (AAA537) is exceeded.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
The Securities and Futures Commission (SFC)RegulatedHong KongDealing in futures contractsARP340
The Securities and Futures Commission (SFC)ExceededHong KongDealing in securitiesAAA537
license
license

What Can I Trade on RIFA?

RIFA mainly offers security and futures trading.

Tradable InstrumentsSupported
Securities
Futures
Forex
Cryptos
Commodities
Indices
Options
Bonds
assets

RIFA Fees

  1. Stock Trading Fees
TypeFees
CommissionPlease consult your broker
Transaction Levy0.0027% of the transaction amount
Transaction Fees0.00565% of the transaction amount
Stock stamp duty0.1% of the transaction amount (if the amount is less than $1, it will be calculated as $1)
Settlement Fee0.005%, minimum HKD 5.5* (charged in the currency charged by the clearing house)
China-Hong Kong System Connection FeeHK$15 per order (not combined)
Financial Reporting Council Transaction Levy0.00015% of the transaction amount (rounded to the nearest cent)
RIFA Fees
  1. Agent Service Fees
TypeFees
Collect dividends0.5% of total dividend (0.12% HKSCC), min HK$30/US$4/CNY$30, max HK$10,000 (charged in dividend currency)
Exercise rights/warrants/CBBCs/takeoverHK$1.5 per stock lot (HK$0.8 H.K. Clearing), min HK$30 (charged in product settlement currency)
Applying for additional rightsHK$1.5 per lot, min HK$30
Registration & transfer fees (stocks, bonus shares, warrants, rights)Transfer fee HK$2 per lot (HK$1.5 H.K. Clearing Corp.). HK$10 per stock, HK$30 per bonus share (calculated per stock). (charged in clearing house currency)
Agent Service Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
RIFA Securities Mobile Trading PlatformAndroid 4.0 or iOS 7.0 system/
Ayers Security CodeAndroid 4.0 or iOS 7.0 system/
Rifa Futures Trading Software - Yisheng Polestar 9.3Windows/
Yisheng Yixing Mobile Trading PlatformAndroid, iOS (via QR Code)/
Trading Platform
Trading Platform

Keywords

  • 15-20 years
  • Regulated in Hong Kong
  • Dealing in futures contracts
  • Dealing in securities
  • Suspicious Scope of Business
  • Suspicious Overrun
  • High potential risk

User Reviews 7

All (7) Exposure (7)
FX9879385547
6-10 years
Exposure
RIFA pockets my fund of 59 thousand RMB
On April 16th,2018,a salesman of RIFA called me and said that they had cooperation Trade Xia.I had account in it,thus they could acquire my number.They recommended the analyst(zhang Yidong,Mobile phone:18221091431 QQ:997005573),saying that he was a professional analyst whose clients were all owning large fund(400 thousand RMB).The salesman sent me constant message.I said that I had only several tens thousand yuan and had no time to pay attention to the market.They said that they would like to help me follow it and fill the application.With his help.I opened an account and deposited 42000 RMB.At that night,I was told to trade,profiting several hundred US dollars.I asked whether I should close position,he asked me to wait.But the order was closed.I told him about my thoughts.He told me to have a long insight.I was suspicious of him.Then he told me to trade Der Dax ang Heng index,saying that the market would be volatile.Only by trading one lot can I recover the losses.I was amazed.He told me to buy long even the market was going down.I argued with him.Then he said the market was strange.Then I was to go to bed.With his lobbying,I bought a short order of Heng index,resulting in a loss.I was mad.Didn’t he know the market?I made a loss of $3000 overnight.The next morning,he called me and told me to go short of Heng Index.The result was the same.During the trading process,his thoughts was contradict with mine.I deposited 17000 RMB again,then my account became forced liquidation.After that, I found the right protection team and made a complaint on the platform.The salesman called me and said that they would give me $3,000 and asked me to withdraw the case immediately as long as I delete the complaint.I did not agree and said that I must receive it first.On the third day, I received the order voucher (4,200 yuan) by the acquiring institution (Yin Ying Tong).I pondered for a few days and finally found out the flaws. I checked the express number online and figure out that the express was different.I asked the staff,they said that the company asked them to do so.I list the reasons why RIFA and Yinyingtong must give me compensation: 1. It doesn’t give me any risk explanation No one has done any virtual market for me, and asked me to get started. No one told me about any risk and forced liquidation. I just believe that the platform is legit and follow the teachers’ instruction. 2. Fake publicity. Before opening an account, I said that I didn't have time to pay attention to the market, and I didn't understand it. They made me rest assured. Later, I checked the type of license on the WikiFX. It shows that their license(Registration NO.: AAA537)was overrun. 3. RIFA acts as the counterparty with investors.If members make money, they must let the investors lose money. It is a dealing-desk broker.The behavior is prohibited by the 38th civilized order of the State Council. 4. The strength of the CSRC this year is so great that the state attaches great importance to it and is severely cracked. The entire trading system provided by the member units is exactly the same as the pseudo-futures trading model prompted by the CSRC. I have collected a list of QQ order recommendations, bank bills and trading software of the member.
2018-08-03

Hong Kong

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consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
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