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RICO

Brazil | 5-10 years |
Suspicious Regulatory License | High potential risk

http://www.rico.com.vc

Website

Rating Index

Influence

Influence

A

Influence index NO.1

Brazil 8.74
Surpassed 15.30% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+55 11 3003-5465
http://www.rico.com.vc
Av. Chedid Jafet, 75 - Torre sul - Vila Olimpia, São Paulo - SP, 04551-060
https://www.facebook.com/Ricocomvc/

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-09-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Brazil
Operating Period
5-10 years
Company Name
XP Investimentos CCTVM S.A.
Contact Number
+551130035465
Company Website
Company address
Av. Chedid Jafet, 75 - Torre sul - Vila Olimpia, São Paulo - SP, 04551-060
Marketing Strategy
Biz Area
Website
Company Summary
Wiki Q&A
Comment

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Website

rico.com.vc
99.84.133.121
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
WHOIS2.AFILIAS-GRS.NET
Company
VC MINISTRY OF TELECOMMUNICATIONS REGISTRAR (R61-LRCC)

Company Summary

RICO Review Summary
Founded2011-02-17
Registered Country/RegionBrazil
RegulationUnregulated
Products All Investments/Direct Treasury/Tixed Income/Other Investments/The Stock Market and BM&F
Demo Account
Trading PlatformProfit Rico Trader/MetaTrader 5/TraderEvolution/Tradezone/Tryd Pro/Profit
Customer SupportPhone: +55 11 3003-5465/+55 11 4007-2465/800-771-5465
Whatsapp: +55 11 4935-2740
YouTube, Instagram, Facebook, Twitter

RICO Information

Founded in 2011, RICO is an unregulated investment company registered in Brazil. The company provides various products including all investments and simulators and 5 major platforms with different charges, such as Profit Rico Trader, MetaTrader 5, TraderEvolution, Tradezone, Tryd Pro, and Profit. RICO offers investment accounts for investing and digital accounts to handle daily transactions.

RICO Information

Is RICO Legit?

RICO is not regulated, making it less safe than regulated companies.

Is RICO Legit?
Is RICO Legit?

What products does RICO provide?

The company provides various products including all investments, direct treasury, fixed income, CBD, LC, LCA, LCI, and debentures. RICO also offers other investments, such as investment funds, real estate funds, COE, CRI, CRA, and public offering-lPO. In addition, the stock market and BM&F involved Stock rental, Options, Futures contracts, Mini contracts, Stock futures, and Liquidity Provider-RLP.

What products does RICO provide?
What products does RICO provide?

Account Type

Rico offers two accounts with different balances. Through the investment account, users can invest in fixed-income and variable-income applications, and use the digital account to handle daily transactions such as paying bills, sending and receiving PIX and TED, and receiving wages.

Trading Platform

In RICO, users are free to choose any platform including Profit Rico Trader, MetaTrader 5, TraderEvolution, Tradezone, Tryd Pro, and Profit. Apart from Metatrader5 (real and demo account), Tradezone Web (Webchart), and TraderEvolution Web platforms are free. The fees charged by each platform are also different:

R$ 60.00 – Tradezone Desktop;

R$ 160.00 – TraderEvolution Desktop;

R$ 14.90 – RicoTrader;

R$ 100.00 – Tryd Pro;

R$ 19.90 – Tryd Trader;

R$ 120.00 – ProfitPlus and

R$ 139.90 – ProfitPro.

However, for paid platforms, there is also an ISS cost of 10.68% of the amount charged.

Trading PlatformSupported Available Devices
Profit Rico Trader-
MetaTrader 5MetaTrader
TraderEvolutionWeb/Desktop/Mobile
TradezoneDesktop/WebCharts
Tryd Pro-
Profit-
Trading Platform

Customer Support Options

Traders can follow RICO on YouTube, Instagram,Facebook, and Twitter and keep in touch with the company by calling WhatsApp and phone.

Contact Options Details
Phone +55 11 3003-5465/+55 11 4007-2465/800-771-5465
Whatsapp+55 11 4935-2740
Social Media YouTube, Instagram, Facebook, Twitter
Supported Language Portuguese
Website Language Portuguese
Physical Address Av. Chedid Jafet, 75 - Torre sul - Vila Olimpia, São Paulo - SP, 04551-060

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • High potential risk

Wiki Q&A

Дмитрий
Within 1 year

Which types of trading instruments does RICO offer, such as forex, stocks, indices, cryptocurrencies, or commodities?

WikiFX Reply
As an independent trader with years of experience evaluating brokers, I approach every platform with caution and a keen focus on its product range and regulatory standing. When I looked into RICO, I noted that the broker is a Brazil-registered investment company offering diverse instruments but, importantly, remains unregulated—an aspect that raises significant safety concerns for me and dictates extra vigilance. From my assessment, RICO does not focus exclusively on forex. Instead, it takes a broader approach, providing access to a variety of investment products. RICO offers instruments such as stocks, options, futures contracts (including mini and stock futures), stock rental, and liquidity provider services within the BM&F Brazilian market ecosystem. Additionally, there are direct treasury, fixed income products, debentures, and other investment options like real estate funds, investment funds, COEs, CRIs, CRAs, and IPOs. However, despite offering MetaTrader 5—which is popular among forex traders—I couldn’t find clear evidence of dedicated forex or cryptocurrency trading. The emphasis seems much more geared toward the Brazilian equity and derivatives landscape rather than global forex or crypto assets. Given these nuances, RICO’s strength lies in accommodating Brazilian market instruments and fixed-income products rather than serving as a well-rounded international CFD or forex provider. If your trading interests are primarily in forex or digital assets, my experience suggests that this broker may not fulfill those needs. Most importantly, due to the lack of regulation, I would personally exercise considerable caution before considering significant capital exposure here.
Broker Issues
RICO
Instruments
Platform
Leverage
Account
09-05
United States
Nagarjuna
Within 1 year

Could you break down what the total trading costs are for indices such as the US100 when trading on RICO?

WikiFX Reply
Based on my review and experience in assessing brokers, understanding the complete cost structure is crucial before considering trading indices like the US100 on RICO. What stands out immediately for me is that RICO is unregulated and flagged as high risk, which, from my perspective, already demands extra caution. In regulated environments, trading costs are generally well-disclosed and somewhat standardized. However, with RICO, the breakdown is far less transparent. The primary trading costs for indices like the US100 on RICO are composed of both platform fees and any embedded trading costs (such as spreads or commissions). RICO offers several platforms, but some, including Tradezone Desktop and TraderEvolution Desktop, carry fixed monthly fees—R$60 and R$160, respectively—while others like RicoTrader and Tryd Pro also incur ongoing charges. On top of that, there’s a mandatory ISS tax of 10.68% added to those fees. For me, these platform charges are quite significant, especially compared to brokers where platforms are often free. What isn’t clearly detailed by RICO is the specific spread or commission per trade for indices such as the US100. That lack of transparency is a major red flag in my experience; it means I wouldn’t be able to estimate my total trading costs reliably. Between recurring platform fees, additional taxes, and uncertain on-trade charges, the true cost of trading indices on RICO could easily outweigh any potential benefits, especially when safer, more transparent alternatives exist. For me, the combination of high fixed costs and regulatory uncertainty makes this broker an unattractive choice for index trading.
Broker Issues
RICO
Fees and Spreads
09-03
United States
tabawan_dreamer
Within 1 year

Have you experienced any drawbacks with RICO's platform stability or their customer support services?

WikiFX Reply
Drawing on my experience as an independent trader, I have significant reservations regarding RICO, particularly when it comes to platform stability and customer support. The foremost concern for me is that RICO operates without valid regulation or oversight, which introduces a substantial element of risk that cannot be understated. This lack of regulatory protection is a red flag and affects my overall trust in any services they offer—including their technical performance and user help channels. In terms of platform stability, while RICO provides a range of trading platforms such as MetaTrader 5, Profit Rico Trader, and others, I am cautious. The diversity in platform offerings is appealing on the surface, but when these are tied to an unregulated broker, I worry about service reliability, execution integrity, and potential for technical disruptions—especially during volatile market periods. Stability is crucial in active trading, and without the backing of robust oversight, any assurances about uptime or order processing feel less convincing. Customer support is another critical area for me. Although RICO offers multiple contact methods, including WhatsApp, phone, and several social media channels, the effectiveness of these services, in my view, is ultimately questionable without strict industry supervision. Responsive and accountable support is essential for resolving trading or account issues promptly, and for me, this assurance is lacking when dealing with an entity flagged for high risk and no regulatory backing. Ultimately, my cautious stance with RICO is shaped by these observations. For traders prioritizing safety and dependable service, I believe it is vital to weigh these drawbacks very seriously before committing funds or relying on their support or technology.
Broker Issues
RICO
Regulation
08-01
United States
ryad22
Within 1 year

What kinds of documents do I usually need to provide for my initial withdrawal from RICO?

WikiFX Reply
In my experience, making an initial withdrawal from an unregulated broker like RICO requires particular caution. As RICO operates without any formal regulatory oversight, there is less transparency and no mandated standard for documentation requirements. However, most investment platforms—especially those based in Brazil and offering both investment and digital accounts—generally request certain documents to comply with internal policies and banking partners’ anti-fraud measures. Typically, I expect to need to provide a government-issued photo ID, such as a passport or national identity card, along with proof of address, which could include a recent utility bill, bank statement, or similar official document showing my name and address. Depending on the platform's internal procedures, a selfie holding my ID or additional verification steps may sometimes be necessary, especially since RICO seems to deploy multiple platforms and technologies, further increasing the importance of proper identification. Since RICO is unregulated and WikiFX has flagged it with high risk and a suspicious license, I am acutely aware that withdrawal rules might change, delays can happen, and extra documentation might be requested—sometimes at short notice. Personally, I always keep my account registration details, transactional history, and any correspondence with support saved, as these can become crucial if I ever have to demonstrate account ownership. Ultimately, the lack of regulatory supervision means I approach withdrawals from RICO with added vigilance and always make sure I am prepared to supply basic ID and address documents as a minimum, with the possibility of further requests depending on the firm’s risk management approach.
Broker Issues
RICO
Deposit
Withdrawal
07-20
United States
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