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Is RIFA regulated by any financial authority?

Broker Issues
RIFA
Regulation
01-24
Estados Unidos
WikiFX
Sagot

Yes, RIFA is regulated by the Securities and Futures Commission (SFC) of Hong Kong, one of the most reputable financial authorities in Asia. The platform holds a valid license for dealing in futures contracts under license number ARP340. This means RIFA is subject to the rigorous rules and regulations set forth by the SFC for futures trading. However, it is important to note that RIFA’s securities dealing license (AAA537) has been exceeded, meaning that the platform no longer operates under SFC oversight for securities trading. This could pose a potential concern for traders who are primarily interested in trading securities, as the lack of full regulatory oversight for securities could lead to increased risks. Despite this, the regulation for futures contracts still ensures a level of investor protection in the futures market. As a regulated entity, RIFA is required to maintain transparency, segregate client funds, and adhere to other investor protection protocols for futures trading.

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