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RuiGenFuTou

Operating status: SCAM

Website: https://www.ruifx.com/

Broker violations and abnormal records
  • Nov 03, 2022 BrokersView has Reviewed that RuiGenFuTou is an Unregulated Forex Broker

    RuiGenFuTou claims to be one of the brands of Topical Wealth Group, a group with subsidies authorized and regulated by different regulatory bodies, including:

    1) Topical Wealth International Ltd is regulated by Seychelles Financial Services Authority (Seychelles FSA) with license number: SD077;

    2) ET Fintech Pty Ltd is licensed by the Australian Securities & Investments Commission (ASIC) with license 470050.

    We indeed find match results to these two companies in the above regulators. But first, the only approved domain of Topical Wealth International Ltd by Seychelles FSA is "https://www.topicalwealth.com" instead of the one used by RuiGenFuTou. Second, the license of ET Fintech Pty Ltd in ASIC only allows this company to offer services to wholesale clients, not to retail clients.

    The truth is, RuiGenFuTou is just a clone firm that falsely uses the regulatory information of licensed firms. RuiGenFuTou is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    RuiGenFuTou claims to be one of the brands of Topical Wealth Group, a group with subsidies authorized and regulated by different regulatory bodies, including:1) Topical Wealth International Ltd is regulated by Seychelles Financial Services Authority (Seychelles FSA) with license number: SD077;2) ET Fintech Pty Ltd is licensed by the Australian Securities & Investments Commission (ASIC) with license 470050.We indeed find match results to these two companies in the above regulators. But first, the only approved domain of Topical Wealth International Ltd by Seychelles FSA is "https://www.topicalwealth.com" instead of the one used by RuiGenFuTou. Second, the license of ET Fintech Pty Ltd in ASIC only allows this company to offer services to wholesale clients, not to retail clients.The truth is, RuiGenFuTou is just a clone firm that falsely uses the regulatory information of licensed firms. RuiGenFuTou is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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