Today we will look at the most mysterious broker we have seen so far. This is Ring Financial Limited, which positions itself as a company that has been on the market for over 10 years. But at the same time, for such a long period of work, she did not receive a single review, either in Runet or in foreign countries. Could it really be so. Or we are dealing with another one-day company. Check it out in our detailed review.
Learn how to withdraw money
Ring Financial. General information
Broker's main website:
The site template is the most inconspicuous and dull, inherent in all scam broker offices. But unlike, say, SgxReit has several pages and even social networks (although we later found out that these links only lead to the beginning of the site).
At the top of the home page there is a menu with the following sections:
- about company;
- information on deposits;
- types of accounts;
- trading instruments with the transition to the MT-5 online platform (desktop and mobile versions);
- Contact details.
There is also an e-mail and phone number. There is a login/registration button next to it.
In the header hangs a loud slogan that you have the largest financial market in the world at your fingertips, as well as a call to action - login/registration buttons. The background is a miserable picture with gold bars.
Below is a presentation of an elite trading platform that works on any device.
Next - information about the types of accounts. It's funny, but you can only register a standard account with this broker.
Scrolling down, we see the types of assets that can be traded on the exchange. The following are the benefits that a Ring Financial client receives.
Next come the logos of liquidity providers and a footer with a duplicate menu, as well as published contact information and, as it turned out, non-working social network buttons.
In general, it is an absolutely uninformative resource that you can rivet on your knee while sitting on the subway. We did not find any sensible data, facts and figures.
Expertise of legal information, Ring Financial licenses
The first thing we noticed was that a company allegedly registered in Hong Kong put its website on a Canadian domain (see the very first screen). At the same time, the contact phone number indicated on the site has a UK code. Of course, such a serious organization has offices all over the world. But we think that this is something completely different.
We punched the address indicated in the footer of the site and saw that it was an office building with a huge number of companies. We have repeatedly said that it is very easy for illegal offices to “get lost” in such buildings. Because it is simply profitable for most owners to sell a legal address to some rogue for a one-time fee and at the same time rent the same premises to a real-life physical company on an ongoing basis. There are millions of such "rubber" commercial and residential facilities. And, most likely, this idea has a rational grain, because we did not find Ring Financial in the catalog of companies located at this address.
In addition to the fake address and email, the broker did not leave anything else in the "contacts" section. There is not even a feedback form. A generation is shrinking...
Although the office ambitiously claims to have been on the market for over 10 years, a Whois check showed that the domain for their unfortunate website was created in 2021.
Well, and the last. The broker did not bother to list any licenses from the regulators. But without this document, no one will be responsible for your money. The activities of such brokers are not controlled by anyone. And in case of losses - no one will help you. Everyone who trades with companies without a license voluntarily agrees to give their money to illegal immigrants.
We checked Ring Financial in the registry of the Hong Kong Securities Commission (SFC), but they do not know anything about the heroes of today's review.
The same story with the base of the Central Bank of the Russian Federation, which issues permission to work with traders from Russia and the CIS.
Features of the work of Ring Financial. Tools and conditions for traders
Ring Financial customers receive the following benefits:
- work on the system of end-to-end (direct) processing (STP);
- low spreads and high liquidity of transactions;
- high quality of services;
- confidentiality of personal data;
- minimal delays.
To start trading you need to register. After making a deposit, you can count on a leverage of 1:200, the ability to work with 40+ currency pairs and other goodies. The minimum investment amount is $1,000.
Real customer testimonials Ring Financial
We couldn't find any feedback on Ring Financial's activities. The office did not even spend money on laudatory odes, which they happily write for three kopecks. And the lack of reviews is a direct confirmation that there can be no talk of any 10 years of work experience and a huge number of offices around the world.
We can leave our feedback right on this page. It will be presented at the end of this review.
If you were deceived by Ring Financial - leave comments under this article. Perhaps it is your review that will save someone from losing money.
Ring Financial user fraud scheme
Without feedback, it is difficult to unequivocally determine exactly how Ring Financial operates. But judging by the typical signs of swindlers who operate in the financial field, fraud schemes will be just as classic:
- an increase in the price of assets that need to be purchased in large lots and, accordingly, invest more money - such “advice” is given out by assistants whom scam brokers kindly assign to each “Pinocchio”;
- twisting quotes, adjusting losing trades, demanding to repay a loan;
- the need to pay tax / insurance / commission for withdrawal, which usually “catches up” in volume with the amount of the deposit.
Such "fairy tales" are a direct indication that you are working with crooks. You do not make any real transactions and the money invested in the account will never be seen again.
We found the following signs of fraudulent organizations on the website of the broker Ring Financial:
- false/incomplete contact information;
- lack of state registration;
- lack of licenses from regulators, including the Central Bank of the Russian Federation;
- false information about the time of existence on the market;
- lack of feedback from users.
Well, the promised review is also a conclusion: Ring Financial is 100% a scammer, which is confirmed by our verification. You can rejoice with us that there are no negative reviews about these scammers on the network. This means that not many traders have fallen for their bait yet.
If you have become a victim of Ring Financial or other black brokers and want to get your investment back, fill out the application at the beginning of the article. We will send you step-by-step illustrated instructions on how to get out of this situation.