RickGlobal Review

Is RickGlobal Scam or Legit Broker?

No, it is not safe to trade with RickGlobal. RickGlobal is owned by RickGlobal which is an offshore company registered in Vanuatu and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license.

• Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial establish capital which is $2,000 only, pay a fee, and within a 2-3 months, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers such as RCM FX, OlympusMarkets, and more. 

What is RickGlobal?

According to the website, "RickGlobal is a licensed world-class stock exchange broker, which provides high-quality financial and investment services to customers around the world. All the services and financial operations of our company are regulated by the Financial Services Commission (VFSC)."

• As to the broker’s VFSC license, from our source, it costs €24,000 per year to become a member. However, and there is no handbook or guidelines for brokers to run their businesses. Therefore, there is zero protection for traders. We have a detailed article explaining the risk of trading with brokers from Vanuatu.
• The company doesn't provide any details about its location or contact phone number. We can judge from the map on the website that RickGlobal is located in the United Kingdom. However, there is no proof from the local regulator the FCA (Read about Fortrade minimum deposit, which is an FCA-regulated broker) that broker is allowed to provide financial services. 

RickGlobal Review Conclusion

We advise all investors and traders to avoid RickGlobal and other brokers from Vanuatu. It is not safe to trade with offshore and unregulated brokers, as usually they turn out to be investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as XM and FXTM (Read about FXTM trading conditions).

RickGlobal Update

Recently the RickGlobal website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals.