Ridge Corporations is a forex broker that has been operating since 2021. The company claims to be regulated by the Financial Conduct Authority (FCA) in the UK, but this is not true. The FCA does not regulate Ridge Corporations and has issued a warning against the company.
Ridge Corporations is a shell company with no physical address or contact information. The company’s website is poorly designed and lacks important information, such as the terms and conditions of trading.
Does Ridge Corporations Have Any License?
No, Ridge Corporations does not have any license to operate as a forex broker. The FCA has issued a warning against the company, stating that it is not authorized to provide financial services in the UK.
Are Ridge Corporations Regulated By Any Authority?
No, Ridge Corporations is not regulated by any financial regulatory authority. This means that there is no one to protect investors who lose money trading with the company.
Ridge Corporations Pros and Cons
- The minimum deposit is low.
- The company offers a variety of trading platforms.
- The spreads are competitive.
- The company is not regulated by any financial authority.
- The company has a poor reputation.
- There have been reports of the company refusing to allow withdrawals.
How Do Ridge Corporations Reach To Their Prey?
Ridge Corporations uses a variety of methods to reach potential victims, including:
- Spam emails
- Social media ads
- Cold calls
The company’s representatives often make false promises of high profits and low risk. They may also ask for personal information, such as bank account details, in order to open a trading account.
The minimum deposit to open a trading account with Ridge Corporations is $250.
Ridge Corporations offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5. These platforms are popular among forex traders and offer a variety of features, such as charting tools, technical analysis indicators, and automated trading.
The spread is the difference between the bid and ask price of a currency pair. Ridge Corporations’s spreads are competitive, but they are not the lowest in the industry.
Ridge Corporations offers leverage up to 1:500. This means that you can control a position worth $500,000 with a deposit of just $1,000. However, high leverage can magnify losses as well as profits.
Packages and Products They Offer
Ridge Corporations offers a variety of packages and products, including:
- A standard trading account
- A VIP trading account
- A demo account
The standard trading account offers the most basic features. VIP trading account offers more features, such as access to a dedicated account manager and faster withdrawals. The demo account allows you to trade with virtual money without risking any real money.
Withdrawal and Deposit Method
Ridge Corporations offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and wire transfers. The company claims that withdrawals are processed within 24 hours, but there have been reports of delays and problems.
What Do Their Previous Traders Say?
There are many negative reviews of Ridge Corporations online. Former clients have complained about the company’s refusal to allow withdrawals, the use of fake trading software, and the high-pressure sales tactics of the company’s representatives.
Summing Up- Why Should Not You Trust Ridge Corporations
Ridge Corporations is a scam broker that should be avoided. The company is not regulated by any financial authority and has a poor reputation. There have been reports of the company refusing to allow withdrawals and using fake trading software. If you are considering trading with Ridge Corporations, I urge you to reconsider.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money trading with Ridge Corporations, you may be able to recover your funds with the help of a financial recovery service. These services specialize in helping victims of investment fraud get their money back.
I recommend that you contact a financial recovery service as soon as possible. The sooner you act, the better your chances of recovering your funds.
File A Complaint Against Scam Broker's
Ridge Corporations is a scam broker that should be avoided. If you are considering trading with the company, I urge you to reconsider. There are many legitimate forex brokers out there that you can trade with. Do your research and choose a broker that is regulated by a reputable financial authority.
I hope this article will help you.
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