Richmondsuper.com Review: Is Richmond Super Legit?
Is Richmondsuper.com a scam or a legit investment opportunity?
This is the question that majority of traders and investors are asking because Richmond Super is promising abnormal returns from stocks trading.
They even claim that Richmond Super is a stock exchange where we can buy, sell and invest in shares. We therefore assume that they are masquerading as a stock broker.
But we don’t trust them, which is why we didn’t include them in our list of the most recommended trading and investing resources.
The website shows typical characteristics of an investment scam peddling nothing but snake oil.
The following is a list of proclamations on the Richmond Super website:
1.We can grow our net-worth with top-performing stocks
2.Stocks have outperformed Gold over time
3.They will help us make “generational wealth”
4.Investing in Equities is a game changer
All of these promises are typical of an investment scam.
Also, what Richmondsuper.com does not disclose is whether they are a broker or an investment platform where all trading will be done by them.
On another section of their website, Richmond Super makes reference to Forex and CFDs trading with spreads starting 1.5 pips.
In addition to this, Richmondsuper.com is providing a trial for $250 where we can allegedly trade 200 assets using a 1:100 leveraged account.
It’s quite strange that Richmond Super does not even have a demo like a typical MT4 Forex broker.
Background information of Richmondsuper.com
Despite their claim of helping investors generate wealth from stock trading, this website is very new but full of red flags.
According to who.is, they first appeared online in October 2020. We consider this a relatively short period of time for a company that is soliciting thousands of dollars online.
Of course it’s registered anonymously, which means establishing the true ownership of Richmond Super can be a daunting task.
In fact, we’ve ran a quick background check for the usual stats and discovered that despite existing for 1 year only, Richmond Super is extremely popular with most traffic coming from India.
In addition to this, the top searches for this website include words like “whois” which means people are curious; they would like to know the people behind Richmondsuper.com.
This is an obvious red flag and at this point, we don’t even know who can trust a website like this with their hard-earned money.
It seems that aesthetic beauty of the website is their only advantage because people are generally attracted to good-looking websites.
Richmond Super account types: they are too risky
They provide 5 different account types. However, these account types appear to be targeting people who have worked extremely hard for their money.
Apart from the $250 minimum deposit account, Richmond Super is asking for the following amounts.
1.Passive Income ….. $10,000
2.Portfolio management….. $50,000
3.Retirement……. $100,000
4. Heritage….. $250,000
And there is also a VIP package where this website is promising all the finest things of life e.g. Yacht rides, first class plane tickets etc.
They lure traders and investors with attractive benefits, which makes the higher accounts seem tempting.
However, we cannot see any evidence of a trading platform existing within the website despite Richmond Super mentioning spreads, leverage etc.
This could suggest that the website is not a typical Forex broker but something else.
Not a licensed broker or investment opportunity
RichmondSuper is a very secretive website as they neither disclose their location nor licensing details.
All stock brokers in the world are required to hold some sort of a license from a financial regulator.
This website does not have one and does not even make an effort to provide a statement on the same.
It is therefore too risky to “invest” with a website like Richmond Super because chances are that it will scam you, hence the reason they are not licensed.
It also means the safety of your funds is in jeopardy as there will be no accountability in a situation where authorities are not watching the conducts of a purported broker or money manager.
All evidence suggest RichmondSuper is an Investment scam
Having analyzed the appearance of this website as well as its operations, we can deduce that it’s an investment scam.
They intend to take your money and disappear with it. There is no trading platform either.
Furthermore, we don’t even know who the “investment managers” are. Basically, this site is not providing the kind of information that investors need.
Conclusion
It’s a pyramid scheme under wraps. Why would they hide and how do they generate the 600% returns which they advertise on their website?
We have a feeling that the trial is just a trap to get people to deposit more money, thanks to silver-tongued sales people who run the website from their fake social media pages.
In fact, they operate like FXPro International (which is a copycat scam of a broker called FXpro).
Only the financially desperate can create accounts here, hoping to make huge returns from the stock market.
As for you who have read this Richmond Super review, do not fall for their tricks.
paul connor
This Company is far from legit , they are the biggest scammers on the market today .
Just Google Richmond super reviews and you will see how bad they are .
Do not invest anything with this company they are crooks
Lesley
Come across as professional and savvy. Their website looks so legit. Beware they are scammers. Will take everything you deposit and if you want to withdraw any there’s always an excuse. Then they’ll tell you your money was wiped out by the ‘market’ . Don’t ever consider them as above board. Anything but.
Thomas MCconnan
Richmond super are just very terrible set of professionals who seem to bed very goo good at what they do.
I did a due diligence test before investing with Richmond but guess what ?
I ended up getting burned. This is to create awareness, not everybody can be as lucky as I was.
if claimpayback.com had not taken my case and reclaim my loses, i would never have understood Richmonds modus operandi.
not even only Richmond, but Etoro, 500 investment and all. they are all scammers please don’t fall for it.
i was scammed of over 220,000Aud after their compliance lady promised me high yield returns. i didn’t have a problem with the money at all.
i started smelling fowl play when i tried withdrawing some money to purchase a tractor for my farm.
that i discovered i was not able to make any withdrawals.i sent several mails to their compliance lady to know avail.
I managed to find reviews on how claimpayback.com have assisted victims recover their investment
from Richmond super so I followed through with it and today I was given withdrawal access to the funds in my account.
All I wanted to do was invest for a rainy day but Richmond super was willing to abscond with my investment. How Pathetic!
i later realized it is a coordinated scam Richmond Super is under the jurisdiction of the courts of St. Vincent & Grenadines.
It is now clear the broker is registered offshore and traders funds are not protected by any proper regulator.