Rifafx Review

About Rifafx

RIFA FX operates via the domain rifafx.com, advertising trading across forex, crypto, stocks, metals, and commodities. The site presents web and mobile platforms, states connectivity with TradingView, and mentions a proprietary API. It lists two account types: “Spread” (minimum deposit $30, spreads from 0.6 pip, leverage 1:100, zero commission, swap‑free, minimum order volume 0.01 lot) and “Commission” (minimum deposit $10,000, spread 0, leverage 1:100, commission $0.2 per 0.01 lot, swap‑free, minimum order volume 0.01 lot). Login and account opening links on the site point to rifafxtrading.com. Official site

The UK Financial Conduct Authority published a warning classifying “RIFA FX” as an unauthorised firm on 21/08/2025, listing the website www.rifafx.com and UK contact details. The FCA page notes that dealing with unauthorised firms does not provide access to the Financial Ombudsman Service or protection from the Financial Services Compensation Scheme. FCA

Pros and cons

Pros

• Two advertised account types with defined pricing: Spread (from 0.6 pip, zero commission) and Commission (spread 0 with stated per‑lot commission).
• Swap‑free terms shown for both account types and minimum trade size from 0.01 lot.
• Web/mobile platforms with stated TradingView connectivity and an API.

Cons

• FCA warning names RIFA FX as an unauthorised firm (published 21/08/2025) and lists www.rifafx.com.
• No FCA‑related protections (FOS/FSCS) when dealing with unauthorised firms, per the regulator’s notice.