Rich Point Capital is a scam broker with enticing offers. This internet fraudster pretends to run a trading platform known as “www.richpointcapital.com,” which allows you to trade cryptocurrencies, currencies, commodities, and stocks. They claim to offer several benefits if you deposit your money to start trading with them. They make you believe that if you sign up and fund your trading account, you’ll earn benefits such as a deposit bonus and a monthly dividend. This Rich Point Capital review unmasks this scammer with proof as to why they aren’t a legitimate broker. But first things first, here’s a table showing the company summary with data from www.richpointcapital:
| Company | Nocim Venture Inc |
| Website | www.richpointcapital.com |
| support@richpointcapital.io | |
| Telephone Number | +442081752897 or +16474939200 |
| Company Address | Canary Wharf, 1 Canada Square, London E14 5AA, United Kingdom. |
| Trading platform | Webtrader |
| Tradable Assets | Forex, indices, commodities, and cryptocurrencies. |
| Account Types | Basic, Silver, Gold, Platinum, Diamond, VIP, and Wealth Premium. |
| Minimum Deposit | Depends on the account type: Basic—€1000.Silver—€5000.Gold—€10,000.Platinum—€25,000.Diamond—€50,000.VIP—€100,000Wealth Premium—€250,000. |
| Leverage | Depends on the account type: Basic Account—1:1.Silver Account—5:1.Gold Account—10:1.Platinum Account—20:1 on most assets.Diamond Account—25:1 on most assets.VIP Account—50:1 on most assets. Wealth Premium Account—100:1 on most assets. |
| Bonus On Deposit | Depends on the account type: Basic Account—5%.Silver Account—10%.Gold Account—15%. Platinum Account—20%.Diamond Account—25%.VIP Account—30%. Wealth Premium Account—35%. |
| Monthly Dividends | Depends on the account type. Basic Account—N/A.Silver Account—1% of the total profits.Gold Account—2% of the total profits.Platinum Account—3% of the total profits.Diamond Account—3% of the total profits(automated).VIP Account—3% of the total profits(automated).Wealth Premium Account—3% of the total profits(automated). |
| Regulation | Unregulated |
Reasons This Broker Is a Scammer!!!
An image of Rich Point Capital.
1. Information On The Footer Page Says It All
False and misleading information can be found on the footer of the broker’s website. For example, it says that Rich Point Capital is registered with SVGFSA and holds a license with the number SVGFSA 25628.
The website also claims that cryptocurrencies markets are unregulated and not subject to any given regulatory framework. The reality is that these markets are regulated and remain under the charge of the appropriate regulatory authority.
The footer page also displays information that the broker does not offer their services in the US or to US citizens. That was one of the things that compelled me the most to write this Rich Point Capital review.
You see, various bodies collaborate to safeguard US citizens from scams. These include:
- The Federal Trade Commission(FTC)
- State Attorney General Offices
- Internet Crime Complaint Center(IC3).
- Consumer Financial Protection Bureau(CFPB).
- Better Business Bureau(BBB).
You see, many scammers fear to target individuals in the United States or US citizens. This is because America has strong and functional consumer protection bodies and authorities. These entities are efficient and have robust international cooperation with international law enforcement agencies around the globe.
This makes it challenging for scammers to target US citizens(even those who reside in other parts of the world) or individuals who live in the US.
If a broker is not operating in the US or interested in doing so, the chances are high that they are scam.
2. The Broker Has An Office In London Yet Not Regulated By The FCA
The FCA is the official regulator for all financial services providers in the UK. Any company within this jurisdiction must be licensed and regulated by it. And the law requires FCA registered and licensed companies to conspicuously display their registration details on their websites.
Since this broker has not done that, it means they are unregistered. To cover it up, they display an SVGFSA registration, instead. For starters, SVGFSA stands for “St. Vincent and the Grenadines Financial Conduct Authority. It’s basically the FCA’s office in St. Vincent and the Grenadines.
3. Rich Point Capital Review On YouTube
This is one of the most significant YouTube videos that cover RichPointCapital with 3.1k views at the time of writing this article. Maybe it’s because the channel has a sheer number of followers which was 179k when I was writing this RichPointCapital review.
Titled “RichPointCapital Review | The Ultimate Trading Platform,” it describes www.richpointcapital.com as the “Ultimate Trading Platform.” The presenter also claims it’s one of the leading online platforms blah blah blah….
However, the most shocking part is that it only had one comment(a positive one though) at the time of writing this article. This increased my skepticism even further, because it’s not a common thing for a video on YouTube to garner thousands of views without a corresponding number of comments.
The only plausible explanation here is that this broker paid people to view the video, but they failed to pay the same to leave positive comments, masquerading as customers.
As I said in my recent Flaregain Review blog post, companies exist that sell likes, comments, and many other forms of engagement for YouTube videos, these days.
4. Rich Point Capital Review On Social Media
i. Facebook
When I searched “RichPointCapital” I couldn’t find anything on Facebook. But when I changed the wording to “richpointcapital.com“, I found a supposed Media/News company.
The Enterprise had posted a post about RichPointCapital on Facebook, a few weeks ago. The post talked about how the so-called London-based RichPointCapital celebrated a milestone in delivering innovative and user-friendly online financial services.”It went on to describe how the supposed company’s success is as a result of advanced tools, great customer support, and commitment to real-time market insights.
Without going into further details about what the Enterprise wrote, here’s what a discovered about the magazine:
- It had only 3 likes and 12 followers at the time of writing this article.
Here’s where it gets even more interesting:
I clicked the magazine’s URL, which redirected me from Facebook to the magazine. It looked professional and fully-fledged with tons of high-quality articles.
Thereafter, I ran the URL on Scamadviser, which showed that the domain was registered in advance about 2 years ago. What did not make sense to me here is how this magazine only had 12 followers and 3 likes on Facebook!
Is it really common for an online magazine that is more than 2 years old to not have enough followers,likes, and posts on Facebook?
I suspected that this magazine is associated with the scam broker directly. It could be that they bought the domain, registered it, and published the corresponding website, leaving it domant for some months. And it seems that they now want use the magazine as a marketing and promotion tool.
ii. Reddit
Notably, RichPointCapital does not have a LinkedIn presence. Do you know why? If not, read my honest review of AppleAiBot to find out why.
iii. LinkedIn
Like in the case of Facebook, RichPointCapital has no page on LinkedIn even though I found a blog post about it. This post was written by the Enterprise magazine, showing that these two entities are allies. Perhaps the magazine belongs to the broker, as well.
5. Scam Checker Websites
These are some reliable scam checker websites according to Semrush:
- Scamadviser.com
- Scam-detector.com
- Islegitsite.com
- Trustpilot.com
- Webparanoid.com
- Eveninsight.com
- Scamdoc.com
- Trustedrevie.ws.
I ran this domain on these websites, and the results were as shown in the table below:
| Scam Checker Website | Report Summary |
| Scamadviser.com | Website rating is low. Be careful |
| Scam-detector.com | I could not access it from my country due to geographical barriers. |
| Islegitsite.com | Potentially safe. |
| Trustpilot.com | Trust rating of 4.2 out of 5 stars. |
| Webparanoid.com | Little-known website. |
| Eveninsight.com | 60 out of 100 safety score. |
| Scamdoc.com | 3% trust index. |
| Trustedrevie.ws | 0 ratings and 0 reviews |
As you can see, Scamadviser and Scamdoc.com displayed extremely low trust ratings for RichPointCapital. Meanwhile, Trustedrevie did not display any ratings or reviews of this broker. On the contrary, Trustpilot and Islegitsite, displayed high ratings and positive reviews of them. As for scam-detector.com, this website did not allow access from my country, so I was not able to view its report summary of them.
Rich Point Capital Review: My Final Verdict
Though www.richpoint capital promises enticing financial benefits e.g deposit bonus and monthly dividends, the facts remain that Rich Point Capital is a scam. The broker has a bad reputation on many top scam checker websites and you should stay away from them.
Report a Scam Incident
Have you fallen victim to a scammer? If so, go to this page to report the incident and seek help. You may also send an email to scamread@scamreader.info.