90RICH is a platform claiming to offer trading in various financial products, including stocks, futures, and forex. However, issues with the platform's background information, regulatory status, and transparency make it a potential high-risk investment site. This article provides a comprehensive evaluation of 90RICH to help investors rationally analyze the risks and problems associated with the platform.
Company Background: Lack of Credible Information
The official website of 90RICH (https://90rich.com/app.html) shows that the domain was registered on August 9, 2024, indicating that this is a very recently established entity. The platform claims its registered address is in Gift City, Australia, but no company registration information has been found at this address. This ambiguity and falsehood in background information create unnecessary doubts and risks for investors. Additionally, 90RICH's website does not provide any detailed information about its management team or company operations, making it difficult for investors to verify the platform's legitimacy.
Regulatory Information: Lack of Regulatory Support
90RICH provides an AFS Representative Number: 001310951 on its website, but verification reveals that there is no legitimate registration or regulatory information associated with this number. Clearly, 90RICH is not authorized or overseen by any financial regulatory body.
In financial markets, the absence of legal regulation means that the safety of investors' funds cannot be guaranteed. Unregulated platforms often come with higher financial risks, and investors may find it difficult to seek compensation through legal means in the event of disputes or losses. The unregulated status of 90RICH further exacerbates the potential risks faced by investors.
90RICH Account Registration Process:
Investors can start trading by logging into the official website, filling out an application form, and submitting verification documents. However, the lack of regulation means users may face risks of identity misuse or illegal appropriation of funds when providing personal information and funds.
Investors should be particularly cautious when using such unregulated platforms, especially when submitting important identity information and deposits, considering the potential security threats.
Account Types: Not Disclosed, Information Insufficient
90RICH does not disclose specific account types or related trading conditions. Typically, legitimate platforms detail the trading conditions, fees, and services for different account types. However, 90RICH's concealment of this critical information increases the complexity and uncertainty of trading, making it difficult for investors to assess the advantages and potential costs of different accounts.
Trading Software: Self-Developed Platform, Security Concerns
90RICH claims to use a self-developed trading platform that supports multiple operating systems (including Android, iOS, Windows, and Web). Although this appears convenient, the platform does not provide detailed information or security performance evaluations about the software, posing risks of data leaks, technical failures, or fund loss during use. Without clear security assurances, investors should remain cautious about the platform's trading software.
Trading Products: Opaque Trading Conditions
90RICH claims to offer trading in stocks, futures, options, and forex. However, the platform does not provide detailed disclosures on key information such as spreads, leverage, commissions, etc. Without transparent information, investors find it difficult to fully assess their trading costs and potential risks.
In the absence of clear information, any trade may involve hidden high costs and unfair trading conditions, making it difficult to ensure the safety of investors' funds.
Deposit and Withdrawal Methods: Not Disclosed
It is concerning that 90RICH does not disclose any detailed information about deposit and withdrawal methods on its official website. Legitimate platforms typically list deposit and withdrawal methods, processing times, and related fees clearly to ensure the safe flow of user funds. However, the lack of such information on 90RICH's platform means users may face opaque fees and operational risks when depositing and withdrawing funds.
Customer Support: Limited Support Channels
The customer support channels provided by 90RICH only include an email address (support@90rich.com) and a phone number (1800 888 6699). Compared to the diversified customer service methods offered by legitimate financial platforms (such as online customer service, social media support, etc.), 90RICH's support methods appear very limited. It is questionable whether users can receive timely and effective assistance if problems arise.
Conclusion:
The platform background of 90RICH is opaque, unregulated, and lacks disclosure of account information and trading conditions, rendering the platform highly financially risky. For investors, trading on an unregulated and non-transparent platform may lead to unrecoverable financial losses. We recommend that investors avoid such unregulated platforms and prioritize those with legitimate regulatory qualifications and high transparency to ensure fund safety. Currently, 90RICH is marked as "Suspected Fraud" on TraderKnows.
