Richards and Company Future Commission Merchant (RCFCM) has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1 (646) 789 4468, fax +1 (646) 224 8543, +852 5808 0954, fax +852 3015 6810, +65 6491 5793
Addresses: 355 Greenwich Street New York NY USA; Hong Kong Branch: 27/F 53-55 Lockhart Road Wanchai Hong Kong; Singapore Branch: 31A Telok Ayer Street 44F Raffles Place Singapore This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.richardsandcompany.net.
What really bothers me about Richards and Company Future Commission Merchant (RCFCM) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through my accountant's suggestion and I fell for the polished exterior. Never again.
Pros: Stable platform|Helpful community forum|Excellent charting|Personal attention
Cons: Nothing significant
My withdrawal request from Richards and Company Future Commission Merchant (RCFCM) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Great customer service|Helpful community forum|Social trading features
Cons: Charting tools need more indicators|Limited ETF selection
The mobile app from Richards and Company Future Commission Merchant (RCFCM) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Automated trading options|Social trading features
Cons: Wish they had more educational resources|Help articles are sometimes vague
Do not believe the bonus offer from Richards and Company Future Commission Merchant (RCFCM). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after hearing about them at a conference and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Economic calendar|Competitive fees|Automated trading options
Cons: Nothing significant
I had high hopes for Richards and Company Future Commission Merchant (RCFCM) from a blog post comparing services, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Smooth onboarding|Easy withdrawals|Professional team|Multiple order types
Cons: No fractional shares|Inactivity fee applies after 12 months
Do not use Richards and Company Future Commission Merchant (RCFCM) for anything serious. I used them for just over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Regular platform improvements|Stable platform|Good analytical tools|Copy trading available
Cons: Spreads widen during volatile periods|Cannot customize dashboard fully
The so-called education at Richards and Company Future Commission Merchant (RCFCM) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about ten months thinking they would help me learn.
Pros: Tax reports included|Fast deposits|Multi-device support|High security standards
Cons: Mobile app could be improved|Wish they had more educational resources
I am in a dispute with Richards and Company Future Commission Merchant (RCFCM) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Good analytical tools|Wide product range|Customizable dashboard|Fast support response
Cons: Live chat only during business hours|Wait times can be long during peak hours
Richards and Company Future Commission Merchant (RCFCM) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Wide product range|Reliable uptime|Demo account available
Cons: Spreads widen during volatile periods|Would like more payment methods
Do not be fooled by the professional-looking website. Behind the scenes, Richards and Company Future Commission Merchant (RCFCM) is disorganized and incompetent. I found them after comparing multiple platforms and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Stable platform|Personal attention
Cons: No phone support on weekends|No integrated tax optimization