RG GROUP Review: ASIC Flags richgoldfx.com as Unlicensed

RG GROUP, which also presents itself as Rich Gold Markets at richgoldfx.com, markets itself as a low-barrier broker: MT4 and MT5, a $10 minimum deposit, leverage up to 1:1000, and access to forex, metals, energies, indices, stocks and cryptocurrencies. The picture changes once you look at recent user complaints and the regulator's own records. Traders describe a recurring pattern of accounts being locked or profit withdrawals blocked once trades turn profitable, while Australia's ASIC has listed the broker's website as “unlicensed”. This review walks through what can be confirmed before you consider depositing.

Contents

01

Complaint Pattern: Profits Reported Held Back

02

Regulatory Warning: ASIC Lists richgoldfx.com as Unlicensed

03

Basic Information

04

Score and Influence

05

Final Thoughts

Complaint Pattern: Profits Reported Held Back

The complaints follow a strikingly consistent thread, and most come from traders in Thailand and Vietnam. According to the users, the broker lets them trade normally while they are losing, but reacts once the account turns profitable.

A Thai trader reported trading for over a month and making roughly a 10% profit, only to have the account shut down and the profit refused; the user said only the capital was returned.

Screenshot submitted by the user with the complaint (2025-06)

The same sequence appears in a complaint about the broker's copy-trading system. According to the user, after nearly two months of following the system, the moment the portfolio became profitable, the broker accused the trader of breaking rules that had never been published and seized the profits, allowing only the capital to be withdrawn.

Screenshot submitted by the user with the complaint (2025-06)

The most recent complaint, from Vietnam, is more blunt. The user called the platform a “fraudulent platform” and reported that it arbitrarily locks customer accounts.

Screenshot submitted by the user with the complaint (2026-02)

Taken together, the recurring allegation is not about spreads or execution, but about profit withdrawals being denied and accounts being closed after gains. If accurate, that is a serious customer-protection signal.

Regulatory Warning: ASIC Lists richgoldfx.com as Unlicensed

The broker's own profile describes itself as ASIC-regulated and points to an Australian entity, RICH GOLD GROUP AU PTY LTD, as an Appointed Representative. That claim needs to be read against what ASIC itself has published.

ASIC's investor alert list, dated 11 April 2025, includes an entry for “Rich Gold Group (richgoldfx.com)” under the “Unlicensed” category, using the same Melbourne address and info@richgoldfx.com contact shown by the broker. The domain matches the broker's official website. This is a confirmed regulatory warning, not a rumour, and it directly conflicts with the “regulated” framing used in the broker's marketing.

For traders, the practical point is simple: an Appointed Representative arrangement is not the same as holding an Australian Financial Services licence in its own right, and ASIC has publicly flagged the website as unlicensed.

Basic Information

RG GROUP is associated with RICH GOLD MARKETS (Mauritius) LIMITED, and its profile states it was founded in 2024 and registered in Australia. It offers MT4 and MT5, a $10 minimum deposit, and leverage of up to 1:1000, with three account tiers: RAW ECN, STP and CENT.

WikiFX Dealer Page

Score and Influence

WikiFX currently shows a score of 1.63 for RG GROUP, at the low end of the scale. The score is consistent with the two things that stand out in the data: a confirmed ASIC “unlicensed” alert and a cluster of user complaints pointing in the same direction.

A Thai user also left a positive remark praising stable charts and helpful service staff. The negative reports, however, are not spread across typical trading complaints; they concentrate on profit withdrawal and account closure after gains, exactly the area where traders most need the platform to behave predictably.

Final Thoughts

The most important fact is not the low score on its own, but the combination of a confirmed ASIC alert and a consistent pattern of user complaints about profits being held back. Low deposits and high leverage mean little if withdrawals become difficult after a profitable trade.

Before opening an account, verify the current regulatory status yourself and test the platform with a small deposit, checking that a profit can actually be withdrawn. You can also check RG GROUP's live score and read the full complaints on the WikiFX App before committing any real money.