About Ridge Corporation
Ridge Corporation LLC is an online forex broker offering a series of financial instruments to its clients. Although this broker claimed to be regulated in the US, the main market of this broker is Japan.
Is it legit？
Ridge Corporation was regulated by NFA. However, this broker exceeds the business scope regulated by United States NFA(license number: 0554216)As far as we know, Ridge Corporation is not regulated by any regulatory institution now. It is an unregulated broker and we dont think it is reliable. Besides, this broker is very young. The risk of investing in this broker is pretty high.
How Does Ridge Corporation Scam Clients?
The victims in these cases are all from Japan. We advise investors from Japan to be aware of this broker and understand the potential risk.
Case 1:
This victim claimed that he/she applied for withdrawal, but this broker didnt respond to him. Two weeks passed, and he/she still did not get the money back.
Case 2:
This victim claim that he/she lost 12,000 yen because of this broker.
Case 3:
This broker promises to help the victim unfreeze the frozen account as long as the victim puts in the deposit. However, after the victim pays the deposit, all the funds in the account of the victim cannot be withdrawn. More seriously, Ridge Corporation no longer responds to the victim.
Conclusion
When choosing a forex broker, sign up with a regulated entity holding regulations from authorities like NFA, FCA, or ASIC to ensure the safety of your funds and personal information as large as possible.