Richardson Lewis Review 2022 – Is Richardson Lewis Scam or a Good Broker?

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If you have been searching for an online broker to trade in the financial markets, the name of RICHARDSON LEWIS has probably ended up on your list. It is not surprising, given that this forex and CFD brokerage enjoys a solid reputation in the market. But, not doing your research in this digital world would be a mistake. Going through an RICHARDSON LEWIS review is a must for anyone who makes an informed decision. Of course, there are people who may decide not to do so. Lots of people do choose a broker without doing their homework, but if you ask them about their experience, most of them end up regretting their decision.


This is because no two traders are the same; your risk tolerances, preferences, expectations and priorities will be different from others. Hence, just because a broker is suitable for one trader is no guarantee that it will be the correct choice for you as well. If you don’t want to face disappointment, waste your time, miss opportunities and have to go through the hassle of starting from scratch, it is best for you to do your research in the first go. The sheer number of online brokers can be confusing, but there is a method to the madness.

Every brokerage may promise you similar services, but doesn’t necessarily deliver and this is what you have to find out? How can this be done? The easiest way to go about it is by asking the right questions and then using the answers to make your decision. This can actually be a good move in the long run and ensures that you have the right partner to facilitate you. Isn’t that what you are after? The same strategy is applicable in the case of RICHARDSON LEWIS. You have to dig deep and find out everything, which means asking the questions outlined in this review:

Trading Accounts Different account options; Fixed spread accounts, Floating spread accounts and Islamic accounts
Minimum Deposit 5,000 EUR
Assets Coverage Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities
Trading Tools Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Trading Tips, Financial News and Risk Management Tools
Education and Training Yes; e-books, online video courses, webinars, seminars, tutorials, latest market news, guides and in-depth research
Customer Support 24/5 support via email address, phone number, live chat and online contact form. An FAQ section is also available.
Security Policy KYC (Know Your Customer) and AML (Anti-Money Laundering)

What security features can you find?

While being a member of a compensation scheme is undoubtedly reassuring, this is not all the security a trader is looking for. Online trading doesn’t just bring with it the risks inherent in trading itself; there are cybersecurity concerns that also need to be addressed. The internet is rampant with cybercriminals who are ready to use the slightest opportunity to steal someone’s money, or their confidential data that can be misused. You wouldn’t want to be a victim of any of these crimes, but signing up with a brokerage can leave you exposed.


Therefore, you have to ensure that the platform you decide to sign up with can mitigate these risks as much as possible. You will come to know that RICHARDSON LEWIS provides you with a secure trading environment and has taken appropriate measures to give its clients peace of mind. They offer negative balance protection, so your trades don’t go beyond your account balance. Moreover, they have chosen to keep all customer accounts segregated, which means they are kept separate from the company’s own funds. The funds are deposited with the most reputable banks to prevent theft and misappropriation.

As far as the safety of your confidential and personal information is concerned, SSL (Secure Socket Layer) technology and digital encryption has been used by RICHARDSON LEWIS to keep it away from prying eyes. They protect your trading account with the use of two-factor authentication, so no unauthorized individual can access it. Along with these measures, you will find that the platform is also compliant with the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) security policies.

These are international security policies that are widely used for preventing the creation of fake profiles and accounts with a broker. They are used by RICHARDSON LEWIS for reducing the possibility of financial fraud, identity theft and money laundering. Traders are required to provide documents for proof of identity (ID card, driver’s license or passport) and proof of residence (bank statement, utility bill like gas, electricity or water, or a credit card bill).

What trading platform is provided?

After you have determined the security of the brokerage, it is recommended that you take a look at their trading platform as well. This is the feature traders engage with the most because it opens the door of the financial markets, helps in opening and closing trading positions and provides the tools needed for trading. The kind of trading platform you will be provided is at the discretion of the broker and it affects your trading performance as well as experience. Bearing this in mind, the market’s leading platform has been incorporated by RICHARDSON LEWIS for its clients and this is the MetaTrader4.

The MT4 is a well-reputed trading platform that currently exists in the market and its simple yet powerful technological features have made it the choice of every trader in the market. The best thing about the MT4 is that it has been designed to cater to the needs of every trader, whether a beginner or a skilled one. The user-friendly and intuitive interface ensures that they can navigate the platform without needing to worry about a learning curve.

The platform uses cutting-edge technology to help traders benefit from one-click trading and lightning-fast trade execution. An important thing to know is that RICHARDSON LEWIS provides its clients access to various versions of the MT4. You can download the desktop version on your PC, go with the WebTrader if you prefer not to download anything, or you can take advantage of the MT4 mobile apps. The latter can be handy for trading on the go and help you tap into opportunities from anywhere. The trading tools and features of each platform are some of the most advanced ones you will find in the market.

Richardson Lewis Trading

There are different chart types and graphs that can be used and RICHARDSON LEWIS has also added an economic calendar to help you track important market events. There are trading signals provided, along with market news to help you stay updated. Custom indicators can also be found and different order types and other risk management tools are also at your disposal.

What assets can you find?

Another vital question that every trader needs to ask about a brokerage is regarding their assets. This refers to the instruments traded in the financial markets, which are responsible for the profits traders earn. You have heard success stories where people made fortunes via trading and there are also people who fail drastically. One of the reasons is that they don’t choose the right assets to trade. You have to have access to the best choices and RICHARDSON LEWIS has ensured that its clients will find exactly that on its platform.

You will be able to find more than 250 trading instruments available to you at RICHARDSON LEWIS and these are some of the top options from some of the most renowned and profitable financial markets in the world. The availability of these options ensure that you can find an instrument in accordance with your risk tolerance and your profit expectation. Furthermore, it is also possible to diversify your trading portfolio, which can be great for keeping your risks at a minimum and giving your profits a boost. What markets can you trade in? Take a look:


If there is one market that has always been known in the trading world, it is the stock market. You can trade stocks of some of the biggest companies in the world, such as Apple, Coca Cola, Exxon Mobil, JPMorgan, Pfizer, Facebook, IBM and Volkswagen.


The indices market is another avenue that RICHARDSON LEWIS has explored to provide lucrative opportunities to its clients. You will be able to choose from some of the most renowned indices like DAX 30, NASDAQ 100, FTSE 100 and CAC 40.


With a daily trading volume of more than $5 trillion, it is the world’s largest financial market. You will have more than 60 currency pairs to choose from at RICHARDSON LEWIS and these include major, minor and exotic options. EUR/USD, GBP/USD, USD/JPY, USD/CHF and EUR/GBP are only a few of these.


If you don’t want to invest in traditional fiat currencies, digital currencies have also been added by RICHARDSON LEWIS due to their high demand. Some of the top ones, such as Bitcoin, Litecoin, Ethereum and Bitcoin Cash are available.


For consistent returns, RICHARDSON LEWIS has chosen to provide commodities to its clients. Precious metals are hard commodities, such as gold, silver and platinum. Agricultural products like wheat, sugar and coffee are soft commodities, while natural gas and oil are categorized as energy commodities.

Richardson Lewis Mobile

What kind of customer support is given?

Support is another aspect that affects your trading experience, so it is not to be taken lightly. The level and quality of customer support can vary from broker to broker, so you need to be diligent. The various channels at your disposal for contacting the RICHARDSON LEWIS customer support team is definitely a perk. It ensures that you don’t have to wait for days to get a response and they do care about the satisfaction of their clients. You can send in an email, give them a call, or fill out the contact form for a callback at your given time.

These options can be found in the Contact Us section of the RICHARDSON LEWIS website. You can also use the live chat option available on their website. Along with these, an FAQ section can also be found, where answers to common questions are provided. There are also a great deal of educational resources that have been added by RICHARDSON LEWIS for assisting its clients in enhancing and polishing their knowledge and skills to trade proficiently in the financial markets.

Final Thoughts

You will also find RICHARDSON LEWIS to be transparent about its trading conditions. They also offer great leverage and various account options to choose from. Their registration process is easy and the payment solutions are convenient and diverse, leading to a smooth trading experience for every trader looking to profit from the financial markets. 

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