Rivobanc Review – Why rivobanc.com Is A Big Liar?
Broker status | Unregulated Scam Broker |
Regulated by | Unlicensed Forex Provider / No Regulation |
Scammers Websites | rivobanc.com |
Blacklisted as a Scam by | FCA, FINMA, CNMV |
Owned by | No Info |
Headquarters Country | Switzerland (allegedly) |
Foundation year | 2022 |
Supported Platforms | MT5 (allegedly) |
Minimum Deposit | 250 EUR |
Cryptocurrencies | Forex / Indices / Commodities / Crypto/ Stocks |
Types of Assets | Available – BTC, ETH, XPR… |
Maximum Leverage | 1:500 |
Free Demo Account | No |
Is Rivobanc a Scam Broker?
Rivobanc is a fraud. The bogus website does not mention the brokerage company or the trading license. We did discover a Swiss address. This was the first information we needed about the Rivobanc regulation.
The Swiss regulator FINMA had in its database a Rivobanc entity, but it was on its blacklist. That’s all she wrote.
Please avoid this anonymous trading scam. Instead, look for a broker that is regulated by FINMA, ASIC or BaFin.
Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.
Brokers operating under the jurisdiction of the European Securities and Markets Authority (ESMA) are a safe bet.
Rivobanc, an anonymous fraud broker, claims to be based in Switzerland. This entity was blacklisted by the FCA and CNMV as well as FINMA. Rivobanc’s victims include traders from the UK and Canada, Spain, Canada, and Ireland.
Rivobanc was lying about Switzerland, as we stated. The broker had all this neatly arranged on their website to enhance Rivobanc’s reputation, we saw right through that.
Rivobanc Warnings
Let’s now take a look at all the warnings against Rivobanc. We found three warnings against the non-Swiss fraudster.
The Swiss FINMA, UK’s FCA, and Spanish CNMV put Rivobanc on their blacklists. These warnings will clear up any confusion.
Rivobanc Trading Assets
Rivobanc claims to offer FX trading, CFDs on popular instruments and crypto asset trading:
- Forex pairs: EUR/USD, GBP/EUR, JPY/AUD…
- Indices: S&P500, FTSE100, IBEX35…
- Commodities: gold, coffee, crude oil…
- Stocks: Google, Ford, Visa…
- Crypto: BTC, ETH, LTC…
Rivobanc Trading Account Types
Rivobanc offers these types of accounts:
- Basic: 250 EUR, leverage up to 1:10;
- Silver: 5,000 EUR, leverage up to 1:25;
- Gold: 15,000 EUR, leverage up to 1:25;
- Platinum: 100,000 EUR, leverage up to 1:50;
- VIP: 250,000 EUR, leverage up to 1:50.
Despite listing these leverage caps, some of which, by the way, are in order with the limits of ESMA (1:30) and the US and Canada (1:50), Rivobanc claims to offer 1:500 elsewhere on the website.
Rivobanc offers bonuses for all account types, except the Basic account. This is another indication that Rivobanc does not operate as a Swiss broker, since bonuses in Europe are prohibited.
Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – AION Trader, UNFXB, InvestCore.
Chargeback Is Your Solution!
A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods.
By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some of all of their funds lost.
However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.
Request a free consultation today by clicking the button below!
Rivobanc: Video
You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Rivobanc. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Rivobanc!
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FAQ
- Is Rivobanc a Legitimate Broker?
Rivobanc isn't legitimate and regulated. Also has been blacklisted three times by financial watchdogs. Avoid investing here!
- Can I Try a Demo Account?
No. Rivobanc doesn’t offer a free demo account.
- What is the Minimum Deposit at Rivobanc?
250 EUR
- Rivobanc Maximum Leverage
Despite the description of the accounts, Rivobanc claims to offer 1:500.
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