Insufficient Oversight in Critical Areas
Purporting to be a high-end financial services provider based in Switzerland, this online trading entity audaciously claims to be licensed when, in fact, the primary regulatory authority, FINMA, has not granted any such license to the company.
In our diligent pursuit of potential licensing information, we extensively searched various reputable databases including FCA, BaFin, CySEC, NFA, and others. Regrettably, our thorough investigation yielded only a public alert issued by the French AMF, casting doubt on the legitimacy of this entity.
Proven Scam Tactics
Many fraudulent platforms, including RiveGarde and Audemars Group, employ boiler room agents to lure unsuspecting victims. These persistent agents relentlessly harass individuals until they succumb to making a deposit, only to see their investments devoured by cybercriminals.
Despite the grim outcome, there is hope for recovering stolen funds. Victims are urged to contact our legal team for assistance. To facilitate their illicit gains, these scammers resort to extortion tactics, exploiting the vague nature of tools like AnyDesk and ScreenLeap to gain remote access, lock down data, and pilfer sensitive information such as credit card details.
Targeting Developed Nations
The domain rivegarde.com emerged in July 2023, with WhoIs revealing a one-year lease. Victims are predominantly from developed nations, including France, Japan, Netherlands, Israel, and Belgium. Swift action is advised, initiating the chargeback process with our legal experts to preempt further victimization.
Misuse of a Premium Platform
While RiveGarde touts the user-friendly MT5 platform, the reality is that only the demo version is available for download, raising doubts about the legitimacy of their operations. Without a proprietary trading server, caution is advised against downloading from suspicious sites to avoid potential malware.
Market Availability and Account Offerings
Verification of the company’s own trading platform is impossible, hindering confirmation of the listed markets. Account registration presents a hurdle, requiring a promo code for entry. Package offerings come with inflated features, and the absence of a license raises skepticism, prompting potential investors to explore alternatives.
Account Packages and Pricing
RiveGarde presents various account packages, each with escalating costs:
- Starter – $250
- Bronze – $10,000
- Silver – $25,000
- Gold – $50,000
- Platinum – $100,000
- Black – Invitation Only
Opaque Fee Structure
The scam employs selective disclosure, revealing limited information on pricing and leverage. The absence of concrete details, such as commissions and withdrawal fees, raises suspicions. Legal documents lack transparency, mentioning financial obligations without specifying amounts. Caution is advised, and potential investors are encouraged to seek more transparent alternatives.
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