RIVOBANC

RIVOBANC Information

RIVOBANC, registered in Switzerland, is an unliscensed brokerage company. This firm boasts of its wide selection of investment options and its competitive trading fees. RIVOBANC also provides its proprietary mobile app with functionality similar to MT5. But its platform lacks desktop version and there is no information about account types on the website.

Pros and Cons

Is RIVOBANC Legit？

RIVOBANC currently does not hold any valid regulatory certificates. Although it is incorporated in Switzerland, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

What Can I Trade on RIVOBANC？

RIVOBANC is designed for self-directed investors who know what they want in a portfolio. A diversified portfolio can help manage risk. When the stocks in your portfolio aren't doing so well, for example, your cryptocurrencies might help give your portfolio a boost. When you create a brokerage account here, you can invest in 5 asset classes, including forex, stocks, indices, commodities, and cryptocurrencies.

If you're looking for ETFs or mutual funds, you'll have to look at a different brokerage. But overall, you still have a good mix of investment options.

Trading Fees

Investment fees can dip into your returns, so keeping costs low might be a priority. Like some brokerages, RIVOBANC offers fee-free stock trades. You can enjoy access to over 100 CFD stocks, all with zero commission.

The minimum deposit is $250, which is not high, still a disadvantage comparing some brokerages with no minimum deposit requirement.

Free deposit and withdrawal fees could be an advantage for RIVOBANC. And they also offer leverage option, which is up to 1:500.

Trading Platform

RIVOBANC provides its clients with it proprietary platform--RIVOBANC Mobile App. This app offers functionality similar to the MT5 mobile app. It is available for download on IOS and Android devices. However, it seems there is no desktop version available. So if you're an investor accustomed to using a computer instead of a smartphone, this platform may not be what you're looking for.

Customer Support Options

For any question you might have, help is available by phone(+1 343 453 0726) or email (support@Rivobanc.com).

The Bottom Line

Whether you're new to investing or a seasoned market player, you are available to trade with RIVOBANC's mobile app. Commission-free trading on stocks could be another advantage. However, the regulatory hurdle and the lack of transparency about account types are the biggest drawbacks. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.

FAQs

Is RIVOBANC safe？

RIVOBANC is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

Is RIVOBANC good for beginners？

RIVOBANC provides a user-friendly platform for beginning investors. However, the regulatory hurdle can be a huge barrier for investors.

Does RIVOBANC offer leveraged trading？Yes, RIVOBANC provides leverage trading, which is up to 1:500.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.