Riverquode

Based on the latest data, Riverquode holds a low overall score of 1.51/10, with regulatory status listed as 'Unverified' and a short operating history of 1–2 years. While the broker discloses multiple license applications (CySEC and FSCA), none are currently verified. This indicates a higher risk profile, and safety cannot be assured. Traders should exercise caution and conduct their own due diligence.

Riverquode claims regulation under the Cyprus Securities and Exchange Commission (CySEC, License No. 309/16) and the South African Financial Sector Conduct Authority (FSCA, License No. 52830). However, both licenses are currently marked as 'Unverified' in the latest data. Therefore, its regulatory status is not confirmed.

According to the broker’s account details, the minimum deposit for all account types (VIP, Platinum, Gold, Silver, Classic) is listed as 0.01. The currency unit is not explicitly specified in the data.

The latest broker data does not disclose support for MetaTrader 4 or MetaTrader 5 platforms. No additional trading software information is currently publicly specified.

Pros: Multiple account types (VIP, Platinum, Gold, Silver, Classic) with low minimum deposit (0.01), support for scalping and Expert Advisors (EA), high leverage up to 1:400 on forex, and relatively tight spreads (e.g., EUR/USD from 0.9 pips on VIP). Cons: Regulatory status is unverified, overall score is low (1.51/10), the broker has been operating for only 1–2 years, and the risk control index is low (1.21).

Based on the latest data, no user complaints or negative posts are currently reported. The broker’s complaint record is not publicly available in the provided information.

The broker is registered in South Africa and does not explicitly indicate availability for U.S. residents. Given its unverified regulatory status and lack of U.S. licensing, it is not confirmed as available in the United States.

Riverquode offers a low minimum deposit (0.01) and multiple account types, which can be beginner-friendly. However, its unverified regulation, short operating history, and high leverage options (up to 1:400) introduce significant risk. Beginners should carefully consider these factors and seek adequate education before trading.

Riverquode offers five account types: VIP, Platinum, Gold, Silver, and Classic. Differences are primarily in spreads (VIP has the tightest spreads, e.g., EUR/USD 0.9 pips, while Silver and Classic have 2.5 pips) and slight variations in leverage wording. All accounts have a minimum deposit of 0.01, support scalping and EA, and allow hedging. The maximum leverage for forex is 1:400 across most accounts, with metals and indices at 1:200.

Riverquode offers leverage up to 1:400 for forex, 1:200 for metals (silver, gold) and indices, 1:200 for commodities, and 1:5 for stocks and cryptocurrencies. Such high leverage magnifies both potential gains and losses, which significantly increases risk. Combined with unverified regulation and low risk control scores, traders should be cautious.

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Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.