Score

1.54 /10
Danger

River FX

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.20

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

River FX · Company summary

Note: River FX's official website: https://www.river-fx.com/ is currently inaccessible normally.

River FX Review Summary
RegulationNo regulation
Market InstrumentsForex, indices, gold, oil
Demo Account
LeverageUp to 1:100
Spread0.2-0.3 pips for EURUSD
Min DepositNot mentioned
Trading PlatformMT4 platform
Customer Support

River FX Information

River FX is a broker who offers trading services in forex, indices, gold and oil. The good part is that the broker offers a demo account for practicing and the well-acclaimed MT4 trading platform for superior customer experience. But the lack of regulation, inaccessible website and all the problems these factors bring make the company an unreliabble and untrustworthy partner.

Is River FX Legit?

No license

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

Downsides of River FX

Unavailable website: River FX's website cannot be opened currently, preventing traders to get to know about its background.

Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them.

Lack of transparency: Limited transparency through Internet leaves traders in the dark about this company's trading conditions.

Market Instruments

There are several tradable assets offered by River FX- forex, indices and commodities.

Forex- provides opportunities for traders to profit from fluctuations in the values of different currency pairs. The major pairs are EURUSD, USDJPY, USDAUD etc.

Indices - financial derivatives that allow traders to speculate on the price movements of underlying assets while there is no need to own them. Profits are come from the difference between the opening and closing prices.

Commodities- raw materials like gold, oil and agricultural products. People can make money from the dynamic global supply and demands.

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds

Accounts

River FX offers a demo account and only one live account, with minimum deposit details not mentioned.

The demo account provides a simulated real trading environment for traders to test their strategies and get familiar with the platform.

Leverage is up to 1:100 and is suggested to be used cautiously to avoid huge losses from the amplified position.

From the testing in the demo account, the spread EURUSD is around 0.2-0.3 pips, with exchange rate at 1.2. Moreover, the broker charges a commission of EUR 10 per traded lot of 100 000 USD.

Brokers usually adjust trading conditions according to market dynamics. If you would like to get the most updated and accurate information about this part, check with the broker directly for clear clarification.

Trading Platform

River FX provides its clients with the advanced and widely-used MetaTrader 4 (MT4) platform that is suitable for both novice and experienced traders. It is known for its user-friendly interface and robust features and offers built-in charting tools and technical analysis capabilities. MT4 also supports automated trade execution through Expert Advisors (EAs), allowing users to implement trading strategies automatically.

Conclusion

In conclusion, River FX is not a recommended broker due to several reasons. Though as a financial service company, the broker offers trading services in forex, commodities and indices to its clients and provides the versatile MT4 trading platform, the inaccessible website for investors to learn about the details of their background and trading conditions. Furthermore, lack of regulation and complete absence of customer support channels position it as an unreliable and untrustworthy broker that should be kept away from with.

User Reviews

More

User comment

2

Comments

Write a review

maba3927
6-12months
Este es un SCAM, estafa, inverti para probar USD$100 y despues de 3 semanas me indican que para poder sacar la inversion debo invertir o pagar un mantenimiento de USD$1000, asi que si piensa "aprovechar" el 2% diario que "pagan" les motivo a NO hacerlo ya que luego no podran sacar su inversion.
Este es un SCAM, estafa, inverti para probar USD$100 y despues de 3 semanas me indican que para poder sacar la inversion debo invertir o pagar un mantenimiento de USD$1000, asi que si piensa "aprovechar" el 2% diario que "pagan" les motivo a NO hacerlo ya que luego no podran sacar su inversion.
Translate to English
2024-02-11 06:12
1
0
0