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Rivobanc.com is a forex and CFD broker that claims to offer a wide range of trading instruments, competitive spreads, and fast execution. But are they legit or a scam? In this blog post, we will review their website, trading conditions, regulation, and customer service to help you decide if you should trade with them or not.
First of all, let’s look at their website. The design is sleek and modern, with a lot of information about their products and services. They have a section for education, where they provide articles, videos, webinars, and ebooks on various trading topics. They also have a section for market analysis, where they post daily news, signals, and charts. They claim to have over 250 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies. They also claim to have four types of accounts: Basic, Silver, Gold, and Platinum, with different features and benefits.
However, there are some red flags that we noticed on their website. First of all, they do not provide any details about their trading platform. They only mention that they use MetaTrader 4 (MT4), but they do not show any screenshots or links to download it. They also do not provide any information about their spreads, commissions, leverage, or margin requirements. They only say that they offer competitive spreads and high leverage, but they do not give any specific numbers or examples. This is very suspicious and unprofessional, as these are essential factors for any trader to consider before opening an account.
Secondly, they do not have any regulation or license from any reputable authority. They only state that they are registered in St. Vincent and the Grenadines (SVG), which is a notorious offshore jurisdiction that does not regulate or supervise forex brokers. This means that they are not bound by any rules or standards of conduct, and they can operate as they please without any oversight or protection for their clients. This also means that they are not part of any compensation scheme or dispute resolution mechanism in case of any issues or complaints.
Thirdly, they have a lot of negative reviews and feedback from their customers online. Many traders have reported that they have been scammed by Rivobanc.com and that they have lost their money or had trouble withdrawing it. Some of the common complaints include:
- Fake bonuses and promotions that come with hidden terms and conditions
- Manipulation of prices and execution to cause losses or prevent profits
- Rejection or delay of withdrawal requests without any valid reason
- Aggressive and rude customer service agents who pressure clients to deposit more money or refuse to help them
- Closure or deletion of accounts without any notice or explanation
These are serious allegations that indicate that Rivobanc.com is not a trustworthy or reliable broker. They seem to be a typical scam broker that uses deceptive and fraudulent tactics to lure unsuspecting traders and then rip them off.
Therefore, we advise you to avoid Rivobanc.com at all costs and do not trade with them. They are not legit or regulated, and they have a lot of negative reviews and complaints from their customers. There are many other reputable and licensed brokers that you can choose from instead. You should always do your own research and check the background and reputation of any broker before opening an account with them.
What to Do If You’ve Lost Money with Rivobanc.com?
If you have been scammed by Rivobanc.com or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.