RiveGarde review – 5 things you should know about rivegarde.com

Beware! RiveGarde is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

RiveGarde presents itself as the “ultimate trading platform” that can empower our trading journey. But if you trust this anonymous website you will end up scammed. In this review, we will show you the evidence that this is not a legitimate forex broker and direct you to more credible alternatives for investing in the financial markets.

RiveGarde Regulation and safety of funds

Legitimate forex brokers provide clear and detailed information about the legal entity that owns and operates them, where it is based, what licences it has and which regulators oversee its activities. Lack of such details or improper presentation of them are always a red flag that we are probably dealing with a scam.

RiveGarde does not disclose which company is behind the website. Nowhere is the name of a company mentioned, including in the text of the Terms and Conditions.

A contact address in Switzerland is given, but this is undoubtedly false. Such an anonymous website could not operate as a broker in one of the jurisdictions with the highest regulatory requirements.

There is no authorised broker in the Swiss Financial Market Supervisory Authority (FINMA) database using the trade name and domain of RiveGarde. Another European regulator, the French Autorité des marchés financiers (AMF), has blacklisted RiveGarde.

Under no circumstances should you trust your money to such anonymous websites full of false and contradictory information. Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK.

As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.

RiveGarde Trading software

RiveGarde promises advanced software solutions, but we have not been able to verify if any trading platform is available. The reason for this is that account registration requires a promo code. Financial scammers sometimes prefer to handpick their potential victims through social networks and online forums, which is why they do not allow free registration. Genuine brokers allow easy Demo account creation.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

RiveGarde Trading instruments

RiveGarde advertises trading in stocks, cryptocurrencies, forex, commodities and other asset classes.

But this website lacks legal authorisation and it is unclear whether it has the technological capacity to facilitate trading in financial instruments. With many established and licensed brokers, there is no good reason to trust such a fishy website.

RiveGarde Spreads and cost of trading

RiveGarde does not provide any information on spreads, commissions and other basic trading parameters. Genuine forex brokers provide detailed information about the trading conditions. Legitimate companies also offer different account types to suit clients with different experience, capital and investment intentions.

RiveGarde Maximum leverage

RiveGarde  offers leverage of up to 1:50, which is not allowed to genuine brokers licensed in Europe. High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

RiveGarde Deposit and withdrawal methods

Due to our inability to register an account, we were unable to ascertain what payment methods RiveGarde uses. Experience has shown that fraudsters direct their potential victims to cryptocurrency transactions that do not allow refunds to be requested.

RiveGarde Minimum deposit

RiveGarde specifies a minimum deposit of 250 USD, which is the industry standard. But this means that for the same amount you could open a trading account with an established and duly licensed forex broker. Some of the leading brands in the industry offer Micro and Cent accounts with a very low entry threshold that are suitable for novice investors.

RiveGarde Withdrawal requirements

RiveGarde does not specify extraordinary conditions for withdrawal. But these types of scams always surprise you with hidden fees and other tricks that prevent you from withdrawing your money back.