Logo
River
Suspected Fraud
Suspected Fraud

River

🇦🇺
  • Forex
  • Brokerage
Within 1 year
Website

Current Rating

0.58

Industry Tier

E

Profile

RIVER is a forex broker that was registered and established in 2024, with its headquarters located in Australia. RIVER primarily offers investors trading services in financial products such as forex, indices, precious metals, energy, and cryptocurrencies. Due to policy reasons, services are not provided to North Korea, Israel, China, Vanuatu, and Cuba.

Corporate Background:

RIVER is a broker registered in Australia, with a specific address listed as 96 WADSWORTH BLVD NUM 127-3255 LAKEWOOD, CO 80226 U.S.A. However, details regarding its specific corporate entity and registered address within Australia are currently unclear. The official website domain of RIVER was registered on January 8, 2024. As of the publication date, it has been less than two months since its establishment.

RIVER claims on its official website to be regulated by the Australian Securities and Investments Commission (ASIC), holding an ASIC regulatory license 488828. However, according to ASIC's inquiries, the entity holding this regulatory license is STAR FUNDS MANAGEMENT PTY LTD, and RIVER itself does not appear in ASIC's regulatory records. Therefore, this broker is currently not under the regulation of any regulatory body.

As a newly established broker, RIVER is still in the early stages of development, and its specific operational conditions and business practices await further observation and assessment by the market. However, as it is not regulated by any regulatory body, investors should be particularly cautious of potential risks when conducting business with the company.

RIVER's Regulatory Information

RIVER's ASIC Regulatory Inquiry

RIVER's Domain Registration Time

Website Design:

RIVER's website design highly resembles those of Star Funds Management Pty Ltd, FluxSail, BCC Markets Limited, SV Markets, ABHKFX, DEOASIS PTY LIMITED, and several other websites. These brokers are suspected of using the same or similar website templates. Therefore, investors still need to conduct thorough due diligence and research when choosing a trading platform to ensure it meets their needs and expectations while being aware of potential risks.

Partners:

It is claimed that RIVER collaborates with Goldman Sachs, a globally renowned analysis institution. The broker claims to offer award-winning automated investment analysis and research tools designed to help investors make the best decisions. However, this claim has not been verified by relevant institutions and may involve false advertising.

RIVER's Partners

How to Open an Account?

To open an account with RIVER, users can visit its official website and click the "Register" button to begin the registration process. The registration page requires users to fill in personal information, including their name and email address, and set a password for the account. The broker sends a verification code via email, and once submitted, users can log in. After logging into the trading platform, clients can make deposits and withdrawals and start trading.

Opening an Account with RIVER

RIVER's Account Registration

Account Types:

RIVER's official website does not mention specific information related to trading accounts. According to common questions on its website, the broker claims to offer floating spreads, trading leverage from 1:100 to 1:500, and does not explicitly publish detailed information regarding minimum deposit requirements, trading commissions, margin calls, stop-out levels, or minimum trade volumes.

DEOASIS LIMITED

Trading Software:

RIVER provides a proprietary mobile trading platform named ST5, which is only available for mobile download. The platform supports both real and demo accounts, allowing users to choose between virtual or actual trading according to their needs. There is no backing corporation behind the ST5 trading platform, which may introduce certain trading risks.

RIVER's Trading Software

Customer Support:

RIVER's customer support channels are relatively limited, with users able to access its service via email. Users can contact the company's customer service team by sending an email to support@rivergloballtd.com. In the email, users can ask questions, inquire about related matters, or report any technical issues.

Conclusion:

RIVER is a newly established Australian forex broker with a short period since its establishment. It utilizes a proprietary trading platform and has limited communication methods. RIVER's official website and those of ABHKFX, DEOASIS LIMITED, VLC Trade LLC, OBV Trade MT5, and other brokers share a high resemblance in web design, likely using the same template. Investors should steer clear of this platform to avoid unnecessary financial losses.

Currently, RIVER is marked as "suspected of fraud" on Traderknows.

User Reviews

0.58

Rated by 0 people

All Rating

Anonymous User

0.5

19 hours ago

I am a victim. A deposit is requested when withdrawing a large amount, and a deposit is requested due to suspicions of money laundering by authorities related to fund withdrawal.

FAQ About River

01

What is River's official website?

A: River's official website is https://rivergloballtd.com/en/index

02

Is River a legitimate company, or is it a scam?

A: River is currently marked as Suspected Fraud on TraderKnows.

03

What is River?

A: River is a Forex, Brokerage company.

Social Media

Profile

Country
Australia
Market Categories
Forex
Organization Categories
Logo

Contact Us

Social Media

footer1