Riva Financial Systems
Riva Financial Systems – is a financial institution specializing in providing services of a forex broker licensed by AFS. The website displays a certificate issued in 2007. The company indicates registration and licensing in several countries, including Australia, with offices in Luxembourg and official registration in the British Isles. There are inaccuracies in some provided documents, such as dates, company names, and places of issuance.
Riva Financial Systems offers its clients access to forex trading, cryptocurrency exchanges, CFD trading, and the opportunity to invest in stocks, commodities, metals, and indices. For the convenience of clients, online chat, email, and telephone support functions are provided.
Trading Conditions
- Standard. Minimum deposit ranges from 200 to 1000 dollars, leverage 1:200, spread – from 2.2 points, fixed commission – 0.5 dollars.
- Gold. Initial capital from 1 to 5 thousand dollars. Conditions are similar, additionally offering cashback – 1 dollar for every 15 lots (1 month).
- Platinum. Deposit from 5000 to 25000 dollars, conditions are the same, additionally cashback – 1 dollar for every 5 lots (1 month).
- VIP. Minimum deposit from 50 thousand dollars, conditions are similar, cashback – 1 dollar for every lot (1 month).
Additional services and information are not provided on the website. Clients are offered standard bonuses. The company ensures the security of client data and accounts, as well as provides access to professional trader consultations. Riva Financial Systems discloses cooperation with clients from 84 countries worldwide.
Deposit and Withdrawal of Funds
The company offers a wide range of payment systems, including Visa, MasterCard, Bitcoin, Neteller, WebMoney, Qiwi, Sofort, and Skrill. Fast withdrawal and minimal commissions are promised for all possible options. An application is required for fund withdrawal.
Currencies available for payment transactions: EUR, USD, RUB, PLN. The minimum deposit is 250 dollars, and withdrawal limits are not specified. Detailed information on the deposit and interest accrual process is not provided.
In Conclusion
Riva Financial Systems presents some documents that raise certain doubts. Basic trading tools, four account trading options are provided, but a detailed description of services and features is missing on the website. Consultation with an independent expert is recommended before making a deposit.
My experience with Riva Financial Systems has been incredibly disappointing and frustrating. The company lacks transparency, which made me uncomfortable trusting them with my investments. Their customer service has been subpar at best, with long wait times and uninformed representatives who seemed incapable of resolving my issues. Furthermore, their fees are exorbitantly high and unjustifiable when compared to the average market rate. I also experienced significant technical issues with their online platform which disrupted my trading. Based on my experience, I wouldn’t recommend Riva Financial Systems to anyone.