RiveGarde: Innovative Eyewear or Potential Scam?

Is RiveGarde Legit or a Scam?

No, RiveGarde is not a legitimate platform for trading. They have regulation and registration problems. Also, they have a warning from a reputable regulatory organization. We will show all the details in the further sections. Read further for more details about the RiveGarda scam broker review.

What is RiveGarde?

RiveGarde paints itself as a Swiss-based financial powerhouse, wielding the allure of exotic instruments like Forex, Stocks, Crypto, Commodities, and even NFTs. But scratch beneath the surface and the cracks begin to show.

Our effort to register with RiveGarde failed since we were unable to provide the promo code that the firm required.

As a result, we strongly encourage traders to avoid RiveGarde to save time and money. Alternatively, think about going with a respectable broker that provides the well-known and highly regarded MetaTrader platforms, which are renowned for their dependability and extensive functionality.

Although the company claims to offer exceptional spreads on Forex, we are skeptical because we are unable to independently check this claim on the company’s real trading platform.

RiveGarde Details

Deposits and Withdrawals

Customers can select from a variety of account kinds at RiveGarde, each with a different minimum deposit amount. With a $250 minimum deposit, the Standard account is marketed as the easiest to open. But their premium account requires a significant sum of $100,000. When you consider that the majority of reliable brokers normally ask for less than $200 to start an account, RiveGarde’s criteria are rather higher.

It’s important to note that withdrawal costs are not covered in detail on the RiveGarde website.

Account Types

There are six different account kinds available on RiveGarde, although none of them are very special. Standard names such as Starter, Bronze, Silver, Gold, Platinum, and Black are given to them. At just $250, the minimum deposit needed is likewise rather normal. In addition, traders have the option to deposit up to $10,000, giving them access to three different financial marketplaces and a variety of leverage. But, depending on the account, the leverage isn’t all that high—it ranges from 1:10 to 1:50.

Red Flags and Warning Signs

RiveGarde purports to be a trustworthy Swiss broker, but our extensive due diligence procedure has shown that it is not governed by the Swiss Financial Market Supervisory Authority (FINMA).

Moreover, we are even more concerned now that we know that RiveGarde’s dubious activities have attracted the attention of the French Autorité des Marchés Financiers (AMF). The AMF has categorically declared RiveGarde to be an illegal broker and given a clear warning.