RIVER PRIME is a forex broker established in 2015 in Saint Vincent and the Grenadines, primarily providing investors with trading services in forex, metals, commodities, indices, stocks, and CFDs. The company's official website supports only English and Arabic as languages of use. The company has disclosed its registration information, and upon verification, it is indeed registered in Saint Vincent. However, it's important to note that forex trading is not regulated in Saint Vincent.
Registration and Regulatory Information:
The RIVER PRIME official website claims that the company is registered in Saint Vincent and the Grenadines. A search on the relevant Saint Vincent website confirms the registration information is accurate; the company was indeed registered on October 29, 2015, in Saint Vincent. However, it is important to note that Saint Vincent does not support forex trading services or offer corresponding regulation, so registration information alone does not guarantee fund security.
A search on the Whois website reveals that the official website was registered on September 8, 2016, and was transferred to the current company after being registered by another website.
Account Types and Registration:
RIVER PRIME offers three different types of accounts for users to choose from: Pro, Prime, and Premium, each with different parameters and some differences in features, such as spreads, minimum deposit, commission, etc.
There are also commonalities among the three account types, including a maximum leverage of 1:400, the use of the MT5 platform, and a minimum order of 0.01, among others.
Leverage Ratio:
RIVER PRIME does not disclose specific cryptocurrency leverage ratios on its website; it only mentions in the account introduction that the maximum leverage for the three accounts is 1:400, but details on how to use it, any conditions, etc., have not been disclosed.
Trading Products:
According to information on the RIVER PRIME official website, the company offers investors trading in forex, metals, commodities, indices, stocks, and CFDs, among other products, providing a diverse range of trading formats from which investors can choose their preferred type of commodity.
It's important to note that not every product type comes with detailed introductions and real-time data; only forex, commodities, and indices offer extra services.
Deposits and Withdrawals:
RIVER PRIME does not disclose information about deposit and withdrawal channels on its official website.
Trading Software:
RIVER PRIME uses MT5 as its trading software, providing download access for PC, Android, and iOS platforms.
MT5 is a commonly used trading software, full-featured and convenient to use. Many sites customise their version of MT5 rather than using the genuine MT5 software.
Customer Support:
The RIVER PRIME official website provides a variety of contact methods, including phone, email, and office addresses in several countries, offering a rich array of contact options to conveniently serve a broader range of users.
Summary:
As a forex broker, RIVER PRIME offers a wide variety of commodities for trading, but specific data for many products has not been disclosed. The exchange's registration information is valid, and the registration information and license number can be found on relevant websites in Saint Vincent and the Grenadines. However, the broker lacks important information in several key areas, such as corporate background and deposit/withdrawal information, and Saint Vincent does not regulate forex activities. For investors interested in trading with RIVER PRIME, conducting thorough research and risk assessment is crucial.
Currently, RIVER PRIME is flagged as "suspected of fraud" on Traderknows.
