Welcome to our Rivobanc Review, in which we investigate the website currently found at rivobanc.com.
Yesterday, on February 19, 2023 we received the following complaint:
I have a trading account with Rivobanc, located in Switzerland. You can check their homepage for more information. I have invested almost 70,000 euros, but I am afraid that I am losing my money.
Although there have been profitable trades up to 150,000 euros in my account, I am encountering difficulties when I try to withdraw some of the profits. They make all kinds of excuses, and I suspect that they manipulate my account because different people are accessing it without my permission.
As of February 19, 2023, my account balance is 160,700 euros, with equity of 58,400 euros. I am worried that my money is not in my account, and I fear that this is a scam account. I am still in contact with two of the account managers, but I am afraid they will soon close my account.
So is Rivobanc a legit website or a SCAM?
The domain rivobanc.com was registered on November 7, 2022 for one year through NameCheap, Inc. It is protected by Cloudflare.
Globally, it is ranked 3,982,507, while in the Netherlands its rank is 447,066. According to SimilarWeb, in January 2023, they received almost 8,000 visits, mainly from the Netherlands, Kenya, and Pakistan.
Semrush gives them an Authority Score of 2% and they have 166 backlinks from 92 referring domains, but none from any trustworthy websites.
Rivobanc is a trading platform that aims to disrupt the traditional trading industry by providing a platform for common traders.
They offer real-time data for trading in various markets, including forex, stocks, crypto, indices, and commodities.
They have a commitment to providing a top-notch trading platform for their clients and have created and tweaked their MT5, web, and mobile platforms.
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Rivobanc offers various resources such as account types, a download center, daily news, an education center, and an economic calendar.
They are based in Lancy, Switzerland, and offer their services globally.
Their contact information includes:
Contact form & live chat widget
+1 343 453 0726 (Ottawa and surrounding Eastern Ontario, Canada)
+44 1865 590053 (UK)
+34 930 309 174 (Spain)
Their address is: Esplanade 3 de pont-Rouge, 1212 Lancy, Switzerland.
However, according to Google Maps, there’s no such address. The closest results we get are an unemployment office, a parking garage, a commercial real estate agency, and a Regus office space location (Esplanade de Pont-Rouge 4, 5th floor, 1212 Lancy, Switzerland).
Based on the information provided on the website, it is difficult to determine whether or not Rivobanc is a scam. The website appears to offer a range of financial products, including trading in precious metals, stocks, commodities, cryptocurrencies, forex, and indices.
The website also claims to offer a modern trading platform with low fees, fast transactions, and industry-leading analytics. However, it is important to note that trading in financial products always carries a risk, and investors should conduct their due diligence before investing their money.
While the website claims to be a “trusted broker,” there is no information provided about the company’s regulatory status or licensing.
It is important to verify that the company is properly registered and authorized to provide financial services in your jurisdiction.
Additionally, the website’s lack of transparency regarding its ownership and management team is a potential red flag.
Furthermore, the website’s design and language contain several elements commonly associated with scams, such as exaggerated claims of profitability and the use of high-pressure sales tactics.
For example, the website repeatedly emphasizes the importance of signing up immediately and using their platform to make “smarter moves for your portfolio.”
The website also uses a number of promotional images and symbols to suggest legitimacy and trustworthiness, such as award badges and testimonials.
However, it is important to note that these can be easily faked or manipulated.
In conclusion, based on the limited information provided on the website, it is difficult to determine whether Rivobanc is a legitimate trading platform or a scam.
On TrustPilot Rivobanc is ranked 3.6/5 stars based on 32 reviews. Some of the reviews express negative experiences with RivoBanc, claiming that the company is a scam and that they do not allow customers to withdraw their money.
Some reviewers have tried to close their accounts and get their money back, but have been unsuccessful in doing so. The reviewers warn others to avoid the company and not invest with them. Some reviewers also suggest that the positive reviews may be fake.
On SiteJabber, rivobanc.com has a consumer rating of 3.37/5 stars based on 19 reviews, indicating that most customers are generally satisfied with their purchases. However, some of the reviews warn against investing with the company, describing it as a scam.
Many claim that they were unable to withdraw their funds, despite repeated attempts, and that the company’s representatives were unresponsive to their requests.
One reviewer even describes how they were pushed to invest more money and saw a profit, but were still unable to withdraw their funds.
Overall, these Rivobanc scam reviews suggest that people should avoid investing with Rivobanc.com.
In summary, Rivobanc is a trading platform that offers its services globally and claims to offer a modern trading platform with low fees and industry-leading analytics.
However, the lack of transparency regarding its ownership and management team, along with the absence of information about the company’s regulatory status or licensing, raises a red flag.
The website’s design and language contain several elements commonly associated with scams, and customer reviews on TrustPilot and SiteJabber suggest that the company may not be trustworthy.
In light of this information, investors should conduct their due diligence before investing their money in Rivobanc, and it may be best to avoid this platform altogether.
If you have fallen victim to online scams, please inform us by commenting below. If you have suffered a substantial financial loss, do not despair. We are here to assist you in recovering your funds!
Update (February 25, 2023) – a new complaint came in:
I invested 70,000 euros in the Rivobanc trading platform and made a profit of up to 150,000 euros through trades. However, I am currently unable to withdraw my funds and my account is being closed. This is a total scam, and I warn others to be cautious.