A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 68 | 35% |
| Company age | 72 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 45 | 8% |
| Transparency (site/info/social) | 25 | 10% |
| Real-user sentiment | 70 | 8% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| CYSEC | Forex Execution License (STP) | 309/16 | Cyprus | — |
| FSCA | Derivatives Trading License (EP) | 52830 | South Africa | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| VIP | FX 1:400 Silver & Gold (metals) 1:200 Indices 1:200 Commodities 1:200 Stocks/Equities 1:5 Cryptos 1:5 | -- | EUR/USD 0.9 Gold 1.4 Crude Oil 1.4 Dax $0.10 Ripple 5 Tesla $1.4 | -- | ✓ |
| Platinum | FX 1:400 Silver & Gold (metals) 1:200 Indices 1:200 Commodities 1:200 Stocks/Equities 1:5 Cryptos 1:5 | -- | EUR/USD 1.4 Gold 2 Crude Oil 2 Dax $0.12 Ripple 5.3 Tesla $1.6 | -- | ✓ |
| Gold | FX Up to Silver & Gold (metals) 1:200 Indices 1:200 Commodities 1:200 Stocks/Equities 1:5 Cryptos 1:5 | -- | EUR/USD 1.8 Gold 2.3 Crude Oil 2.3 Dax $0.13 Ripple 5.5 Tesla $1.8 | -- | ✓ |
| Silver | FX 1:400 Silver & Gold (metals) 1:200 Indices 1:200 Commodities 1:200 Stocks/Equities 1:5 Cryptos 1:5 | -- | EUR/USD 2.5 Gold 2.8 Crude Oil 2.8 Dax $0.14 Ripple 5.7 Tesla $2 | -- | ✓ |
| Classic | FX 1:400 Silver & Gold (metals) 1:200 Indices 1:200 Commodities 1:200 Stocks/Equities 1:5 Cryptos 1:5 | -- | EUR/USD 2.5 Gold 2.8 Crude Oil 2.8 Dax $0.14 Ripple 5.7 Tesla $2 | -- | ✓ |
Across 12 recent Trustpilot reviews, 33% are 1–2 star. Sentiment is strongly negative; multiple users describe losing access to their money. Treat with extreme caution.
0Riverquode is a forex and CFD broker based in South Africa, with records dating to 2025-06-27. It reports oversight from CYSEC, FSCA.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
On Trustpilot, Riverquode holds a real-user score of 2.2/5 across 24 reviews.
Overview compiled by FXCanary from regulatory records and public data. full Riverquode review