Margin Rivou has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Margin Rivou is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: margin-rivou.com.
Do not use Margin Rivou for anything serious. I used them since early this year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Competitive fees|Easy to use platform
Cons: Minimum deposit could be lower
Tried to withdraw my funds from Margin Rivou and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Margin Rivou said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Portfolio tracking tools|Two-factor authentication|Fast deposits|API access
Cons: Nothing significant
Margin Rivou offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Low minimum deposit|Personal attention|Automated trading options
Cons: Withdrawal takes 1-2 business days|Limited cryptocurrency options
I want to warn everyone about Margin Rivou. They have been flagged by Autorité des marchés financiers as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns