Riscoin has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal request from Riscoin has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Two-factor authentication|Real-time alerts
Cons: No fractional shares|Spreads widen during volatile periods
Where do I even begin with Riscoin? for about five months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Automated trading options|Smooth onboarding|Great customer service|Intuitive for beginners
Cons: Wish they had more educational resources|Onboarding videos are outdated
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. Riscoin said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Personal attention|Good analytical tools
Cons: Mobile app could be improved|Search feature is basic
Riscoin 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: Good mobile app|Multi-device support|Multi-currency support
Cons: Mobile app could be improved|Could offer more webinars
After using Riscoin for close to eighteen months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Regular platform improvements|Clear documentation
Cons: Withdrawal takes 1-2 business days
I requested my data from Riscoin under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Detailed reporting|Quick verification|Clear documentation|Copy trading available
Cons: No phone support on weekends
Do not be fooled by the professional-looking website. Behind the scenes, Riscoin is disorganized and incompetent. I found them through a financial advisor and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Easy to use platform|Intuitive for beginners
Cons: Could offer more webinars|Limited ETF selection
I want to warn everyone about Riscoin. They have been flagged by Financial Markets Authority 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.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After seeing ads for Riscoin online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database