Riverquode is an online CFD broker operating under AzurevistaFX (Pty) Ltd, regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under FSP license 52830 (CIPC registration 2020/750823/07). It offers more than 160 instruments across six asset classes through a browser-based WebTrader platform, with five account tiers, a demo account, and support in eight languages. This overview draws on the broker's published specifications.
Regulation and Fund Handling
The FSCA is South Africa's conduct regulator for financial services providers, and licensed entities face ongoing obligations covering reporting, capital adequacy, and client protection. Client funds are held in segregated accounts, separate from company funds, and negative balance protection applies across all account types, so a balance cannot fall below zero from market losses.
Platform
Trading runs on WebTrader, built on Matchtrade technology. It is browser-based with no installation and works on desktop, laptop, tablet, and smartphone. Features include charting with support and resistance levels, a Technical Score indicator, and fast order execution. A dedicated mobile app is noted as in development.
Instruments and Leverage
Coverage spans forex (EUR/USD, GBP/USD and others), stocks (Tesla, Apple), commodities (Crude Oil), indices (DAX, S&P 500, FTSE 100), metals (Gold, Silver), and cryptocurrencies (Bitcoin, Ripple). Leverage is set by asset class: up to 1:400 on forex, 1:200 on metals, indices, and commodities, and 1:5 on stocks and cryptocurrencies.
Account Tiers
Five tiers share the same leverage, risk controls, instrument access, a 0.01 lot minimum and 50 lot maximum trade size, and a 100% margin call with a 20% stop-out. The differences are spread and swap discounts.
|
Tier |
EUR/USD spread |
Swap discount |
|
Classic |
2.5 |
No |
|
Silver |
2.5 |
Yes |
|
Gold |
1.8 |
Yes |
|
Platinum |
1.4 |
Yes |
|
VIP |
0.9 |
Yes |
Fees, Deposits, and Withdrawals
Costs are spread-based, narrowing at higher tiers; swap charges apply to overnight positions and vary by instrument. Deposit and withdrawal methods include cards, wire transfer, and alternative payment methods, though specific fees, minimums, and processing times should be confirmed with the broker.
Education and Research
The Education Center offers video courses (basics, terminology, economics, ECN, social trading, strategies, and MetaTrader tutorials) and an eBook library covering psychology, capital management, and technical analysis. Trading Central is integrated, adding a Technical Score, Panoramic View, Alpha Generation, Technical Insight, and Strategy Builder, alongside an economic calendar of scheduled events.
Support
Support is available by phone and email in eight languages: Portuguese, Spanish, Thai, Hindi, Malay, French, German, and Italian.
