According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $20
- MetaTrader5
- LFSA
- SVG FSA
Our Evaluation of River Prime
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
River Prime is a moderate-risk broker with the TU Overall Score of 5.47 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by River Prime clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
River Prime is suitable for active CFD trading on currencies, commodities, stocks, and stock indices. It also supports copy trading, algorithmic trading, and investments in PAMM/MAM accounts.
Brief Look at River Prime
River Prime is a regulated broker offering trading in derivatives via CFDs. It is officially registered in Malaysia with the Labuan Financial Services Authority (LFSA) license number MB/19/0039, and in Saint Vincent and the Grenadines under the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) number 23007 IBC 2015. River Prime provides clients access to over 2,000 financial instruments, copy trading, and investments in PAMM and MAM accounts. The broker offers trading education, accounts for both professionals and beginners, and technical and fundamental analysis.
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- No strict deposit requirements for beginner accounts;
- 24/5 support for currency pair trading;
- Wide range of trading instruments;
- The partnership offers for retail traders and experienced managers;
- Accounts with different pricing models;
- Free access to useful analytical tools, financial calculators, and trading signals;
- Deposits and withdrawals without a broker fee.
- High spreads on accounts without additional trading fees;
- Traders cannot trade CFDs on cryptocurrencies;
- MetaTrader 4 platforms, which are more user-friendly for beginners, are not available.
TU Expert Advice
Financial expert and analyst at Traders Union
River Prime offers access to CFD trading on the MT5 trading platform. While the MT5 platform offers advanced analytical capabilities, making it a powerful tool, it might not be suitable for beginners due to its complexity compared to the simpler MT4. Additionally, River Prime clients cannot open a cent account, which further complicates a smooth integration into the trading environment for high-risk CFD derivative transactions.
River Prime operates under regulation, but the authorities overseeing its activities are outside the EU, the U.S., and Australia, so their reliability cannot be considered the highest. Moreover, the SVG FSA and LFSA regulators do not have internal reserve funds for compensation in case of River Prime’s financial insolvency.
The broker offers a wide range of CFDs, especially on currency pairs and stocks. Clients can achieve tight spreads by opting for one of the professional account types. All clients enjoy 24-hour support, educational materials, and the opportunity to participate in seminars, webinars, and partnership programs, regardless of their account type.
River Prime Trading Conditions
Your capital is at risk. Trading foreign exchange, precious metals, and CFDs carries a high degree of risk. It is possible to lose all your capital. These trading instruments may not be suitable for everyone and you should make sure that you understand the risks involved. Seek independent expert advice if necessary and trade only with funds that you can afford to lose. Please think carefully if such trading suits you, your relevant circumstances, and your personal resources. To avoid margin calls, clients are not recommended to use their entire account balance in trading. Clients can minimize their level of exposure by changing their financial leverage.
| 💻 Trading platform: | MetaTrader 5 (MT5) |
|---|---|
| 📊 Accounts: | Demo, Pro, Prime, Premium, Islamic |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Visa and Mastercard (credit and debit cards), bank transfer |
| 🚀 Minimum deposit: | $20 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | CFDs on currency pairs, metals, commodities, indices, stocks |
| 💹 Margin Call / Stop Out: | 20% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: |
Expert Advisors (EAs) and hedging allowed Raw spreads from 0 pips available |
| 🎁 Contests and bonuses: | Yes |
River Prime caters to both novice and experienced traders by offering accounts with minimum deposits of $20, $250, and $3,000, each with a different pricing model. Notably, all accounts have the same maximum leverage of 1:400, regardless of the client's balance. Additionally, the broker offers swap-free trading for Muslim clients.
River Prime Key Parameters Evaluation
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Trading Account Opening
A user account on the River Prime website unlocks a range of features and benefits. To get started, simply register by following these steps:
First, on the River Prime website, select the division you need either Saint Vincent and the Grenadines or Malaysia. The jurisdiction switch button is located at the top of the screen. Then, click "Open Account" or "Create Account." If you click "Try Demo," a form for registering a demo account will appear.
In the form, enter your personal information and contact details. Be sure to provide a valid email address and create a strong password, as these will be used to log into your user account.
Steps for a new client after creating a user account with River Prime:
Additional features of River Prime’s user account allow traders to:
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Open accounts;
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Submit withdrawal requests;
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View market data on major currency pairs and metals;
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Install the desktop trading platform;
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Send support requests;
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Access trading signals, trader calculators, and market news.
Regulation and safety
River Prime has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
River Prime Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 SVG FSA |
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
River Prime Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker River Prime have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of River Prime with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, River Prime’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
River Prime Standard spreads
| River Prime | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,3 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,5 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,8 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
River Prime RAW/ECN spreads
| River Prime | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,0 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,3 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with River Prime. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
River Prime Non-Trading Fees
| River Prime | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
To start trading on the over-the-counter market through River Prime, open a live account and fund it. Three account types are available, differing in fee levels and initial deposit requirements. All accounts are set up on the MT5 trading platform after verification.
Account Types:
Before opening a live account, you can try out a demo account funded with virtual funds to practice your strategies. River Prime offers a range of accounts tailored to the needs of both novice traders and professionals, along with investors seeking passive income strategies through PAMM and MAM accounts. Each account type supports the Swap Free option.
Deposit and withdrawal
River Prime received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
River Prime offers limited payment options and accessibility, which may impact its competitiveness.
- No deposit fee
- No withdrawal fee
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- PayPal not supported
- BTC payments not accepted
- Only major base currencies available
What are River Prime deposit and withdrawal options?
River Prime offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making River Prime less competitive for those seeking diverse payment options.
River Prime Deposit and Withdrawal Methods vs Competitors
| River Prime | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are River Prime base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. River Prime supports the following base account currencies:
What are River Prime's minimum deposit and withdrawal amounts?
The minimum deposit on River Prime is $20, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact River Prime’s support team.
Markets and tradable assets
River Prime offers a wider selection of trading assets than the market average, with over 2000 tradable assets available, including 37 currency pairs.
- 2000 assets for trading
- Indices trading
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by River Prime with its competitors, making it easier for you to find the perfect fit.
| River Prime | Plus500 | Pepperstone | |
| Currency pairs | 37 | 60 | 90 |
| Total tradable assets | 2000 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products River Prime offers for beginner traders and investors who prefer not to engage in active trading.
| River Prime | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
River Prime offers multiple ways to reach their support team via the Contact Us section on their website. Whether you prefer online or offline methods, they have you covered.
Advantages
- Multilingual technical support available 24/5
- Support available online and by phone
Disadvantages
- Chat operators often avoid answering questions about trading conditions
- Intrusive service in messaging apps
You can reach River Prime through the following methods:
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Phone numbers listed in the contact section for different countries;
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Online chat on the website and in the user account;
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Email;
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Feedback form;
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WhatsApp;
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Facebook;
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Instagram.
The website provides numbers for all company branches, helping to reduce phone call costs.
Contacts
| Registration address | River Prime Ltd, Suite 305, Griffith Corporate Centre, Beach Mont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines |
|---|---|
| Regulation | LFSA, SVG FSA |
| Official site | https://www.riverprime.com/en/ |
| Contacts |
+962 6 400 0005, +971 4 586 0700
|
Education
The River Prime website features articles for beginner traders covering the basics of CFD trading. While the educational content provided by the company isn't advanced, it does cover fundamental concepts effectively.
Beyond theoretical materials, the broker offers a demo account for hands-on trading practice.
Comparison of River Prime with other Brokers
| River Prime | Eightcap | XM Group | RoboForex | TeleTrade | Kama Capital | |
| Trading platform |
MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | MetaTrader5 |
| Min deposit | $20 | $100 | $5 | $10 | $10 | No |
| Leverage |
From 1:1 to 1:400 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | 1.00% | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.2 points | From 0 points |
| Level of margin call / stop out |
No / 20% | 80% / 50% | 100% / 50% | 60% / 40% | 70% / 20% | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | Yes |
Detailed Review of River Prime
River Prime is a group of companies with offices in the UAE, Jordan, Malaysia, and Saint Vincent and the Grenadines. They are dedicated to providing high-quality brokerage services, offering an advanced trading platform,24-hour support, and tools to enhance trading performance. River Prime also provides partnership programs, bonuses, demo accounts, and managed accounts.
River Prime by the numbers:
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Over 10,000 clients worldwide;
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More than 20 years of experience;
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More than 20 innovative tools to improve trading quality.
River Prime is a broker for all trading strategies and styles
River Prime clients have access to trading popular classes of CFDs. Currency pairs can be traded with spreads starting from 0 pips and margins between 1% and 10%. Spreads on stock indices start from 0.25 pips, with margin requirements from 1% to 4%. Commodity spreads start from a few pips, with margin requirements depending on the instrument: for metals, the margin varies from 1% to 3%, and for energies, it is 4%. River Prime offers the widest selection of CFDs on stocks, with a minimum contract size of $1 and margin rates from 0.1% to 0.2%. The broker allows leverage up to 1:400 and provides negative balance protection to mitigate risks.
All financial instruments are traded on the MT5 platform, which is available in the desktop, mobile app, and WebTrader versions. This platform also supports trade copying and investing in PAMM/MAM accounts.
Useful Functions of River Prime:
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Market Buzz. This tool provides real-time market movement information to help make informed trading decisions;
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Economic Calendar. Designed for fundamental market analysis, it displays important global events relevant to traders;
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Trading Signals. Broadcast on the broker's website, these signals show support/resistance levels, price growth/decline percentages, and buy/sell forecasts;
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Calculators. The website offers seven calculator types for calculating points, profit/loss, margin, and more. A currency converter is also available;
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Price Charts. Streamed from TradingView, a leading resource for professional technical analysis.
Advantages:
Instant deposits and fast withdrawals;
Trade from any device with Internet access;
There are no restrictions on using passive strategies;
Availability of a demo account and educational content for gaining theoretical trading knowledge;
24-hour support on market days;
River Prime allows hedging and the use of EAs on all account types.
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