Riverquode provides web-based CFD access through South African intermediary AzurevistaFX. Classic-to-VIP pricing sits alongside a consequential monthly inactivity tariff. Its June 2026 agreement separates the intermediary from the trade counterparty and distinguishes dormant accounts, archived records and retail negative-balance terms.
Accounts, eligibility and retail account conditions
Sections ↑Classic and Silver publish the same headline spreads; Silver adds a swap-discount flag. Gold, Platinum and VIP narrow selected quotes, while all five share the same stated margin call, stop-out and volume range. Qualification balances are not set out on this comparison page.[2]
Published spread comparison
The Fees Policy defines spreads in pips, supporting the EUR/USD reading. DAX and Tesla cards explicitly show dollars; their values are retained without imposing one cross-asset pip conversion.[2][6]
Markets, exposures and what each instrument actually represents
Sections ↑Markets, exposures and what each instrument actually represents
| Feature | Terms and scope |
|---|---|
| Market count | More than 160 CFD instruments marketed, not a live liquidity guarantee.Source 1Source 4Source 2 |
| FX | Major currencies including EUR/USD, GBP/USD, USD/JPY.Source 1Source 4Source 2 |
| Metals | Gold and silver CFDs, leverage to 1:200 by Classic card.Source 1Source 4Source 2 |
| Indices and energy | Index CFDs and crude oil with separate sessions and financing.Source 1Source 4Source 2 |
| Shares and crypto | CFDs on company shares and digital assets, not shareholder/custody rights.Source 1Source 4Source 2 |
Spreads, commissions, financing and total trading costs
Sections ↑Monthly inactivity schedule
The tariff defines inactivity by absence of deposits, withdrawals and newly opened trades. Separately, the product-specification PDF lists a monthly maintenance fee of USD 10/EUR 10, replaced by inactivity charging when the stated dormant condition applies. These are separate fee categories, not a one-off escalating penalty.[6][7]
At the published Classic EUR/USD spread of 2.5 pips, an illustrative 100,000-unit trade with USD 10 per pip incurs USD 25 spread cost. This excludes financing and execution changes.[2][6]
Overnight financing schedule
Platforms, order handling, margins and execution risk
Sections ↑Product leverage across all five tiers
Shared account controls
Deposits, withdrawals, settlement and account currencies
Sections ↑The specified eight-to-ten-business-day withdrawal window is a processing description, not a commitment that every correspondent bank or payment provider will settle by a guaranteed date.[3][4][2][1]
Deposits, withdrawals, settlement and account currencies
| Feature | Terms and scope |
|---|---|
| Initial deposit | USD 250 or account-currency equivalent per support FAQ.Source 3Source 4Source 2Source 1 |
| Deposits | Cards, wire transfer and alternative payment methods.Source 3Source 4Source 2Source 1 |
| No third party | Funding is accepted from accounts in the client’s own name.Source 3Source 4Source 2Source 1 |
| Card withdrawal minimum | USD 10 equivalent.Source 3Source 4Source 2Source 1 |
| Wire withdrawal minimum | USD 100 equivalent.Source 3Source 4Source 2Source 1 |
| Timing | FAQ says typically 8–10 business days, bank timing can vary.Source 3Source 4Source 2Source 1 |
| Open positions | A withdrawal can reduce free margin and trigger liquidation if collateral no longer meets requirements.Source 3Source 4Source 2Source 1 |
Dormant status versus closed records
| Status | Consequence |
|---|---|
| Dormant | At least one month with no trading, deposit or withdrawal; advance email notice before monthly feeSource 5 |
| Reactivation | Updated KYC and account confirmation may be requiredSource 5 |
| Archived | Closed/deactivated account; records retained at least five yearsSource 5 |
| Archived statement request | Written request; reasonable retrieval fee may applySource 5 |
Broker deposit and withdrawal charges
| Condition or method | Published fee |
|---|---|
| Deposit | Zero broker fee; provider/FX charges possibleSource 6 |
| First withdrawal: verified plus at least one trade | FreeSource 6 |
| Unverified or no executed trade | USD 10 equivalentSource 6 |
| Subsequent debit card | 3.5%Source 6 |
| Subsequent wire | USD 30 equivalentSource 6 |
| Credit/prepaid card or e-wallet | Processor-specific termsSource 6 |
Legal counterparties, permissions and client-money protection
Sections ↑The legal page distinguishes the South African intermediary from the market-making or product-issuing liquidity providers. A client should identify who owes P&L and holds collateral before assuming the intermediary’s licence governs every trade.[4][1][2]
Legal counterparties, permissions and client-money protection
| Feature | Terms and scope |
|---|---|
| FSCA entity | AzurevistaFX (Pty) Ltd, FSP 52830, CIPC 2020/750823/07.Source 4Source 1Source 2 |
| Intermediary—not issuer | Site says it is not the market maker or CFD principal; client accounts are associated with separate liquidity providers.Source 4Source 1Source 2 |
| Segregation | Firm claims client-fund segregation; company and liquidity-provider obligations differ.Source 4Source 1Source 2 |
| Negative balance | Broker advertises protection; review exact beneficiary and exceptions.Source 4Source 1Source 2 |
| Excluded jurisdictions | US, Canada, Russia, Belarus, Iran, Iraq, North Korea, EU, UK, Myanmar and others.Source 4Source 1Source 2 |
| Group relation | Company cites IGM Forex Ltd in Cyprus, but its licence cannot automatically cover this contract.Source 4Source 1Source 2 |
Customer service, complaints and documentary evidence
Sections ↑Customer service, complaints and documentary evidence
| Feature | Terms and scope |
|---|---|
| Support | Help hub and contact form; specialist language phone routes offered.Source 3Source 4Source 1 |
| Disputes | Formal complaint-handling form available via legal documents.Source 3Source 4Source 1 |
| Execution evidence | Retain web-order confirmations, quote and position logs.Source 3Source 4Source 1 |
| Regulatory complaint | Confirm the FSCA intermediary scope and named CFD issuer before escalation.Source 3Source 4Source 1 |
Formal complaint milestones
| Stage | Published route or clock |
|---|---|
| Submit | Website complaint form or [email protected]Source 8 |
| Telephone/account manager | Must be followed by a written complaintSource 8 |
| Acknowledgement | Within five business daysSource 8 |
| Resolution target | Within six weeks from receiptSource 8 |
| If delayed | Holding response; final response within a further month, subject to complexity/cooperationSource 8 |
| No requested information | May close after three months without client responseSource 8 |
Special services, automation, promotions and restrictions
Sections ↑Special services, automation, promotions and restrictions
| Feature | Terms and scope |
|---|---|
| Web platform | Browser-based dealing, not proof that MT4/MT5 trading is available.Source 1Source 4Source 2 |
| Education | Company lists learning resources and demonstrations.Source 1Source 4Source 2 |
| Promotional credit | Bonus terms restrict eligibility and require verification; bonus is not automatically withdrawable cash.Source 1Source 4Source 2 |
| Crypto weekend | FAQ notes some cryptocurrency CFD trading may continue when mainstream index and FX sessions close.Source 1Source 4Source 2 |
| Copy/API | No public customer-authority or API permission schedule verified.Source 1Source 4Source 2 |
Corporate background, regional availability and open questions
Sections ↑Group-level regulatory claims do not establish who owes the customer a CFD settlement or withdrawal. A country restriction can change over time; the current account-opening decision and signed counterparty therefore have priority over a global homepage.[4][1][2]
Corporate background, regional availability and open questions
| Feature | Terms and scope |
|---|---|
| Brand operator | AzurevistaFX (Pty) Ltd.Source 4Source 1Source 2 |
| Corporate number | 2020/750823/07.Source 4Source 1Source 2 |
| FSCA reference | 52830 claimed.Source 4Source 1Source 2 |
| Issuer separation | Entity discloses intermediary-only role; identify contracted liquidity provider.Source 4Source 1Source 2 |
| Payment processor | Site refers to UK-registered Noventra NVT Ltd for some transactions.Source 4Source 1Source 2 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
AzurevistaFX (Pty) Ltd
No separate licence entry is recorded in this panel.
Sources & further reading
- Official 160+ CFD product catalogue Riverquode · Accessed 22 Oct 2026
- Five account tiers and instrument-level leverage Riverquode · Accessed 22 Oct 2026
- Payments, fees and inactivity FAQ Riverquode · Accessed 22 Oct 2026
- Operating entity, intermediary status, restrictions and legal forms Riverquode · Accessed 22 Oct 2026
- Client agreement v1.4, June 2026, currently linked from legal index Riverquode · Accessed 26 Oct 2026
- General Fees Policy Riverquode · Accessed 26 Oct 2026
- Product Specifications Explained, maintenance fee Riverquode · Accessed 26 Oct 2026
- Formal complaint procedure and response clocks Riverquode · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.