QUICK FACTS
Account Minimum: $0
Fees: $0 for stocks / less than $1 for options
Introduction
Rivobanc is a US-based brokerage that accepts clients from multiple countries and territories worldwide. It boasts one of the most robust and intuitive mobile apps that simplify trading for novices and savvy investors. Rivobanc also offers a vast selection of assets, fixed-income products, and other incredible benefits to attract retail traders and institutional investors.
Pros
- Superior mobile app
- Excellent trade executions
- Wide range of product offerings
- Great customer support
Cons
- The desktop version is still in the development stage
- Limited educational content
Pros Explained
Superior mobile app
Rivobanc mobile is a robust trading platform that offers various fundamental and technical tools for active traders. The app also has a customizable layout that allows users to streamline the features and view to their needs and preferences.
Excellent trade executions
Rivobanc’s smart order routing technology highlights its trading experience. The software enables you to automate order routing and execution, ensuring greater convenience and the best prices.
Wide range of product offerings
Rivobanc provides a broader selection of assets and fixed-income products, allowing traders and investors flexible investment options.
Great customer support
Rivobanc has friendly and experienced customer service assistants, readily available to answer your questions and offer assistance 24/7. They provide support via phone, email, messaging, and live chats.
Cons Explained
Desktop version is still in the development stage
Rivobanc currently supports web and mobile trading. Their desktop version is yet to be released.
Limited educational content
The broker’s platforms fall short in educational materials but also provide efficient research tools, calculators, screeners, and market news to bridge the gap.
Usability and Trading Experience
Rivobanc boasts robust but intuitive mobile and web-based trading platforms. The onboarding process is straightforward across both platforms. Rivobanc allows you to open an account and test the platforms for up to 90 days without immediate funding. Most of the tools and features are pre-built, but some are also customizable.
Traders and investors can access similar asset classes and products on Rivobanc mobile and web versions. The platforms also use proprietary order routing software to spread orders across multiple market centers and execute each automatically at the best market prices. However, you can still direct orders to specific market centers.
Rivobanc mobile and web platforms support various tools and features, including screeners, charts, trading idea generators, calculators, evaluators, portfolio analysis, multi-leg options, research, and news. The overall navigation and trading experience on Rivobanc is generally intuitive because the platforms share similar features and functionalities.
Range of Offerings
Rivobanc’s portfolio may not be the most robust, but it incorporates a broader selection of assets and fixed-income products that would no doubt impress all types of traders and investors. The following table shows the tradeable products on Rivobanc.
| Stocks | Bonds | Mutual Funds | Futures |
| Forex | Crypto | Options | Commodities |
Rivobanc updates its portfolio frequently so that you can expect more asset classes and products soon. Besides, the broker supports multiple order types, including advanced orders such as OCO and OTO.
Costs
Rivobanc uses unique pricing mechanisms to calculate its fees and margin interest rates. Thus, clients are subject to different costs, mainly based on the traded assets or products, transaction volumes, and location. Nonetheless, here are some of the costs to expect.
- Zero fees for online stock trading
- Less than $1 options fee
- International trades are subject to exchange fees
- No commissions for account inactivity, domestic wires, and checks
- Trades placed through live brokers incur fees
Customer Support
Rivobanc offers 24/7 customer support through phone, messaging, and email. The trading platforms also support live chats that allow you to engage the customer support team in-app in real-time. Rivobanc’s website has a FAQ page where you can easily find quick answers to various common questions about online trading.
Rivobanc Is Best For
Rivobanc is a top-rated mobile trading platform that offers a wide range of investment instruments and excellent customer service. Although Rivobanc is mainly recommended to active traders, beginners and passive investors can also find it quite resourceful.
Disclaimer: This is a sponsored marketing content.
