Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighThe worldwide riverprime.com operation relies on a St Vincent IBC registration, which is not financial regulation; a genuine CySEC licence exists but only for the separate EU entity, which caps the score below the top band.
Identity & transparency
4/10 · ModerateReal, disclosed entities and addresses (St Vincent and Cyprus, with an LEI), but the site does not make clear that .com clients contract with the unregulated St Vincent company, and the former FXRiver name is not disclosed.
Withdrawals & conduct
5/10 · ModerateA handful of checkable fund-access complaints (reduced payout, account disabled after a complaint, delays) that do not form a large, time-clustered pattern, and some issues were resolved.
Reputation
6/10 · HighThin and mixed footprint for a broker claiming 10,000+ clients, with low aggregator scores, a 2022 scam-flag review, suspected paid reviews and a negative predecessor history, but no regulator warning.
Website claims
8/10 · CriticalPresents a St Vincent company registration as regulation, markets itself as globally and multi-regulated to clients placed under an unregulated entity, and advertises 20 years of experience it cannot evidence.
Operational history
6/10 · HighGenuinely established (main domain since 2016, trading for years), which lowers risk; a rebrand from FXRiver and an undatable St Vincent entity keep it from the cleanest band.
Who they are
A quick desk file on the company behind the brand.
- Brand: River Prime (formerly FXRiver)
- Legal entity (main site): River Prime Ltd, an International Business Company in St Vincent and the Grenadines (No. 23007 IBC 2015)
- Registered: Suite 305, Griffith Corporate Centre, Beach Mont, P.O. Box 1510, Kingstown, St Vincent and the Grenadines
- EU entity: River Prime Europe Ltd, Limassol, Cyprus (company HE 433395), licensed by CySEC (451/24) for riverprime.eu
- Website: riverprime.com (worldwide), riverprime.eu (EU), riverprime.net
- Licences on record: St Vincent IBC registration (not a financial licence); a Labuan money-broking licence (MB/19/0039, low-tier offshore); CySEC 451/24 (EU entity only)
- Offers: MetaTrader 5, CFDs on forex, indices, metals and energies; leverage up to 1:400; minimum deposit from $20
- Not accepted: the EU arm excludes the United States and sanctioned jurisdictions
- Age claim: the EU site advertises 20 years of experience; verifiable history runs to about 2016 (domain)
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Financial Services Authority of Saint Vincent and the Grenadines (FSA SVG)
Found by our investigation (2) — the broker does not list these on its own site
Labuan Financial Services Authority (LFSA), Malaysia
Found by us — not listed by the broker
Cyprus Securities and Exchange Commission (CySEC)
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate River Prime high risk, not a confirmed scam. It is a real, multi-year trading business with a genuine EU-licensed sister company, but the website most clients use is an offshore shell that oversells its regulation.
- The company behind riverprime.com is River Prime Ltd in St Vincent and the Grenadines. A St Vincent IBC is a company registration, not a trading licence, and St Vincent has stated publicly that it does not license or regulate forex or brokerage businesses.
- Despite this, the footer of riverprime.com states the firm is regulated by the Financial Services Authority of Saint Vincent and the Grenadines under Number 23007 IBC 2015, and the homepage calls it globally regulated and Multi-Regulated. For a client on riverprime.com, that protection does not exist.
- The group holds a real CySEC licence (451/24), but the Cyprus regulator's register shows it belongs to a separate company, River Prime Europe Ltd, with an approved website of riverprime.eu. It does not cover riverprime.com.
- River Prime was previously FXRiver. Independent review sites described FXRiver as unregulated with withdrawal problems, and the same St Vincent structure and Labuan money-broking licence carried over, so that history stays with the brand.
- Clients report withdrawal delays, one case of a $36 profit paid as $24.12, and an account disabled after the client complained. The volume is limited and some issues were resolved, so this is a warning sign rather than proof of systematic theft.
- On age, St Vincent does not publish a public company search, so the operating company could not be independently dated; the figure therefore rests on the domain, which dates to 2016. The 20 years of experience marketing is not supported.
Evidence ledger
Every finding, with its source and how strongly it points.
E1River Prime's own regulation page and site footer state the firm is regulated by the Financial Services Authority of Saint Vincent and the Grenadines under Number 23007 IBC 2015, presenting a company (IBC) registration as financial regulation.
E2St Vincent and the Grenadines does not license or regulate forex trading or brokerage, and its FSA does not supervise IBCs engaged in such business, so the St Vincent regulation claim confers no protection.
E3The CySEC register confirms a genuine EU licence (CIF 451/24, authorised 23 Dec 2024) held by River Prime Europe Ltd, with approved website www.riverprime.eu, covering EU clients of that separate entity only.
E4The GLEIF Legal Entity Identifier record confirms River Prime Europe Ltd is a real Cyprus company (registration HE 433395, incorporated 18 Apr 2022) in Limassol.
ModerateGLEIF LEI recordE5The main domain riverprime.com was registered on 8 Sep 2016, consistent with a multi-year operation rather than a new pop-up site.
ModerateVerisign RDAP domain recordE6River Prime is the former FXRiver; independent review sites described FXRiver as unregulated with withdrawal complaints, and the same St Vincent structure and Labuan money-broking licence carried into River Prime.
E7A 2022 review flagged riverprime.com as unregulated, described a retention agent pushing clients to deposit more after the first deposit and alleged paid positive reviews; users elsewhere reported a $36 profit paid as $24.12 and an account disabled after complaining.
E8riverprime.com markets the broker as globally regulated and Multi-Regulated, but the live site's only regulatory reference for its worldwide clients is the St Vincent IBC registration.
ModerateRiver Prime homepageE9The EU site (River Prime Europe Ltd) advertises 20 years of experience, which the group's verifiable history (2016 domain, about 2019 Labuan licence, 2022 EU company) does not support.
ModerateRiver Prime EU websiteE10The About page claims 10,000+ clients across 50+ countries and displays Forbes, Bloomberg and CNBC Arabia logos under You Can Watch Us, with no linked articles substantiating the coverage.
E11No regulator warning-list entry (FCA, ASIC, CySEC, IOSCO members) naming River Prime or riverprime.com was found, and no fraud enforcement or court record against the firm.
The other side
The strongest case in this broker’s favour.
The fairest case in River Prime's favour:
- It is a genuine, functioning broker on MetaTrader 5 with a real client base, not an empty scam page. The platform, liquidity setup and account types are real.
- The group earned a real EU licence: CySEC authorised River Prime Europe Ltd (451/24) in December 2024, which requires audited capital, client-money segregation and access to an investor compensation fund for EU clients on riverprime.eu.
- It also holds a Labuan money-broking licence, so the group is not entirely unlicensed, even though offshore licences of this kind are weak.
- The operation is established rather than a fresh pop-up: the main domain dates to 2016 and the brand has traded for years.
- We found no regulator warning list naming River Prime and no fraud enforcement or court record against it, and the complaints that exist are limited and partly resolved.
What would change this
What we would need to see to revise the verdict.
What would move our assessment, in either direction:
- Safer: if River Prime moved its worldwide clients onto the CySEC-licensed entity and stopped describing its St Vincent registration as regulation, the central risk here would fall away.
- Safer: clear, consistent evidence of fast, full withdrawals for riverprime.com clients over time.
- Riskier: a regulator warning naming riverprime.com or River Prime Ltd, for example from the FCA, ASIC, CySEC or an IOSCO member.
- Riskier: a cluster of consistent, detailed reports of blocked withdrawals, frozen accounts, or a demand for an extra payment before funds are released.
- Riskier: suspension or withdrawal of the CySEC or Labuan licence, or the CySEC entity being used to lend credibility to the unlicensed offshore site.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
CySEC register - River Prime Europe Ltd (451/24)
Cyprus regulator entry for the group's EU entity; covers riverprime.eu only
GLEIF LEI record - River Prime Europe Ltd
Confirms the Cyprus company, registration HE 433395
St Vincent advisory on forex
St Vincent authorities state forex and brokerage are not licensed there
River Prime regulation page
The broker's own regulation page, which cites only St Vincent
River Prime EU site (CySEC)
The group's EU, CySEC-regulated website
Frequently asked questions
Quick answers about this broker’s safety.
Is River Prime a scam?
We rate River Prime high risk, but we did not find enough to call it a confirmed scam. It is a real, long-running broker, and its group holds a genuine EU (CySEC) licence. The main concern is that riverprime.com places clients with an offshore St Vincent company that has no financial regulator, while describing itself as globally regulated.
Is River Prime regulated?
Only partly. The company behind riverprime.com, River Prime Ltd, holds a St Vincent company registration, which is not a financial licence. A separate group company, River Prime Europe Ltd, is genuinely licensed by CySEC in Cyprus (451/24), but that only covers the EU site riverprime.eu.
Is River Prime a fraud?
We found no regulator warning, no enforcement action and no fraud court record naming River Prime, so we do not label it fraudulent. That said, it overstates its regulation and some clients report withdrawal problems, so treat it with caution.
Can I withdraw my money from River Prime?
Most clients can, but there are complaints about delays, a reduced payout and one account being disabled after a complaint. Withdraw early and keep records. If an account manager asks you to deposit more before you can withdraw, treat that as a serious warning sign.
Is my money safe with River Prime?
On riverprime.com your money sits with an unregulated St Vincent company, so there is no regulator or compensation scheme standing behind it. Only EU clients on the CySEC-licensed riverprime.eu have that kind of protection.
Who owns River Prime and where is it based?
The main website is run by River Prime Ltd, registered in St Vincent and the Grenadines. The EU arm is River Prime Europe Ltd in Limassol, Cyprus (company HE 433395). Our records previously listed the UK, which we could not confirm.
What does the St Vincent licence (23007 IBC 2015) actually mean?
It is an International Business Company registration, essentially a company number. St Vincent's authorities have said publicly that they do not license or regulate forex or brokerage firms, so this number gives you no investor protection.
Is River Prime the same as River Prime Europe?
They are part of the same brand and group but are different companies. River Prime Europe Ltd (CySEC 451/24) serves EU clients on riverprime.eu. River Prime Ltd (St Vincent) serves the rest of the world on riverprime.com and is not covered by the CySEC licence.
Was River Prime previously called FXRiver?
Yes. River Prime is the rebranded FXRiver. Independent review sites had flagged FXRiver as unregulated with withdrawal complaints, and the same St Vincent and Labuan structure carried over, so that history is relevant.
How old is River Prime?
The main domain dates to 2016 and the brand has traded for years, so it is established. The EU company was incorporated in 2022 and licensed in 2024. The 20 years of experience claim on the EU site is not supported.
Is River Prime regulated by the FCA in the UK?
No. We found no FCA authorisation and no UK-regulated River Prime entity. Despite our older records showing the UK, the operating companies are in St Vincent and Cyprus.
What should I check before depositing with River Prime?
Confirm which company you are signing with (St Vincent or the CySEC entity), treat regulated in St Vincent as unregulated, verify any licence on the regulator's own register, start with a small amount, and test a withdrawal before committing more.
What we recommend
The practical takeaway from everything above.
If you are considering or already using River Prime:
- Check which company you are actually signing with. On riverprime.com you contract with River Prime Ltd in St Vincent, which has no financial regulator behind it. Only riverprime.eu is covered by CySEC.
- Treat regulated in St Vincent as not regulated. An IBC number is a company registration, not investor protection.
- If you are in the EU, use the CySEC-licensed riverprime.eu entity and confirm the firm on the CySEC register first.
- Start with a small amount, test a withdrawal early, and keep dates, amounts and ticket numbers so any dispute is checkable.
- If an account manager pressures you to deposit more before withdrawing, stop and treat it as a red flag.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 30, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
What traders say about River Prime
Comments on River Prime are posted on its profile
Nobody has commented on River Prime yet. If you have traded with them, your experience helps the next reader decide.
Write the first comment