Viverno
Basic Information
Pros and Cons
Pros
- Regulated by CySEC
- Trading platform: MetaTrader 5
- Minimum deposit starts at $100
- Spreads as low as 0.3 pips
- Maximum leverage of 1:30
Cons
- Lacks investor protection measures
- Withdrawal difficulties reported
- Mixed customer service reviews
- No demo account available
- Client funds not held in segregated accounts
Is Viverno Safe and Legit?
Viverno, registered in Cyprus, has been operational for approximately 10 years under the ownership of BDSwiss Holding Ltd. The broker offers trading in forex and CFDs with a maximum leverage of 1:30, minimum deposits starting at $100, and spreads as low as 0.3 pips on certain accounts, utilizing the MetaTrader 5 platform.
Viverno is regulated by the Cyprus Securities and Exchange Commission (CySEC); however, it has faced scrutiny due to the revocation of licenses of its parent company and lacks investor protection measures, which raises concerns about its safety and legality.
Market reputation for Viverno is mixed, with reports indicating issues related to customer service and withdrawal difficulties. While some users appreciate the trading platform and account options, there are frequent complaints regarding transparency and responsiveness, suggesting that potential clients should exercise caution before engaging with this broker.
Is Viverno a Regulated Broker?
What Are the Regulatory Licenses Held by Viverno?
Viverno is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, it does not hold any mainstream regulatory licenses and lacks investor protection measures, which raises concerns about its overall safety and legality. Potential clients should be aware that while it is registered in Cyprus, the regulatory oversight is limited, particularly in light of issues faced by its parent company, BDSwiss Holding Ltd. Therefore, it is crucial to exercise caution when considering this broker for trading activities.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| CySEC | Cyprus Securities and Exchange Commission | BDSwiss Holding Ltd | Active | 199/13 |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Viverno does not hold client funds in independently regulated bank accounts, which raises concerns about the safety of deposited funds. The broker lacks investor compensation funds or insurance schemes that would typically provide coverage in the event of financial difficulties, leaving traders vulnerable to potential losses.
Additionally, Viverno is regulated by the Cyprus Securities and Exchange Commission (CySEC), yet it does not offer the investor protection measures commonly associated with higher-tier regulatory bodies. This absence of such safeguards should prompt potential clients to carefully consider the risks involved before engaging with this broker.
Viverno Withdrawal Review
How to Contact Viverno?
Does Viverno Have Withdrawal Issues?
Viverno has received a mixed volume of complaints, with a notable focus on withdrawal difficulties. Many users have reported issues related to processing times and the requirement for additional documentation. Complaints often stem from various online forums and review platforms, highlighting concerns over transparency and response times. While some users have expressed satisfaction with the broker’s services, there are repetitive complaints regarding withdrawal delays. To date, there have been no regulatory penalties or warnings issued against Viverno concerning these issues. Given the lack of investor protection measures, potential clients should approach with caution.
Frequently Asked Questions
A1: Viverno is regulated by the Cyprus Securities and Exchange Commission (CySEC); however, it lacks investor protection measures and does not hold client funds in segregated accounts. This raises concerns about the safety and legality of the broker, prompting potential clients to exercise caution before trading.
A2: Viverno has received mixed feedback regarding its withdrawal process, with many users reporting difficulties such as delays and the need for additional documentation. While some traders have been satisfied, the frequency of complaints suggests caution is advised when considering withdrawals.
A3: Viverno does not keep client funds in independently regulated bank accounts, which raises concerns about the safety of those funds. The absence of investor compensation funds or insurance schemes leaves traders vulnerable to potential losses.
A4: Viverno is regulated by the Cyprus Securities and Exchange Commission (CySEC) under its parent company, BDSwiss Holding Ltd. However, it does not hold any mainstream regulatory licenses or provide investor protection measures, which may affect its overall safety.
A5: Viverno offers contact options including email and phone support, but user reviews indicate mixed experiences with customer service responsiveness. Potential clients are encouraged to reach out for assistance and to gauge the support level before engaging with the broker.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.