ANSWER SHIVOM FX is an unregulated broker that we advise against trading with despite the seemingly attractive deals it offers.SHIVOM FX claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 26232 BC 2021. While it is true that we found corresponding data in the SVG FSA register, investors must be aware that the regulatory body has explicitly stated that it neither issues any licenses to carry on the business of FOREX Trading or Brokerage or Binary Options Trading nor regulates entities involved in such activities. Therefore, SHIVOM FX remains unsupervised by the relevant financial regulator.Regarding your question, we strongly suggest you avoid dealing with SHIVOM FX since it is an unregulated broker. It is a trading platform carrying significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors. As such, to avoid such risks, investors are encouraged to stay away from unregulated brokers like SHIVOM FX and choose fully regulated ones.
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