Broker Review

Unauthorised Firm Details

Name: Starkivo.com
Website: www.starkivo.com

Overview

Starkivo presents itself as a global trading platform offering access to various financial markets, including forex, stocks, commodities, indices, and cryptocurrencies. The platform claims to provide services to both retail and institutional clients, emphasizing a consultative approach to trading and investment.

Regulatory Concerns

Despite its claims of being a multi-regulated broker, Starkivo is not authorized or registered by major financial authorities such as the UK’s Financial Conduct Authority (FCA), the U.S. Securities and Exchange Commission (SEC), or the Australian Securities and Investments Commission (ASIC).

The absence of regulation raises significant concerns about the safety of client funds and the platform’s adherence to industry standards.

Risk Considerations

Engaging with unregulated platforms like Starkivo carries inherent risks:

• Lack of Legal Protections: Without regulatory oversight, there are no guarantees regarding the safety of funds or legitimacy of trading practices.

• Potential Withdrawal Issues: Users may encounter difficulties when attempting to withdraw their funds.

• Security Concerns: The absence of independent audits raises questions about the platform’s security and operational reliability.

User Feedback

Reports from users and third-party reviewers indicate concerns about Starkivo’s practices. Many traders have reported issues related to fund withdrawals, misleading promises, and a lack of transparency. The platform has been flagged as a potential scam in the online trading space.

Conclusion

While Starkivo offers a range of financial instruments and claims to provide a consultative approach to trading, the lack of regulatory oversight and potential operational risks suggest that investors should exercise caution. Conducting thorough research and carefully evaluating one’s risk tolerance are essential before engaging with this platform.