Reported Website: https://www.divinefxtrade.com/index.php
Divine FX claims to be a licensed forex trading broker registered in St. Vincent and the Grenadines but fails to give its company’s name and the registration number. Such vague statement on the regulatory status can be interpreted as a negative sign, casting doubts on this broker’s authenticity and reliability. We searched for this broker in the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), but no corresponding records exist. Furthermore, the SVG FSA has explicitly announced that it doesn’t issue forex licenses nor does it regulate entities involved in such activities. In essence, Divine FX is not regulated by any governing body. Entrusting this broker with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
