SevVivos review – 5 things you should know about sevivoss.com

Beware! SevVivos is an offshore broker! Your investment may be at risk.

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The SevVivos website immediately appeared suspicious to us because it is more or less identical to other shady brokers we have encountered, such as Enton Apy. Closer inspection confirms that this is yet another reincarnation of a familiar fraudulent scheme. In this review, we’ll show you how to distinguish the fake financial service providers from the trustworthy ones.

SevVivos Regulation and safety of funds

When you visit the website of a legitimate broker you can expect to find clear and detailed information about the company that owns and operates it, where it is based and what regulatory regimes it is subject to.

SevVivos does not disclose which company is behind the website. Even the text of the Terms and Conditions does not mention the name of a legal entity.

The homepage of the website claims that the broker is a Cyprus-based and regulated:

But a contact address in the United kingdom is given:

On the website we also see claims of licences from other jurisdictions such as Dubai and the USA:

But the text of the Terms and Conditions lists Vanuatu as the applicable jurisdiction – an offshore zone with no significant regulations.

We do not find a licensed broker using this brand and domain in the registries of the financial regulators in all listed jurisdictions.

The website is available primarily in Russian. This has prompted the Russian financial authorities to issue a warning to investors that SevVivos is not licensed.

If you intend to invest in financial instruments, you should beware of the many fake brokers lurking online. Always check carefully whether the broker you choose really has the necessary licences. There are numerous benefits to working with a company that is truly authorised and supervised by a regulatory institution such as the UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

SevVivos Trading software

After account registration we get access to a basic web-based trading platform. It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested.

While this platform has the basic functionality to place orders, it cannot compare to the capabilities provided by MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

SevVivos Trading instruments

SevVivos offers trading in currency pairs, metals, stocks, commodities, indices and cryptocurrencies. As stated, we have no guarantees that this trading is real. Furthermore, brokers that are truly based in the UK are prohibited from offering trading in crypto derivatives.

SevVivos Spreads and cost of trading

The SevVivos trading software has a spread of only 0.1 pip. Such a “raw” spread means that the broker has to charge some kind of commission. Usually the commission is per lot traded. But SevVivos does not provide information on the price paid by the customer.

SevVivos Maximum leverage

SevVivos offers leverage up to 1:500. Such a high level is not allowed in most of the jurisdictions in which Enton Apy claims to be licensed. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

SevVivos Deposit and withdrawal methods

SevVivos only allows the deposit of funds with cryptocurrencies. This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.

While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

SevVivos Minimum deposit

The minimum deposit required by SevVivos is 150 USD. For the same or often lower amount you can become a client of a licensed and reputable forex broker.

SevVivos Withdrawal requirements

SevVivos does not specify extraordinary conditions for withdrawal. But these types of scams always surprise you with hidden fees and other tricks that prevent you from withdrawing your money back.