SHARON

SHARON is a forex broker that was incorporated in Singapore on 26 August 2019, operating under the official domain sharonsg.com. The firm describes itself as a provider of forex trading services, offering four distinct account tiers that cater to a wide range of deposit sizes and leverage preferences. However, as of the time of this review, the broker's website is non-functional, and no active trading platform or client area could be accessed, which raises immediate concerns about its operational status.

Despite its registration in Singapore, SHARON does not hold any known regulatory licences from recognised financial authorities. This lack of oversight, combined with a dormant web presence, makes it difficult for potential clients to verify the broker's legitimacy or conduct proper due diligence. Our assessment is based solely on records obtained from corporate registries and industry databases, as independent public information is virtually non-existent.

SHARON is an unregulated broker, meaning it is not supervised by any major financial regulator such as the Monetary Authority of Singapore (MAS), the Financial Conduct Authority (FCA), or the Cyprus Securities and Exchange Commission (CySEC). The absence of a regulatory licence is a significant red flag for traders, as it means there are no external checks on the firm's financial practices, client fund segregation, or dispute resolution mechanisms.

For traders considering this broker, the lack of regulation implies that client deposits are not protected by any investor compensation scheme. In the event of insolvency or malpractice, recovering funds could prove extremely challenging. Our review strongly advises caution, as the combination of an unregulated status and an inactive website suggests a high-risk environment that may not be suitable for serious retail traders.

According to the known facts, SHARON offers four account types: Mini, Standard, Pro, and ECN. Each tier is designed to accommodate different levels of capital and trading experience. The Mini account requires a minimum deposit of just USD 10 and offers a maximum leverage of 2000:1, making it accessible to beginners or those with limited funds. The Standard account increases the minimum deposit to USD 500 and reduces the maximum leverage to 1000:1.

The Pro account demands a minimum deposit of USD 2000 and offers leverage up to 400:1, while the ECN account is the most capital-intensive, requiring USD 20,000 and limiting leverage to 100:1. These account structures suggest an attempt to attract traders across the spectrum, from novices to high-net-worth individuals. However, without a functioning website or client portal, it is impossible to confirm the actual trading conditions, spreads, or execution quality associated with these accounts.

The known facts indicate that SHARON likely offers only forex as a market instrument, with no mention of CFDs on indices, commodities, stocks, or cryptocurrencies. This narrow product focus may limit opportunities for traders seeking diversification beyond currency pairs. The broker's claims about its instrument range cannot be verified due to the inactive website, but industry records do not list any additional asset classes.

For traders who prefer a multi-asset broker, SHARON's apparent restriction to forex alone could be a drawback. Moreover, the lack of transparency regarding contract specifications, pip values, and margin requirements adds to the overall uncertainty. We recommend that traders seek brokers with clearly published instrument lists and regulatory oversight.

SHARON was founded on 26 August 2019 and is registered at an address in Singapore: 60 Paya Lebar Road, Paya Lebar Square, Singapore 179360. This address corresponds to a commercial building, but there is no indication of an office or physical presence beyond the registration. The company's name and structure are not associated with any well-known financial group.

Given that the website is currently unfunctional, the broker appears to be dormant or possibly out of business. No information is available about its founding team, management, or corporate history. For traders, this complete lack of operational transparency is a major concern, as it prevents any assessment of the broker's reliability or long-term viability.