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Stellarfx Review – Find Out More About Stellarfx.Io
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Stellarfx Review, If you are interested in foreign exchange markets, you will face some challenges. Indeed, the biggest one is the credible threat of scam brokers. They pretend to be a legitimate business to build people’s trust and rope traders into investing. Whatever you do, please stay away from the Stellarfx broker. This bogus brokerage firm is a trading name of Eudaimon Consulting LLC, based in Saint Vincent and the Grenadines. Both entities can be found in a fraudsters list issued by numerous financial authorities. Besides that, this phony broker operates unlicensed and unregulated, rendering unprofessional services based on deception. Please go through the following Stellarfx review to find out more about stellarfx.io.
|Minimum Deposit||250 EUR|
Stellarfx Financial Safety and Compliance
When it comes to financial safety and compliance, Stellarfx poses the highest risk to your finance. As a proven investment scam exposed by many watchdogs, this shady brokerage firm will undoubtedly defraud you. Likewise, as an unlicensed brokerage company, Stellarfx doesn’t adhere to any legislation. This means it doesn’t minimize the risk associated with trading but raises it. Thus, you can’t expect funds protection and risk management mechanisms like negative balance protection, segregated accounts, or compensation schemes.
As said, Stellarfx is not authorized to deliver services anywhere. It is registered in SVG, one of the jurisdictions without regulating forex markets, a safe haven for offshore-based scam brokers. Moreover, it is a notorious broker involved in fraudulent trading activities. Together with its holding company, Eudaimon Consulting (which is also behind other scammers: aceinvesting.io and tradingtech.io) is blacklisted by the German BaFin, Italian CONSOB, Spanish CNMV, Portuguese CNMV, Austrian FMA, Belgian FSMA, and Dutch AFM.
Rather than taking chances with unauthorized brokers, you should invest with licensed companies regulated by the British FCA, Australian ASIC, or Cyprus CySEC, among others. Trading with legit businesses carries many benefits, ranging from profitable environments to money safety. For example, FCA-accredited UK-based brokers cover traders with an 85,000 GBP indemnification program.
Available Trading Platform
On the point of trading software available at Stellarfx, it is a web trader, which implies that it is an internet-based trading platform. So, there is no dedicated mobile trading app or desktop program. Not only that, the Stellarfx web trader has a limited offer of trading tools and can’t be in the same league with the latest trading systems such as MetaTrader 4, MetaTrader 5, cTrader, and Sirix. They are based on state-of-the-art technology, are user-friendly, and are accessible from different devices. Likewise, their advanced features like stop loss, copy trading, and automated trading guarantee safe and profitable trading.
Account Options Offered by Stellarfx
Speaking of the types of accounts provided by Stellarfx, this financial swindler offers three options presented below.
- Bronze: 250 EUR starting deposit, spreads from 0.2 pips, 1:100 leverage, 5% welcome bonus;
- Gold: 500 EUR starting deposit, spreads from 0.1 pips, 1:300 leverage, 25% welcome bonus;
- Platinum: 1,500 EUR starting deposit, spreads from 0.0 pips, 1:600 leverage, 30% welcome bonus.
As you can notice, a minimum deposit at Stellarfx is 250 EUR, which is too much considering the poor reputation of this broker. What is more, you can open a live trading account for less than 10 EUR with some of the most trusted brokerage companies. Regarding terms of exchange, a maximum leverage ratio of 1:600 is against regulations in most jurisdictions. Although leverage is a handy tool for earnings, it is risky and requires skills. That is why it is limited for retail traders in some markets (e.g., in the EU and UK, it is 1:30). Scam brokers set a hefty leverage ratio to entice traders. They also fabricate spreads to appear ultra-low and offer generous bonuses to lure traders.
So, if you want higher leverage, genuine promotions, and fair conditions, you should choose a licensed forex provider.
Trading Instruments and Markets
In connection with what can be traded on at Stellarfx, this bogus broker allegedly offers access to over 200 markets. The overview of trading instruments is as follows.
- Shares: HSBC, JPMorgan Chase, Wells Fargo;
- Indices: S&P 500, US100, DOW30;
- Forex: EUR/USD, NZD/JPY, GBP/CHF;
- Energies: natural gas, crude oil, electricity;
- Agriculture: coffee, wheat, corn;
- Metals: gold, silver, copper.
Even though you might be able to trade with the foregoing tradable assets here, don’t forget that Stellarfx is a plain rip-off.
Deposit and Withdrawal on Stellarfx
In relation to the deposit and withdrawal process on Stellarfx, it is smoke and mirrors. Despite the fact that this fraudster promises various funding methods (credit/debit cards, wire transfers, and electronic wallets), only crypto payments are accepted. By doing so, victims are not able to cancel transactions. As for refunds, they can’t be done without professional help, but more on this in the next section. Concerning withdrawals, be aware that there are no money withdrawal guarantees with a broker scam.
How Do I Get My Money Back After Stellarfx Scammed Me?
In case you are a victim of the Stellarfx scam, you should know that getting your money back is possible. The chargeback process depends on the means of payment. For instance, VISA and Mastercard offer a repayment, but you must apply for cashback within 540 days. Likewise, a bank transfer can be terminated until a transaction is approved. Lastly, fraudsters insist on depositing through crypto wallets because they are difficult to reverse. Nonetheless, our cyber security specialists can assist you with any type of chargeback. So, contact our company for more details.
In the conclusion of the Stellarfx broker review, this unscrupulous broker holds no license or regulation; in other words, it operates illegally. On top of that, several financial market regulators warn against Stellarfx. If this is not enough to steer clear of this online trading scam, its unfavorable environment and pack of lies will definitely be. Lastly, don’t trust positive Stellarfx reviews manipulated to draw your attention.
FAQs About Stellarfx Broker