STForex Review – Is This Broker a Scam?
In the fast-moving forex market, traders are often tempted by the promises providers make about allowing them to earn high returns and enjoy services at a premium. STForex is a broker that claims to be an honest platform. But recent investigations have unmasked certain alarming facts. This detailed STForex review reveals the bitter truth about the broker and why investors need to stay wary.
Overview of STForex
STForex started operations in 2014 under STForex Ltd. It claims to be offering forex trading services with strong educational and analytical backup. Evgeny Filippov, one of the brand faces, is said to be an expert with great experience in financial markets.
Despite these lofty assertions, the broker has serious questions and doubts as regards its legitimacy, licensing, and overall trustworthiness.
About STForex
Company Name – STForex Ltd
Website – https://stforex.com/
Address – Suite 305, Griffith Corporate Centre, Beachmont, Kingstown,
St. Vincent and the Grenadines.
Regulatory Warning – Not Recommended By Review Website Like Scams Report
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Is STForex Regulated?
The short answer is no, stforex.com is not regulated.
Important Facts:
- STForex used to be registered with SVG FSA (St. Vincent and the Grenadines Financial Services Authority).
- Upon verification, the registration number 22263 is no longer associated with the broker.
- STForex is unlicensed and therefore unsafe for investors.
- Working unregulated means clients’ funds are not safe, and there is no way to get compensated in case of fraud.
Operating without regulatory oversight means that clients’ funds are unprotected, and there is no legal recourse in case of fraud.
STForex WikiFX Score – Danger Sign
On WikiFX, stforex.com has only a 1.55/10 rating, which is a big warning sign. This low score reflects:
- Lack of valid regulation.
- No verified trading platform.
- Too many reports of scam activities.
Especially if there is such a bad rating and high potential for fraud, it is not safe to invest in any way.
STForex.com Review – User Complaints & Negative Feedback
The STForex.com Trustpilot review and other online forums show a widespread sense of discontent among users.
- Some of the most common grievances are:
- Difficulty in withdrawing money.
- Misleading advertisements and false guarantees.
- Accounts are being frozen, and poor customer service.
- High-pressure strategies for further deposits.
Other Concerns:
- Both engagement and traffic to the website are extremely low.
- Several scam websites use the same domain registrar.
- STForex has been flagged by multiple watchdogs for fraudulent activities.
Why is STForex Considered a Scam?
Here are solid reasons why stforex.com is classified as a scam broker:
- No oversight from authorities that are supposed to be trusted.
- Revoked registration with SVG FSA.
- Lack of transparency and missing trading software.
- Dozens of scam allegations by former clients.
- Low ratings on credible review platforms.
- Affiliation with known scam registrars.
Final Verdict: Should You Trust STForex?
From this in-depth STForex review, it is evident that stforex.com lacks the credibility and regulatory backing to be considered a safe broker. Overwhelming evidence indicates that it is a high-risk scam broker. It is strongly advised that all investors refrain from investing in this scam and not risk their funds.
How to Recover Lost Funds from STForex Scam?
So if you have been scammed by STForex, please don’t lose hope. Scams Report provides professional recovery to get you back your lost investments. Their team will walk you through the legal process, chargebacks, and fraud investigations. Years of fighting financial scams, Scams Report offers a Free Consultation to evaluate your case. Don’t let scammers get the upper hand — take action now.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.