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Stellarfx Review – Reasons To Avoid Stellarfx.Io

Stellarfx Regulation and Funds Security

Stellarfx claims to be a UK-based company that offers you the possibility to invest in forex and CFDs. The truth on the other hand is very much different since they have put in the Terms and Conditions that they are a company based in St. Vincent and Grenadines.

That alone raises a suspicion that they are nothing more than another online investment scam just looking to take your money.

In this honest and in-depth Stellarfx review, we will tell you all the needed information regarding this company and why you should stay away.

Company Stellarfx
Website Stellar FX – A better way to start trading
Address First floor, first St, Vincent and Grenadines Bank LTD building, James street Kingstown, St. Vincent and Grenadines
Email [email protected]
Phone N/A
Minimum Deposit $250
Leverage 1:100
Bonuses Yes
Regulation Unregulated
Warning BaFin and CONSOB

Stellarfx Regulation and Funds Security

StellarFx broker review

It’s funny how Stellarfx claims to be a fully regulated broker and that it offers you incredible trading opportunities. In reality, they are an unregulated company that has two warnings issued against them.

As we have mentioned above, St. Vincent and Grenadines is the perfect place for any scam broker to operate, since the local financial authority does not regulate forex brokers. So, as a result, local brokers do not have to answer to anybody or face any sort of requirements.

On top of that, Stellarfx has two scam warnings issued – one by the Italian regulator CONSOB, and one by the German regulator BaFin.

This surely means your funds are not safe in case you invest with them. If two respected financial regulatory bodies have considered the broker dangerous enough to issue a warning on it, you should definitely think twice before investing any sort of money. That’s why we suggest you look for regulated brokers who haven’t violated any terms and conditions.

Trading Platform Supported Overview

We were pleasantly surprised when we saw that the Steallarfx actually offers decent trading software. Although the software is real and decent, it does lack many functions to it.

The main problem whit such a platform is that it would get boring quickly since the trading industry can do a lot better when it comes to efficient, intuitive software.

So, in case you are looking to start your trading journey, we do recommend you find a broker that will provide you with MT4 and MT5 since they are industry standard by now.

Funding Methods Available at Stellarfx

Stellarfx has the possibility to fund your account through the following methods:

  • Visa or Master debit or credit card
  • Wire transfers
  • Cryptocurrencies

Although we don’t find these methods bad, after we tried to activate the account with them, the only available option was through cryptocurrencies. This makes us wonder are those other options are even available.

When it comes to activating your account through cryptocurrencies, it’s not necessarily a bad thing, but it’s well-known that many illicit brokers use this option to scam people. That is because once you activate your account through any crypto, you will not be able to ask for a refund.

And on that subject, we have also found many client complaints regarding withdrawal issues. They have stated they are unable to withdraw their money, they ask agents for help. Many of the customers said that agents become pushy and try to force them not to do so and if they continue being persistent about it, agents just disappear.

We do advise you to find a company that doesn’t have any complaints made against the broker and where your funds are going to be safe. In case you have been scammed by Stellarfx or any other fraudulent broker alike, don’t feel embarrassed. Getting your money back is possible!

How the Scam Is Undertaken

Like many scam brokers, Stellarfx will make an ad where they will state people have made huge amounts of money by investing with them and using their trading software. Once you have your details, that’s when the scheme tactics begin.

The company’s agents will start by sending you emails which then will turn into constant phone calls. When they get you on the line, agents will do anything and everything in their power to get you on board. And of course, the more you invest the more you will make.

Don’t fall for those cheap tricks and always do the needed diligence and research before you invest.

Stellarfx Summary

In this Stellarfx review, we gave you all the needed information regarding this broker and why you should stay away. Not only are they offshore brokers but they are also pretending to be regulated.

Surely dealing with such a company is not good. And not to mention there are many complaints regarding the broker and the withdrawal as well.

We do advise you to stay away from them since you would be putting yourself and your funds at risk.

FAQs About Stellarfx Broker

Is Stellarfx Offer a Demo Account?

No. Stellarfx is not offering a demo account. You will have to start with the bronze one.

What Is The Minimum Deposit at Stellarfx?

They have stated on their website that the minimum deposit is 250$.

What Instruments Are Available for Trading with Stellarfx?

Stellarfx gives you the possibility to invest in forex, shares, and indices.

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