Sterling FX Trade – Production Line Scam With Apaling Website

Sterling FX Trade runs a scam website that is so hideously buggy and incomplete, you’ll find yourself wondering how anyone could ever invest here. While having nothing truly valuable to offer, they’re well versed in false promising and feeding you lies. What’s even worse, the site isn’t even theirs to begin with! Random mistakes on the site point at the website skeleton being copied from a known scammer – Capitals Hill Investment. 

How these swindlers attempt to fool victims into investing and how to protect your funds from falling into the trap are some crucial pieces of information you can find in the following Sterling FX Trade review. 

Unregistered and Unregulated

Sterling FX Trade is not in the least convincing with their bad english and typos all around. A properly regulated US firm doesn’t sound like this con in the least. The address that Sterling FX Trade website provides came up blank – no financial firm is registered there. We also found no trace of Sterling FX Trade in the NFA members list of financial services providers regulated by CFTC in the US. 

Furthermore, Sterling FX Trade doesn’t appear in the registers of FCA, ASIC, CySEC, BaFin, FINMA and CONSOB, either. By all means, this broker is unregulated by any financial watchdog. That means there’s no proper protection of funds, security standards, transparency, risk-reduction and AML measures implemented. 

This sham doesn’t differ from any other offshore set up, just like 12Trader. So stay away!

Most Hunted Victims

Sterling FX Trade is very sneaky where they should be fully transparent. You see, their website and boiler room sellers are confidently claiming that investors will have a solid technological base to trade on. Yet they do not clarify a single parameter! 

Advertised as a unique platform, Sterling FX Trade supposedly also provides security, stability of protection, instant transactions and the lowest of fees. The reality of it is that this all serves as a way to get you to invest and swindle you out of your money. We’re at your service if you need help in restoring your funds.

If you’re trader from the following countries, you should be especially careful if ever approached by any of the Sterling FX Trade scam agents:

• United States
• United Kingdom
• Australia
• Canada

Costs and Fees at Sterling FX Trade

One of the major red flags you detect instantly are the shady circumstances surrounding all the expenses at Sterling FX Trade. Not even the basic trading parameters are available, either from the site or from the user area. The website claims to be fully transparent, yet they do not make any of the costs visible. Additionally, public legal docs do not exist. Quite similar to other Forex trading scams like Forex48. 

Insufficient and Incomplete Offer

Sterling FX Trade has a defective and nonfunctional trader to offer. Instead of the promised MT5, you won’t find anything but TradingView charts. Even the trading instruments are the general, most traded groups of financial products tracked on TradingView.com. 

Trading on this fake terminal is, by all means, impossible. Further offers should include crypto mining and binary options trading. Not a single page leads to these terminals or more information. 

Bogus Terminal For Platform

All that Sterling FX Trade offers you to “trade” on is a fictitious platform that is completely unresponsive and unmoving. The TradingView chart is only borrowed to leave an impression of something going on in the user area. No real-time market tracking, customizing charts or placing trades are available functions. 

What deepens our bad impression further is that the “Trade Center”, whatever that is, is completely inaccessible. When you try to open it from the user panel, a blank page opens and nothing happens. That tells you enough about how much trading and profit making is being conducted here! Naturally, mobile app isn’t available.

TradingView Assets

We suspect that Sterling FX Trade doesn’t provide any kind of financial instruments for trading. The products you see listed on the TradingView chart do not have to be provided by the broker. Either way, these instrument groups are mentioned:

• Forex (EUR/USD, EUR/GBP, USD/CHF, JPY/PLN)
• Stocks (Tesla, Apple, Nvidia, Meta Platforms, Netflix)
• Funds (SPY, QQQ, IWM, TQQQ, TLT, XLE, SOXL)
• Futures (ES, NQ, BANKNIFTY, CL, NIFTY, GC, YM)
• CFDs (on Metals, Indices, Commodities)
• Crypto (BTC, ETH, LTC, ETC, BNB, DOT, DOGE, SOL)
• Bonds (US10Y, US02Y, US30Y, JP10Y, GB02Y)

Account Types – What Do They Sell?

Sterling FX Trade sells three types of accounts, or what they call “Exclusive Plans”:

• Starter – $500
• Silver – $5 000
• Gold – $15 000

Nothing exclusive about these plans, not even the glimpse of their offer. The validity of each plan is only 7 days. We assume that after those 7 days pass, you’d have to invest again. Each of the accounts supposedly includes a trading robot and MT5. Neither of them appeared in the user area after we made an account. 

Impossible Referral Program Profit

You must be familiar with at least one illicit broker offering you a certain percentage of commission for every payment your referral makes. Well, Sterling FX Trade goes a step further. These con artists promise a $1,000 reward every time your referral verifies their sign in. This is a shameless fabrication, to say the least.

Impossible Withdrawals

Legal docs are a myth with this one. As if they’re illegal, not mandatory to have, Sterling FX Trade doesn’t have a single document published on their bogus website. Withdrawal Policy doesn’t give you options and a thorough explanation on how the process works in detail. The taxes that incur are also unknown. 

If you want to initiate the process you could supposedly do so from your client zone. The only methods available are, of course, crypto currencies. Shady and irreversible, these impose a serious threat to safe and transparent monetary transfers. 

Unresponsive Customer Support

Sterling Fx Trade Customer Support is completely inaccessible, unless you use a Live Chat. This Live Chat option is not available at all times, and you will usually be only greeted by a bot.

Since you need to put in email, phone number and a name, a customer service agent won’t even bother replying most of the time. When the agent does answer, they don’t try to solve your issue, but solicit more purchases instead.

How To Deal With Sterling FX Trade Scam?

Although the realization about being scammed could cause intense stress, we advise you to stay calm. If the fraudster is persistent in not letting you withdraw your investment, contact us for possible solutions. Our team of chargeback experts can help you with free advice and an action plan. 

So, don’t wait and despair. Reach out through our Online Chat and you’ll be immediately connected with the first available agent. Time is crucial if you want your hard-earned cash back. 

FAQ Section