STX Brokers is one of the shadiest and weirdest brokers we’ve had a chance to review. Compared even to offshore companies that we don’t think of as trustworthy, the STX Brokers scam is one step ahead.
Don’t take our word for it. Read this review until the end and check for yourself!
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||N/A|
|Supported Platforms:||MT5, web trader|
|Types of Assets:||N/A|
|Free Demo Account:||No|
|Accepts US clients:||No|
STX Brokers Regulation and Security Details
First of all, we found no information on the owner or headquarters of this illicit operation. It was an immediate red flag since you have nowhere to complain if you have any issues. Besides, there are no indications related to the regulation number and more, meaning this broker is not regulated.
It’s likely based in one of the safe-haven countries and has no intentions of paying out clients after all. Lately, we’ve seen many new brokers established within the previous year that are doing a so-called “hit and run” scheme.
They would scam thousands of clients, take their funds, and simply close the website. Beware of the STX Brokers scam!
Fund Withdrawal Issues With STX Brokers
Since the broker has no regulation, fund withdrawals are not guaranteed. Once you invest your money with such, there’s no authority body that could back you up if you’re scammed. No compensation funds can be used for your reimbursement. That’s why we always advise anyone to start trading with Tier1 regulated brokers.
However, if you were already involved with STX Brokers and cannot withdraw your funds, there is a solution. According to STX Brokers reviews, many have been in your place. You need to file a dispute and request a chargeback. Remember that you can do so up to 540 days from the fraudulent transaction, so make sure to start on time.
Contact us for any necessary assistance!
Traders About Forex Trading Scam
Since most STX Brokers traders have withdrawal issues, there’s nothing nice they could say. Besides this problem, they report that downloading an MT5 is impossible, leaving you with a broker’s proprietary web trader. Of course, this is the least secure way to trade since the company can access your funds at any time. Beware of it and avoid trading scams.
How To Know If You Have Been Scammed?
Obviously, if you cannot withdraw your funds, you know you will be scammed. However, before you get to this point, pay attention to more subtle signs. If a broker’s employees are constantly pressuring you to invest more and are not letting you submit withdrawal requests or your account access has been suspended, there is a high chance that you’ve been scammed. If you notice any trades that you never opened yourself, your money is at high risk.
Whatever suspicious activity you notice, let us know immediately.
Scammed by STX Brokers?
If you were scammed by STX Brokers, let us know. Our customer support team will book a free consultation with a chargeback specialist so that you can understand the entire process. Don’t let scammers run away with your hard-earned money. Take action now, and let’s get your money back before it’s too late.
What is STX Brokers?
STX Brokers is an online trading platform without financial regulation.
Is STX Brokers a scam broker?
Yes, STX Brokers is a scam company that doesn’t let clients withdraw their funds.
Is STX Brokers regulated?
No, this trading company has no financial regulations whatsoever for providing financial services.