This Sturdy-FX review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
Sturdy-FX Broker Overview
- Website: https://www.sturdyfx.com/m/
- Website Availability: YES
- Headquarters Country: Unitied States
- Owned By: Sturdy-FX
- Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
- Domain Age:
- Name: STURDYFX.COM
- Registry Domain ID: 2766536378_DOMAIN_COM-VRSN
- Registered On: 2023-03-20T16:23:50Z
- Expires On: 2026-03-20T16:23:50Z
- Updated On: 2025-01-05T18:49:02Z
Accessed from the site https://www.sturdyfx.com/m/, Sturdy-FX is an online forex trading platform. They say they have a range of trading services that could benefit investors in profits. However, several things come concerning this broker.
No Regulating Information
A really important factor while checking for the legitimacy of a forex broker is their regulatory status. But that does not seem to be the case with Sturdy-FX; it has not registered with any regulating authority. The risk of investing with companies that are not licensed by your local regulator is very high. Otherwise would mean that investors would have limited power and means to stay protected in times of disputes or malpractices.
Operating Without Authorization
Running without proper authorization is serious in the financial industry. Sturdy-FX’s lack of regulation shows that it may be trading without even the necessary approval. To add more, it is against the financial laws and exposes the investors to fraud and loss of funds.
User Complaints and Warning Signs
So many user complaints have been coming up regarding Sturdy-FX operations. Informed reports include issues of clients failing to withdraw their cash and they are usually subjected to fees continuously without any successful withdrawals. Some users report, “Supposed to make a profit by this time, no withdrawal, just ongoing fees you have to pay and no withdrawal done. DO NOT TRADE WITH STURDY FOREX.” To compound such issues, ScamAdviser, a site that shows online ratings of fraud, has rated Sturdy-FX with a very dismal trust score for reasons such as hiding the identity of the owner of the site and for having negative reviews.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is Sturdy-FX Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of Sturdy-FX Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from Sturdy-FX Broker?
If you got scammed by Sturdy-FX Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
About Fraud Recovery Experts
Fraud Recovery Experts offer assistance to financial fraud victims in recovering their money. Our team of specialists works alongside banks and legal authorities to trace fraudulent transactions and assist them in the process of recovery.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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Stay informed and trade wisely!