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GStyx Group (STYXTrade Group)

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Operating status: SCAM

Website: https://styx-trade.org/

Broker violations and abnormal records
  • 2023-07-24 The Germany BaFin issues a warning against GStyx Group (STYXTrade Group)

    On July 25, 2023, the Federal Financial Supervisory Authority (BaFin) issued a warning against GStyx Group (STYXTrade Group), saying it is providing financial and investment services via the website without the required authorisation and is in no way connected to the company Stockstech Investments Limited, an authorised firm by the CySEC. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_07_20_styxtrade_en.html

    On July 25, 2023, the Federal Financial Supervisory Authority (BaFin) issued a warning against GStyx Group (STYXTrade Group), saying it is providing financial and investment services via the website without the required authorisation and is in no way connected to the company Stockstech Investments Limited, an authorised firm by the CySEC. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_07_20_styxtrade_en.html
  • 2023-07-26 BrokersView has reviewed that GStyx Group (STYXTrade Group) is an unregulated broker

    GStyx Group (STYXTrade Group) claims it is licensed by the Cyprus Securities and Exchange Commission (CySEC). However, the Federal Financial Supervisory Authority (BaFin) warns consumers about the website styx-trade.com, saying it is providing financial and investment services via the website without the required authorisation.

    Furthermore, the German financial regulator has confirmed that the CySEC-authorized firm Stockstech Investments Limited is in no way connected to GStyx Group (STYXTrade Group). This appears to be a case of identity theft.

    In essence, GStyx Group (STYXTrade Group) is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    GStyx Group (STYXTrade Group) claims it is licensed by the Cyprus Securities and Exchange Commission (CySEC). However, the Federal Financial Supervisory Authority (BaFin) warns consumers about the website styx-trade.com, saying it is providing financial and investment services via the website without the required authorisation.Furthermore, the German financial regulator has confirmed that the CySEC-authorized firm Stockstech Investments Limited is in no way connected to GStyx Group (STYXTrade Group). This appears to be a case of identity theft.In essence, GStyx Group (STYXTrade Group) is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-09-24 The CNMV adds GStyx Group (STYXTrade Group) to its warning list

    On September 25, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added GStyx Group (STYXTrade Group) to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On September 25, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added GStyx Group (STYXTrade Group) to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

Related Complaints

Q&A

Is the 100% deposit bonus they offer real??

Carly Light
France
2023-08-16
ANSWER The 100% deposit bonus offered by GStyx Group (STYXTrade Group) couldn't be real and it is likely to serve as a bait to hook unsuspecting investors. GStyx Group (STYXTrade Group) is a fraudulent platform, as evidenced by the warning from the Germany's financial regulator.GStyx Group (STYXTrade Group) claims it is licensed by the Cyprus Securities and Exchange Commission (CySEC). However, the Federal Financial Supervisory Authority (BaFin) has confirmed that the website styx-trade.com is providing financial and investment services via the website without the required authorisation. Furthermore, BaFin believes it is a case of identity theft as the CySEC-authorized firm Stockstech Investments Limited is in no way connected to GStyx Group (STYXTrade Group). You can refer here for the full warning.Due to its apparently fraudulent nature, we strongly suggest you avoid GStyx Group (STYXTrade Group). Once your money and personal information enter this platform, there are no rules to prevent fraud or theft. A fully regulated one can be a better alternative.
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