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SDSTARFX

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Operating status: SCAM

Website: https://sdstarfx.com/

Broker violations and abnormal records
  • 2023-09-20 The UK FCA issued a Warning against SDSTARFX

    On 20 September 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SDSTARFX was providing financial services or products in the UK without authorisation. You may visit:https://www.fca.org.uk/news/warnings/sdstarfx

    On 20 September 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SDSTARFX was providing financial services or products in the UK without authorisation. You may visit:https://www.fca.org.uk/news/warnings/sdstarfx
  • 2023-09-20 BrokersView has Reviewed that SDSTARFX is an Unregulated Broker

    Update on July 30, 2024:

    SDSTARFX currently claims to be authorized by Mwali International Services Authority (MISA). However, there are no corresponding records in the MISA's register. Therefore, the claim is false.


    Historical records:

    SDSTARFX claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. 

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SDSTARFX was providing finacial services or products without authorisation.

    In addition, SDSTARFX claims regulated by Financial Services Commission, Mauritius (FSC) (License No GB22201253 ). However, there is no matching information was found in the FSC.

    The truth is that SDSTARFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    SDSTARFX is a scam.

    Update on July 30, 2024:SDSTARFX currently claims to be authorized by Mwali International Services Authority (MISA). However, there are no corresponding records in the MISA's register. Therefore, the claim is false.Historical records:SDSTARFX claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SDSTARFX was providing finacial services or products without authorisation.In addition, SDSTARFX claims regulated by Financial Services Commission, Mauritius (FSC) (License No GB22201253 ). However, there is no matching information was found in the FSC.The truth is that SDSTARFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.SDSTARFX is a scam.

Related Complaints

Q&A

sd star fx real or fake?

Liza Bradshaw
Bangladesh
2024-07-30
ANSWER SDSTARFX appears to be a scam.This broker previously claimed to be regulated by the Mauritius Financial Services Commission (Mauritius FSC) and now asserts it is licensed by the Mwali International Services Authority (MISA). However, our search in the registers of both authorities found no corresponding records, indicating that SDSTARFX's claims about its regulatory status are false.Additionally, the UK's Financial Conduct Authority (FCA) has added SDSTARFX to its warning list for providing financial services in the UK without the required authorization. This warning is significant evidence of the firm's non-compliance.Given these findings, SDSTARFX is untrustworthy. We strongly recommend avoiding this broker to protect your funds from potential fraud schemes.
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I want to know about SDSTARFX's licenses please.

Vladislav Kozera
Dominica
2023-10-10
ANSWER SDSTARFX operates without the required licenses in forex trading.SDSTARFX pretends to be a trustworthy company by claiming to be licensed by the Mauritius Financial Services Commission (Mauritius FSC). However, our search for it in the register of Mauritius FSC didn't return any records, suggesting that it is not licensed.Furthermore, the United Kingdom Financial Conduct Authority (FCA) has warned that SDSTARFX is offering financial services or products without their authorization. The full warning can be accessed here. It proves that this platform does carry on unlicensed investing activities in some certain jurisdiction.Therefore, SDSTARFX is not regulated by any regulators. It is risky to let it handle or manage investors' money, and the money can not be safeguarded by any laws. To mitigate such substantial risks, we strongly suggest investors steer clear of SDSTARFX and instead opt for a fully regulated broker.
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