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ST5

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Operating status: SCAM

Website: https://app.st5s.com/#/

Broker violations and abnormal records
  • 2023-09-21 BrokersView has reviewed that ST5 is an unregulated broker

    ST5 doesn't even bother to build a webiste for PC. It only has a shoddy app platform to simply show some product information. 

    This platform fails to disclose any details about its regulatory status, which is a significant scam indicator. Even worse, it is not upfront about its operator. Please think long and hard before making an investment decision when a platform is concealing such information.

    In essence, ST5 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. 

    ST5 is unequivocally a scam.

    ST5 doesn't even bother to build a webiste for PC. It only has a shoddy app platform to simply show some product information. This platform fails to disclose any details about its regulatory status, which is a significant scam indicator. Even worse, it is not upfront about its operator. Please think long and hard before making an investment decision when a platform is concealing such information.In essence, ST5 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. ST5 is unequivocally a scam.
  • 2023-10-17 BrokersView warns the public to avoid apps provided by ST5

    Victims of ST5 exposed that they were required to use the following applications to trade, which are not listed on any official app store. The only source for investors to get these apps is scammers who provide them with the installation package. Attached are the logos of the unlawful apps. Please stay away from them.

    Victims of ST5 exposed that they were required to use the following applications to trade, which are not listed on any official app store. The only source for investors to get these apps is scammers who provide them with the installation package. Attached are the logos of the unlawful apps. Please stay away from them.

Related Complaints

Q&A Complaints

What products can I choose in ST5?

Omiros Clausing
Norway
2023-10-26
ANSWER We strongly suggest you steer clear of ST5. It is a fraudulent trading platform that has swindled money from numerous victims.ST5 has no website for PC users. It only offers a poor app platform that barely displays some product information.This platform does not reveal any information about its regulation status, which is a big sign of a scam. Moreover, it hides the identity of its operator. Please be very careful and steer clear of those platforms that keep such secrets.What's more, according to the complaints lodged by ST5 victims, the only way for them to access its trading apps, which are not available on any official app store, was to get the installation package from the fraudsters who offered them.All these are red flags for a scam. As such, regardless of how enticing deals ST5 offers, investors should stay away from it at all costs.
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5 comments

SCAMMED BY ST5
I was contacted by them through WhatsApp, and initially, they requested $200.00 as an initial investment, promising free trades in return. I transferred the $200.00 to them. After two weeks, I received a message from them stating that I needed to maintain a minimum balance of $30,000 to gain access to VIP membership and continue trading with ST5-VP1 privileges. At that point, I had earned around $22,000, so I wired them an additional $1,000. However, they then demanded an additional sum of approximately $7,000.00, which I sent via crypto.com to upgrade to VIP1. I was granted access to ST5-VP1, but...!!!! When I attempted to withdraw some of my earnings, they refused to release any funds unless I sent them an additional $5,000, citing system detection issues as their excuse. This fraudulent operation involves individuals who go by the names Cindy and Jason Thomas. It appears that they manipulate the price of the chart they provide (IMO), making it seem lower than the actual crypto price. Their prices do not match the actual site from all the other sources.This trick IMO causes people to invest, driving up the price as the chart starts at a lower point. It's essential to report this scam to the FBI or the appropriate authorities responsible for investigating such crimes. These scammers are defrauding hundreds of individuals! Please be cautious and do not trust anything they say. Keep records of your WhatsApp conversations as evidence of the scam.The app they operate under is called STMAX APP.Message received:The app shows STMAX APP= online service XRead= online service 01:20 PM"Hello, your withdrawal reviewfailed. During the process ofwithdrawing funds for you, thesystem detects that the loginenvironment of your account isabnormal and there is a risk ofbeing stolen. Since your depositwallet address and withdrawalwallet address are inconsistent, therisk control system temporarilyfreezes your account. For the safetyof your
2023-10-05
2
Reply
Denis Ribeiro
It’s 100% scams I lost +200k
2023-12-05
Reply
Denis Ribeiro
I had the some issue first they requested $500 and 5k and then 20k +50k ,100k and then 200k and they make seem that I was making great profits Emily even told me that she was going to lend me 20k and then 30k well she did some how but the the platform ST5 max and when I was going to withdraw some money she disappeared and I couldn’t contact them anymore this a scam my money went to hong Kong the $200,000+ is goneI did the police report and bank recall but into now no refund has been made to my account yet I’m very disappointed with all this situation because I basically put all my money in this platform as investment and i hope that no one will do business with this people ST5Max it’s 100% a scam please don’t fall for this I learn my lesson big time
2023-12-05
Reply
SCAMMED BY ST5
scam!!!!!!
2023-10-17
Reply
선주남
이 앱을 실행하니제가사기당한 farmaxprime 이 연결되네요조심하세요!출금이 제한됩니다
2023-10-02
Reply
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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