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Online Trading Platform Steer Index Warned as Fraudulent Company by Seychelles Regulator
On October 28, the Financial Service Authority of Seychelles alerted the public to beware of the unlawful website "https://steerindex.com/".
The unauthorized website referred to itself as an online trading service provider named Steer Index Ltd and offered several different kinds of financial instruments such as Forex, commodities, stocks, indices, and cryptocurrencies.
The statement below the website indicated that Steer Index is authorized in Seychelles by the FSA and the Central Bank of Curaçao and Sint Maarten (CBCS).
The screenshot of Steer Index's website
However, the financial regulator in Seychelles gave a totally different answer.
According to the regulator, Steer Index Ltd operated financial services businesses without a licence issued by the FSA.
It also emphasised that the broker is not linked to any licensed entities.
The Seychelles regulator reminds investors to fully review financial services providers before conducting any transactions with them.
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