ANSWER No, SAMSTAR CAPITAL is not safe for investors.SAMSTAR CAPITAL is a scam trading platform who typically claims to be regulated by various regulatory bodies but fails to give any detailed regulatory information. On its website, it attempts to build credibility by the assertion that it is under the oversight by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB), and the Financial Sector Conduct Authority (FSCA). However, our extensive searches for the company in the registers of the abovementioned regulators didn't find any matching results. It is, not surprisingly, a fraudulent platform.Therefore, we strongly suggest investors stay away from SAMSTAR CAPITAL. Without regulatory oversight, individuals dealing with it are vulnerable to fraud and identity theft. To protect them from such disasters, investors are advised to choose fully regulated brokers.
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