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SEC Public Alert: Statonfxc is an Unregistered Soliciting Forex Entity

2022-05-18 Brokersview

Online trading scams tend to display profitable profits that give investors a false sense of easy money-making. Once the investors are cheated by the false sense, they will invest more money to earn greater returns. At last, they will lose all their trading money. BrokersView recently learned an unlicensed forex broker StatonFxc is using this tactic to scam investors.


Investment plans with up to 99.5% profit after a week

StatonFxc offers investment plans with different profits. As you can see, it promises 30.50% profit after a week, 50.5% profit after a week, and 99.5% profit after a week.  

As for how to make the amazing returns, it mentions no details. If you think carefully, you will know StatonFxc is just a fraud, targeting people who are not yet familiar with the specifics of trading, and are tending to make a quick money.

 

A new company

The entity shows it was launched in 2014 and has been reputed globally by top brands in the industry all over the world. However, domain check results showed its domain(https://statonfxc.com/) was newly created in June 2021.


An unregistered forex broker in the US

StatonFxc claims it is licensed and regulated to offer investors access to trade forex, stocks, ETFs, binary options and cryptocurrency, but actually it has no authorization to do so.

Headquartered in the TX, US, StatonFxc must be registered as a futures commission merchant and foreign exchange dealer with the CFTC and to be a member of NFA as US-based reliable forex brokers do. However, no results matched with StatonFxc on the two regulatory bodies.


SEC Public Alert - StatonFxc is an unregistered soliciting entity

Apart from the above information, the US SEC released a public alert that StatonFxc falsely claims to be registered, licensed, and/or located in the United States in their solicitation of investors.

Based on the above information, we can conclude that StatonFxc is a scam.

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