General Information About the Broker
SturdyFX.com offers trading in forex, CFDs, crypto, and commodities. Their site promises bonuses and global access. WHOIS data shows registration on March 20, 2023. So their platform appears very new. They claim “globally licensed & regulated,” yet provide no license number. That discrepancy raises serious concerns.
Claimed Licenses and Regulation
Sturdy FX claims regulation under ASIC and U.S. authorities. Yet no valid license appears in ASIC or NFA registrie. WikiFX and BrokersView label it unregulated and unsafe. These facts indicate no real oversight and elevate investor risk.
Trading Conditions
Sturdy FX advertises tight spreads, fast execution, and high leverage. However, specific account details are missing. They promise leverage up to 1:500 and DMA access. Users also mention promised T+0 settlement and UK stamp duty exemption. Yet actual conditions are vague. These hidden terms greatly harm transparency.
Trading Platform and Technology
The broker does not specify trading platforms like MT4 or MT5. Demo access is not publicly offered. Platform performance and reliability remain unclear from site content. That lack of transparency suggests weak technology support or hidden limitations.
Client Reviews and Feedback
Trustpilot shows only two reviews, both scoring one star. Lycan Retrieve reports many users losing funds and facing blocked withdrawals. WikiFX exposure notes profits vanish and you receive ongoing fees instead of support. Complaints also mention no customer support and trapped funds.
Potential Scam Strategies
Without regulation, the broker may operate unchecked. They may lure deposits with bonuses, then delay or deny withdrawals. Aggressive promotion combined with hidden fees seems a tactic. They likely rely on payment methods that limit chargebacks. These practices threaten client capital severely.
Expert Opinion
This sturdy fx broker review emphasizes high risk. Lack of verifiable licensing is critical. Vague trading terms and missing platform info lower credibility. Numerous client complaints further discredit the broker. Overall, the service appears fraudulent and unsafe for any trader.
Conclusion
This sturdy fx broker review uncovers numerous red flags. Avoid opening accounts or depositing funds. Prefer brokers regulated by ASIC, FCA, or CySEC. Choose firms offering transparent trading terms and published platform access. Protect your investments by staying with trusted, well-regulated services.
