Check of financial broker Stellar Finance
There is a tendency at Stellar Finance to deceive its clients, as confirmed by their reviews. However, we prefer not to rush to final conclusions and will conduct a more detailed check of the provided information.
Overview of Stellar Finance indicators
Although the company does not disclose its time in the financial market, the following statistical data was found:
- Daily number of transactions: over 183,000
- Number of users: over 364,000
- Total company capital: $96 billion
- Daily trading volume: $23 billion
However, the falsity of these figures was discovered after verification through the specialized whois service, which indicates that the stellarfs.com site has been active only since May 23, 2023. Most available reviews about the company are recent, which is logical considering the short existence period of the fraudulent project.
For example, a fake phone number is provided for contacting the support service, clearly indicating a reluctance to provide quality customer service. Although the company’s email is real, the feedback is only provided until the user falls victim to the manipulations of fraudsters. After the trader’s funds disappear, the scammers cease communication.
The leaders of the fraudulent project preferred to remain in the shadows. There is no information about top managers on the platform who are willing to take responsibility and compensate users for damages.
Analysis results of legal information
The Stellar Finance website is a simple one-page resource where even basic rules are absent, let alone legal documents. Checking with the service revealed that the company was registered in India but has long been liquidated.
In fact, the organization was located in Calcutta and engaged in business for over 30 years, but the specific field of activity of the real company is unknown. However, this loses importance, as what matters is that the fake Stellar Finance represents a typical scammer who has stolen data from a real financial institution.
By entrusting your funds to such an unregulated intermediary, you put your capital at risk. In this case, there is no guarantee of income, and the scammer only creates the illusion of real activity.
Trading possibilities overview
Stellar Finance does not offer traders the opportunity to test the platform without investing real funds. To access trading in currency pairs, stocks, cryptocurrencies, metals, and commodities, you need to choose a trading plan, but detailed information on contracts is missing.
Regarding the available account types, the following is known:
- Standard – provides access to educational materials and analytics
- PRO – provides a terminal with an intuitive interface and analysis tools
- Premium – positioned as the most analytical account
Other trading aspects, such as swaps, leverage, spreads, and withdrawal conditions, remain unknown.
Participants’ Reviews
Despite Stellar Finance being a new player, there are already reviews. Scammers from the very beginning strive to engage in dishonest work, aiming to extract large sums from clients’ wallets.
Charlatans attempted to improve their reputation by inserting positive reviews on their pages. However, they are easily recognized by paying attention to words like “long-standing cooperation.” Such data is simply unavailable in their case.
If you have experience working with this fraudulent broker, feel free to share your reviews. This will help others avoid financial loss.
Scammers’ Working Methods
Stellar Finance employees are experienced scammers who operate according to a standard scheme. They individually approach each client, starting to manipulate their funds.
Scammers persuade novices to install remote access software, promising to expedite the learning process and start work. However, this program actually opens access to the user’s account, and once the fraudsters gain access, the entire amount in the account is instantly reset.
Final Word
Stellar Finance is a group of real swindlers seeking to deceive users and take large sums from them. To recover your funds, you will need to turn to money recovery services (chargeback), which is a lengthy process with no guarantees of success. Therefore, it is better to avoid dealing with such dubious projects to avoid wasting time, money, and nerves.
Stellar Finance provided reliable and professional brokerage services in 2023, though some customers experienced occasional delays in responses to inquiries.