FiveStar Profit FX Trade Review

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FiveStar Profit FX Trade

Know Your Options and Recover Your Funds

Do You Want to Know If FiveStar Profit FX Trade Is Legitimate or a Scam Broker? 

The FCA has flagged FiveStar Profit FX Trade as a potential scam. The Financial Conduct Authority has found that this broker is operating without a license. This is a serious problem–after all, if you are going to entrust people with your money you need to be certain they have oversight to assist you and are regulated.  

We have spoken with clients who have traded with FiveStar Profit FX Trade and have found validation to the official complaint. The bottom line–it isn’t worth trusting FiveStar Profit FX Trade. 

There Are Some Problems with FiveStar Profit FX Trade

We interviewed someone who tried to trade with FiveStar Profit FX Trade. They deposited $200, and within a day they were told their initial investment increased to $1,250. That is quite impressive. They attributed this to the fact that they have sophisticated, cutting edge, trading platforms. 

The client asked to withdraw the money. They were given a vague Whatsapp message that to withdraw their $1,250, they would need to make an additional deposit of $700, part of which was to cover a withdrawal fee of $150, the other was to have enough in the account to cover fees and to ensure there is enough money in the account (of course!)

The psychology of this scam is obvious. Convince someone their $200 increased to $1,250 in 24 hours and of course they will be willing to give you $700. This is one of the oldest types of trading scams made new in the world of cyber trading. 

Red Flags that FiveStar Profit FX Trade Could Be a Scam Broker

  • Aggressive tactics
  • High fees
  • Flagged by the FCA
  • No license
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from FiveStar Profit FX Trade, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with FiveStar Profit FX Trade close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.