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StringsFXone Review: Stringsfxone.com Crypto Scam Exposed

StringsFXone Review: Stringsfxone.com Crypto Scam Exposed

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StringsFXone (Stringsfxone.com) is claiming to be the best Crypto broker who guarantees high earnings. Strings FX One is using a cloned website with half design from another scam. It is believed that these are the same scam artists stealing from unsuspecting online investors. With the number of complaints rising by the day, it is clear we are dealing with a fraud. And this is why an investigation was underway. Read this genuine and transparent STRINGSFXONE Review and get the truth.

StringsFXone Review

About StringsFXone

A closer look at their about us page claims the broker has been in operation since 2013. These claims will be refuted by a credible source that highlights the real date the website was created. StringsFXOne is another offshore brokerage firm which is aiming to steal from unsuspecting investors. These are scam brokers who take advantage of the precarious online trading world. Traders are asked to sign up with credible brokers who have been approved by experts and trading community.

To stay safe in the online trading world, having an expert by your side is of great importance. A closer look at Strings FX One reveals this is another offshore broker. Offshore brokers are notorious for stealing license information from legit companies. There is not a line scam brokers won’t cross to try and make it appear their platforms are the best. And this is why we plan to expose and dismantle their ways. To stay safe, it is best traders read reviews before committing to any online trading platform. These scam brokers will post false information to throw off prying eyes.

Assets/Instruments Found on StringsFXone

The broker is offering Cryptocurrency and Forex assets on their platform. One of the biggest challenges facing members is lack of credible information on these assets. No one knows the type of digital coins available on the platform. Members don’t know the leverage and spreads available on the platform. They have to sign up first and later know whether the trading conditions are desirable.

StringsFXone claims of offering competitive and tight spreads on their platform. Details on how they bring better returns on investments remains a mystery. A look at their about us page regarding assets leads us to believe this is a cloned trading platform. Game Capital ADS Limited is the offshore broker who uses the same words. Nothing is different, even the website itself. The only feature they have changed is the name of the broker. They still remain to be an offshore brokerage firm.

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Business Owner

Stringsfxone Limited is the company which has been listed as the sole owner of the platform. Where the company is located remains to be a mystery. A search using company registers shows no such company exists. And this is a way of revealing the depth at which these scam artists will go. Why fail to give traders names of these people? It would be prudent to know who is handling funds for transparency’s sake.

Domain Register Records

Claims of being in the online trading world since 2013 are rubbish. The domain register whois.net reveals the actual date the website was created. Records show the domain in question was created on 28th December 2019. And this is proof we are dealing with rogue brokers using false information to fool investors. These are scam artist who will do or say anything to fool investors. It is best to stay away from the platform.

License and Registration Details of StringsFXone

StringsFXone CNMV Warning License

The entire website does not have any information regarding license and registration credentials. Being offshore brokers, we doubt anything they bring forward as license details. It turned out StringsFXone is NOT Licensed or regulated to offer any trading services. These offshore brokers are offering an illicit service to unsuspecting investors.

A financial watchdog has got wind of the broker’s attempt to offer unregulated services. The Spanish CNMV has already issued a warning regarding this broker. The FSA in St. Vincent and the Grenadines does not have a company registered under the name Stringsfxone. And this is the proof we needed to validate that StringsFXone is a scam. Watch out for offshore brokers who use such tactics to fool investors. These are brokers who will do anything to get investors to sign up and later shut down.

Pros/Cons of StringsFXone

Account Details

StringsFXone is furnishing traders with four account types to choose from. These accounts include Standard, Classic, Gold, and Premium. Most of the account features are the same making us question the intent of the broker. Minimum first deposit for the basic account which is Standard has been set to $250. Unlike other offshore brokers, Strings FX One has stuck to using the industry acceptable deposit price. Features of the first two account holders offer harsh trading conditions to users.

StringsFXone Account Details

Account Managers

Offshore brokers don’t have the capacity to hire real account managers. They often hire call agents to act as professional account managers. All they do is call members and ask them to make more deposits. These hired call agents make their commissions by ensuring members lose funds. They are commingling funds. It is a practice which is far from being conducive for online trading.

Contact and Customer Support

Contacting the broker is only via emails which is not helpful. These scam brokers will determine which email to respond to. Most members have been sending withdrawal requests via email. And this gives the brokers an indication of the member’s intent. They in turn block accounts associated with withdrawal requests. A true communication channel is one with live chat as it gives traders a one on one conversation. These are scam brokers who want to control the communication for their own benefit.

Funding Accounts

Strings FX one is using AstroPay, Maestro, MasterCard, Neteller, and Visa as their depository channels. Investors should know this is not a good enough reason to sign up with the broker. Withdrawing funds with this platform has been the biggest challenge facing members. None of the members have been able to withdraw funds since the platform started trading.

Trading Platform

On their trading platform page, StringsFXone is claiming to use MT4 trading platform. In real sense, they are using a custom built platform which is lacking in execution. Scam brokers will claim to have the experienced MT4 trading terminal to ensure investors sign up. Once you sign up, members get a custom built platform which tries to mimic the MT4 terminal. And this is why execution of trades is slow and the platform is unstable. Stay away from their custom built trading platform.

Security of funds with StringsFXone

Safety of funds is not a guarantee by offshore brokers. With a scam broker, they ensure no one else is able to get the funds. Segregating of funds is not happening as dictated by trading regulations. And this is why no one else should sign up with this platform. These are scam brokers whose intent is to steal from unsuspecting investors.

Scam or Legit with StringsFXone

StringsFXone About the Broker

After reviewing all the facts, it is clear we are dealing with a rogue trading platform. Mark their emails and any promotional message as spam. Warn your loved ones about the risks of involving with offshore brokers. It is our hope that authorities will step up the shutting down of online scam websites. Stay away from the platform and ensure you never sign up with Strings FX One.

Final Thought

Adding this broker to our scam blacklist will ensure no one else falls for this trap. Mark their emails as spam and don’t sign up with their sleazy website. Stay safe and ensure you use approved Digital currency trading tools.

We wish you all the best in your online trading.

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