Online trading has become popular in recent years, and many new brokers have emerged to meet the increasing demand. However, not all brokers are legitimate, and it is essential to be cautious when selecting a broker. Stracofirm.com is one such broker that has been under scrutiny for its legitimacy. This article will review the Stracofirm.com scam and investigate whether it can be trusted.
Is Stracofirm.com a Licensed Broker?
Before investing your money with any broker, it is crucial to ensure they are licensed and regulated. Stracofirm.com claims to be a licensed broker, but upon further investigation, it was found that they are not registered with any regulatory authority.
They mentioned operating under ARCA Capital Investment Inc. in Venezuela, Chile, Colombia, Puerto Rico, Florida, and NY. But, we did not find any regulatory confirmation from these countries’ regulatory bodies.
Why Should Not You Trust An Unlicensed Broker?
Unlicensed brokers do not follow any regulations or guidelines, making it easier for them to engage in fraudulent activities. They may manipulate the trading platform or even steal the investor’s funds. In case of any dispute, the investor has no legal recourse against an unlicensed broker.
Can Stracofirm.com Be Trusted?
Based on the lack of regulatory compliance, Stracofirm.com cannot be trusted. They do not provide any information on their website about their license, which is a clear indication that they are operating illegally. Moreover, they have been flagged by many scam alert websites and forums.
What Do Traders Think About Stracofirm.com?
Several traders have reported their negative experiences with Stracofirm.com. They have claimed that the broker has manipulated trades, provided inaccurate information, and even refused to process withdrawals. Many have lost their entire investment and cannot recover their funds.
Scammed by Stracofirm.com? – Talk to Our Experts.
If you have been scammed by Stracofirm.com or any other fraudulent broker, it is crucial to take action immediately. Contacting financial experts specialising in recovering funds from fraudulent brokers can help you recover your investment. Our experts can provide legal guidance and support in filing complaints against the fraudulent broker.
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