ANSWER Dear Investor,
Thank you for bringing this issue to light. STForex is not a licensed broker.
Firstly, it relies solely on its purported registration with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) to bolster its legitimacy and credibility. However, this jurisdiction doesn't license forex trading activities, meaning the company doesn't have the necessary licenses to operate. Secondly, you are not alone in having a similar experience. Many STForex customers have lodged complaints accusing the broker of malicious practices.
We strongly suggest you stop sending any more money to the broker to prevent further potential losses. Gather all the evidence and report it to your local authorities. We also encourage you to file a complaint on our platform. Our dedicated team will thoroughly review your case and work diligently to help you find a possible solution. The BrokersView team is always here to support you.
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