Stellar.org.ge is an online broker that offers trading services to clients in the financial markets. However, there have been several reports suggesting that this broker is a scam. In this article, we will take a closer look at stellar.org.ge and evaluate its legitimacy.
Overview:
The table below provides an overview of some of the key features of stellar.org.ge.
Feature | Description |
Regulation | Not regulated |
Currency pairs | EUR/USD, GBP/USD, USD/JPY, USD/CHF, and more |
Customer support | Available via email and phone |
Trading method | Web-based trading platform, no MT4/MT5 support |
Reputation | Numerous complaints from customers about withdrawal issues |
Is Stellar.org.ge Regulated?
Warnings from Financial Regulations:
Several financial regulatory authorities have issued warnings against stellar.org.ge. For example, the Financial Conduct Authority (FCA) in the UK has warned that stellar.org.ge is not authorized to offer financial services in the UK. The Australian Securities and Investments Commission (ASIC) has also issued a warning about this broker.
What Currency Pair Do They Offer?
Stellar.org.ge offers a range of currency pairs, including EUR/USD, GBP/USD, USD/JPY, and USD/CHF. Though they did not mention the exchange process or trading system. They mention that they are revolutionalizing the crypto payment system, but no track of their working system.
Customer Support:
Stellar.org.ge offers customer support via email and phone. While this is a standard feature of most brokers, it is important to note that the quality of customer support can vary significantly between brokers. Some traders have reported that they have had difficulty getting in touch with the support team at stellar.org.ge.
Trading Method (MT4/MT5/Any other method):
Stellar.org.ge uses a web-based trading platform that is not compatible with MT4/MT5. While this is not necessarily a red flag, it is important to note that many traders prefer to use these popular trading platforms. The web-based platform used by stellar.org.ge has limited features and may not be suitable for more advanced traders.
What Do Traders Think About Stellar.org.ge?
There are numerous complaints from customers about stellar.org.ge, particularly regarding withdrawal issues. Some traders have reported that they have been unable to withdraw their funds from the broker, despite multiple attempts. Additionally, there are reports of unauthorized trading activities on traders’ accounts.
What To Do If You Get Scammed?
If you believe that you have been scammed by stellar.org.ge or any other broker, there are several steps that you can take. First, you should report the scam to the relevant financial regulatory authority in your country. This can help to prevent other traders from falling victim to the same scam. Additionally, you may want to consider seeking legal advice or contacting a financial ombudsman.
You can then submit a report to us. We will evaluate the case and will give you a free consultation and service recommendations to help you in recovering the fund.
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Final Thoughts:
In conclusion, stellar.org.ge is an unregulated broker that has been the subject of numerous complaints from customers. While the broker offers a range of currency pairs and customer support, its reputation is tarnished by reports of withdrawal issues and unauthorized trading activities. Traders should exercise caution when dealing with this broker and consider choosing a regulated and reputable broker instead.
