Sterling Asset Review

Sterling Asset

Investors alert Sterling Asset – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Registration of issuance, offer, or sale of securities/derivatives, and reporting requirements.

Introduction to STERLING ASSET:

Online trading can be a lucrative and exciting way to invest your money, but it also comes with risks and challenges. One of the biggest dangers is falling victim to a scam broker that promises high returns, low fees, and professional advice, but instead steals your money, manipulates the market, and lies about their credentials. In this blog post, we will expose one such scam broker: STERLING ASSET.

Products and Services offered by STERLING ASSET:

STERLING ASSET claims to offer a variety of financial products and services, including forex, stocks, commodities, indices, cryptocurrencies, and derivatives. They also claim to provide access to a sophisticated trading platform, educational resources, market analysis, and customer support. However, these claims are false and misleading. STERLING ASSET is not authorized or regulated by any reputable financial authority, and its platform is not secure or reliable. Their products and services are designed to lure unsuspecting investors into depositing money and then prevent them from withdrawing it.

Financial institution & regulatory license of STERLING ASSET:

STERLING ASSET pretends to be a legitimate financial institution with a regulatory license from the FCA (Financial Conduct Authority) in the UK. However, this is a lie. The FCA has issued a warning on its website that STERLING ASSET is not authorized by them and is operating illegally. The FCA also states that STERLING ASSET is using the details of a genuine firm (Sterling Asset Management Limited) without their permission. This is a common tactic used by scam brokers to deceive investors and appear credible.

Trader’s Reviews and Customer Service of STERLING ASSET:

If you visit the website of STERLING ASSET, you will see some positive reviews from alleged traders who claim to have made profits with them. However, these reviews are fake and fabricated. They are part of the scam’s marketing strategy to attract more victims. If you try to contact the customer service of STERLING ASSET, you will either get no response or encounter rude and unprofessional agents who will pressure you to deposit more money or refuse to help you with any issues.

How do online trading scams operate:

Online trading scams like STERLING ASSET operate in similar ways. They usually have a flashy website that promises high returns, low risks, and easy access to the financial markets. They also use social media, email, phone calls, or online ads to reach potential investors and persuade them to sign up. Once they have your personal and financial information, they will ask you to make an initial deposit (usually a few hundred or thousand pounds) to start trading. They may even show you some fake profits on your account to make you think you are doing well. However, as soon as you try to withdraw your money or close your account, they will make excuses, impose fees, or simply ignore you. They may also manipulate the prices or trades on their platform to make you lose money or wipe out your balance.

How to Safeguard Against Fraudulent Brokers:

The best way to safeguard against fraudulent brokers like STERLING ASSET is to do your research before investing with any online trading platform. You should always check the following:

– The regulatory status of the broker: Is it authorized and regulated by a reputable financial authority (such as the FCA in the UK) and does it have a valid license number?

– The reputation of the broker: What are the reviews and ratings from other traders and experts? Are there any complaints or warnings about the broker?

– The terms and conditions of the broker: What are the fees, charges, spreads, commissions, withdrawal policies, and other important details of the broker? Are they transparent and fair?

– The security of the broker: How does the broker protect your personal and financial data? Does it use encryption, verification, and anti-fraud measures?

Conclusion:

Online trading can be a rewarding activity if done with caution and care. However, it can also expose you to scams like STERLING ASSET that aim to exploit your trust and money. Therefore, you should always be vigilant and informed when choosing an online trading platform. If you encounter any suspicious or fraudulent brokers, you should report them to the relevant authorities and avoid them at all costs.

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