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Warning! The trader suffers a big loss after investing in ST5.

WikiFX | 2023-09-15 18:22

Abstract：Recently, a report to WikiFX involved a victim who fell prey to a seemingly promising trading platform known as ST5MAX, operated by USDC Investment Limited. In this article, we will delve into the details of the reported incident.

Recently, a report to WikiFX involved a victim who fell prey to a seemingly promising trading platform known as ST5MAX, operated by USDC Investment Limited. In this article, we will delve into the details of the reported incident.

Case in Details

The victim shared the unfortunate experience with WikiFX. He recounted that a person from China had recommended trading through the ST5MAX software, claiming it was a legitimate and profitable platform. Eager to explore this opportunity, the victim deposited $400 and commenced trading, focusing on the AUD/JPY currency pair. Initially, the investor's investment appeared to be on the right track, as the price of AUD/JPY was on a bullish trend.

However, the optimism quickly turned to dismay when, out of nowhere, the ST5MAX software malfunctioned. In a matter of seconds, the trading platform displayed a “stop out” message, coinciding with a sudden drop in the price of AUD/JPY to 88. The victim was left bewildered, as the sudden loss incurred was devastating, leaving the victim in a state of shock and disbelief.

What is ST5？

The broker involved in this case is ST5. This broker is a newly established broker registered in China. We found that this broker is not regulated by any regulatory institution. Thus, WikiFX has given this broker a low score of 1.03/10.

Thinking the situation getting worse, the victim contacted WikiFX for help. Below is the evidence we collect from the victim.

Desperate for answers and hoping to resolve the issue, the investor attempted to contact the broker, ST5MAX. Unfortunately, ST5MAX provided no response to their inquiries. The victim found themselves trapped in a web of deception, with the hard-earned money seemingly vanishing into thin air.

The trader's calls and messages went unanswered, leaving them in a state of frustration and despair. It became increasingly evident that the individuals behind ST5MAX and USDC Investment Limited had no intention of addressing the trader's concerns or rectifying the situation.

Conclusion

This distressing tale serves as a stark reminder of the perils that exist within the online trading world. It highlights the importance of due diligence and caution when selecting a trading platform or broker. Investors should thoroughly research the legitimacy of any platform and exercise skepticism when confronted with promises of extraordinary returns.

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Related broker

Website：https://app.st5s.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.39

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