Stablefund is a cryptocurrency trading platform that claims to offer a variety of services, including spot trading, margin trading, and derivatives trading. However, there are a number of red flags that suggest that Stablefund may be a scam.
Company Overview
The Stablefund website does not provide much information about the company’s team or management. The only names listed on the website are those of two anonymous “founders.” There is also no information about Stablefund’s financial backing or regulatory status.
Services or Products
Stablefund’s website claims that it offers a variety of services, including spot trading, margin trading, and derivatives trading. However, the website does not provide any details about these services. There are also no screenshots or videos of the platform in action.
License and Regulations
Stablefund is not licensed by any financial regulatory authority. This is a major red flag, as it means that the company is not subject to any oversight or regulation. Unlicensed brokers are more likely to engage in fraudulent activities, such as misappropriating client funds or running Ponzi schemes.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of reasons why it is risky to deal with an unlicensed broker. First, unlicensed brokers are not subject to any oversight or regulation. This means that they can engage in fraudulent activities, such as misappropriating client funds or running Ponzi schemes, without fear of being caught.
Second, unlicensed brokers are often not transparent about their fees and terms. This can make it difficult for investors to understand how much they are actually paying and what the risks are.
Third, unlicensed brokers may not have the financial resources to cover their obligations to investors. This means that if the broker goes bankrupt, investors may lose their money.
Legal Warning Against Stablefund
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a warning against Stablefund. The FCA has warned that Stablefund is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about StableFund online. Some former clients have complained that they were unable to withdraw their funds from the platform. Others have said that they were not able to get in touch with customer support.
Feedback About Their Trading
The few reviews that mention Stablefund’s trading platform are negative. One reviewer said that the platform is “a complete scam” and that he lost all of his money. Another reviewer said that the platform is “rigged” and that it is impossible to make a profit.
Feedback About Their Customer Service
The few reviews that mention Stablefund’s customer service are also negative. One reviewer said that he was “treated like a criminal” by customer service. Another reviewer said that he waited for weeks to get a response from customer service.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Stablefund or any other broker, there are a few things you can do. First, you should file a complaint with the FCA. You can do this online or by calling 0800 111 6768.
Second, you should contact your bank or credit card company and report the fraud. They may be able to reverse the charges.
Finally, you can contact us to get a quick help. Why? Because, when you submit your case to us, we will evaluate your case and schedule a free consultation call ASAP. During this call, we will provide you with some guidance and service recommendations to help you in recovering the lost funds.
Final Thought
Stablefund is a clear scam. The company is not licensed by any financial regulatory authority, and there are a number of negative reviews about it online. If you are considering using Stablefund, try to find another broker. There are many legitimate cryptocurrency trading platforms available, and you should avoid using one that is likely to be a scam.
