Is STYX Trade Legit or Scam?
STYX Trade is a scam broker. Here are the red flags that expose their deceitful operation:
- Fake Regulation: They claim to be regulated by CySEC, but the license number is nonexistent.
- Unexploitable Trading Platform: The platform is inaccessible and most likely rigged. Even their downloadable SIRIX Platform is known as malware.
- Unrealistic Leverage: Their leverage of 1:500 goes against regulatory standards and significantly increases the risk of losing funds.
- Unclear Withdrawal Process: The withdrawal policy is ambiguous, with hidden fees and bonus terms that make it nearly impossible to get your money out.
- Deceptive Marketing: They lure victims with fake reviews and promises of high returns.
Company Overview
Broker status: | Unregulated Broker |
Regulated by: | Not regulated |
Operating Status: | Active Forex Trading Scam |
Known Websites: | https://styx-trade.com/ |
Blacklisted as a Scam by: | N/A |
Owner: | GStyx Group |
Headquarters Country: | UK (alleged) |
Foundation Year: | 2023-03-06 |
Online Trading Platforms: | Web terminal, SIRIX Platform |
Mobile Trading: | Not available |
Minimum Deposit: | $250 |
Deposit Bonus: | Hinted but undisclosed |
CFD Trading Option: | Yes |
Crypto Asset Trading: | Available (BTC, BNB, DOT, DOGE, XRP, ZEC, NEO) |
Available Trading Instruments: | Forex, Bonds, Indices, Commodities, Crypto, Stocks |
Maximum Leverage: | 1:500 |
Islamic Account: | Not available |
Free Demo Account: | Not available |
Accepts US clients: | No |
Our Experts’ Verdict: | This fraudulent website is not worth your time and money! |
Services or Products
STYX Trade claims to offer Forex, Stocks, Bonds, Indices, Commodities, and Crypto trading. However, due to the platform’s inaccessibility, it’s impossible to verify the functionality or legitimacy of these offerings.
If you have lost money to companies like Bitcode, or FXPremium; please report it to us on our report a scam form.
Trading Platform & Leverages
STYX Trade boasts a web terminal and a downloadable SIRIX Platform. The web terminal is reportedly glitchy and inaccessible, while SIRIX is known malware. They offer an unreasonably high leverage of 1:500, which can lead to substantial financial losses.
Spreads and Cost of Trading
There is no clear information available regarding spreads and trading costs on STYX Trade’s platform.
License and Regulations
Legal Warning Against STYX Trade
STYX Trade operates without a valid license, making it an illegal entity. Regulatory bodies like CySEC do not authorize their فعالیت (faaliyat, activity).
Deposit and Withdrawal Methods
The deposit methods are undisclosed, but withdrawal procedures are shrouded in mystery. The policy mentions fees but doesn’t specify the amount. Additionally, hidden bonus terms with high trading volume requirements make withdrawals highly improbable.
STYX Trade Pros and Cons
Feature | Pros | Cons |
Account Types | Various account types | Expensive with no real benefit |
Leverage | High leverage (up to 1:500) | Unrealistic and risky |
Trading Instruments | Wide variety (if real) | Unverifiable due to platform issues |
Why Dealing With An Unlicensed Broker Is Risky
Unlicensed brokers like STYX Trade are not accountable to any financial authority. This means:
- No Guarantee of Fund Safety: Your money is not protected, and there’s no guarantee of getting it back.
- Unfair Trading Practices: The platform can be manipulated to steal your funds through rigged prices or fake quotes.
- No Dispute Resolution Mechanism: If you encounter a problem, there’s no regulatory body to help you resolve it.
Client Feedback
While STYX Trade displays fabricated positive reviews, real user experiences paint a negative picture. Clients report encountering difficulties with withdrawal, fake promises, and aggressive sales tactics.
How Can “ReviewsAdvice” Help You If You Get Scammed?
If you’ve been scammed by STYX Trade, contacting a financial claims recovery service like “ReviewsAdvice” might be helpful. We can guide you through the process of filing a chargeback and potentially recovering your lost funds or you can report to us today by the below form.
Get Your Money Back from Scammers.
Final Thought
STYX Trade is a cleverly disguised scam. Don’t be fooled by their fancy website and fake promises. Only trade with licensed and regulated brokers to ensure the safety of your money and a fair trading experience.
