About Startwaypro Broker
Website – https://startwaypro.com/
Address – Dufourstrasse 49, 8008, Zürich, Switzerland
Regulatory Warning – Not Recommended By Review Website Like Report Scam
Domain Blacklisted Status-It seems there is no direct mention of this domain being on a blacklist
Fraudulent Claims and Ponzi Scheme Operations
Startwaypro appears to be a contemporary brokerage company dealing in forex and CFD trading, providing investment opportunities to individual and institutional investors globally. But beneath its shiny exterior is a con. Startwaypro, reports indicate, has been conducting business on a Ponzi scheme format, where funds from new investors are utilized to settle previous clients as returns. This model is by nature untenable and usually ends in tears, with a majority of investors left with losses that cannot be recovered.
Lack of Regulatory Compliance
One of the red flags that are most concerning is that Startwaypro is not regulated. The platform is neither registered nor approved by any accredited financial authority. This implies users do not enjoy any legal protection or regulation if anything goes wrong, which raises the risk of fraud exponentially.
Unfavorable Reviews and Investor Complaints
A considerable number of investors have complained about Startwaypro. Some of the complaints include:
- Delayed or denied withdrawals
- Poor customer service
- Hidden or surprise fees
- Pressure to spend additional funds
These behaviors are typical of scam activities, wherein the intent is to entrap and deplete users of their finances.
Scam Accusations and Judicial Focus
Complaints of fraud, Ponzi schemes, and unauthorized trading associated with Startwaypro are on the increase. Investors and regulators alike are calling on others to conduct due diligence before getting involved in such platforms. In a few instances, victims have reported their cases to financial regulators, leading to investigations and legal action.
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