Forex Steady
We checked Forex Steady against the AskCheck register. It has been reported (2021) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
There are several severe red flags on Forex Steady’s website. To start with, this broker presents zero details about its company information (office address, phone number, email, etc.) as well as necessary trading documents (i.e. terms and conditions, privacy policy, risk disclosure, etc.). Lacking for such vital information is already a huge red flag for potential traders. Besides, Forex Steady claims to be a globally recognized retail and institutional economic company that provides professional financial services concerning forex. However, it turned out to be a new platform without reputation, as the domain of this broker was just created a couple days ago on August 27th. According to the information presented on its MT5 software, this broker is operated by FOREX STEADY GLOBAL LIMITED, a UK-based company registered with Companies House. However, it doesn't mean the authorization of the Financial Conduct Authority (FCA), the regulator that approves licenses for the brokers in UK. The truth is, we didn't find any information about its regulation from FCA. So currently Forex Steady is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Forex Steady.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.