Stendex review – is Stendex.net a scam or safe?

Stendex Key Facts

🔴 Stendex offers questionable investment opportunities – a clear sign of a scam!

🔴 Stendex is quite coy with crucial contact information – beware!

🔴 Stendex lacks a license for the provision of its services – a huge red flag!

🔴 Stendex's domain has been registered only recently – another off-putting detail!

Stendex products and services

Stendex is a scam – it offers its users to sign up and invest so it can start generating profits for them – profits starting from $1000 monthly. There is no way for anyone to achieve such rates, of course – Stendex is simply trying to get gullible people to invest with it. Once they do, the company will run with their money.

People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.

Stendex company and regulation

Stendex is not a licensed entity – it does not provide us with any information regarding its regulation. This means it is operating illegally, and doing so without a care in the world.

The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.

While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to. 

Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.

Stendex address and contacts

Stendex provides us with no address whatsoever – that is incredibly unprofessional, it is inconvenient to its clients and it is downright shady.

Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.

Stendex website info

Stendex's domain has been online since January 2021 – this makes it quite recent, which is usually a scam sign. The domain is also not popular to even be featured on SimilarWeb – another obvious scam sign. The owners of Stendex have also decided to breach the principles of transparency once more by concealing their idenitites from WhoIs lookups.

The domain is hosted on the 5.178.85.176 address – there is another website on it, which is related to Stendex. The review for it can be found below:

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.