Stellar Invest presents itself as a premier trading consultant, operating under the domain “investellar.com” and claiming to be based in London, UK. However, several inconsistencies raise doubts about its legitimacy.
Stella Invest login and signup URL: https://investstellar.com.
For instance, its physical address appears questionable when cross-referenced with the listed telephone number(1287 218 273). Additionally, its alleged regulatory status with European and Canadian authorities seems dubious and inconsistent.
In this independent review, I’ll delve into Stellar Invest’s operations, examine its credibility and highlight the clear red flags that suggest this broker may not be as trustworthy as it claims. I strongly advise you to hold off any dealings with this so-called broker until you’ve read this comprehensive and revealing analysis.
Stellar Invest Red Flags
1. Mismatched Physical Address and Telephone Number
Stellar Invest lists 16 King William St, EC4N 7BP, London, United Kingdom as its physical address on the contact page, and provides the telephone number 1287 218 273.
Upon closer inspection, it’s clear that this telephone number doesn’t match the provided physical address. Each country has a specific format for telephone numbers, and UK numbers typically follow this structure: +44 20 7946 0958. Here, +44 is the country code for the United Kingdom, and 20 is the area code for London. The remaining 8 digits (e.g., 7946 0958) make up the local number.
In contrast, the number provided by Stellar Invest (1287 218 273) appears to be either a virtual number or a North American number, specifically from New York. The +1 country code corresponds to the US, and 287 is an area code assigned to New York. The remaining digits (218 273) follow the local number format used in that region.
A broker that offers a telephone number that doesn’t match its claimed physical location, or one that uses a virtual number, is a significant red flag. This suggests a lack of transparency and may indicate that the broker is trying to obscure its true identity or location.
2. Stellar Invest and False Regulatory Claims
Furthermore, Stellar Invest claims on its website to be authorized and regulated by “the European Financial Security” with reference number HE 483571. It also asserts that it is authorized and regulated by the “Canadian Financial Security” with reference number BRL 471364.
So, here’s what my investigation uncovered about these claims:
First, there is no recognized authority called “the European Financial Security.” This name does not correspond to any official financial regulator in Europe. In the European Union, the legitimate financial regulatory bodies are:
- European Securities and Markets Authority (ESMA).
- European Central Bank (ECB).
- European Banking Authority (EBA).
- European Insurance and Occupational Pensions Authority (EIOPA).
ESMA is the official body responsible for overseeing brokers within the European Union.
This means that Stellar Invest’s claim of being authorized and regulated by “the European Financial Security” with reference number HE 483571 is entirely fabricated, and designed to appear credible and convincing.
Moreover, Stellar Invest isn’t even based within the European Union.
Since it claims to have offices in London, UK, it should display regulatory information from the FCA, the authority responsible for overseeing brokers operating within the UK.
Additionally, there is no recognized authority called “the Canadian Financial Security.” This name does not correspond to any official financial regulatory body in Canada. The recognized regulatory authorities in Canada are as follows:
- Canadian Securities Administrators (CSA).
- Investment Industry Regulatory Organization of Canada (IIROC).
- Office of the Superintendent of Financial Institutions (OSFI).
- Financial Consumer Agency of Canada (FCAC).
IIROC is the primary regulator for brokers operating in Canada, while the CSA acts as the umbrella organization for all broker regulatory bodies nationwide.
Once again, Stellar Invest’s claim of being authorized and recognized by “the Canadian Financial Security” is entirely false.
A Common Deceptive Tactic
I want to make you aware that presenting fake regulatory information is a widespread tactic employed by scam brokers. If you’ve been following the reviews I’ve published on ScamReader, you’ve seen how brokers such as Xeodis, Skyion Group, Blue Holdings, and Apexnexia.com use this strategy to deceive many unsuspecting investors.
3. Suspicious Pattern of Multiple Domains Linked to Stellar Invest
Several websites with similar names have been taken down due to suspected fraud, including:
- stellarfx.io.
- stellarworldwide.com.
- stellar-finance.com.
I suspect that these domains may all be connected to Stellar Invest or investstellar.com, as they all focus on online trading—something that seems more than coincidental.
If authorities aren’t taking these websites down, perhaps the broker is launching and abandoning them after defrauding victims and damaging their reputations.
After all, why would so many domains named ‘Stellar’ be focused on day trading? And why are all of them unreachable except for the current domain (investellar.com)? These patterns aren’t something a critical thinker would dismiss as mere coincidences.
4. Stellar Invest Looks Like a Clone of Another Website
The website investstellar.com (Stellar Invest) closely resembles fxstellar.com in design and branding. Both sites claim to be based in the UK and share the name “Stellar.”
FX Stellar is a dubious entity falsely claiming FCA regulation under reference number 988008, which belongs to the legitimate firm, Best Money Exchange Corporation LTD.
Stellar Invest may be either connected to FX Stellar or merely imitating it, especially considering FX Stellar’s high Trustpilot ratings despite its questionable reputation.
My Final Verdict
While Stellar Invest markets itself as a broker offering a wide range of investment products, it raises too many red flags to be considered trustworthy. In addition to providing questionable background information, several broker review blogs have flagged it as untrustworthy.
Aiming to defraud unsuspecting investors of thousands of dollars, it claims to waive commissions on certain assets and promises no inactivity or market data fees. But are these fee exemptions worth the risk of trusting such a questionable broker? The short answer is NO.
Report Stellar Invest
Have you lost your funds to investstellar.com or another fraudulent trading platform? If so, go to this page to report the scam and seek professional assistance. You may also email scamread@scamreader.info.