Sterlixo presents itself as a cryptocurrency and forex trading platform, but multiple independent investigations and victim reports have raised serious concerns regarding the platform’s legitimacy.
In this article, we will explore some of the most critical findings.
Regulatory and Licensing Issues
- Unrecognised Licence: Sterlixo claims to be regulated by the Mwali International Services Authority (MISA) in Comoros. However, MISA is not authorised by the Central Bank of Comoros, which is the only legitimate financial regulator in the country. This means that Sterlixo’s claimed license is invalid and not internationally recognised.
- No FCA Registration: For UK investors, Sterlixo is not registered with the Financial Conduct Authority (FCA), which is mandatory for any firm offering financial services in the UK.
Both of these points are extremely worrying for potential customers as it leaves them unprotected and unable to access any official remedies in the event of any foul play from the platform.
Domain and Platform Anomalies:
- Short Domain History: The domain Sterlixo.io was only registered in August 2025, suggesting a very short operational history and potential use as a ‘disposable domain’; meaning the platform will operate as a scam for a short time and shutdown.
- No MT4/MT5 Support: Unlike legitimate trading platforms, Sterlixo does not support industry standard tools like MetaTrader 4 or 5. Instead, it relies on its own proprietary app with limited transparency.
This type of set up means it is difficult for customers to research and confirm the platform’s authenticity.
Transparency and Communication Gaps:
- No Legal Disclosures: The website lacks comprehensive legal terms, privacy policies and risk disclosures. This is a common trait of scam platforms, as these types of policies and disclosure are usually requirements for legitimate platforms.
- Minimal Social Presence: There are no verified social media accounts on platforms like Twitter, LinkedIn and Instagram. This absence of public engagement is a red flag for legitimacy.
Payment and Withdrawal Concerns:
- Limited Payment Channels: Deposits and withdrawals are restricted to credit cards and wire transfers, which are harder to reverse and often used in scams.
- Withdrawal Blockages: Victims report being unable to withdraw funds, often being asked to pay additional fees or taxes to “unlock” their accounts.
As a general rule of thumb, anyone who requests fees that are required to be paid from your own capital in order to access your own funds are very likely to be scammers.
Manipulative Contact Practices:
- Cold Calling and Pressure Tactics: Initial contact is often made via unsolicited calls or messages, followed by pressure to invest quickly. Victims are bombarded with calls urging them to deposit more money, advising that any previous investments and profits will be lost if they do not.
- Trustpilot Reviews: While some reviews appear positive, the recent reviews have been overwhelmingly negative, with individuals labelling the platform as a scam. The platform appears to reply selectively to reviews.
A High-Risk Platform to Avoid:
Sterlixo exhibits multiple red flags consistent with fraudulent trading platforms:
- Unauthorised licensing
- Lack of transparency
- Pressure-based communication
- Withdrawal obstructions
- Short domain history
These characteristics align with broader patterns identified in the typical scams that we deal with on a daily basis here at WRS. If you have lost funds via the Sterlixo platform, or any platforms that display similar characteristics, please contact WRS for a free consultation.
Sources:
https://www.traderknows.com/en/news/9adc360817794762ac2bb13bccd1df78
https://uk.trustpilot.com/review/sterlixo.io