Ringgit hits five-year high against US dollar in holiday trade
The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.
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Abstract:Online trading scams tend to display profitable profits that give investors a false sense of easy money-making.

Once the investors are cheated by the false sense, they will invest more money to earn greater returns. At last, they will lose all their trading money.
Investment plans with up to 99.5% profit after a week
StatonFxc offers investment plans with different profits. As you can see, it promises 30.50% profit after a week, 50.5% profit after a week, and 99.5% profit after a week.

As for how to make the amazing returns, it mentions no details. If you think carefully, you will know StatonFxc is just a fraud, targeting people who are not yet familiar with the specifics of trading, and are tending to make a quick money.
A new company
The entity shows it was launched in 2014 and has been reputed globally by top brands in the industry all over the world. However, domain check results showed its domain(https://statonfxc.com/) was newly created in June 2021.

An unregistered forex broker in the US
StatonFxc claims it is licensed and regulated to offer investors access to trade forex, stocks, ETFs, binary options and cryptocurrency, but actually it has no authorization to do so.
Headquartered in the TX, US, StatonFxc must be registered as a futures commission merchant and foreign exchange dealer with the CFTC and to be a member of NFA as US-based reliable forex brokers do. However, no results matched with StatonFxc on the two regulatory bodies.

SEC Public Alert - StatonFxc is an unregistered soliciting entity
Apart from the above information, the US SEC released a public alert that StatonFxc falsely claims to be registered, licensed, and/or located in the United States in their solicitation of investors.

Based on the above information, we can conclude that StatonFxc is a scam.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.

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