Byron Stafford Scam Broker Review

Broker’s rating: 1.4 out of 5.0 stars

Scam Type Overview

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    As you can see, Byron Stafford already has a reputation as a suspicious operator. However professional their services may seem at first (and scam brokers often go to great lengths to seem professional, even going so far as to include chat bots on their website in some cases); you should avoid engaging with them in any way.

    Updated Byron Stafford Review and Information for you to Make an Informed Decision in 2021

    The latest Byron Stafford review suggests that the company operates illegally and without a proper financial regulatory license. 

    File a complaint against Byron Stafford by filling out the following form.

    ReportScamOnline now considers Byron Stafford to be operating an online scam. We recommend that our readers not trade with this broker and if you have an open account with this company, we suggest you try to withdraw your funds as soon as possible.

    Byron Stafford Overview

    Broker’s nameByron-Stafford
    AddressSingapore Land Tower50 Raffles Place048623Singapore
    Email[email protected], [email protected] en [email protected]
    RegulationUnregulated, Blacklisted

    If you have been approached by Byron-Stafford, or come across their services, be warned that this company has been identified by regulators as a potential scam broker. 

    Byron-Stafford claims to offer investment services, but has been listed by the Financial Services and Markets Authority (FSMA) as a suspicious operator that may be engaging in “boiler room fraud” (the term for a call centre offering questionable services).

    The FSMA “strongly advises against responding to any offers of financial services made by Byron-Stafford and against transferring money to any account number that company might mention”.

    Aside from the FSMA warning, there are other signs of potentially fraudulent operations. For example, the fact that the company’s website is currently non-existent. Fly-by-night companies tend to establish websites then remove them shortly after. This is one of the ways in which they seek to avoid detection.

    Byron-Stafford is an unregulated broker. Licensing is always the first thing you should look at when attempting to determine if a broker is legitimate, and Byron-Stafford fails in this most basic qualification.

    Doing business with an unregulated broker puts your funds at great risk. You may find yourself unable to withdraw funds from your account, or that money has been removed from your account without your permission. Scam brokers often don’t respond to queries, or cannot be contacted at all.

    It doesn’t require much investigation to identify warning signs that a company may be engaging in illicit activity. A quick google search will usually reveal whether a company has been listed on scam review sites, or been flagged by a regulator.

    How to Report a Scam against Byron Stafford

    In order to file a complaint against Byron Stafford, leave your details by filling in the above form and you will be contacted to review your case and discuss the various options to provide a solution to recover your funds.

    Classic Scam Warning Signs to Look out for

    Online Trading Platforms
    online trading platform scam
    • Byron Stafford blocked your account or you cannot log back into your account
    • Byron Stafford froze your account
    • Money has been taken out from your account
    • Byron Stafford’s website has been taken down
    • Byron Stafford is not answering take your calls
    • You noticed that Byron Stafford took money out from your bank account without your permission
    • Byron Stafford is offering you a bonus
    • Byron Stafford is requesting that you deposit more money into your account after you lost a large sum of money
    Phishing scam
    Phishing Scams via Email, Social Media, Sms and Text
    • Communication is received out of the blue and you cannot confirm who or where it is from
    • Communication has a request for you to perform a task such as trying to obtain your personal information
    • Communication has spelling and grammatical errors
    • Communication contains a suspicious link or attachment that you are urged to click on
    • The communication creates a sense of urgency for you to act immediately and failure to act could result in the loss of sensitive information or an amazing special
    Phone scams
    Phone Scams
    • A suspicious call from someone that claims to be from the government and requests a monetary payment
    • A call from someone that claims to be from the IRS or tax authority demanding money for unpaid taxes
    • A request to settle a debt, taxes or other amount owing and to send money via courier, prepaid bank card or gift card.
    • A call that requests your personal information or banking, credit card or investment account information
    • A call from an unknown person that has an incredible offer and pressures you to act immediately to secure it
    Online Shopping Scams and Fake Websites
    • Websites that do not contain “https” in the hyperlink and do not include the padlock icon in the address bar indicating a secure connection
    • Websites and pages that create a sense of urgency
    • Websites with deals that seems too good to be true
    • Websites that do not use secure payment methods such as wire transfers, international funds transfers, money orders, pre-loaded gift cards and cryptocurrencies
    Online Classifieds
    • The classified ad cannot provide proof of the item for sale where the seller can only provide a generic photo taken online. Never trust photos alone and always insist on seeing and inspecting the item
    • The classified ad promotes products or services advertised at extremely low prices, often lower than comparable websites
    • The seller claims to be unavailable or overseas and insists on payment before delivery of the goods
    • The seller asks to be paid via international money orders, checks, direct bank wires or cryptocurrency and will not accept any other form of secure payment.

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