Sterling Financial Management Group LTD Review: Is It a SCAM?

Sterling Financial Management Group LTD - logo

Sterling Financial Management Group LTD presents itself as a safe and straightforward way to engage in trading. However, such claims have echoed throughout the industry countless times, and how many of them have turned out to be scams? Well, quite a significant number. Let’s delve into our review to uncover the true nature of this broker. Please read on to discover the findings in our comprehensive assessment.

Sterling Financial Management Group LTD General Information

Phone Number
  • +442011110611
  • +61280110233
Address 30 St Mary Axe, London EC3A 8BF
Minimum Deposit $200
Assets CFDs
Leverage Up to 1:100
Trading Platform WebTrader

Registration and Client Portal Review

Sterling Financial Management Group LTD has crafted a rather minimalist website. It is concise, and the dark background complements the overall design. The main page provides descriptions of the account types, offering user-friendly navigation. While the site lacks substantial information about the company and could do without self-promotion, it generally leaves a positive impression.

Sterling Financial Management Group LTD - website

The registration process on the platform is straightforward. You need to fill out a form with your name and contact details. Unfortunately, the broker doesn’t verify your email or phone number, granting immediate access to the client portal. While not uncommon, legitimate brokers often employ additional verification measures, raising questions about Sterling Financial Management Group LTD at this stage.

Upon entering the client portal, you encounter the trading terminal. However, this setup raises security concerns, given that your account is protected solely by a password, without the broker sending confirmation codes to your email or phone. Such security measures fall slightly below industry standards.

The client portal, otherwise, is quite ordinary, featuring all necessary functions without any distinctive features. Users can edit their accounts, fund their accounts, or proceed directly to trading. However, the absence of unique functionalities prompts further inquiry into Sterling Financial Management Group LTD.

Sterling Financial Management Group LTD - Client Portal

Sterling Financial Management Group LTD Trading Conditions

Sterling Financial Management Group LTD positions itself as a broker with intriguing offerings for clients. Let’s delve into the actual propositions made by this company.

Account Types Review

Sterling Financial Management Group LTD introduces a range of five account types for investors. Notably, the minimum deposit on the platform is not explicitly stated, but it likely amounts to $200. Let’s delve into the available options:

  1. Basic. This account entails a 5% commission, with leverage set at 1:2 for crypto and 1:20 for Forex. Spreads commence from 2.4. Users gain access to an economic calendar, technical and market analysis.
  2. Silver. Deposits for this account range between $2,500 and $9,999. The commission is slightly lower at 4%, and leverage is increased to 1:3 and 1:30. Additional perks include 1-on-1 support and a platform manager.
  3. Gold. With commissions further reduced to 3%, this account requires a higher deposit, starting from $10,000. Users also benefit from a Dealing Room and a Senior Platform Manager.
  4. Platinum. To qualify for this account, deposits must fall within the range of $75,000 to $149,999. The account features lower commissions, higher leverage, spreads starting from 1.8 points, and access to automated trading.
  5. VIP. Positioned as the most lucrative, this account offers the lowest commissions, highest leverage, and spreads starting from just 0.4 points. However, it demands a substantial deposit of at least $150,000.

In essence, Sterling Financial Management Group LTD fails to present groundbreaking innovations in its account offerings. The attractiveness of its trading conditions is directly proportional to the amount users deposit into their accounts.

Trading Platform

Sterling Financial Management Group LTD provides a web-based trading platform that, at first glance, appears rather conventional. It offers a minimal set of indicators for work and analysis. Unfortunately, users will find the absence of a demo account, limiting the opportunity for prospective clients to explore and familiarize themselves with the platform’s features risk-free.

Unlike many brokers that offer downloadable applications for both computers and mobile devices, Sterling Financial Management Group LTD doesn’t seem to provide such options. The absence of dedicated applications can be a drawback for traders who prefer the flexibility and convenience of trading on their devices without relying solely on a web interface.

Sterling Financial Management Group LTD — Deposit and Withdrawal of Funds

Sterling Financial Management Group LTD doesn’t explicitly detail the supported deposit methods on its website. However, documents mention the option to transfer funds using credit and debit cards, as well as bank transfers. Interestingly, the client portal only provides details for bank card requisites. Unfortunately, there is no information regarding the speed of withdrawals and processing times.


After registering on the platform, users need to verify their profiles. This involves providing personal details such as full name, address, date of birth, and other relevant information.

Traders are asked to upload clear and legible copies of their documents through the client portal. The submitted documents undergo a review process by the broker’s compliance team. Once the review is complete, users receive confirmation of their successful verification. This unlocks full access to the broker’s services, including the ability to make withdrawals.

Additional Options

Sterling Financial Management Group LTD emphasizes additional services like analytics and education. However, the broker maintains anonymity regarding its team, analysts, and educators. The lack of transparency raises questions about the expertise and reliability of their forecasts. Traders are left unaware of the qualifications behind the provided analytics and educational content, potentially undermining the credibility of these services.

Is Sterling Financial Management Group LTD a Scam?

Now, let’s address the crucial question of whether Sterling Financial Management Group LTD can be considered trustworthy or if it falls into the category of fraudulent entities. To make an informed assessment, we need to scrutinize the following aspects.

In light of the broker’s presented information, what conclusions can we draw? Despite multiple phone numbers and a listed office address in the UK, the question arises: Is this truly a British broker? Our investigation involved checking the UK registry, which confirmed the existence of the company, incorporated in November 2023. However, registered business activities fall under “Other business support service activities not elsewhere classified.”

Legal data

It’s important to note that brokers are required to be licensed by the regulatory body FCA (Financial Conduct Authority) in the UK. Our scrutiny of the FCA registry yielded no evidence of the company possessing a license or engaging in brokerage services.

No license

An intriguing detail emerges in the terms and conditions, where the jurisdiction for regulating disputes and overall legal matters is attributed to Saint Vincent and the Grenadines. This is despite Sterling Financial Management Group LTD having no apparent connection to this offshore location. It seems plausible that the broker might not have thoroughly reviewed its agreement before publication. Domain Info

Turning our attention to the broker’s operational history, the outlook appears rather grim. The broker initiated its operations very recently, with its domain being registered in October 2023. This means it has only been active for a few short months. In such a brief timeframe, it’s unrealistic to expect any substantial track record or achievements.

Domain info

Contacts Review

Moving on to the contact details provided by the broker, they seem comprehensive at first glance. The inclusion of phone numbers, email addresses, and even a physical address suggests an openness to communication. However, a closer inspection reveals ambiguity, particularly regarding the address. It does not align with the legal address we identified in the UK. Consequently, the authenticity of the office location remains uncertain, raising doubts about whether it is advisable to visit in person.

Pros and Cons

  • Sterling Financial Management Group LTD provides a range of account types, catering to different investor preferences.
  • Limited operational history.
  • Uncertain legal information.
  • The trading platform lacks additional security measures such as two-factor authentication.
  • Absence of demo accounts.
  • Questionable regulatory jurisdiction.

Sterling Financial Management Group LTD Summary

Sterling Financial Management Group LTD - favi

Sterling Financial Management Group LTD falls short of being considered a safe broker due to its limited operational history, uncertain legal information, and regulatory ambiguities.

Website information content 3
Client Portal 3
Trading conditions 4
Trading platform 4
Deposit and withdrawal 3
Verification 4
Extra options 3
Licenses and guarantees 2
Work duration 1
Feedback 4

Frequently Asked Questions (FAQ)

What Does Sterling Financial Management Group LTD Offer?

Sterling Financial Management Group LTD offers a variety of account types, providing users with options to suit their trading preferences.

How Much Money Should I Invest With Sterling Financial Management Group LTD?

According to the broker’s trading conditions, the minimum deposit required is $200.

Is Sterling Financial Management Group LTD Safe?

No, Sterling Financial Management Group LTD lacks the necessary transparency and licensing to be considered a safe broker. Regulatory uncertainties and limited legal information contribute to concerns regarding the broker’s credibility and reliability.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. kevin clark

    unknown broker

    I, too, received various dubious propositions from this broker, including offers to engage in fully automated trading using trading robots. However, after scouring through reviews, I opted not to take the risk. And it seems like I made the right decision. The scarcity of reviews about this company on the internet raises concerns, emphasizing the importance of thorough research.