StockFX: Myth and Reality
StockFX on their website assures that your trust is crucial to them. The company promises the best conditions and assistance in achieving financial success. According to data, more than 250,000 traders from 50 countries use its services, with a total income exceeding $300 million annually. Unfortunately, real customer reviews are categorical: it’s all a lie! The flow of dissatisfied users is only increasing, which prompted us to conduct an independent investigation and reveal the truth about StockFX.
The Truth about StockFX
The creators of StockFX chose the path of deception. The website presents success statistics without mentioning the broker’s duration of operation. A whois search revealed that the stockfx.co site was launched in September 2019.
Despite its short period of operation, the company has managed to tarnish its reputation. According to traders, it does not intend to honor agreements or take responsibility for damages. This is not surprising.
We are dealing with a typical offshore broker that operates without legal documents. The contact information lists an address in Saint Vincent and the Grenadines, attractive to financial scammers who exploit legal loopholes for fraud. Information on third-party resources indicates that StockFX is owned by BAUMONT GROUP LTD.
The official StockFX website is available in English, Estonian, and Russian, indicating the company’s focus on operating in the Russian Federation. However, this is illegal as it is not listed in the Central Bank of the Russian Federation registry!
Working Conditions with StockFX
The pseudo-broker generously promises benefits to both professionals and beginners. Their list of available trading instruments includes currency pairs, stocks, commodities, and indices.
- “Beginner.” Minimum deposit $250, 1 signal daily, 25% deposit bonus,
- “Trader – Medium.” Minimum deposit $1,000, 50% bonus, 3 trading signals, 15% deposit insurance,
- “Progressing Trader.” Starting deposit $5,000, 5 trading signals, 75% bonus, 30% insurance, and fixed/floating spreads up to 30%,
- “VIP.” Deposit from $10,000, VIP analysis, 75% account insurance, unlimited signals.
The broker does not provide specific data on trading conditions, leverage size, spread, contracts, or a trader’s calculator.
StockFX’s Activities and Deception
The StockFX scam scheme is very simple. They target potential victims on social media or forums and initiate conversations from a fake profile. Gaining trust, they suggest investing with a verified broker.
Tempted by demo trading, victims invest money. Once the client runs out of funds, the pseudo-broker closes the account, accusing them of violations.
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StockFX: Conclusions
Independent reviews and customer ratings have shown that StockFX is a company not to be trusted. It pretends to be an innovative intermediary, but an analysis of the website, terms, and documents indicates otherwise: they want to deceive you and strip you of your funds. Be vigilant!
StockFX is a trading platform that offers a variety of financial instruments for trading, including stocks, forex, commodities, and indices. The platform is user-friendly and offers a range of tools and features to help traders make informed decisions.
In terms of cooperation, StockFX offers competitive spreads, fast execution, and a range of account types to suit different trading styles and experience levels. The platform also offers a demo account for beginners to practice trading without risking real money.
Overall, StockFX has received positive reviews from traders, with many praising the platform’s ease of use, customer support, and range of trading options. Some traders have also commented on the platform’s educational resources, which can help traders improve their trading skills.
In conclusion, StockFX is a reputable trading platform that offers a range of financial instruments and tools for traders. With competitive spreads and fast execution, StockFX is a popular choice for both beginner and experienced traders.