Professional Opinion on “Stocks Trade”
Upon first encounter, scammers may create a positive impression of their services, but it is advisable not to rush into registration, even if the company offers favorable conditions and unique opportunities. It is important to carefully verify the broker’s claims as they may turn out to be false. This review is dedicated to the company Stocks Trade, which is already raising doubts.
Basic Company Information
Stocks Trade claims to have been operating since 1977 and serving clients in 140 countries. However, the domain was only registered in December 2022, contradicting their claims. The lack of information about the project’s authors, contact information, and the anonymity of managers also raises suspicions.
The scammers have clearly defined their irresponsibility in the terms of cooperation, reserving the right to unilaterally terminate the contract without explanation. Clients encounter account blockages and unanswered questions.
Legal Details
Stocks Trade identifies itself as a regulated broker with licenses from FCA, Cysec, Cayman Islands Monetary Authority, DFSA, Financial Services Authority. However, reality has shown that all licenses are fake. The company is registered in an offshore zone with a low level of legislation, lacking proper control over its activities.
Fake licenses and manipulated trading software allow fraudsters to attract clients. Scammers actively promote their services in Russian-speaking countries, but initial reviews indicate manipulations by Stocks Trade.
Forgeries and Dubious Promises
Stocks Trade offers various tariff plans, but there is no demo account for practice. Promises of unique conditions, educational materials, and risk protection do not match reality. There is also a VIP account offered without clear details.
Fake reviews, false promises, and financial manipulations are the main methods of operation for scammers. Novices are attracted by low entry thresholds, promises of qualified assistance, and a unique platform, but ultimately end up deceived and deprived of funds. Choosing to collaborate with Stocks Trade can lead to financial losses. Be vigilant and avoid contact with these fraudsters.
