Review of CFD broker Stt Ec: account types and client reviews
Review of the fraudulent company Stt Ec
Stt Ec is another shady entity seeking to extract as much money as possible from unsuspecting investors. In search of easy money, scammers resort to various tricks – from promises of instant wealth to threats and blackmail. How do these swindlers actually manage the capital of their victims? Let’s analyze.
Review of Company Characteristics
Scammers, lacking originality, rely on standard myths about 4 years of productive activity, 190,000 satisfied clients, and a huge volume of trading operations (500,000 deals are completed daily on the platform).
What’s wrong with these claims? Firstly, the company only appeared online in November 2020, and secondly, there are no reviews about it. This raises suspicions given its long experience.
The platform’s footer states that Stt Ec is registered in Cyprus: office 78, Athinodorou Business Center, Charalampou Mouskou, Paphos. Additionally, its operations are supervised by three regulators:
- Cyprus Securities and Exchange Commission (license No. 269/38),
- Commission for International Financial Services (06/94/HP/24),
- Financial Services Commission of Mauritius (F36495129).
It turns out that the scammers are operating illegally, and all the claimed certificates confirming the reliability of the company exist only in their imagination.
Detailed Examination of Stt Ec Trading Conditions
Strict implementation, accurate exchange rates, over 180 trading instruments, and no commissions – fraudsters persistently try to sell their scheme to victims. However, the lack of reviews indicates they are not succeeding well in this.
The platform offers 3 types of accounts — “INSTANT,” “PROFI,” “PROFI+.” The minimum deposit amount is $1000. The crooks clearly overestimate their capabilities.
More trusting users, investing $50,000, receive promises of a 1:100 leverage, a personal manager, and deposit insurance. It seems that similar conditions have already been encountered on the websites of comparable scams.
Reviews of Stt Ec
As the years go by, fewer people fall into the networks of such fly-by-night companies, so the scam, active in phone fraud for 5 months, has not yet built an extensive client base.
There are two possibilities: either the scammers quickly erase negative reviews, or there are so few victims that it is advantageous for them to keep silent about their failed activities.
Stt Ec Fraud Mechanism
Even without reviews, it is clear that the fraud scheme is built by swindlers following a standard script with a predictable outcome. You invest funds expecting profit, but instead, you receive a frozen account and accusations of all sins from the manager.
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Final Evaluation of Stt Ec
As long as there are people believing in easy earnings and attractive promises of income without effort, such scams will continue to exist and prosper.
Stt Ec blatantly deceives citizens, convincing them of fabricated facts about Cypriot registration and the presence of all necessary documents for regulating operations. But these manipulators have neither licenses nor conscience. If you do not want to become a victim of fraud, avoid dealing with these scammers.
STT EC is a CFD broker that offers a range of account types to cater to different trading needs. They offer a standard account, as well as Islamic accounts for those who require Sharia-compliant trading options. The standard account allows traders to access a wide range of financial instruments, including forex, commodities, stocks, and indices.
Client reviews of STT EC are generally positive, with many users praising the platform for its user-friendly interface and competitive spreads. Traders also appreciate the range of educational resources available on the platform, which can help them improve their trading skills and make more informed decisions.
Overall, STT EC seems to be a reliable and reputable CFD broker, with a good reputation among traders. Their range of account types and educational resources make them a good choice for both beginner and experienced traders.