St Giles Commodities Limited: customer reviews about the broker in 2024.
St Giles Commodities Limited: Scamming Unsuspecting Traders
Scam brokers often resort to website cloning to deceive traders and avoid negative reviews. Today, the spotlight is on St Giles Commodities Limited. Let’s examine how this scam unfolds and how to recognize it.
Main Information about St Giles Commodities Limited
St Giles Commodities Limited has several websites:
- m.st-giles.ltd – a trap for registration,
- st-giles.limited – deactivated,
- st-giles.ltd – the main company website.
The registration form on the website does not contain any company information, and pre-prepared users are redirected to a link. Some facts about the company were found on the main site.
It is unknown how long the company has been providing brokerage services, but the following statistics are available:
- 24/7 online trading,
- 99% satisfied clients,
- 500+ partners,
- full fund security.
The first reviews about the company were only discovered a few months ago. Despite the declared customer priority, the company is actively accused of fraud.
Information about m.st-giles.ltd and st-giles.ltd obtained through the whois service showed that these sites were launched on the same day, with the already deactivated clone starting several months earlier.
Legal Situation
St Giles Commodities Limited asserts that it operates within the law and provides document scans. The company is registered in the UK under number 09053508. However, a legitimate company with the same name was registered long before the appearance of St Giles Commodities Limited and is not related to the financial broker.
Information about BVI and FSC turned out to be fake. Certificates provided by SVGFSA are not licenses but only registration certificates. Local authorities do not regulate the activities of brokerage companies.
Offers by St Giles Commodities Limited
Details of the tariff plans are not available on the site, but it is known that the following are offered:
- over 500 CFDs,
- branded terminal,
- minimum deposit – $300,
- minimum spreads,
- $10,000 demo account,
- fund security,
- current quotes,
- no commissions.
There is no information on commissions and payment methods.
Reviews
Reviews about the company are overwhelmingly negative. Users complain about losing money and facing issues with refunds.
Dangers of Dealing with St Giles Commodities Limited
The company lures in newcomers with false promises and siphons off money. By the time the client realizes the loss of funds, it’s too late – scammers block access to the account and cease contact.
Conclusion
St Giles Commodities Limited is a fraudulent company posing a threat to your finances. Warn those interested in trading about this deception to avoid losses.