Stocks Shares Capital: customer reviews, company information verification
Stocks & Shares Capital: reliability check
The intermediary company Stocks & Shares Capital may not be well-known, and one might assume that it recently emerged. However, on its website, it claims to have been founded over 30 years ago. Why then has a company with such a long history remained obscure and has not received a single review? In this review, we will try to find out.
Stocks & Shares Capital Details and Documents
Externally, the intermediary’s website does not stand out among numerous similar resources and does not create the impression of a long-developed project. It’s clear: the domain was created just a couple of months ago and was recently updated. Information about the owner and the site’s registrant is hidden, raising questions about the company’s transparency. It appears that we are dealing with a new project by scammers rather than a site from a well-established European broker.
In the first document of the company, we find confirmation of our suspicions. The trading agreement text mentions that the client platform is accessible via the stocks-royal.com website.
Our analysis revealed that Stocks & Shares Capital and Royal Stocks are closely related. As it’s known, Royal Stocks previously deceived dozens of traders, garnered many negative reviews, got blacklisted by regulators, and was blocked upon law enforcement request. However, the scammers did not lose their ambitions and quickly created a new division – Stocks & Shares Capital.
A clever backstory was devised for the new project: purportedly, the company was registered back in 1989 in Vienna. This choice of date is not accidental, as the trade register in Austria began only in 1991. However, this does not mean that verifying the company’s registration is impossible, as the scammers hoped. Our investigation did not find Stocks & Shares Capital in the registry of active companies in Austria.
A fragment translation: “Your request for Stocks & Shares Capital not found.”
The lack of activity on social media, strange contact details (such as the phone number 777-77-77 – not even funny), along with the absence of reviews on both Russian and foreign platforms, indicate that the company is likely dishonest. Furthermore, we analyzed the broker’s regulation to underline once more that we are dealing with scammers.
Licensing of Activities by Stocks & Shares Capital
According to the official site’s statement, the company is under the control of the Austrian FMA. However, such claims are not true, as the regulator has never issued permits to such organizations.
“No results found for your query.”
The absence of Stocks & Shares Capital on the European Brokers Association participant list is not just insignificant from a regulatory perspective but also a serious flaw for the company. Details of the broker’s operation in Russia since 2011 also raise doubts because during this time, it could have obtained licenses from Russian regulators. However, there are no records of issuing a license to this intermediary from the Central Bank of Russia.
We can confidently state that Stocks & Shares Capital is a fraudulent company not authorized to provide services in Russia.
What Offers Does the Company Present to Traders?
Stocks & Shares Capital offers its clients only one way to make money – binary options. This is a simple but dangerous form of trading on the exchange, where predicting price direction is akin to gambling. The risk of losing all invested funds is very high.
To attract clients, the company promises no commissions and generous welcome bonuses. At first glance, this might seem like a lucrative offer for beginners, but it’s not that simple. Commissions will still be charged; in section 8.3 of the Conditions of Access provision, it is clear that the company reserves the right to change them, as well as the swap size.
Regarding bonuses, the offer, especially in such amounts (from 50 to 150% of the initial deposit sum), is a direct violation of international regulators’ requirements. Bonuses simply serve as a tool for deception. A trader cannot withdraw profits without meeting the bonus program’s conditions, and while they fulfill them, the money in the account can disappear at any moment.
To start trading, registration and a minimum deposit of $250 are required. Information about the used trading terminal is not disclosed, likely not by chance. However, the company pays much attention to promotional offers, including referral programs, financing disguised as deposit insurance, and other services aimed at attracting new clients.
Reviews of Stocks & Shares Capital
Since the “broker” Stocks & Shares Capital recently entered the market, reviews about it are currently unavailable online. However, we are confident that they will soon surface and likely be far from positive. If you already have experience working with this company, feel free to share your feedback in the comments.
Methods of Deceiving Traders by the Company
Pseudo-brokerage firms like Stocks & Shares Capital operate quite similarly: they lure clients with instant and easy earnings, only to leave them with nothing afterward. Scammers have many tactics, and most likely, with Stocks & Shares Capital, they will act as they did previously with Royal Stocks. The scammers sent letters offering earning opportunities and links to their site. New clients were provided with personal analysts who were supposed to assist in trading.
Initially, the analyst conducted trades, which were successful. Then clients were encouraged to switch to a new earnings tier, where profit opportunities were significantly higher. To achieve this, more money needed to be deposited, and the assistants actively persuaded clients that they could borrow from family or take out loans, as the results had already been proven. As a result, the scammers disappeared with all the funds surpassed by the clients.
It’s worth noting that feedback on Royal Stocks highlighted that no one was urged to sign written agreements; most agreements were verbal. This serves as protection against lawsuits as oral agreements hold no legal weight. However, scammers demanded personal document scans from clients, which was even worse than simple theft, as at any moment, the perpetrators could use this data for criminal purposes.
Expert Opinion on Stocks & Shares Capital’s Reliability
After checking the domain registration, documents, and the history of the company Stocks & Shares Capital, it became clear that we are facing pure deception. This “brokerage” firm lacks registration, licenses, and the connection with Royal Stocks, which has already “leaked,” is evident. Since the company is not yet popular and lacks reviews, be cautious to avoid falling into the scammers’ clutches.