Beware! Stock Trading Capital is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Warning! Stock Trading Capital is a very suspicious broker which should never be trusted! We found plenty of red flags and scam signs that unquestionably prove that Stock Trading Capital is a dodgy enterprise which should be avoided. Find out everything you need to know about this Forex broker in the full Stock Trading Capital review.
Stock Trading Capital REGULATION AND SAFETY OF FUNDS
Stock Trading Capital is allegedly registered in St. Vincent and the Grenadines, an offshore zone which is notoriously known for the lack of proper financial regulation. The Forex brokers operating from the island are working without supervision, entirely on their sole discretion, which effectively means that the funds of the traders are vulnerable. What’s more, Stock Trading Capital is headquartered at the infamous Suite 305 in the Griffith Corporate Centre. It’s an address where hundreds of Forex brokers are registered, some of them been confirmed as a scam!
Your funds are in danger if you deposit with Stock Trading Capital, it’s an unlicensed, unauthorized and unregulated Forex creature, which shows too many red flags and behaves like a scam broker. Stay away and report immediately if they approach you on the Internet or over the phone.
Your choice should always be a transparent, legitimate and regulated Forex broker, preferably in Europe, holding CySEC(Cyprus) or FCA(UK) license. These jurisdictions created the safest financial environment for your deposits, and the authorized true Forex brokers will treat your funds carefully.
Above all, money protection funds were inaugurated throughout Europe, such as ICF (under CySEC) and FSCS (under FCA) which guarantee the deposits made by the customers. In Cyprus, you can claim up to 20 000 EUR, while in the UK the guarantees are of even up to 85 000 GBP.
Stock Trading Capital TRADING SOFTWARE
Stock Trading Capital claims to offer Metatrader4 to its customers; Metatrader5 is not available for trading. But it’s a lie because you cannot download the platform, the link redirects to their Sign-Up page. It’s a major red flag and an obvious scam sign because Stock Trading Capital is deceiving the customers!
In reality, Stock Trading Capital is a Binary Options broker, a fact that the guys operating this entity do not mention anywhere on their website! It is the ultimate red flag which proves that Stock Trading Capital is a scam Forex broker, stay away! Their so-called platform consists of a TradingView chart and a Binary trading panel on the right side!
They claim to offer leverage up to 1:2000 and spreads as low as 0.2, but this information is false and not corresponding to the real trading conditions!
Stock Trading Capital DEPOSIT/WITHDRAW METHODS AND FEES
No minimum withdrawal amount and no withdrawal fees specified. No dormant account policy and no fees for inactivity applicable.
No bonuses or other trading incentives offered. There are partnership programs, but we do not recommend that you should become a scammer yourself.
Stock Trading Capital present a website with plenty of information about their trading conditions, platforms, types of accounts and so on. Still, in reality, it’s a Binary Options broker, meaning that the whole website is full of lies and deceptions! You should avoid Stock Trading Capital!
HOW DOES THE SCAM WORK
Binary Options are a form of gambling, but for some time were presented as financial instruments. It has nothing to do with the traditional form of options where you may choose to buy or not to buy the underlining asset at the strike price or the expiration date. The typical Binary Options is just a bet on the price for a fixed period of time; the traders will have to predict whether the price will go below or above the opening level. Binaries were banned in the EU and UK because they are prone to fraud and price manipulations. You should never trade binaries, especially with offshore Forex brokers, because it’s a scam!
WHAT TO DO WHEN SCAMMED
No one is immune to scam; anyone can fall into the trap. Scammers are constantly looking for new and different ways to scam the people. What you need to do first, in case you got scammed, is to protect yourself from further risks. Contact your bank and explain to them your situation, they will give you important instructions to follow and will help you, if possible, recover your money.
Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing. Seek help actively!
Share online your experience; it is important to protect others, as well. Be responsible!