Gladiolu Stox review – 5 things you should know about

Gladiolu Stox review – 5 things you should know about

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Beware! Gladiolu Stox is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


On Gladiolu Stox’s website we see familiar-sounding boasts – that it is a leading, regulated broker with a global presence, winner of multiple awards and offering the best technology solutions for forex and CFD trading. We have seen these claims on the websites of many fake brokers. Fact-checking quickly reveals that Gladiolu Stox is just that – a scam aimed at people without sufficient knowledge of the financial markets.


According to the information on the homepage, Gladiolu Stox is owned and operated by  Gladiolu Stox Markets Ltd, a company based in the Republic of Mauritius.

This is actually reason enough to avoid this alleged broker – Mauritius is an offshore zone without any significant regulations for brokers.  But a check of the database of the local regulator, the Financial Services Commission, shows that there is no registered company with that name or the licence number provided by Gladiolu Stox.

So not only is Gladiolu Stox not a regulated broker with a presence in markets such as the EU, UK and Hong Kong that it claims to be. It’s an anonymous website hiding behind the name of a non-existent company.

The Gladiolu Stox also lacks proper legal documentation. On the website we find Terms and Conditions which are rather short and insubstantial. When registering for an account, you have to tick agree to the Terms and Conditions, but the link leads to a blank page, not the document visible on the home page. It is therefore not clear exactly what you are agreeing to.

You should only trust legitimate brokers operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.


Gladiolu Stox claims to use MetaTrader 4 (MT4) – one of the most established software solutions in the industry. But like the rest of the information on this website, it turns out to be a lie.

After registering an account, we get access to a rather lacking web platform, with nothing like the functionality of MT4. The platform has only the most  basic features for placing orders, customizing charts and application of technical indicators. There are more than enough licensed brokers offering clients the MT4 experience and/or the newer version of the software MT5. These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

It should be stressed that the presence of some kind of trading platform does not make this website any more legitimate. Many scammers have trading software to fool their victims that their money is being invested.


Gladiolu Stox claims to offer four types of trading accounts. The descriptions of these accounts are incomplete and do not include information on basic trading parameters. Only a minimum deposit of 250 USD is specified. Many licensed brokers allow you to start trading with significantly lower amounts.

In the trading platform we see spreads of 0 pips. Such “raw” spreads come with commissions, but Gladiolu Stox does not state whether it takes commissions and what their amount is.

On the website we also find a claim that extremely high leverage of up to 1:1000 is offered. Regulated brokers do not offer such levels to retail traders as trading with high leverage carries risks of sudden and excessive losses. A maximum leverage of 1:30 is allowed in the European Union and the United Kingdom and 1:50 in the United States.

The account descriptions also mention different types of bonuses. Regulated brokers are prohibited from offering bonuses and promotions. Fraudsters often use bonuses to impose extremely unfavourable conditions on their victims.


Gladiolu Stox deposit menu is not available if the account is not verified by providing ID. The  logos of different types of cryptocurrencies can be seen on the homepage of the website. Scammers prefer cryptocurrencies because these transactions are not subject to refunds. While there are some legitimate brokers that accept Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like Skrill, Neteller or Sofort.

The stated minimum withdrawal amount is 100 USD. But if the account has received a bonus, it has to pay a huge withdrawal fee. According to the example given by Gladiolu Stox this fee could be 20%, but the wording allows for even higher levels.


The hype surrounding cryptocurrencies has drawn public attention to the trading of financial instruments. However, the vast majority of people remain ignorant about financial markets. There are a growing number of scammers who are taking advantage of this by posing as brokers.

If you make contact with any of these sites that promise to make you rich effortlessly, they will first start convincing you to make a small “investment” of a few hundred dollars. If you prove susceptible, even more convincing scam artists will court you to give them even more money. They will probably even fool you into thinking that your initial investment has already generated profits.

But the truth is that your money will never be truly invested. It will go straight into the pockets of the crooks and you will probably never see it again. Scammers hide behind fake and offshore companies that are not subject to any regulation and control. They also often use non-transparent payment methods that make it difficult to track them and recover money. Your attempts to withdraw your supposed profits or deposit will be blocked by confusing clauses in the Terms and Conditions, prohibitively high volume requirements and huge withdrawal fees.


Unfortunately, it is difficult to recover money given to such scammers. If credit or debit cards were used for the transfer, there is a chance if you ask for a chargeback. Visa and MasterCard allow this to be done within 540 days. But this method is not foolproof either, because fraudsters will ask you for copies of your ID and proof of address right from the start. This way they can claim to the card company that the transfer was voluntary and agreed by both parties.

It is important not to trust offers from people on the internet to recover your money from scammers for a fee.  Such  offers also come from scammers.

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