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The WikiFX Score of this broker is reduced because of too many complaints!

STC Trade

Canada|2-5 years|
Suspicious Regulatory License|White label MT4|The server is only located in China.|High potential risk|

https://en.stcforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
STCTradeDevelopment-Demo MT4
Server Location China

Contact

support@stctrader.com
https://en.stcforex.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

CH FINMA
2018-08-02

Contact number

Broker Information

More

Company Name

STC Trade Development Limited

Company Abbreviation

STC Trade

Platform registered country and region

Canada

Company website

Pyramid scheme complaint

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-06-19
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The United KingdomFCA regulation (license number: 785129) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

STC Trade · WikiFX Survey
Danger A Visit to STC Trade in UK -- Finding No Office
United Kingdom

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News

WikiFX Review: Is it safe to invest with a broker called STC Trade?

ExposureWikiFX Review: Is it safe to invest with a broker called STC Trade?

2022-10-31 17:44

STC Trade is an online forex broker registered in Canada. This broker attracts our attention as several complaints against this broker have been received from investors. This article aims to show you the thorough details of STC Trade.

WikiFX
2022-10-31 17:44
Exposure
WikiFX Review: Is it safe to invest with a broker called STC Trade?

User Reviews

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Comments

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随风荡指间
more than one year
Trading experience was very terrible on this platform. They manipulated my trading account, closed my trades, and I lost a big sum on this platform. I thought I could make some profits.
2022-12-06 19:15
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0
0
Alexa1
more than one year
I don't know about British company, but Canada's company is good and legit, I am working there within a year
2022-10-25 23:27
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1
1
10
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