STMARKET Review: A Cambodia SERC License and a $3,250 Withdrawal That Went Missing

STMARKET, founded in 2006 in Cambodia, offers forex, indices, metals, energies, and crypto CFDs through MetaTrader 5 under a derivatives license from Cambodia's Securities and Exchange Regulator (SERC). Account minimums start at $50 with leverage reaching 1:500. But a WikiFX score of 5.45 and documented withdrawal issues suggest traders should proceed with caution.

Basic Information

STMarket Company Limited is registered in Cambodia. The broker's website lists tradable instruments spanning forex, spot metals, energy CFDs, global indices, and cryptocurrencies. Customer support is listed via phone lines in Cambodia, the UK, and Thailand. Trading runs on MT5 across desktop, web, and mobile, with a demo account provided.

Regulation & Safety

STMARKET holds a Derivatives Trading License (EP) from the SERC of Cambodia, license number 00049975. WikiFX confirms this license is currently active and regulated. Cambodia's SERC, however, does not offer the same investor protection standards found with regulators in major financial centers , client fund safeguards and compensation schemes remain underdeveloped. The license establishes STMARKET as authorized, but traders should not expect oversight comparable to what top-tier jurisdictions provide.

Trading Platform & Products

STMARKET uses MetaTrader 5 exclusively, with Expert Advisors permitted on all accounts. The broker lists three account tiers: Standard (from $50, spreads from 1.6 pips), Premium (from $100, spreads from 1.2 pips), and Pro (from $200, raw spreads from 0.2 pips with commission). Leverage reaches up to 1:500. Instruments cover forex, energies, indices, metals, and cryptocurrencies; shares, ETFs, and bonds are not offered according to the broker's own materials.

User Complaints & Feedback

In May 2026, a trader from Turkey deposited $950 and completed an initial withdrawal without issues. According to the complaint, a second withdrawal of $3,250 was approved by the broker but never arrived , after nine business days, the funds had still not been received despite STMARKET claiming they were sent.

Screenshot submitted by the user with the complaint (2026-05)

This pattern , a small test withdrawal clearing, then a larger one stalling , mirrors red flags seen across the brokerage industry and may point to liquidity or operational problems. While other user reviews include positive experiences, the documented gap between an approved payout and actual receipt carries weight when real funds are involved.

Final Thoughts

STMARKET has operated since 2006 and holds an active SERC license, giving it legitimate regulatory footing. But its WikiFX score of 5.45 and a documented case where an approved $3,250 withdrawal allegedly never materialized make it hard to recommend without reservations. Cambodia's light-touch regulation places the burden of reliability on the broker , and available feedback suggests that reliability has been inconsistent.

Before opening an account, verify STMARKET's SERC license directly, start with the minimum deposit, and test a small withdrawal early. The WikiFX App provides real-time access to STMARKET's latest score, regulatory records, and user complaints , use it to stay informed before committing larger funds.