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STC Trade -

Score

1.51 /10
Danger

STC Trade

Canada

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://en.stcforex.com

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Comparison

Quantity 10

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.98

Risk Management Index0.00

Software Index4.00

License Index0.00

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

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

CH FINMA
2018-08-02
Warning List - Suisse Trade Center Ltd.
STC Trade

Broker Information

More

Company Name

STC Trade Development Limited

Company Abbreviation

STC Trade

Platform registered country and region

Canada

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-12-22
  • 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.

WikiFX Survey

Danger

STC Trade

United Kingdom

WikiFX Verification

Exposure

10 pieces of exposure in total
Pyramid scheme complaint
Expose

    News

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

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

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    User comment

    2

    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.
    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.
    Translate to English
    2022-12-06 19:15
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    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
    I don't know about British company, but Canada's company is good and legit, I am working there within a year
    Translate to English
    2022-10-25 23:27
    Reply
    1
    1
    10