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Stock Trade Invest Review - is it scam or safe?

Stock Trade Invest Review - is stocktradeinvest.com scam or good forex broker?

RATING: 1 / 1 REVIEWS Stock Trade Invest
Stock Trade Invest is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Account type Minimum deposit Min. trade size Maximum Leverage Spread
Basic  250 EUR 0.01 1:400 2 pips spread
Silver  1000 EUR 0.01 1:400 N/A
Gold  1500 EUR 0.01 1:400 N/A
Platinum 10 000 EUR 0.01 1:400 N/A

 

Stock Trade Invest offers the above account types for trading in wide range of financial instruments. Actually, the broker has three more accounts (Black, Diamond and Prestige), but they require an initial investment of at least EUR 25k, so we have not included them in the above table. You’d better not invest much money in unregulated brokers such as Stock Trade Invest.

 

 

Stock Trade Invest Advantages

 

Many asset classes covered

Stock Trade Invest offers trading in numerous forex pairs, including minor and exotic ones, as well as wide range of CFDs. The latter include indices, commodities, a lot of stocks and many cryptocurrencies available in various pairings.

 

In case you are keen on trading in cryptocurrencies, however, Stock Trade Invest might not be the best choice for you. Here is a list of forex brokers offering Bitcoin trades that are reliable and licensed.

 

 

>> Trade Bitcoin with a well regulated broker <<

 

 

Seemingly good trading conditions

Although Stock Trade Invest has not specified any of its trading conditions on the website, one can look them up on their web platform even without logging in. So, it seems that clients of this broker are able to use high leverage levels, reaching 1:400, to trade in micro lots and the spreads are in line with the average in the industry, fixed at 2 pips. For further information on spreads, you can check out our real-time spread comparison page.

 

 

>> Spreads of top brokers compared <<

 

 

Stock Trade Invest Disadvantages

 

Not regulated, FCA warning

This broker is allegedly owned and operated by STOCKTRADEINVEST LTD., a company registered in the United Kingdom. There is even a certificate of incorporation uploaded on the broker’s website, however, this is by no means a valid forex broker license.

 

 

Forex and CFD providers offering their services in the UK have to be licensed by the Financial Conduct Authority (FCA). Stock Trade Invest, however, is not. What is worse, the FCA has issued a warning against it, so you’d better stay away from this broker. Many of those unregulated brokers run investment scams.

 

 

Instead of the most widely used platform in the industry, the MetaTrader 4, Stock Trade Invest uses some web based platform that is too simplified, and lacking any analytics whatsoever. Here is a preview:

 

 

Limited payment methods, initial deposit a bit high

Stock Trade Invest uses only bank wire transfer and credit/debit cards as payment methods, while most brokers usually offer several e-payment systems, such as Skrill and/or Neteller, and besides, most of those who facilitate trading in crypto CFDs, also allow deposits in Bitcoin.

 

Another thing we don’t like about Stock Trade Invest is the fact that it demands an initial investment of 250 EUR. While this may not sound like too much, many reputable and licensed brokers require less. For example, one can open an account with industry leader IG by depositing just a couple of pounds.

 

 

Conclusion

               

Stock Trade Invest is not a broker we can recommend. It seems to operate out of the UK with no license whatsoever, and the local financial watchdog has warned the public against it. On top of that, its offer is not all that tempting – spreads fixed at 2 pips on EUR/USD, some oversimplified web platform, and trashy website with no information on trading conditions.

 

We always encourage our readers to deal only with regulated brokers, as those operating without a forex broker license are most often scams. Besides, if you invest with a licensed broker, you get certain protection, and there are designated bodies who monitor the activity of the financial services provider.

 

For example, the UK’s FCA requires licensed brokers to maintain a capital of EUR 730 000 as a guarantee of their good standing; to keep clients’ funds in segregated accounts; to report transactions on a regular basis; and to be members of the FSCS.

 

 

>> Looking for a broker regulated in the UK? <<

 

 

To sum up our opinion on Stock Trade Invest:

 

Pros Cons
Many asset classes covered Not regulated
Seemingly good trading conditions FCA warning
  Limited payment methods
  Initial deposit a bit high

 

 

Latest news about Stock Trade Invest
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Traders` reviews for Stock Trade Invest

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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Consulenza

Cari signori, buongiorno, sono Caciuc Doina Laura sono la cliente di Stock Trade Invest e Giorgio Ferrari e Paolo Orlandi mi hanno bloccata.
Ho bisogno di un broker per poter lavorare con la società e deblocare il mio account e fare prelievo.
Per cortesia ho bisogno di consulenza.
Grazie, cordiali saluti Laura


Translated by Google:

Dear gentlemen, good morning, I am Caciuc Doina Laura I am the customer of Stock Trade Invest and Giorgio Ferrari and Paolo Orlandi have blocked me.
I need a broker to work with the company and debloc my account and make a withdrawal.
Please I need advice.
Thank you, kind regards, Laura

Doina - Laura Caciuc 05/09/2019
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