StakingTrades Review – All The Reasons Not To Trust Broker
StakingTrades Review – All The Reasons Not To Trust Broker

StakingTrades made some big statements, presenting its offices in the UK, Ireland, and Australia. Yet, the whole disclaimer doesn’t mention any regulation, which raised a red flag. Upon thorough StakingTrades review, we concluded this firm is a scam. Here’s why.

Broker status:Offshore Broker
Regulated by:Unlicensed brokerage
Blacklisted as a Scam by:N/A
Owned by:N/A
Headquarters Country:Marshall Islands
Foundation year:2022
Supported Platforms:WebTrader
Minimum Deposit:$250
Types of Assets:FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage:1:500
Free Demo Account:Yes
Accepts US clients:No

What About StakingTrades Regulation?

StakingTrades claims to be a brand of STG CONSULT PLC, incorporated in England. Besides, the company allegedly has a branch in Australia under the name ST Group Ltd. At the same time, the official address is in Dublin. So, we have 3 Tier1 regulatory zones and no regulations.

Just for the record, none of these companies ever entered any commercial register in the UK, Ireland, or Australia. On top, the broker says the governing law is the law of the Marshall Islands, leading us to suspect this is another unregulated offshore cyber-fraud.

In order to add to the above, we strongly advise you not to invest in fraudulent brokers Invest Flow, TowerBridge and Fusionfx24.

Why Must A Broker Have a License?

A broker must have a license to increase safety and ensure that clients are reimbursed. Regulators such as the FCA, ASIC, or a CB of Ireland ensure that Forex firms have compensation funds to compensate potential victims in case of insolvency or any other issues.

Since StakingTrades is an unregulated brand and the alleged owner doesn’t exist, we can only advise you to be careful.

Traders Reviews About StakingTrades

The reviews mainly describe issues traders are going through, from signing up with the broker through a fraudulent crypto ad Bitcoin Revolution to being unable to make any withdrawals since the company is refusing to process requests or maintain any contact.

Please, also remember the names of Dualix, Inertia Finance and Holding Partners scams and avoid them at all costs! Also, always check the history of online trading companies before investing!

What Platforms Does StakingTrades Offer? – Available Trade Software

StakingTrades offers only a proprietary WebTrader. While it’s not as bad as some we’ve seen, it still lacks some basic tools. For example, there are no EAs and social trading is not enabled. All you can do is overview the trading assets, apply indicators, switch chart types, and check your trading history.

If you’re considering online investing, we advise you to look for a legitimate firm with MT4 or MT5.

All About StakingTrades Accounts

StakingTrades has 5 account types:

  1. Silver – 5,000 EUR
  2. Gold – 10,000 EUR
  3. Platinum – 25,000 EUR
  4. VIP – 100,000 EUR
  5. Diamond – 250,000 EUR

The higher your account, the more bonuses you can get, the shorter the time necessary to process the withdrawal request, and you’re entitled to higher leverage.

Countries Where StakingTrades Scam Is Active

Our review has shown that the majority of StakingTrades complaints come from:

  • Germany
  • Austria
  • Netherlands
  • Switzerland

StakingTrades Range of Trading Instruments & Markets

StakingTrades provides trading on 5 most significant markets, including:

  • Forex – EUR/USD, GBP/USD
  • Cryptocurrencies – BTC, ETH, XRP
  • Commodities – Oil, gold, silver
  • Indices – S&P500, NASDAQ
  • Shares – FB, AMZN

About StakingTrades Trading Conditions

StakingTrades offers unregulated leverage of up to 1:500. Regulators have set a limit to 1:30 or 1:50 for the Forex market, ensuring your funds are not exposed to too high risk. Furthermore, the spread, swap, and other relevant trading conditions are nowhere to be found, meaning you’re risking investing your funds with this illicit firm.

Bonus Policy StakingTrades

Bonus Policy StakingTrades

The company has a malicious Bonus Policy, requiring you to repay the bonus amount plus the initial deposit 30 times before getting a penny back. This is why regulators forbid bonuses and other incentives to prevent scam firms from extorting funds through clauses like this.

StakingTrades Deposit, Withdrawal Methods, and Fees

StakingTrades accepts the following payment methods:

  • Bank wire
  • Credit/debit cards
  • E-wallets
  • Bitcoin

The same methods are available for withdrawals. Allegedly, the withdrawal request can take up to 4 days to be processed and additional time for the money to appear in your bank account. However, the company is not applying this policy, leaving clients to wait indefinitely. The Terms and Conditions suggest that there are no withdrawal fees for credit cards, while nothing’s mentioned for any other payment method.�

Scammed by StakingTrades Broker? – Let Us Hear Your Story

If you find yourself a victim of the StakingTrades scam, it’s time to ask for help. This broker will not return your money voluntarily, so you will have to file a dispute for a chargeback while you still have this option.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the fraudulent transaction. Contact us via online chat to book a FREE consultation with our experts and we will help you file a dispute immediately. Let’s act fast and get your money back!

What Is StakingTrades?

StakingTrades is an online Forex and CFD trading provider claiming to be based in the UK. However, it’s an offshore firm.

Is StakingTrades a Scam Broker?

StakingTrades provided us with fake information about the owner and has no license.

Is StakingTrades Available in the United States or the UK?

StakingTrades provides its services in the UK, but it doesn’t operate in the US

Does StakingTrades Offer a Demo Account?

The company offers a Demo account, but note that your problems will start when you invest real money.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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