STB Markets Review – Avoid An Anonymous Fraud Broker

At first, this website seemed like it belonged to a shady offshore provider. However, upon noticing a London address, we were on greater alert. Turns out we got an anonymous financial swindler on our hands. Read more about this fraudster’s misdeeds in the STB Markets Review.

On top of that, we seriously recommend you not to invest in the fake brokers RXK Capital, BN93, and TBanque. Do not trade with these unlicensed brokers if you want to save your money!

STB Markets – A Fraudulent CFD Broker Without A License?

That’s correct. Since the fraudulent broker didn’t reveal who runs the whole business, we only had the UK address and phone number to start with. It made it easy for us. 

All we had to do was check the register of the UK’s Financial Conduct Authority (FCA), a strict and demanding regulator that oversees all financial market activities in the country. Here’s what we found – there’s no STB Markets in the database.

By the way, this London International Bank ltd has nothing to do with our little con artist. The address and reference number are different. The company is unauthorized anyway. To sum up, not only is STB Markets anonymous, but it’s also unlicensed!

STB Markets is an anonymous scam broker that claims to provide Forex, CFD and crypto trading. The fraudster mainly engages in fraud in the UK, France, Canada, Belgium, France and Australia.

Why Is It Safer To Choose Regulated Brokers?

Here are the demands set by the FCA that brokers have to meet in order to operate in the UK:

• Minimum operating capital of 730,000 GBP;
• Negative balance protection;
• Segregated funds in a top-tier bank;
• Leverage restriction for retail clients (1:30);
• Transaction reporting;
• Compensation scheme in case of bankruptcy (up to 85,000 GBP).

That sounds awesome. Quite the conditions you’d want to have when investing & trading. Of course, you can forget about all of it if you trust the unlicensed STB Markets.

A Warning Issued by the CSA

To put the final nail in STB Markets’ coffin, we shall post the warning issued by the Canadian Securities Administrators against this unscrupulous broker. Have fun bailing out of this one, STB Markets.

It’s great that at least one regulator reacted to this foul scheme. We hope our review and similar ones will raise awareness and help stop this scammer.

Bonuses And a Fraudulent Scheme

As is the case with most illicit providers, there are bonuses available. We must stress that reputable regulators such as the FCA banned bonuses a while ago. Precisely because scammers always use them as pretexts to prevent clients from making withdrawals.

When a broker issues an appealing bonus, there’s always a shady clause in there that sets an unrealistic condition for traders that they have to fulfill before withdrawing. Namely, this is usually an insane trading volume requirement that involves the bonus.

In other words, you lose all your profits up to that point. We also believe that the phony broker won’t allow you to withdraw even the initial deposit.

What Platforms Does STB Markets Offer? – Available Trade Software

STB Markets devoted an entire page to describing and promoting its platform, but it’s nothing more than a WebTrader. This is an oversimplified browser-based platform devoid of any advanced features. It only offers some basic charts and TA indicators.

While it may be good for absolute beginners, it just won’t cut it later on. For a great trading experience, you’ll need Meta Trader 4 or Meta Trader 5 as well as a licensed broker.

STB Markets Range Investment Opportunities – Trading Instruments

When it comes to trading assets and instruments, STB Markets did its homework and provided quite a wide range. But, since there’s no demo account, we weren’t able to confirm it. Nevertheless, here’s an overview of the instruments:

• Forex currency pairs – EUR/USD, GBP/CHF, AUD/JPY…
• Indices – S&P500, UK100, NIKKEI225…
• Commodities – coffee, crude oil, natural gas…
• Metals – gold, silver, platinum…
• Stocks – Samsung, Netflix, L’Oreal…
• Crypto – BTC/USD, ETH/USD, XAU/USD…
• NFTs – CoolCats, Meebits, PUNKS Comic…

STB Markets Fraud Risk Zones – Service Countries

We did our research to find out where this terrible scammer looks for potential victims. Here’s a list of countries where STB Markets left its trace:

• The UK;
• Australia;
• Canada;
• Belgium;
• France.

On similarweb.com, we found that the activity on the website spiked in October 2022 with a total of 16,100 visits. Aside from Canada and Belgium, most of the clicks came from Bulgaria (35.05%). 

In addition to the above, we strongly advise you not to invest in MarketsBank, RacFX and VirtusCapital fraudulent brokers.

Luckily, the CSA issued a warning against STB Markets and we hope other regulators will do so too.

What Do We Know About STB Markets Account Types?

Here’s an overview of the available account types at STB Markets:

• Main – 0 $;
• Bronze – 2,500 $;
• Silver – 10,000 $;
• Gold – 25,000 $;
• Platinum – 50,000 $;
• VIP – 100,000 $.

Red flag alert – it seems that the main account is free, but in the FAQ section, STB Markets says that the minimum deposit is 250 $ after all. So, the main account isn’t actually a demo account, there’s no such thing on the website.

All we found was a promo code option in the registration menu, which the scammer sends to clients it considers suitable to be defrauded. 

As for the trading conditions, leverage is fixed at 1:100, which is not in line with the legal limit of 1:30 for FX major pairs. 

The spreads for the benchmark EUR/USD pair start from 0.4 pips. That’s great but matters little at this point. Despite the broker claiming that there are no commissions, and we don’t rule out that STB Markets charges a lot.

STB Markets Payment Methods

This is where the scam kind of unfolds. STB Markets accepts only payments in Bitcoin. This didn’t surprise us since scammers prefer crypto transactions. It enables them to remain anonymous even if the payment is traced to their wallet.

Allegedly, withdrawals take from two to seven business days, but the aforementioned bonus policy is there to prevent them. All that we have outlined in this review reeks of a scam.

STB Markets Broker Scammed You? – Please Tell Us Your Story

Your experience will help us a lot. We could warn more regulators and finally put an end to this foul plot. But don’t worry if you’ve been scammed, we won’t leave you stranded. It would be our pleasure to help you get a refund.

What Is the Chargeback Procedure?

Since STB Markets accepts payments only via Bitcoin, it’s impossible to determine the scammer’s identity. However, it is possible to trace the transaction to the crypto wallet within an exchange.

Once that’s done, you can request a refund from the exchange and hope for the best. Please, give us a call and we’ll hook you up with a team of experts that will assist you.

Here you can book a free consultation and find out what to do for a start.