The British Virgin Islands is one of the offshore places hosting many unregulated brokers. When you open a trading account, you should check where the broker is located and whether it has any trading regulations. Let’s see our StockCore review and decide if this broker is legit or not.
|Regulated by:||No regulation|
|Headquarters Country:||The British Virgin Islands|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, stocks, cryptocurrencies|
|Free Demo Account:||No|
StockCore Regulation and Security
StockCore is a broker owned by Konstos Markets Ltd based in the British Virgin Islands. According to their website, the company is operating since 2009. The company provided some registration number; however, when we tried to check the FSC BVI register, we could not find any mention of StockCore or Konstos Markets Ltd. This means that the company does not have a regulation to provide financial services. Furthermore, it means that your funds and personal data are not safe.
Be aware of the StockCore scam.
What countries does the broker operate in?
As an unregulated broker, the company has no permission to provide financial services in any country. According to reviews we found, it seems that the broker operates mainly in the UK, Netherlands, Belgium, Switzerland, Australia, and Singapore.
There are no restricted areas for this broker, so wherever you are, be careful and do not fall for its scam.
Warnings From Financial Regulators
Since the broker claims it’s based in the British Virgin Islands, we have checked the FSC register. And instead of regulation, we found a warning! The FSC warns everyone that the company does not have their authorization to operate. Besides FSC, the same warning came from Italian CONSOB.
Now for sure, we can tell that this broker is not legit.
Can I make money with Stockcore?
Can you make money with any unregulated broker? Of course not. When the company has no regulation, nobody is supervising their activities. If nobody is watching, there is no reason for such brokers to follow any rules and comply with any laws. Therefore, they can scam as much as they want until someone notices it.
When we talk about StockCore broker, first of all, you can execute trades only on the web trader. This is risky because web traders are easy to manipulate. Another thing, the broker provides leverage of up to 1:100, which is putting your money at high risk. The minimum deposit with the company is $250, and most regulated brokers require $100 or even less.
And in the end, the broker has warnings against it due to scams it did. So, the answer is no, you cannot make money with StockCore.
Scammed by Stockcore?
If you were scammed by a StockCore broker, there is a possibility to get your money back. You need to request a chargeback and ask for the funds back.
But what is a chargeback?
It’s a way of refunding your card in case you were a victim of an online scam. Contact our support via chat now, and let’s get your money back!
Is Stockcore a good broker?
StockCore is an unregulated offshore broker. We cannot say it’s good or safe.
Is Stockcore a Scam?
The broker has regulatory body warnings saying it’s a scam company.
Is Stockcore regulated?
No, StockCore has no regulation by any regulatory body.
Are Funds Safe with Stockcore?
No, your funds are not safe with this unregulated offshore broker.