StockScale Review – Can We Trust Any Offshore Registered Company?
As can be seen, StockScale brokerage nowhere mentions security provided by the company, which is logical since there is none. Not to mention, the office is based offshore without any credible details available.
In any case, this firm is operated by Preparme Limited, which is registered in St. Kits and Nevis. To find out if that’s a good or bad sign read this StockScale review in detail.
|Is This Company Safe?
|Have Warnings From:
|St. Kits & Nevis
|Cryptos, forex, indices, shares, commodities
|Free Demo Account:
|How To Withdraw From This Company?
|Considering a warning from Canadian authorities, quite shady conditions and platform, it’s highly possible none of the withdrawal requests will be successfully processed. In those cases, you can contact our refund experts and get detailed guidance on how to recover the funds.
Legal Info: Is StockScale Legit Or A Scam?
The first sign of a StockScale broker scam is that they claim not to offer services to US residents. Yet, analytics show they do. On top of that, the company is not regulated to provide FX and CFD trading services, primarily not with top-tier regulators like CFTC, FCA, ASIC, or BaFin.
With this in mind, all the company’s security features, such as negative balance protection, become unreliable. Thus, there’s nothing more we could expect from an offshore investment firm. Moreover, this scam firm appears in the warning list of trusted Canadian regulator – CSA.
Who Are StockScale’s Victims?
Regardless of the company’s regional restrictions, it seems they will target anyone they want. In this case, the most popular options are:
- United States
These countries are often first hit by scam companies. Mainly due to the higher percentage of wealthy individuals these firms are thriving for. But if you are one of those who got ripped off by a StockScale trading firm, feel free to contact us for a refund consultation.
Literally, everything you can imagine about trading scams is present with this firm. At least, that’s what we can realize from StockScale Trustpilot reviews. This text-book scam does not hesitate to reach anyone who has the money.
Therefore, it’s quite important to recognize their tricks and avoid the traps, such as non-existent fees and taxes, fake margin calls and verification problems. If any of these occur, contact our refund experts immediately for consultation. But to expand your knowledge about scam brokers, check our NFL Markets review.
Leverage, Commissions, Spreads, Fees and Taxes
The key issue with offshore brokers is their leverage. In this case, it can go up to 1:400. Even though the company mentions negative balance protection, without regulations, those features are highly unreliable.
In addition to that, the company is not revealing any trading-related costs, such as spreads, fees, commissions, or overnight swaps. Therefore, you can see plenty of room for manipulation.
One of the main scamming tricks with this firm is hidden within the bonus policy. Even though they don’t reveal the exact amount of the bonus credit, the principle is the same. None of the bonus funds or the funds gained with it are withdrawable. But think about it. Who makes a decision, and what’s made with a bonus? The answer is this shady broker!
StockScale Trading Features
If you are looking for any advanced options, you won’t find them with StockScale WebTrader, even though the company advertises platforms for Windows and Mac Devices. Yet, if they offer any, these would be transparently accessible, such as cTrader or MetaTrader. But the ones offered are not.
Trading Platforms Available
Without social and copy trading, Expert Advisors or advanced analytical tools, you can’t expect insane progress. In fact, that’s why StockScale scam broker doesn’t offer any of these features on their web-based platform.
Instead, they want you to believe their fictive results and trust them with more money. But to see how to avoid those traps with shady platforms, read our Bullbit review.
Available Trading Assets
Tradable instruments with scam brokers are traders’ last concern. The biggest one is the withdrawal. But to be fair, if this company was licensed, their offer would be reasonably good. Yet, without regulations, it’s just a list consisting of:
- Forex – GBP/EUR, USD/EUR
- Indices – CAC40, FTSE100
- Shares – AMD, IBM
- Cryptos – ETH, DOT
- Commodities – natural gas, silver
As can be seen, the company requires more and more money for higher scaled accounts, yet with minimum benefits offered. But even the ones offered can’t be considered benefits because there’s a higher leverage and even more concerning spreads.
Also, it looks like the company will accept $250 to get you on board, but shortly, they will try to extort more money from you. In any case, the options are:
- Test – $5.000
- Standard – $25.000
- Pro – $100.000
- VIP – $250.000
Mobile Trading App
Another key detail missing is a trusted mobile app developed by this firm. Therefore, all iOS and Android users have to use web browsers on mobile devices to access trading accounts. To be fair, not the most convenient option.
Even though the company offers Islamic accounts on all options, there’s no demo account available, which is a huge disappointment considering the hidden trading platform. But in general, that tells you about the company’s transparency.
When it comes to crucial education, the company is poorly equipped there as well. Instead of webinars, live sessions and trading groups, they are only offering general trading articles. Even though it might be helpful, it can’t be compared to live lessons.
In total, the StockScale withdrawal procedure may take up to 25 business days. That’s quite a long wait for your funds. Especially when you know that top-tier licensed firms provide withdrawals within 24 hours.
On top of that, there’s a clear statement fees will be charged for withdrawals. Yet, the percentages are not disclosed. So, you can expect the unexpected.
Another key issue is the mediocre customer support available with the company. Indeed, they provide a phone line, but most likely, it’s a VOIP service. Meaning useless.
Since the company doesn’t declare any working hours, traders can only hope for a quick response. But if they are looking for their funds, most likely they won’t get any.
Key Information To Consider About StockScale
Primarily, the company has been operating without adequate regulations. Secondly, a warning was issued against them. This is not surprising considering the company’s conditions, platform, and withdrawal conditions.
In any case, if you experience any trouble with this firm, contact us for refund advice. Our experts can offer you a first consultation for free and if you want your money back, to guide you through the whole process.
What is StockScale?
StockScale is an offshore FX and CFD trading firm offering services since 2023 with zero credibility among traders.
Is StockScale a Legit Broker?
Not at all. The company is not listed in any database of regulated entities. Instead, they are in the list of blacklisted brokers by Canadian CSA.
How to File a Chargeback Dispute?
The first step is to file a dispute claim to the bank issuer. But to avoid any mistakes there and get the process declined, contact our specialists for advice.