Seastock24 Review: Why You Should Avoid This Offshore Firm
Seastock24 claims to be a recognized provider of financial services that offers investment goods, such as CFD trading and FX. Over a thousand world-class assets, including currencies, equities, commodities, and indices, are available for investment on their high-tech trading platform, which is available to clients worldwide.
As these are some strong claims, we decided to check them and conduct this Seastock24 review so you know if it is worth working with them.
Seastock24 Regulation and Funds Security
In terms of regulation, Seastock24 doesn’t have one. This alone is a red flag and you should stay away from this or any other scam brokers alike.
Not only does Seastock24 offer unauthorized financial services but since they have no regulation, this means they don’t need to oblige to certain laws that are usually set with being regulated.
In other words, they are nothing but a scam company that is looking to take as much money as possible from you. Continue reading our Seastock24 review for more.
Trading Platform Supported Overview
A lot can be said about the manipulative trading software they are offering. First of all, you can’t access it without signing up.
The trading platform available is some sort of web trading software but it demands a deposit before you can take a further look into it. This is another red flag as legitimate brokers always provide demo accounts that clients can use to see what they are getting into.
Offshore companies like this one, operate with just one goal and that is to scam you out of your money, and that’s why it is impossible to check anything out before you make a hefty payment.
Funding Methods Available at Seastock24
When it comes to deposit methods, Seastock24 offers only two and those are the following:
- Visa or Master credit or debit card
- Wire transfers
Looking at these options, many people will say that is more than enough, but when you are working with a regulated and legit broker, you would have much more deposit methods available.
On top of that, this fraudulent broker asks for a minimum deposit of $5,000. That is a ridiculous amount to ask considering they are unregulated.
Seastock24 Account Types Available
After a further investigation of the Saestock24 broker website, we found a mention of these account types:
- Beginner- This account requires a $5,000 initial deposit and has a 1:10 leverage.
- Trader- This one is from $10,000 and has a leverage of 1:20.
- Expert- Starts from $25,000 and has 1:30 leverage.
- VIP- From $50,000 with leverage of 1:40.
- Exclusive- The last account type which requires at least $100,000 and gives traders a 1:50 leverage.
Seastock24 Offers Bonuses and Promotions
Seastock 24 does offer a bonus, but like with any other investment scam out there, you will only have issues. This is because you will not be able to withdraw the money once you get the bonus unless you reach a certain turnover.
Truth be told, it’s impossible to reach their desired turnover which means you will not be able to get your money.
How the Scam Is Undertaken
Like many scam brokers, Seastock24 will make an ad where they will state people have made huge amounts of money by investing with them and using their trading software. Once you have your details, that’s when the scheme tactics begin.
The company’s agents will start by sending you emails which then will turn into constant phone calls. When they get you on the line, agents will do anything and everything in their power to get you on board. And of course, the more you invest the more you will make.
Don’t fall for those cheap tricks and always do the needed diligence and research before you invest.
While conducting this broker review we found that Seastock24 is an offshore broker that follows no regulations and therefore offers no safety for trader’s funds. The minimum deposit requirement is set at $5.000, which is another red flag as many legit companies ask for as little as $10.
The broker also offers 5 different account types, each one designed for traders with bigger investments. Broker says they offer a demo account for potential traders, but once you try to access it, this feature does not work.
Lastly, Seastock24 has only two deposit options which are wire transfer and debit/credit card deposit.
FAQs About Seastock24 Broker
Does Seastock24 Offer a Demo Account?
Seastock24 does offer a demo account in order for traders to try out their services before signing up, but it doesn’t work.
What Is The Minimum Deposit at Seastock24?
The minimum deposit requirement Seastock24 has is $5,000 even for total beginners.
What Instruments Are Available for Trading with Seastock24?
This broker offers a variety of instruments including: crypto, indices, energies, shares, metals, and futures.