STB Markets Review: Details Regarding This Scam Broker
While some of you may believe that the STB Markets website appears authentic, we are here to dispel any and all such thoughts because such careless assumptions will result in a quick loss of money and a compromised identity.
Since we are experts in our field, you can trust that the following STB Markets review is accurate. We regularly see fake companies like this one and are able to identify them.
We had a lot of issues with this shady broker. This unknown, unlicensed business tries to get customers to accept some dreadful terms. Investing with STB Markets will most likely result in fraud; stay away!
|177 Shaftesbury Avenue, London, WC2H 8JR
Regulation and Fund Security at STB Markets
Despite claiming to be based in the United Kingdom, STB Markets does not appear to be governed by the FCA. The regulator’s database was searched, but no results were found. Additionally, the broker provides bonuses and leverage of 1:100, which are both against UK legislation.
By choosing this brokerage, you will support an illegal business, which will have no positive consequences. These scam brokers are not overseen by anyone and have not been subjected to any requirements prior to providing services.
No additional information is provided. Returning to the UK situation, only one mention is made of the UK address. Further evidence of the STB Markets scam is not necessary. This broker is a fraud and completely unregulated. Any personal data could be exploited, and all invested money would be lost.
Trading Software Available at STB Markets
WebTrader is a decent web-based trading tool provided by STB Markets. This software is quite functional and user-friendly. It has decent charting and analytical capabilities, as well as extras like a profit calculator, market headlines, and an economic calendar. However, automated trading or copy trading did not appear to be an option.
The presence of a nice trading platform does not justify choosing a shady broker. The majority of reputable brokerages provide sophisticated, user-friendly trading systems.
STB Markets Account Types Offered
STB Markets broker has six account types available for clients to choose from. There are Main, Bronze, Silver, Gold, Platinum, and VIP. The minimal deposits for each of them are rather high, and investing that much is risky, especially when the business in question is illegal.
The range of options is quite large, but still, this is an investment scam, and you should not open any of the accounts they offer. Furthermore, there is no option to open a demo account.
Deposit and Withdrawal Methods
STB Markets allegedly does not impose fees for deposits or withdrawals. Bitcoin ended up being the only available deposit option. Due to the anonymity and irreversibility of such payments, this disturbs us.
If your payment has already been made, you cannot request a chargeback. Due to this, we only advise traders to use this payment method with companies that are completely trustworthy.
How the Fraud has Carried Out
Forex brokers engage in a variety of scams. Managed account fraud is the most common tactic used by fraudulent brokerage firms. Offshore or unregulated dealers will entice clients to open a managed account managed by a senior analyst by promising huge monthly returns.
Scam brokers who refuse to let you withdraw your funds are common. An agent may refuse to release an investor’s funds for a number of reasons, but the most common ones are the trader’s acceptance of bonus funds or failure to read the terms and conditions carefully.
Unauthorized credit card transactions are another common scam. In the event of theft, using a credit card rather than a debit card allows for payment objections. This is the best safeguard a trader can have. Investors who authorize bank account direct debit withdrawals are engaging in extremely risky behaviour.
STB Markets Summary
This STB Markets review is just one of many on the subject of fraudulent, offshore, unlicensed scam brokers that we have discovered. Do not let the number of fraudsters discourage you from investing if you are serious about it. As we mentioned, there are excellent agents out there, and we gave you a short list to choose from.
Furthermore, if you have been a victim of fraud, do not be shy or ashamed; report it!
It is never too late to get your money and dignity back, but you have to make a move. If you need assistance with that in any way, please let us know so we can report the scam brokers. You are not alone, something like this can happen to anyone.
FAQs About STB Markets Broker
Can I Trust STB Markets Broker?
No, nobody can or should trust STB Markets broker, they are unregulated and anonymous.
What Kinds of Accounts Does STB Markets Provide?
STB Markets provides six account types: Main, Bronze, Silver, Gold, Platinum, and VIP.
What Is STB Markets Minimum Deposit Amount?
The minimum deposit amount at STB Markets is $250, as per their FAQ page.