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Stock Trade

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Operating status: SCAM

Website: https://stock-trade.co.uk/

Broker violations and abnormal records
  • 2023-08-03 The UK FCA issues a warning against Stock Trade

    On August 4, 2023, the Financial Conduct Authority (FCA) issued a warning against Stock Trade, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/stock-trade

    On August 4, 2023, the Financial Conduct Authority (FCA) issued a warning against Stock Trade, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/stock-trade
  • 2023-08-06 BrokersView has reviewed that Stock Trade is an unregulated broker

    Stock Trade claims to be regulated by Financial Control Regulatory Authority (FCRA.ORG.UK). However, there is no such an authority in the UK. What's more, Stock Trade claims to be regulated by the Financial Conduct Authority (FCA), which is denied by the FCA in a warning against Stock Trade.

    In essence, Stock Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Stock Trade claims to be regulated by Financial Control Regulatory Authority (FCRA.ORG.UK). However, there is no such an authority in the UK. What's more, Stock Trade claims to be regulated by the Financial Conduct Authority (FCA), which is denied by the FCA in a warning against Stock Trade.In essence, Stock Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Is Stock Trade legal??

Mohamed Gad
Myanmar
2023-08-29
ANSWER No, Stock Trade is not legal.On Stock Trade's website, it claims to be regulated by the Financial Control Regulatory Authority (FCRA.ORG.UK). But the UK has no such regulatory body. The platform's deceitful behavior raises a red flag.What's more, Stock Trade purports to be regulated by the Financial Conduct Authority (FCA). However, the claim is denied by the FCA in a warning against Stock Trade.Therefore, Stock Trade is a scam. Once an investor's money and personal information are held by the platform, there are no legal protections to prevent fraud or identity theft. It could be financially and personally devastating. To mitigate such risks, it is strongly advised against dealing with unregulated brokers like Stock Trade and to choose a fully regulated one.
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