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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