ANSWER Stoctex is an unregulated trading platform with trading conditions being too good to be true. Therefore, it is imperative to stay vigilant and steer clear of it.Although it provides an address in the UK to appear legitimate, it remains an unlicensed platform. According to the warning from the Financial Conduct Authority (FCA), Stoctex fails to seek the required authorization to operate in this country and thus its offerings are illegal within this jurisdiction.Stoctex's lack of necessary license strongly suggests that it is not a reliable investment platform. By trading with this unlicensed website, investors are exposed to fraud and identity theft. To minimize the risk of such disasters, it is advised to choose fully regulated brokers.
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