stockfxmarkets.com is a CFD brokerage website with a domain registered on June 17, 2024. It primarily offers trading services for financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies to retail and institutional clients. This broker does not provide services to jurisdictions where it would violate local laws or regulations.
Company Registration and Regulatory Status:
Public information on stockfxmarkets.com shows that the full name of the brokerage company is Stock Fx, headquartered in London, UK. It is also listed as one of the top 50 financial services companies in the UK.
Upon verification, neither the UK's Companies House has a registered company named Stock Fx, nor does the Financial Conduct Authority (FCA) authorize or regulate a company named "STOCK FX LTD." Therefore, stockfxmarkets.com is actually an unregulated broker with no company entity, making it a fraudulent brokerage website.
Additionally, the design and content of stockfxmarkets.com are eerily similar to other fraudulent brokerage websites like vip-marketsh.com, Gold Harbor Finance, trustwalletltd.com, prudential-ltd.com, fxdecodefxs, and ogm-fx.
Account Opening Process:
To open an account on stockfxmarkets.com, visit the broker's website, click "Open Account" on the homepage or the top-right corner, and fill in your email address and set a password as required. The broker will send a verification code to the provided email. Enter the code into the registration form and submit. After submission, the account will be successfully registered. Note that identity verification is required before depositing and trading.
Trading Account Information:
The stockfxmarkets.com website only discloses information about spreads, leverage, and contract sizes. Details regarding account types, trading commissions, minimum/maximum trade sizes, maximum positions/orders, margin call/stop-out levels, and minimum price increments are not provided.
- Spread: Floating spread, starting from 1 pip
- Leverage: 1:100
- Contract size: 1 lot = 100,000 currency units
Trading Platform:
stockfxmarkets.com claims to offer the ST5 trading platform for both desktop and mobile, which includes over 50 technical indicators and intraday analysis tools, along with functions for advanced traders.
Deposits and Withdrawals:
stockfxmarkets.com does not explicitly disclose the supported methods for deposits and withdrawals, associated fees, or minimum deposit/withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that stockfxmarkets.com is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like vip-marketsh.com, Gold Harbor Finance, trustwalletltd.com, prudential-ltd.com, fxdecodefxs, and ogm-fx. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
