Stocktrade Elite is a CFD broker with its official domain registered on October 22, 2023. This broker mainly provides investment services in forex, cryptocurrencies, indices, stocks, energy, and commodities markets to investors, and does not offer services to countries and regions where it might violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on the Stocktrade Elite (www.stctrdelite.com) official website, the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). Apart from that, the broker has not disclosed any company entity registration information or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) did not find a regulated company named "Stocktrade Elite".
Therefore, Stocktrade Elite (www.stctrdelite.com) is essentially a scam broker site with neither a company entity nor any regulation.
Account Opening Process
The account opening process for Stocktrade Elite trading accounts is as follows: Open the broker's official website, click “Open Account” on the homepage or “SIGN UP” at the top right corner to enter the account registration page. Fill in personal information such as name, email, and set a login password as required, and submit. After submission, verify the account to complete the registration successfully.
Trading Instruments
Stocktrade Elite offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Indices trading allows speculation on the performance of an entire market or specific sector without trading individual stocks. By exploring popular indices, traders can discover diverse trading opportunities and leverage to maximize potential returns.
- Commodities: Commodities trading covers key global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in public company price fluctuations, earning price changes and dividends based on company performance without owning the actual stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
The Stocktrade Elite official website does not disclose information about account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, or minimum price precision.
Trading Platform
Stocktrade Elite offers users a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with more than 12,000 orders executed per second from comprehensive liquidity providers.
Deposits and Withdrawals
Stocktrade Elite does not support deposits and withdrawals via credit card or bank wire transfer; it only supports cryptocurrencies for depositing and withdrawing funds.
Conclusion:
Traderknows reminds investors that Stocktrade Elite is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation, and the contact method is limited to email. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
