StockSphereDaytrading is a forex broker officially registered on February 23, 2024. This broker provides users with numerous trading markets through platforms like MT4, MT5, and cTrader, including forex, commodities, indices, bonds, digital currencies, stocks, futures, etc. It does not operate in the United States, Canada, Israel, New Zealand, Japan, and Iran.
Corporate Registration Information and Regulatory Status:
Public information on the official website of StockSphereDaytrading shows that the broker has multiple corporate entities and is regulated by different regulatory bodies.
In the United States, the registered corporate entity of the broker is StockSphereDaytrading Ltd, with the registration number 9291655-2. This entity is authorized and regulated by the "Financial Services Authority of the United States", with the license number RD07599. In Australia, the registered corporate entity is StockSphereDaytrading Ltd, with the registration number 123 289 109, regulated by the Australian Securities and Investments Commission (ASIC), license number 342893. In Cyprus, the registered entity is StockSphereDaytrading (EU) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 493/16. Additionally, in the Bahamas, the registered entity is StockSphereDaytrading Ltd, with the registration number 36424 C, regulated by the Securities Commission of the Bahamas (SCB), license number PIA-F629. Furthermore, the website footer of StockSphereDaytrading displays copyright ownership by Raw Trading Ltd.
Upon verification, there is no financial regulatory authority named "Financial Services Authority of the United States". The ASIC's official website shows the entity registered under the number 123 289 109 is INTERNATIONAL CAPITAL MARKETS PTY. LTD, and this entity along with Raw Trading Ltd belongs to the brokerage IC Markets. The entity with license number 342893 is DJA CAPITAL PTY. LTD, a private financial services consulting company. Also, CySEC has no record of an entity with license number 493/16, and SCB does not have a financial classification named PIA.
Therefore, part of the corporate registration and regulatory information displayed on the StockSphereDaytrading official website is fabricated, while another part is plagiarized from other companies.
Account Opening:
To open an account with StockSphereDaytrading: Visit the broker's homepage, click on "OPEN AN ACCOUNT" to enter the account registration page, fill in personal registration information as requested and submit. After submission, the account will be successfully registered.
Trading Accounts:
StockSphereDaytrading offers three different types of trading accounts: cTrader Account, Raw Spread Account, Standard Account.
cTrader Account:
- Trading platform: cTrader
- Trading commission (per lot): $3.0 (round turn $6.0)
- Spread: from 0.0 pips
- Minimum initial deposit: $200
- Leverage: 1:500
- Server location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFDs trading: Supported
- Stop out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading methods: All
- Order distance limit: Unlimited
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $3.5 (round turn $7.0)
- Spread: from 0.0 pips
- Minimum initial deposit: $200
- Leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFDs trading: Supported
- Stop out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading methods: All
- Order distance limit: Unlimited
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $0.0
- Spread: from 0.6 pips
- Minimum initial deposit: $200
- Leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFDs trading: Supported
- Stop out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading methods: All
- Order distance limit: Unlimited
- Programming language: MQL4
Trading Platforms:
The official website of StockSphereDaytrading claims to provide trading platforms such as MT4, MT5, and cTrader, but it does not offer any download links, and a broker named StockSphereDaytrading cannot be found on these platforms.
Deposits and Withdrawals:
StockSphereDaytrading supports deposits and withdrawals using credit/debit cards, e-wallets, and other methods.
Conclusion:
Traderknows reminds investors that StockSphereDaytrading is actually an unregulated scam website. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
