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STC Trade -

Scam Brokers

Score

1.39 /10

Danger

STC Trade

Item: STC Trade
Rating: 1.39

Canada

Scam Brokers

2-5 years

Suspicious Regulatory License

MT4/5 White Label

The server is only located in China.

High potential risk

Influence

Better than 10% brokers

Open Account

Website

Score

License Index0.00

Business Index6.09

Risk Management Index0.00

Software Index4.00

Regulatory Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Influence

Better than 10% brokers

Website

Open Account

Licenses

FCA Suspicious Clone

Market Making(MM)

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open for free

Broker Information

Company Name

STC Trade Development Limited

Company Abbreviation

STC Trade

Platform registered country and region

Canada

Company website

https://en.stcforex.com/

Pyramid scheme complaint

Expose

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This platform is a Ponzi Scheme. Please stay away! 5

Previous Detection : 2022-10-04

This broker bas been verified to be illegal and all of its licences have been expired, and it has been listed in WikiFX's Scam Brokers list; please be aware of the risk!

The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.