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

STF Trading Group

Canada|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

http://stftrading.group/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
STFtrading-DEMO MT4
Server Location France

Contact

139-0000-0000
contact@stftrading.com
http://stftrading.group/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

139-0000-0000

Broker Information

More

Company Name

STF Trading Group Limited

Company Abbreviation

STF Trading Group

Platform registered country and region

Canada

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-02-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0525364) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

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Pyramid scheme complaint
Expose
Scam

With the guise of recruitment, it is simply a scam!

In August 2019, I went to Chengdu Yinshi Investment Co., Ltd. to apply for a trader position. After attending the training provided by the company, I signed a part-time trader contract with the company for a probation period assessment, and paid more than 100,000 yuan as margin. During the probation period, the company would provide the corresponding system account for foreign exchange trading operations. Afterwards, the company cleared me out of the company in November of the same year on the ground that I hadn’t go through the trial period. According to what I learned, the actual controller of the company is Xu Yucheng. The affiliated companies include Chengdu Yinshi Investment Co., Ltd., Shengxing Yuanda Business Information Consulting (Chengdu) Co., Ltd., Chengdu Shengzhixing Information Technology Co., Ltd., and Yinjia. Xingfu (Chengdu) Technology Co., Ltd. and Chengdu Tianzhitu Technology Co., Ltd.. Actually, there are three office addresses in Chengdu, namely, No. 6 on the 12th floor of Mingyu Financial Plaza in Jinjiang District (Chengdu Tianzhitu Technology Co., Ltd., legal representative Tang Junchen, Xu Yucheng is the major shareholder of the company), SAC Sichuan Airlines Plaza 1603, Qingyang District (the company previously listed is Shengxing Yuanda Business Information Consulting (Chengdu) Co., Ltd., now is Chengdu Shengxingxing Information Technology Co., Ltd., and the legal representatives are all Xu Yucheng), and Room 1018, Block C, Maoye Center, High-tech Zone (Yinshi Investment Co., Ltd., legal representative Xu Yucheng). At the same time, there is an agent in Chongqing (Chongqing Langsen Information Technology Co., Ltd., 15-16 Building 4, Yangzijiang Business District, No. 5 Longshan First Road, Longshan Street, Yubei District, Chongqing), a direct company (Sichuan Xingyuan Zhixing Technology Co., Ltd. Company, Chongqing World Financial Center), and two agents of Sichuan Nedazhou Shenghuang Business Co., Ltd. and Sichuan Quanjin Gold Information Technology Co., Ltd. The above companies have been recruiting foreign exchange / financial / futures traders (traders) in 58 city, Zhilian recruitment, and BOSS all year round, attracting a large number of candidates. After participating in the company ’s onboarding training for about 5 days, a margin was needed, a certain amount determined by the size of the fund in the account. For example, to operate an account of 10,000 US dollars, the applicant needs to pay a 10% deposit, that is, 1000 US dollars as a deposit (actually payment will be in line with the exchange rate of the day). When the applicant passes the trail period, he could use the corresponding account to trade and earn the salary and dividend. In fact, 99% of the traders failed to pass the company's probation period assessment. They would be asked to add fund after forced liquidation. The platform would also withhold your margin with excuses. The platform that the company provides for foreign exchange transactions is STF Trading, a company that claims to have a Canadian financial regulatory license. Actually, it is a facade company established overseas by Xu Yucheng, the actual controller of the aforementioned company. Later, we figured out that the above-mentioned companies used the guise of recruitment to cheat margin. At present, a large number of victims have called the local police. Take heed on it.

FX1617967982
2020-04-30 19:24

STF Trading Group · Company Summary

NOTE: STF Trading Groups official site - http://stftrading.group/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

STF Trading Group Review Review Summary
Founded 2019
Registered Country/Region Canada
Regulation NFA (Unauthorized)
Trading Platforms MetaTrader 4
Customer Support Contact Number: 139-0000-0000
Email: contact@stftrading.com
WeChat: STF TRADING GROUP

What is STF Trading Group Review?

STF Trading Group, founded in 2019 and registered in Canada, is a financial entity that offers trading services through the popular MetaTrader 4 platform. The trading platform's choice, MetaTrader 4, is a widely used and recognized platform in the industry, known for its user-friendly interface and comprehensive features. The group claims to provide access to various financial instruments for traders.

However, it's important to note that the current status of NFA regualtion claimed by STF Trading Group is Unauthorized. Potential investors should be cautious when considering STF Trading Group, given its lack of regulatory authorization. This absence of oversight raises concerns about the platform's credibility and investor protection.

Pros & Cons

Pros Cons
  • Reliable Trading Platform
  • Unauthorized NFA License
  • Multiple Contact Channels

Pros:

  • Reliable Trading Platform: STF Trading Group Review offers access to MetaTrader 4. MT4 is widely regarded as a reliable and popular trading platform in the financial industry.

  • Multiple Contact Channels: STF Trading Group Review provides various customer support channels, including Contact Numbers, Email and WeChat, which can be beneficial for quick and convenient assistance.

Cons:

  • Unauthorized NFA License: STF Trading Group currently holds an unauthorized status with the NFA, signaling a potential lack of regulatory oversight. This situation raises red flags regarding the platform's credibility and the protection it offers to investors.

Is STF Trading Group Review Safe or Scam?

Licensed as Common Financial Service License with No.0525364 , the current status of National Futures Association (NFA) regualtion claimed by STF Trading Group is Unauthorized.

Regulatory oversight is crucial for ensuring the transparency and reliability of trading platforms, and the lack of authorization from a reputable entity like the NFA suggests potential risks for investors. Additionally, the unauthorized status implies that STF Trading Group may not adhere to the regulatory standards and investor protection measures set by financial authorities. This can expose investors to a higher likelihood of fraud or malpractices, as unregulated entities operate without the necessary checks and balances.

unauthorized NFA license

Trading Platforms

STF Trading Group Review has opted for the widely acclaimed MetaTrader 4 (MT4) as its trading platform. MT4 is renowned for its user-friendly interface, catering to traders of all levels. The platform stands out for its advanced charting and analysis tools, allowing users to conduct in-depth technical analysis with various timeframes and indicators.

A key feature is the support for automated trading through Expert Advisors (EAs), enabling the creation and deployment of algorithmic trading strategies for efficient and precise trade execution. MT4 is highly customizable, allowing traders to tailor charts and indicators to their preferences.

With multi-asset support, MT4 accommodates trading in various financial instruments, including forex, commodities, indices, and cryptocurrencies. The platform prioritizes security, employing robust measures such as encryption protocols to protect sensitive information.

MT4

Customer Service

STF Trading Group offers customer support through various channels. The inclusion of a phone number (139-0000-0000) provides investors with a direct means of communication, allowing them to reach out for assistance or inquiries. Furthermore, the inclusion of an email address (contact@stftrading.com) adds a formal communication channel. Investors can use email to convey detailed queries or concerns, and it provides a documented record of interactions.

In addition to traditional communication methods, the mention of a WeChat account (STF TRADING GROUP) suggests an alternative messaging app for customer support.

Conclusion

STF Trading Group offers services through the MetaTrader 4 platform. However, a critical aspect that raises concerns is the current unauthorized status listed by the National Futures Association (NFA), a regulatory agency. The absence of regulatory authorization implies a lack of oversight, potentially exposing investors to higher risks and reduced credibility.

While the choice of the MetaTrader 4 platform is a positive aspect in terms of usability and features, investors should weigh this against the risks associated with the platform's unauthorized status. Furthermore, the customer support options provided, including a phone number, email address, and WeChat account, offer communication channels, but the effectiveness and reliability of support remain uncertain.

Frequently Asked Questions (FAQs)

Q 1: Is STF Trading Group Review regulated?
A 1: No, it operates with the regulation of NFA, whose current status is Unauthorized.
Q 2: How can I contact STF Trading Group Review customer support?
A 2: STF Trading Group Review offers customer support through phone contact at 139-0000-0000. You can also reach them via email at contact@stftrading.com. And the WeChat account STF TRADING GROUP is also available.
Q 3: What trading platform does STF Trading Group Review use?
A 3: STF Trading Group Review utilizes the MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced features.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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Comments

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Hdaay
more than one year
TF Trading Group seemed promising with its attractive promotions, but my actual experience was quite disappointing. The platform's use of slippage, stop-hunting, and market manipulation resulted in quick losses. There are claims that the displayed funds are virtual, and real money is essentially gambled within the platform. My advice: approach STF Trading Group cautiously and do thorough research before diving in.
2024-01-09 18:11
Reply
0
0
简单化
more than one year
100% Scam. Stay away. You will get several telephone calls a day, from different numbers. So blocking is not an option. They are spoofing telephone numbers from your country, so you might answering the call. But don't be fooled by their sweet talk!
2022-12-07 17:03
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0
0
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