Abstract：The CySEC issued an official warning against StockValo on September 22th!!!
Investors who are still trading forex at StockValo had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!
Let us start with the most important – the recent warning issued on September 22th against StockValo (stockvalo.com) issued by the CySEC, the body that oversees the markets in Cyprus. You may check the warning on the screenshot below. It states the firm is not authorized by it and should be avoided!
WikiFX also paid a visit to the broker‘s official website to learn more. Stockvalo claims to be licensed as a broker by two of Europe’s most respected regulators, Cyprus Securities and Exchange Commission (CySEC) and UK's Financial Conduct Authority (FCA).
The CySEC license is obviously a blatant lie given the warning shown above. And a check of the FCA database shows that there is neither an authorized company with that name, nor a broker using the Stockvalos trade name and domain.
In fact, the registration number provided by the Stockvalo belongs to a completely different company, Trust Capital TC Ltd. Fraudsters often illegally use the details of legitimate companies.
Furthermore, on its website, the broker claims to have access to Metatrader 4:
That is not the case – any attempt to download the platform leads to the following error page. Stockvalo clearly does not have the technological capabilities to offer the services it claims.
In addition, Stockvalo claims to offer three types of trading accounts, but their descriptions lack information about basic trading parameters such as leverage and order execution method. A minimum deposit of 500 USD is specified. You should be aware that for ten times less you could open a starter account with a number of licensed brokers, including industry leading brands.
Now let's search “Stockvalo” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.
As you can see, based on information given on WikiFX, Stockvalo currently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.
Please note that WikiFX has already warned that the Cyprus CYSEC regulatory (license number: 369/18) claimed by Stockvalo is a suspicious clone:
Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.
In a nutshell, it's not wise to invest in Stockvalo, which has been blacklisted as a scam by the Cyprus Securities and Exchange Commission (CySEC). WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!
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