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Please be aware of the risk!
Warning: Low score, please stay away!
Previous Detection: 2021.04.23 Risk: 1 Item
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MT4/5
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Company Name : StocksCM
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Company Abbreviation : StocksCM
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Place of registration : |
Regulatory Status : No Regulatory
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Customer Service Email Address :
compliance@stockscm.com
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Customer Service Phone Number :
+448449864883
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Company summary
StocksCM was founded in 2019 and is a St. Vincent and the Grenadines registered Forex and CFD broker. StocksCM is not currently effectively regulated by any regulatory body. About More
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The data are from WIKI Research
2021.04.23 updated
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Basic Information & Regulation of StocksCM
StocksCM was founded in 2019 and is a St. Vincent and the Grenadines registered Forex and CFD broker. StocksCM is not currently effectively regulated by any regulatory body.
Is StocksCM Safe or a Scam
The primary requirement for a forex broker to be safe is that it is formally regulated. StocksCM is an unregulated brokerage firm, which means that the safety of clients' funds and trading activities are not effectively protected. Therefore, this broker is most likely a scam, and investors should stay away from this StocksCM forex broker.
Market Instruments of StocksCM
StocksCM offers investors popular financial instruments, mainly Forex currency pairs, indices, stocks, CFDs, commodities, and cryptocurrencies.
Accounts & Leverage of StocksCM
To meet the investment needs and trading experience of different investors, StocksCM offers four different types of accounts: Silver (minimum deposit of 250 EUR), Gold (minimum deposit of 10,000 EUR), Platinum (minimum deposit of 50,000 EUR), and VIP (invitation only). Leverage is up to 1:100 for Silver, 1:200 for Gold, 1:300 for Platinum, and 1:400 for VIP.
Spreads & Commissions
The official StocksCM website provides real-time spreads for each trading instrument. There is no information about commissions.
Trading Platform Available of StocksCM
Instead of the most popular MT4/MT5 trading platforms, StocksCM offers its traders the specially developed StocksCM online trading platform. MT4 is the gold trading platform for Forex and CFDs, and it has an online group that constantly monitors it so that brokers do not add software to their advantage, so traders who offer an in-house trading platform instead of MT4/MT5 are inherently suspicious and should use it with caution.
Deposit and Withdrawal of StocksCM
StocksCM supports traders to deposit and withdraw funds from their investment accounts via wire transfer, VISA, MasterCard credit/debit cards, and e-wallets (APM, EFT, etc.).
Pros & Cons of StocksCM
The main advantages of StocksCM are:
1. Over 200 tradable assets
2. A large number of trading and learning tools
3. Four account types to choose from
The main disadvantages of StocksCM are:
1. Not subject to any regulation
2. High minimum deposit amounts for gold and platinum accounts
3. Non-MT4/MT5 trading platforms
4. No US clients
5. Fewer deposit and withdrawal options
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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