STB Markets is a fraud that put some effort into a good presentation. The broker’s website was found at https://stbmarkets.com/, and it looked good. Also, their trading platform was really decent. Moreover, STB Markets looks to give relatively decent circumstances. There are, however, a number of things about this broker that disturbed us. This company is unknown and unlicensed and tries to induce clients to agree to some awful terms. If you invest with STB Markets you will probably get cheated. Read a complete STB Markets review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.
STB Markets Review – How safe is to invest here?
The UK’s Financial Conduct Authority (FCA), a tough and demanding regulator that controls all financial market operations in the nation, just required us to look up their register. What we discovered is that STB Markets is not present in the database.
By the way, our small scammer has nothing to do with this London International Bank Ltd. The reference number and address are different. The business is nonetheless illegal. In conclusion, STB Markets is not just unlicensed but also anonymous.
Scam broker STB Markets purports to offer trading in forex, contracts for difference, and cryptocurrencies. The fraudster primarily targets the UK, France, Canada, Belgium, France, and Australia while committing fraud.
STB Markets received a public warning from the regulatory authority of Autorité des Marchés Financiers (AMF) and Belgium – Financial Services and Markets Authority (FSMA). STB Markets are blackisted by these authorities and not able to provide financial services in their nation.
STB Markets offers a wide range of trading instruments across trading markets forex, stocks, commodities, metals, indices, cryptocurrencies, and NFTs.
Customers can open a basic account for the broker’s services for as little as $250, which is a respectable starting balance. There are much better brokers who provide Micro accounts for $100 or less, though.
On forex major, we were permitted to use a leverage of 1:100. The leverage caps that are in place in the UK – up to 1:30 for retail traders – prevent any legitimate UK broker from providing such high leverage. High leverage trading can result in greater gains as well as greater losses.
The spread we received on the EURUSD was excellent—o.4 pips. The broker, however, has made no mention of its additional commissions. If they’re significant, they might make it difficult for you to make respectable profits.
How does STB Markets Scam Work?
Scammers use many tricks in order to give you the idea that you are earning money easily and rapidly, fraudsters frequently send you some returns first. They can acquire your trust in this way. To extract as much money as they can from you, they frequently ask you to make more investments or to recruit family members and friends to do the same.
They will suspend or close your account when they believe you are unable to invest any more money in the fraud, and you won’t likely hear from them again. In order to appear trustworthy in the eyes of potential customers, many scam companies falsely state that they are headquartered in a regulated jurisdiction by using fictitious locations and regulation licenses.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is STB Markets broker Legit or a scam: Conclusion
It is clear from the STB Markets review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from STB Markets and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Scammed by STB Markets? Scam Helpers can help
If you are a victim of the STB Markets scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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