Stockstotrade is a notorious scam broker that has defrauded many unsuspecting investors. Apart from this broker, several other brokers have done the same thing, taking advantage of their anonymity.
In this post, I bring Stockstotrade and its counterparts to the spotlight, hoping to help someone out there avoid falling victim.
1. Stockstotrade
www. stockstotrade.com
Stockstotrade is a fake trading platform posing as a marketplace for stocks, ETFs, forex, cryptocurrencies, futures, options, bonds, and commodities. The company also claims to offer investors an opportunity to buy or sell real estate and mutual funds.
Notably, it’s unlicensed and unregulated. This means that investors have no legal recourse in the event of financial losses as a result of its fraudulent practices.
Further, Stockstotrade com poses as a free trading platform with no fees, commissions, and other charges. This is a trick just to get you to deposit money so that the scammers can take it away.
Despite the trick, there’s a catch.
Stockstotrade Imposes Monthly Or Yearly Subscription Fees
Notably, the platform is subscription-based. This means that to access it, you must first pay either a monthly subscription fee of $179.95 or a yearly subscription fee of $1899.50.
Additionally, the company supposedly offers a 14-day trial plan. Notably, the trial plan is not free. It goes for a whopping $7, a clever way to con people since the money is non-refundable.
A Loss Can Take a Serious Toll On You However Small It Is
When it comes to day trading, losing any amount even as little as $7 can set you back a great deal. It can lead to a serious psychological impact that may leave you with fear, anxiety, and stress. This can affect your decision-making abilities even in the future when you find a trustworthy trading platform.
After interacting and studying Stockstotrade for some time, I’ve come to realize that it’s not a trading platform per se. It’s a mere website offering ebooks and videos guiding you about day trading and everything else in between. It’s a big scam because the services it offers are not really worth paying $179.95 per month or $1899.50 per year.
Lost Your Funds To Stockstotrade Or Another Scam Broker?
If so, and you have evidence, you should report your case to the appropriate authorities rather than engaging the services of a private scam recovery firm. After all, most scam recovery services have been proven to be another type of a scam. To do so, go to this page, or email scamread@scamreader.info.
Other Top Scam Brokers As Dangerous As Stockstotrade
1. Immediate Edge
www.immediateedge.ai
Besides Stockstotrade, Immediate Edge is another well-known scam trading platform pretending to offer an AI-powered algorithm. The so-called software supposedly analyzes the cryptocurrency markets and pinpoints profitable trading opportunities.
Similar to Stockstotrade, the company behind this purported trading platform is unlicensed and unregulated, leaving investors susceptible to their dubious practices.
It supposedly offers five different trading accounts valued at between $250 and $50,000 or higher. This means that, as far as the scam trading platform goes, investors stand to lose more than $50,000.
For more about this fake trading platform, be sure to read my comprehensive Immediate Edge review. Please note that the entity works with unscrupulous content creators to paint the platform in a good light. It’s important to not fall for the false positive Immediate Edge reviews present online.
2. CPWM Broker
cpw-management.ch
In addition to Immediate Edge, CPWM is another notorious scam trading platform that has left many investors with significant financial losses. For starters, CPWM is an abbreviation for, “the Centers Plan Wealth Management.”
It’s an unlicensed and unregulated shell company that operates under the domain “cpw-management.ch.” The platform falsely claims to be a marketplace for CFDs, charging traders minimum deposits between $5000 and above. All this money goes into the pockets of scammers.
Due to its widespread fraudulent activities, the Swiss Financial Market Authority(FINMA) has flagged it, warning investors to steer clear. In addition to that, Trustpilot also warns that it’s a scam trading platform with many complaints.
For an in-depth analysis of CPWM, be sure to read my comprehensive CPWM review.
3. Futu Pro
futu-pro.org
On top of Immediate Edge is Futu Pro, one of the most dangerous websites to visit if you are a trader looking for an online trading platform. The site “futu-pro.org” falsely poses as a legitimate CFD trading platform.
Notably, Futu Pro mimics an authentic trading platform known as “Futu Holdings LTD”, which operates under the domain “futuholdings.com.”
It’s important to avoid attempting to visit futu-pro.org. I recently found out that these websites, which belong to the same company, employ next-gen phishing tactics. They are full of attackers ready to inject malicious software onto your device. Consequently, this can reveal your crucial details such as your credit card number, ATM PIN, and so on.
Futu Holdings LTD(futuholdings.com), on the other hand, offers a good marketplace for a wide range of assets including some of the most well-performing stocks currently. For those who are interested in futu stock, you can safely visit futuholdings.com to check out futu stock price in real-time.
For an in-depth analysis of this dangerous scam entity, be sure to read my comprehensive Futu Pro review.
4. Flaregain
www.flaregain.com
With Flaregain, you can be sure that your money will disappear with a flare. It’s a fraudulent trading platform that has defrauded a significant number of investors, especially those in Europe and Asia.
The company claims to be headquartered in the United Kingdom with a physical presence in different countries such as Austria, the Netherlands, and Singapore. However, none of these countries have registered, licensed, and authorized its operations. This means that it’s an illegal entity operating without oversight or accountability, leaving investors vulnerable to their illicit practices.
Flaregain.com is a false trading system for cryptocurrencies, indices, stocks, currency pairs, and commodities. Once you deposit money(the minimum deposit ranges between $250 and $250,000) and start trading, you’ll make good profits. Unfortunately, you won’t be able to withdraw them because the company will close down your account and ghost you.
For more insights about this brutal scam broker, be sure to read my comprehensive Flaregain review. You can also watch my brief Flaregain YouTube video to discover more about this con artist.
5. Essex Group Incorporated
www.essexg.com
If you come across Essex Group Incorporated, you better run so fast as an investor. Operating under the domain essexg.com, this is not a legitimate platform to trade forex, digital currencies, stocks, commodities, CFDs, and ETFs.
It’s a scam website designed to fool you into depositing money to start fake trading thinking that you are doing real trading. Everything on this so-called trading platform is bogus, from the trading instruments to the signals to the features.
As expected, the company is unregistered, unlicensed, and unregulated. Its listed physical address is fake, falsely indicating it’s located in København, Denmark when in reality, the scammer operates from Poland.
For more about this fraudster, be sure to read my comprehensive Essex Group Incorporated review.
6. ExpertOption
www.expertoption.com
Is Expertoption legit? The answer is NO. Don’t be deceived by the false Expertoption reviews online. Those reviews are created by unscrupulous content creators who have been paid by this crafty broker.
Expertoption has managed to defraud more investors than any scam broker you know, thanks to the company’s aggressive, persuasive, and persistent YouTube advertising strategy. Operating under the domain, it’s not recognized by any major regulatory authority such as the FCA, CFTC, ASIC, FMA, CySec, and FINMA.
Instead, it claims to be a registered member of the Financial Commission.
Being a Member of The Financial Commission Really Does Not Mean Anything
It is important to note that a broker can be a member of the Financial Commission and still scam traders. After all, the FC is merely a private dispute resolution firm, focusing primarily on resolving disputes. The firm is not even licensed by any regulator.
What’s more, some scammers may falsely claim to be members of this commission when, in reality, they are not. The Financial Commission has issued a warning about dubious brokers falsely claiming to hold membership with them and Expertoption may not be an exception.
Many traders condemn ExpertOption for retaining people’s funds and not processing withdrawal requests. They warn that the broker makes the withdrawal process unnecessarily difficult, requiring documents that it later rejects for no apparent reason. This fraudulent broker does that to find an excuse to cancel a withdrawal process and retain the money.
For more about this scammer, be sure to read my comprehensive expertoption review.
My Final Thoughts On Stockstotrade and The Other Scam Trading Platforms
Stockstotrade and the other entities above are serial scammers. Posing as trading brokers, these entities have silently defrauded many unsuspecting investors for so long.
It’s high time somebody exposed them to help someone protect their money. These scammers now work with unscrupulous content creators to create content that paints their platforms in a good light. Don’t let such content deceive you.
Stockstotrade And Other Fake Trading Platforms Frequently Asked Questions
1. If Stockstotrade and the other entities mentioned above are scams, why then are so many customers praising them online?
Well, Stockstotrade and its fellow fraudsters may have paid unscrupulous authors to write favorable reviews.
2. Why did you conclude that Stockstotrade and the other companies above are fake trading platforms?
Stockstotrade and its counterparts exhibit numerous red flags consistent with fake trading platforms.
3. How do I find a trustworthy scam recovery service and recover my money if Stockstotrade or any other entity above has scammed me?
It’s difficult to find a legitimate scam recovery firm as most of these firms are set up with an intent to take a “retainer” or “upfront fee” and disappear. As such, it’s better to work with the authorities for free.