StocksCM is a forex broker that is located in the Saint Vincent and the Grenadines. In the review below, we take an in-depth look at the features StocksCM.com allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about Stock CM Forex broker.
Table of Contents
Stock CM Trading Platform
The website that StockCM Ltd. provides looks professional and well-designed. This brokerage does not support the MT4 or MT5 trading platform. They use a custom trading platform that offer assets such as Forex (with leverages up to 1:100) CFDs, Indices, Stocks, and Precious metals
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The company page claims that StocksCM is the first name that comes to mind when you think of a top-notch trading platform. And that their trading solutions are sophisticated enough for experienced traders yet simple enough for those with less experience.
They do not give any prove to back up these claims and simple look at the domain registry shows that the website was created on 15th October 2019 and will expire 2020.
Stocks CM Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that stocks CM forex has three account types
StocksCM Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
According to the dashboard, traders can use the Credit/Debit cards, crypto wallets, and via phone (deposit by phone) to fund their account
This broker claims not to have any withdrawal fees but after going through the legal documentation we found the claims to be false.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is StocksCM Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
Stocks CM claims to be registered in Saint Vincent and the Grenadines under license number. St Vincent and the Grenadines is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others.
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Minimum Trade Deposit $100
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Stockscm.com as they don’t give any information concerning if they are a regulated broker.
Stockscm.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.
Stocks CM is 100%is a scam , they will offer a sympthetic ear and then rip you to shreds,you will not see your deposit again these people and others like them should be put down, No mercy these are common thieves, willtake your money and dump you , DO NOT HAVE ANYTHING TO DO WITH THEM.They colaborate with Estonian Mafia and undoubtably money launder, these people are filth. Unfortune ately the Police are useless in catching these criminals ,