Stockglobal.com Review: Stock Global a Scam Broker?
Welcome to Stockglobal.com review. Stock Global is a broker situated in an off-shore location just like CoinShield Limited. StockGlobal offers multiple account types with minimum deposit starting at $250.
In addition to this, Stock Global is touting institutional-grade liquidity, fast order execution and competitive spreads.
StockGlobal offers the popular MetaTrader 4 platform for trading which is a good thing. However, besides what their marketing materials depict, we still have serious concerns with this broker.
It is never about what a broker tells you but rather it is always about whether a broker is regulated and has a reputation.
StockGlobal claims that they have registered 1,300,000 accounts so far. This claim is unverifiable because according to Alexa ranking, this site does not even receive 50 visitors per day.
So how did they get this number of traders to open an account at StockGlobal?
Anyway, even if you’ll skim through this StockGlobal review, make sure that you’ve read the very important sections of our review in order to understand our concern.
However, if you’re here wondering what Forex automated products or signals you should use on your mT4 account, just find the recommended products on this page and if you’re not sure, please contact us.
StockGlobal.com Review
StockGlobal is operating out of Marshall Islands and are providing a wide range of trading instruments.
Their site says that Stock Global broker is providing currency trading, indices, metals, energies, futures and shares.
Website domain stockglobal.com was first registered in October 2009 and has been on sale up until recently when the company behind Stock Global decided to purchase it.
Stock Global does not provide details of the company’s background. Instead, their about us page is filled with promotion materials that describe how the broker provides competitive spreads, innovative trading platform, fast execution and so on.
This is purely for marketing purposes and as serious traders, we should be knowing which people are running this company and what their intentions are in the long term.
In addition to this, StockGlobal is providing Forex Glossary on their website so that beginners can learn the basic terminology of Forex trading.
Account types offered by StockGlobal.com broker are as follows:
Bronze
Min Deposit: $250
Spreads: From 2.8 pips
No commissions
Execution: STP, Market, No requotes
Leverage: 1:300
Trading terminal: MetaTrader
Account Currency: USD
Symbols: 50 currency pairs, 45+ CFD
Trade size: from 0,01 up to 50 lots
Unlimited Open Positions
Stop Out Levels: 5%
Personal account manager
Scalping: Allowed
News Trading: Allowed
Silver
Min deposit: $2,000
Spreads: From 2.5 pips
No commissions
Execution: STP, Market, No requotes
Leverage: 1:300
Trading terminal: MetaTrader
Account Currency: USD
Symbols: 50 currency pairs, 45+ CFD
Trade size: from 0,01 up to 50 lots
Unlimited Open Positions
Stop Out Levels: 5%
Personal account manager
Scalping: Allowed
News Trading: Allowed
Expert Advisors: Yes
Gold
Min Deposit: $10,000
Spreads: From 1.5 pips
No commissions
Execution: STP, Market, No requotes
Leverage: 1:300
Trading terminal: MetaTrader
Account Currency: USD
Symbols: 50 currency pairs, 45+ CFD
Trade size: from 0,01 up to 50 lots
Unlimited Open Positions
Stop Out Levels: 5%
Personal account manager
Scalping: Allowed
News Trading: Allowed
Expert Advisors: Yes
Platinum
Min deposit: $50,000
Spreads: From 0.1 pips
No commissions
Execution: STP, Market, No requotes
Leverage: 1:300
Trading terminal: MetaTrader
Account Currency: USD
Symbols: 50 currency pairs, 45+ CFD
Trade size: from 0,01 up to 50 lots
Unlimited Open Positions
Stop Out Levels: 5%
Personal account manager
Scalping: Allowed
News Trading: Allowed
Expert Advisors: Yes
StockGlobal.com review: An offshore-registered broker
The company that owns and operates Stock Global is allegedly known as Longsdale Capital Ltd.
This is not immediately obvious when you visit the website of this broker.
But now that we know, we can start from somewhere.
You see, Marshall Island is an offshore location where Forex brokers do not fall under any regulatory oversight.
As a result, clients who deposit funds with StockGlobal may not be assured of any security. Their funds may be at risk.
Since StockGlobal is operating from an offshore zone, it means they’re not entitled to offer any kind of financial services to residents of countries like America, Europe, Australia and so on.
It basically means that if Stock Global is offering services to residents of these continents, it’s only a matter of time before they be blacklisted by the respective financial oversight authorities of those regions.
We don’t know about you but for us, we can never trade with an unregulated broker who conducts business in an offshore location.
There’s a blacklist warning already!
This is an update of our previous statement regarding the regulatory status of StockGlobal.com.
We have actually discovered that Stock Global was blacklisted by Belgium’s FSMA because they were illegally targeting Belgian market with their Forex and CFDs products.
The FSMA has also warned that if traders invest their money to these offshore and unregulated companies, they will not be able to recover the monies invested.
StockGlobal.com review: Demo spreads don’t match those of live account
It appears that StockGlobal’s demo accounts are meant to deceive traders into upgrading to a live account.
We tested their spreads on a live account and realized that a pair like EURUSD was attracting 2.8 pips which is twice as much as the industry’s standards.
Their demo is telling a different story.
This definitely means that the broker is intending to trick investors into opening and depositing money into their live MT4 accounts.
White label brokerage
The company’s MT4 trading platform is offered by a third-party which means that Stock Global is just a white label broker.
Akiv Ltd is the third party in question which is also in charge of a brand called Asset Gate brokerage.
Conclusion
The Belgian financial authority is right about StockGlobal.com and their illegal service.
We feel that this is a shady Forex broker and using their service poses a financial risk.
We have always recommended that traders use regulated and well-reputed brokers as opposed to dodgy ones like Stock Global.
We will never understand why some naive traders are going to the lengths of testing these sharks with money when it’s clear that the risk is not worth it.
Thanks for reading our StockGlobal.com review. If you have something to say, please make use of the comment section.
Pierre
Hello,
I am one of the victims of stock global. I have invest 215k€ in August 2019. Today I am still trying to get my money back. They have trade for me and my account is at 462k. I am requesting a withdrawal but they always find excuses to be sure I don’t get the money.
Is there a little bit hope that I can recover my money?
Who can help me?
Thanks
Pierre