The broker provides trading services on its own platform, featuring a range of instruments like currencies, CFDs, and cryptocurrencies. Based on the age of its domain, StockScale began its operations in 2022 and is incorporated in Saint Kitts and Nevis. However, it lacks a regulatory license. What are your thoughts on the trustworthiness of this firm?
The broker provides various trading accounts, including demo, standard, pro, and VIP options, with a special swap-free Islamic account available, although it can be withdrawn without notice. Trading is conducted in euros, dollars, and pounds sterling, with spreads being either fixed or variable. The minimum deposit required is $250, with leverage going up to 1:400. Traders can engage in CFDs on stocks, indices, commodities, and cryptocurrencies. StockScale’s trading platform is accessible across all devices and offers educational resources and 24/7 technical support. Referrals can be made via a link, and account verification requires proof of identity, address, and bank card ownership.
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Conclusion
Based on the provided information, StockScale is a brokerage firm offering a variety of trading accounts, including special provisions for Islamic trading. It allows trading in major currencies, with a range of financial instruments such as stocks, indices, commodities, and cryptocurrencies. Despite its offerings, the firm’s legitimacy is questionable due to its offshore registration, lack of a regulatory license, and recent establishment in 2022. The broker admits a high percentage (91%) of its traders do not profit, raising concerns about its investment viability. Mixed reviews on withdrawals further cloud the picture. Potential investors should exercise caution and conduct thorough research before engaging with StockScale, as the risk of fraudulent activities appears significant.
FAQ
Is StockScale a good option for high returns on investment?
The likelihood is low: the broker itself reports that about 91% of its customers do not make any profit.
Can I successfully withdraw money from StockScale?
Opinions vary, with both positive and negative feedback existing. To help form a clearer picture, please share your experiences.
Is there a risk of being scammed on stockscale.io?
Given its offshore status and recent establishment, there’s a significant risk of fraudulent activity.
How should I share my experiences with StockScale?
Complete the provided form to ensure your feedback is documented and shared. How can I identify if StockScale is operating a scam? Conduct thorough research and be wary of entities offering guaranteed, easy profits.
