StockGlobal (Stockglobal.com) is another cruel CFDs and Forex broker to hit the lucrative trading world. Stock Global is claiming to offer currency pairs, energies, futures, indices, metals, and shares. Upon further scrutiny, damning details have emerged revealing the type of platform this is. Members are up in arms after having their account withdrawal request ignored and trading accounts blocked. Read this detailed and honest STOCKGLOBAL Review and get the truth.
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After receiving numerous email complaints from users of this platform, we knew something was amiss. Most investors are having trouble accessing this broker as their calls are either blocked or cancelled. Reaching any of their account managers has proved to be impossible. Avenues such as mobile chat services have all gone under which solidifies our belief. StockGlobal is a scam which is targeting unsuspecting online investors. Exposing these scam artists is our duty as no one does it better than us.
Scam artists know for a fact we all want to make an extra buck here and there. And as such, they create an illusion they can help you with wealth creation. By cloning a trading website, these scam artists entice unsuspecting investors to sign up. Thanks to our years of trading experience, we know how to spot a scam from a mile away. Exposing these scam artists will help get rid of unwanted and unscrupulous brokers.
Disclaimer at the footer of their homepage claims this platform is owned by Longsdale Capital Ltd. These scam artists have gone ahead and used a well-known registration number. MH 96960 is a registration number used by most offshore scam platforms. Another red flag we noticed is where they claim to be registered. Registered in the Marshall Islands makes them an offshore brokerage site.
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Another shocking revelation with this broker is anonymity. Who are the founding members of this platform? Why haven’t they posted any details regarding the people running this website? Some hard questions need to be answered before signing up with unknown platforms. Another problem with this broker is having the same information as price tag. After a few days, we noticed they never change the price chart at the bottom of their homepage. And this is a huge red flag.
How can an offshore broker be duly licensed? Lack of any credible evidence suggests we are dealing with a rogue platform. We also contacted leading regulatory bodied in an effort to track their license credentials. All bodies we contacted have never heard of Stock Global. International bodies we contacted include ASIC, COSNOB, CySEC, FCA, FSMA, NSA, and SEC. It seems we are dealing with a scam outfit whose credibility is questionable. Dealing with this platform is a disaster waiting to happen.
A real broker would post details of their licensing for all to see. Why have they failed to post copies of their licensing credentials? Copies would help validate any claims of registration. And these scam artists know that users must check the credibility of their license. What these looks like is a scam which has been in the pipeline for years.
Reliable and reputable brokers will help you increase your chances of making real funds. Dealing with robust and successful brokers is what newbie traders should go for. Invest with genuine and transparent brokers who have unwavering community support.
Any unlicensed entity does not hold any trading advantage for one reason, safety. Your safety is at risk especially when making deposits. Investors who open accounts are creating a chance for hackers to steal their banking details. Offshore brokers fail to take part in any compensatory scheme. Furthermore, they don’t have proper security features.
StockGlobal is furnishing anyone who signs up with four types of accounts. Accounts are named Bronze, Silver, Gold, and Platinum. One of the red flags we spotted with these accounts is having personal account managers. Account managers used in this platform are simply call agents with no trading background. Managers are only pieces in the chess board as they only call to ask for more funds. Scam artists hire call agents especially from India and Europe to scam unsuspecting investors.
StockGlobal is using a rigged demo account to entice members to sign up with them. Members believe the demo account mirrors the same trading results as a real account. And this is where investors fall for the trap as they rush to open a real account. A real account requires you deposit real funds while a demo account uses virtual money. And this is how scam artists are able to rig demo accounts.
Deposit channels include Bitcoin, MasterCard, and Visa. Withdrawing funds still remains to be the biggest problem with this platform. Some members have over $1,000 worth of funds and still can’t get access to it. And this is where we draw the line with this rogue platform.
StockGlobal claims to use MT4 trading platform in their activities. Even though we recommend brokers who offer this trading platform, something doesn’t seem right. Scam artists are also cloning MT4 platform and using them on their sites. A platform with no security feature poses a huge risk to anyone who signs up. Hackers will easily take advantage of this platform and steal credit card information.
Funds are not safe with a broker who fails to use basic security features on their website. Segregation of accounts is also another huge issue as StockGlobal is pooling funds in one account. Members are depositing funds straight to owner’s bank account. As we said earlier, don’t expect any compensation as this broker does not participate in a compensatory scheme. Stay away from any platform which shares the same characteristics as Stock Global. Safety of funds is not a guarantee with unstable platforms.
After reviewing all the facts, we can safely conclude StockGlobal is a scam. Stock Global is a good for nothing platform which is stealing from anyone who signs up. Mark all their emails as Spam and warn your family and friends from joining their affiliate programs. Any links sent via email should not be clicked as they are huge security threats.
Adding this broker to our scam blacklist will help our readers from becoming victims. Make sure to read our reviews as we expose those platforms with shoddy behavior.
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Wishing all investors a happy trading experience with recommended tools.
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