StockHome presents itself as a CFD broker, inviting traders into a world of limitless trading potential and joining a community of ambitious traders. A tempting proposition, indeed. Yet, with this Saint Vincent and the Grenadines based entity operating without a license, the question looms: Is it a trusted partner or just another scam? Ambiguous reviews leave more questions than answers, prompting us to dig deeper and discern the truth ourselves.
Table of Contents
Highlights
| 🏛️ Country | Saint Vincent and the Grenadines |
| ⚠️ Regulation | – |
| 🖥️ Website | https://www.stockhome.io/ |
| 🎲 Demo Account | Yes |
| ⏳ Start Time | 2021 |
| 💲 Minimum Deposit | $5,000 |
| ⚖️ Minimum and Maximum Leverage | 1:1-1:400 |
| ⚙️ Trading Platform | WebTrader |
| support@stockhome.io | |
| 📞 Phone | +44 1618180393 |
First Impression of Stockhome.io
StockHome’s website opts for a dark color palette, mirroring the template seen across various brokerage platforms. It lacks the finesse of an aesthetic design, missing any unique flair or distinguishing features. On the main page, there’s an image of a suited individual, presumably aiming to epitomize the quintessential seasoned trader.
StockHome’s website is replete with details about its operations, trading terms, and platform, even showcasing some legal documentation. Surprisingly, they’ve even provided a legal address – a rarity among such brokers. Sections on the site are standard, and it exclusively supports English.
Overall, the company’s website design receives a neutral rating from us. While it offers ample information, its aesthetics and originality leave much to be desired. Those with a discerning eye will quickly spot generic templates, overused phrases, and similarities with other companies.
Partnership and Bonuses
The affiliate program is not mentioned anywhere, so it appears to be absent, but when creating an account, a trader can specify a promo code, which hints at the presence of an affiliate program.
While StockHome doesn’t directly mention bonuses, the presence of terms related to bonus usage implies they do have some offers, though the exact details remain not stated. We’d like to remind you that bonuses, at first glance, appear as an advantage and a freebie from brokerage firms. However, they always come with conditions, which if not met, often prevent clients from withdrawing their funds. Therefore, we recommend reviewing the terms of StockHome’s bonus policy in detail. There’s a separate document dedicated to bonuses on the official website; we won’t be retelling it here.
Account Opening on Stockhome.io
The registration procedure in StockHome is standard and identical to that of other firms. The client needs to specify first and last name, e-mail, phone number, country, account currency (EUR/USD/GBP), and come up with a password.
While there’s no asterisk indicating that the promo code field is optional, it’s surprisingly a must-fill. StockHome demands a promo code, which can be secured from an existing user or from the company’s management. Try plugging in just any number, and you’re met with an error. Bottom line? You can’t set up an account with this broker unless you’re invited. What’s the rationale behind such an approach? Why isn’t account sign-up more accessible?
Verification
StockHome requires verification from every trader wishing to trade on the platform. KYC consists of two components:
- Identification. Accepted documents: national identity card or passport.
- Proof of residential address. Recent Utility Bill or Bank statement no older than three months.
You can send the documents via email in .jpg format, but it’s more convenient to do it through the personal account in a special verification section. StockHome pledges to safeguard your personal details. Whether to believe this or not is up to the clients.
The firm also requires a copy or photo of the credit/debit card used for the deposit. The first 6 and last 4 digits, expiration date and full name, CVV must be hidden.
- None.
- Requires you to take a picture of your bank card.
Trading Software
StockHome boasts a multifaceted trading platform – desktop, webtrader, and mobile trader. However, with their invitation-only sign-up, it’s a mystery how their trading software truly appears. There’s an option to download the program to a PC, but we didn’t dare launch an unknown file. Digital hygiene plays a significant role in our time. Moreover, there is no mobile application available for download from official stores like the AppStore or Play Market.
If you believe the description on the official website, the execution of orders on the platform is lightning fast, there are various timeframes, indicators, technical analysis tools, trading history, one-click option, stop-loss/take-profit functions, and real-time price quotes.
StockHome briefly alludes to an option of trialing their terminal and services without depositing real cash. Whether this is true or not, we don’t know, as it’s impossible to verify in practice due to closed registration.
| Features | StockHome | Lincoln Financial Service LTD | Nicholson Financial Service |
|---|---|---|---|
| Demo Account | ✔️ | ❌ | ❌ |
| Mobile App | ❌ | ❌ | ❌ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With StockHome?
The amount of leverage, type of spread, and minimum deposit depend on which tariff a trader chooses. StockHome states that there are no trading commissions; i.e. the client pays only the spread.
All Info About Accounts
StockHome presents 5 tariff plans, the terms of which are quite unclear. First, the minimum amount differs. Initially, the broker mentions you can start trading with just a $250 deposit, but later it turns out that to open the first type of account, an exorbitantly high $5,000 is needed. Now, which novice would gamble $5,000 on a relatively unknown platform? The next tier demands a whopping $25,000 entry, with its only perks being leverage up to 1:200 and the option of fixed or floating spreads. A five-fold increase in cost, yet the value proposition remains foggy, with no standout privileges or added options.
We thought those terms were rock bottom, but it seems there’s a level even lower. The subsequent plans left us utterly baffled. While the “Pro” and “VIP” accounts can somewhat be understood, the fact that the Islamic type of account is only accessible for capitals of $1 million, and above is beyond comprehension. That’s just ludicrous. Why does the Islamic Account have such an impossible minimum threshold when this option should be additional and applicable to any account? And who, in their right mind, would invest such amounts in the unknown broker StockHome?
Spread details remain shrouded in mystery, with no contract specifications to check on current figures for individual assets. Order execution is instant, yet the company claims to be an STP broker, which is a blatant lie. With a static 40% Margin Call and 30% Stop Out across the board, one can’t help but wonder: What extra perks are on offer for traders, and what’s the point of having such a range of account types?
- None.
- Huge minimum deposit amount.
- Islamic account only from 1 million dollars.
- Similar terms and conditions.
- Specific spread sizes are not stated.
Market Analysis and Education With Stockhome.io
StockHome’s educational center covers a broad spectrum of subjects. It delves into the realms of fundamental and technical analysis, demystifies the world of financial market trading, broaches risk management, and even offers some trading insights. Each asset class gets a succinct overview. Yet, the platform misses out on other essentials. You won’t find handy widgets commonly sourced from platforms like Tradingview, such as the market’s heat map, real-time quotes, or an up-to-date economic calendar.
Deposit, Withdrawal, and Fees
StockHome seems to have overlooked a crucial detail: there’s no specific segment on their main site detailing deposits, withdrawals, and any associated charges. However, a peek at the icons anchored to the bottom of their homepage suggests transaction methods via Visa/Mastercard/Maestro, wire transfers, or even Bitcoin.
| Features | StockHome | StoneBridge | Lincoln Financial Service LTD |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ❌ | ❌ |
| Crypto Transfers | ✔️ | ✔️ | ❌ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ✔️ | ❌ |
How Can I Contact It?
StockHome offers various methods to contact them: a phone number, email address, feedback form, and even links to their social media profiles. A dive into their contact details confirmed the phone and email to be genuine – a point in their favor. Their social channels brim with posts on trading insights, financial updates, and educational content. Despite having a respectable count of over 1600 posts and 3000 followers on Instagram, the conspicuous lack of likes and comments is a red flag, hinting at bot-biting. A trend that unsurprisingly extends to their Twitter, Facebook, and Pinterest pages.
- There’s a phone number, email, and social media.
- Social media is rigged by bots.
Is StockHome Dangerous?
As of now, StockHome raises significant doubts regarding its legitimacy and integrity. For starters, the exclusive, invitation-only registration process is perplexing. Further, their baffling and monotonous terms hardly stand out as advantageous or even remotely competitive. It was just the tip of the iceberg; the primary indications of a scam will be discussed further.
How Long Does The Broker Work?
A company’s operational tenure often provides a glimpse into its credibility, particularly if it’s supported by concrete evidence. StockHome alleges a 2020 registration in the offshore jurisdiction of Saint Vincent and the Grenadines. Yet, conspicuously absent are any documents to validate this assertion.
After delving into the domain and social media footprint, it’s evident that StockHome began its operations in 2021. That’s when both the domain and social media accounts were registered. After this, initial mentions of StockHome on the internet began to appear.
How Is StockHome Regulated?
One can cross-check a broker’s license with the SVGFSA registry. According to their official website, the firm is registered under the name PLEXECOM LLC AST in this jurisdiction. Yet, a search yields no results for either StockHome or PLEXECOM LLC AST. It’s clear, then, that the entity isn’t licensed.
| Features | StockHome | Spotinvest | The Investment Center |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
Kevin Berry Why require a promo code for registration? I’m at a loss for an answer. Maybe someone else knows? On the flip side, novices encountering such barriers with StockHome might just move on to another broker. It could save them from losing their money, given there’s little doubt this is a scambroker, first extorting and then outright stealing funds. The entity lacks a license, or registration papers, and their trading terms are frankly non-competitive and irrational. A minimum deposit of $5,000 is an absurd requirement. I’d like to conclude by stressing the need to check potential brokerage partners thoroughly, steering clear of such fake platforms.
StockHome rating
5 reviews about StockHome
Minimum deposit of $5,000 – seriously? Who in their right mind, who in full adequate condition would invest that much money in an illegal, lousy, shameful, fraudulent company like stockhome? Scambrokers, don’t be ridiculous. No one would invest such sums of money, it’s nonsense.
Have you ever lost money with brokers? Specifically, is it due to the broker’s fault and not because of your lack of trading skills? I have had a regrettable experience with StockHome. The experience wasn’t pleasant and was quite infuriating.
A year ago, I registered an account here. I didn’t need a demo account, not sure why, as I decided to start trading with real money immediately. I invested some money and began trading. Things started to go well, and I even made some profit. I decided to withdraw the profit (I won’t share the exact amount, I don’t want to). I submitted a withdrawal request, the same way I had deposited. I received an email confirming my withdrawal request. But after that? Nothing. The request wasn’t processed, no funds were transferred, and there was no communication from the company.
I don’t know what to do. StockHome representatives aren’t responding or explaining the situation. Given the significant amount of time that has passed, I’ve come to terms with the fact that I’ve fallen for a blatant scam and they have stolen my money. It’s a considerable sum, so the thought of recovering it seems far-fetched, and chances of retrieval seem non-existent at this point.
I advise you not to experience this firsthand. It’s a terrible feeling to be deceived by some anonymous con artists via a fake brokerage company.
Absolute silence about trading conditions. StockHome appears to use a Dealing Desk model, which raises eyebrows. How can a broker boast of zero commissions while also promising low spreads? They remain cagey about their exact spread sizes, leaving us to speculate. Yet, they don’t hesitate to claim their spreads are ‘ultra-tight.’ The puzzle is – how can a broker sustain itself with neither commission nor spread revenue? The answer is glaring: they profit when traders incur losses. So, it’s clear that engaging with this firm is dangerous as they thrive on your losses. And the cherry on top? Their provision of a dubious trading platform instead of genuine software. One can easily surmise the dealing desk will tamper with quotes, manipulate markets, and generally impede a trader’s journey to profitability.
The scammers at StockHome aim to ensnare innocent individuals with their web of deception and fake tales. They spin stories about licenses, operational history, and STP technologies – none of which hold true. The company might not be brand new, but it isn’t well-established either. Their fraud scheme is notorious and probably ineffective since they’ve made straightforward account registration a hassle. You have to provide an invitation code, without which account creation is impossible. Perhaps they deliberately shut down open registration. We can only speculate about the real reason.
These scambrokers seem uncertain about how much they want to extract from their traders – $250 or $5,000? Different sections of their site list varying amounts. Where lies the truth? Only these scammers know.
I urge caution – steer clear of outfits like StockHome. They epitomize the terms fraudsters, swindlers, and scammers. Once invested, retrieving your funds might be a pipe dream.
Ignorance and false promises caused me to open not one, but 2 accounts with these crooks ;-(
Despite several attempts over 12+ months I have been unable to withdraw any of my money, and all contact remains unanswered.
Both accounts now show ‘withdrawal in process’ but they’ve said that for the last 6 months so I can do no more on the web-based withdrawal.
My account are still active, and I can continue to trade, but I cant see the point if my funds are effectively not my own.
Stay away!!!!