Stockstrends.com Review | A Leading Global CFD Provider or a SCAM?

Before us is the CFD broker Stockstrends.com, proudly calling itself a leading global provider. The company looks ambiguous, and frankly, it reeks of a scam. Despite having offices in the British Virgin Islands and the United Kingdom, the firm somehow has not received regulation, which it should have, at least from the Financial Conduct Authority. Also, the organization does not disclose its founding date, though on the site you can notice a section “Our Story”, where it would be very logical to indicate the launch date. Reviews on the internet are also hard to find, as the name leads Google to show many irrelevant results. Well, we need to figure this out.

Highlights

First Impression of Stockstrends.com

Stockstrends.com was too lazy to create a unique official platform that wouldn’t look like other brokerage resources. Therefore, we see a template and familiar site with phrases that we have already encountered in other companies. Of course, it’s easier to copy an existing template, just changing the name. It is noteworthy that all organizations with a similar website eventually turned out to be fraudulent.

The company introduces us to itself and its trading conditions, but only superficially. Many sections on the website simply do not provide any benefit to the visitor. In the “Our Story” section, the broker does not disclose when it started working, what business model it uses, and what licenses it holds. Stockstrends.com seems to be playing silent.

Yes, you can learn about the trading platform and account types, but this is not enough. Also, one could criticize the graphic design of the site, which uses banal and clichéd pictures taken from photo stocks. Some sections do not work at all, for example, “market overview” just shows a white sheet. In general, Stockstrends.com did not put effort into their official site, so there is nothing to praise it for.

Partnership and Bonuses

According to the website, there is no affiliate program at Stockstrends.com, as no mentions of it have been found. However, we still have to explore the interface of the personal account, so perhaps there we will discover functionalities for a referral program. Opaque companies like to act in such a manner, and it’s unclear to us why the firm cannot disclose terms regarding partnerships.

On the other hand, clients can receive deposit bonuses. Oh yes, how could we do without those. Cunning brokers love to foist these bonuses on traders because they come with certain conditions that even experienced users are unable to meet. Stockstrends.com requires a trading turnover equal to the amount of the bonus divided by 4. For example, if a client received $1,000, they would need to make trades totaling 200 lots within a certain period.

Account Opening on Stockstrends.com

To study the firm more thoroughly, we need to register an account. This is very simple, as Stockstrends.com does not require providing a huge amount of personal information, just a name, contacts, country, and password.

Registration was successful even without email confirmation, so the security system here is completely non-existent. The interface of the personal account at Stockstrends.com does not look complicated, but at the same time, there are no unique features. Essentially, users have access to basic operations:

• Deposit and withdrawal.
• Edit personal info.
• KYC.
• Refer a friend.

After all, the broker offers an affiliate program, as we had assumed. This is indicated by the presence of a section with a referral link. Although a demo account is visible on the main page of the client portal, it’s still unclear how to access it and start testing the service. Perhaps the managers of Stockstrends.com will help open such an account intended for testing, but let’s assume that such an option is indeed offered here.

Verification

The verification process is an important element for every company that deals with client money. In the user agreement, Stockstrends.com states that the company adheres to AML & KYC policies, therefore requiring all clients to provide necessary documents.

The KYC procedure here is standard, so clients will need to upload proof of identity and residence. A copy of the bank card is also required.

However, Stockstrends.com does not disclose the document processing times. And yes, we do not recommend rushing through KYC with a lesser-known company, as your personal data may fall into the wrong hands.

Trading Software

In the “our platforms” section, the broker for some reason calls its terminal MetaTrader 4, although it is clear, both from screenshots on the website and the platform interface itself, that this is not the case. Maybe Stockstrends.com wants to attract more traders by offering software from MetaQuotes? Why then do they lie? Well, let’s put aside these speculations.

It cannot be said that this is some advanced and multifunctional terminal. Stockstrends.com borrowed the working window from the popular service TradingView: price chart, tools for technical/graphical analysis, timeframes, and indicators. In addition, the platform allows the use of limit orders and setting Stop Losses and Take Profits.

Nothing is known about the mobile version. It is unlikely that there is a separate app for smartphones that could be downloaded from the AppStore/Play Market. Most likely, the terminal at Stockstrends.com is merely adapted for mobile browsers, nothing more. So, the broker’s terminal is also quite meager and clearly not suitable for serious and successful trading.

How Can I Trade With Stockstrends.com?

So, we have understood what the platform is like and what the client portal is like, so we can move on to the trading conditions. Stockstrends.com provides access to CFDs on forex, metals, indices, commodities, cryptocurrencies, and stocks, with the total number of assets depending on the selected tariff plan. Therefore, it is necessary to consider the types of accounts.

All Info About Accounts

Types of accounts at Stockstrends.com are divided into two categories:

1. Just starting.
2. Next level.

Apparently, the first category is designed for beginners, although judging by the requirements for the minimum deposit, this is unlikely, and the second for professional traders.

The higher the account type, the more favorable the trading conditions, but you need to invest more money. Does this remind you of something? Very often, illegal brokers offer such conditions, in other words, Stockstrends.com simply begs its clients for as much money as possible.

The minimum deposit size is very harsh – $5,000. At the same time, popular and verified brokerage organizations allow starting trading with just $10. And where is the customer orientation?

Stockstrends.com offers a minimum lot size of 0.01, while the leverage ranges from 1:1 to 1:200, and this is a clear hint at the lack of regulation. If we believe that the firm’s office is located in the United Kingdom, then the regulator FCA prohibits brokers from offering leverage higher than 1:30. Logically, the company does not have a license.

Moreover, the firm promises tight spreads but does not disclose precise details. The website mentions two commissions: an administration fee of 0.40% and a management fee of 0.35%. However, commissions for trades are unknown.

Market Analysis and Education With Stockstrends.com

The broker offers nothing interesting in terms of additional services. We did not find any fresh analytics, training courses, or educational resources at Client Portal. The firm only provides information about the traded asset classes. Even the “market overview” section does not work.

Deposit, Withdrawal, and Fees

Stockstrends.com offers several ways to make money transfers: credit/debit cards, bank wire transfers, and cryptocurrency (only BTC). Why aren’t electronic wallets supported? And where is USDT, which is always equal to $1, while having obvious advantages over Bitcoin in terms of cost, speed, and stable rate? Well, at least one positive aspect can be highlighted – the firm does not charge fees for deposit/withdrawal.

How Can I Contact It?

Stockstrends.com lists an email address and a phone number. Pay attention to the phone number (+430800123456) and think, is it real? Doesn’t it seem that the number is plainly made up, especially the “123456” part? It just looks funny. Checking the email gave us nothing, unfortunately. It’s also worth noting the absence of an online chat as an immediate method of contact with managers, as well as social media accounts where clients could also learn about fresh news, updates, and other useful information.

Is Stockstrends.com Dangerous?

Wherever you look, there are red flags everywhere. For example, a template website, inadequate trading conditions, suspicious contact details, and so on. And still, is this broker a scam? We can answer this question with 100% accuracy after considering the founding date and legitimate status.

How Long Does The Broker Work?

A good question, which the official website of Stockstrends.com can help answer, more precisely its domain, and even more precisely, its registration date. The broker’s site appeared in September 2023, while the company does not specify when it was founded and does not provide registration documents. It’s almost impossible to find reviews on the internet, so we cannot judge by the date of their appearance. So, the only conclusion is that the platform was launched in September 2023.

How Is Stockstrends.com Regulated?

There is no information about the presence of regulation. However, we will independently try to check the registers of financial commissions of the countries listed in the footer of the official website. First to check is BVI FSC. Stockstrends.com is absent there.

Then we checked the Financial Conduct Authority, and unsurprisingly, the company was not found there. So it turns out that it does not possess licenses. It’s much more serious; such an organization does not exist in the stated jurisdictions, meaning the addresses are simply fake.

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Expert Opinion

It’s not worth getting involved with unverified and unknown companies. Stockstrends.com is anonymous among brokers. The firm is absent in popular ratings, unknown to anyone, and there are almost no reviews. Moreover, an abundance of red flags were found, from fake information to terrible trading conditions. There is not a single reason why one should open a brokerage account on this fraudulent platform. It’s a template and fake site where withdrawals do not work.