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Stam Capital Invest Review – Who Is Behind This Scam Broker?
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There’s more than meets the eye to this shady broker. It can hide its diabolical scheme behind the attention-grabbing website and promises all it wants but there is no remedy for the Stam Capital Invest Review.
First, we are going to release multiple pieces of evidence indicating that this financial swindler is unlicensed and then we will debunk the lies found on the bogus website.
Before we get into it, we would like to list several warnings issued against Stam Capital Invest. You’ll find them below. Keep on reading to find out how this malevolent offshore provider intends to trick its clients.
|Leverage||Up to 1:100|
|Headquarters||Suite 305, Griffith Corporate Center, Kingstown P.O. Box 1510, St. Vincent and the Grenadines|
|Broker Type||Forex, Indices, Stocks, Commodities|
Stam Capital Invest Regulation and Funds Safety
Yup, you’ve read that right, Stam Capital Invest has been blacklisted by not one, but three regulatory institutions, i. e. the Russian Central Bank, the Romanian Financial Supervisory Authority (ASF) and the Portuguese Securities Market Commission (CMVM).
Nonetheless, these warnings may be overlooked sometimes, so we’ll proceed to explain important facts about these offshore brokers. Namely, this particular fraudster operates in St. Vincent and the Grenadines (SVG).
Hence, it’s imperative to note that the island’s financial regulator (Financial Services Authority) does not issue licenses for Forex trading, as it expressly stated on its official website. In addition, the laws there are pretty permissive and favorable for these wrongdoers, making SVG a perfect sanctuary for scams.
The owner company is Shenanigans Consulting Ltd, an entity that has had warnings issued against it by the Spanish National Securities Market Commission (CNMV) and the German BaFin.
So far, things have gone pretty south for Stam Capital Invest when it comes to its licensed status. This unscrupulous broker is beyond dangerous and investing with it poses an extreme risk to your funds.
Trading Platform Overview
According to Stam Capital Invest’s website, the shady broker offers WebTrader to clients. It appears as though the scammer is chasing clout with all the bragging about its world-class trading platform but in reality, a WebTrader is nothing special. Sure, it has some basic features and charts but that will not compensate for the lack of advanced tools and options.
Instead, you ought to check out the most reputable software in the game, i. e. Meta Trader 4 & 5. Web-based platforms have got nothing on these two trading monsters. Moreover, we would like to emphasize the fact that browser-based platforms are the easiest to manipulate.
You will surely get the option to deposit money but trading will be unavailable. This is how scammers use this software to make you believe you’re trading when you’re not.
What Account Types Does Stam Capital Invest Provide?
Here’s what we found on the website. The phony broker offers a total of four account types:
- Silver – min. deposit of $250, leverage up to 1:30, tight spreads, limited assets;
- Gold – $1,000, leverage up to 1:50, tight spreads, limited assets;
- Platinum – $5,000, leverage up to 1:80, tight spreads, all assets included;
- VIP – $10,000, leverage up to 1:100, tight spreads, all assets included;
As you can see, these minimum deposit amounts are overwhelming for an unlicensed offshore provider. Furthermore, Stam Capital Invest did not disclose the specific spread values, problematic to say the least. Surprisingly, the leverage started off legit (within the regulatory limit) but then skyrocketed to 1:100, which could result in great losses in volatile markets.
Trading Instrument Available
We’ve managed to make a list of the trading instruments that the broker allegedly offers:
- Forex – EUR/USD, GBP/USD…
- Indices – S&P500, US100, Dow30…
- Stocks – Apple, Tesla, Amazon…
- Commodities – gold, silver, corn…
Of course, scammers copy the tables found on the website from somewhere else, it’s not hard to do. They thus try to convince you that they actually offer all those instruments. Without a license, it’s all in vain.
Deposit and Withdrawal Process
The scam itself may seem sophisticated but the payment methods are not. There are only two – credit card and wire transfers. A legitimate broker would provide you with more than just two for sure. As mentioned, the minimum deposit is $250, which is fair but given the lack of license, we strongly advise you not to invest.
The con artist dedicated a paragraph to withdrawals but there’s no info on fees if any. Also, we highly doubt clients will be withdrawing anything.
Stam Capital Invest Scammed Me – How Can I Get My Money Back?
It sucks to fall victim to a scam, we know. But let’s try to amend the situation. Here are two ways you can try to get your money back – a chargeback and a recall.
The former is performed by the issuing bank within 540 days and refers to reversing credit/debit card transactions. The latter is used for wire transfers but only if the transaction has not been completed. Thus, you must act quickly!
Stam Capital Invest Summary
- The broker is an offshore provider based in SVG;
- The owner company is Shenanigans Consulting Ltd;
- The broker is unlicensed and has been blacklisted by several authorities;
- The minimum deposit is $250;
- The supported platform is WebTrader.
FAQs About Stam Capital Invest Broker
Is Stam Capital Invest A Legitimate Broker?
Stam Capital Invest is not a legitimate broker because it is unlicensed and blacklisted.
What Is the Minimum Deposit at Stam Capital Invest?
The minimum deposit that Stam Capital Invest requires clients to make is $250.
What Methods Can I Use to Deposit Funds at Stam Capital Invest?
Stam Capital Invest accepts two payment methods - credit cards and wire transfers.