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STB Markets Review – All About STBMarkets.Com Broker
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STB Markets Review. All your questions regarding this suspicious broker will be answered in this carefully conducted analysis. Whatever interests you, be it the trading platform, leverage, spread, legal background, you name it, it’s here.
Before we start, we have to emphasize that this is a newly-registered financial swindler with a cunningly designed website full of attractive features. Yet, everything is shady about it. That’s why it is up to us to expose the lies behind it.
|Leverage||Up to 1:100|
|Regulation||Unregulated Scam Broker|
|Headquarters||177 Shaftesbury Avenue, London, WC2H 8JR, United Kingdom|
Is STB Markets Broker Safe for Your Money? Regulation
First of all, this broker is anonymous. There you go, a red flag at the start. Nevertheless, the fraudster was kind enough to include a London address, albeit a fake one. Yup, we checked. Also, there’s no info on the provider in the database of the UK’s financial market regulator – the Financial Conduct Authority (FCA). Therefore, this is not a UK-based broker at all.
In order to set up an FX business in the UK, you have to meet strict and demanding criteria. Namely, the FCA stipulates a minimum operating capital of GBP 730,000, negative balance protection, a compensation scheme worth GBP 85,000, a segregated bank account in a Tier 1 bank, and a leverage restriction (1:30) for retail clients.
Sorry to burst your bubble, STB Markets, but you are nowhere near a licensed broker. What’s more, there has been a warning issued against you by the Canadian Securities Administrators:
What Trading Platforms Are Available?
After all the talk about the best possible trading conditions, we were utterly disappointed to find out STB Markets offers just a simple browser-based platform called WebTrader.
It has some decent charting and analysis tools as well as additional features like an economic calendar, market news, and profit calculator. However, it’s a far cry from the industry standards set by refined trading platforms such as Meta Trader 4, Meta Trader 5 and cTrader.
One more thing – since this broker is unregulated and illicit, there’s a great chance that the platform is rigged to show fake trading info. In fact, you may not be trading at all but we know what is certainly real – the deposit option. Your money is on a one-way trip to the scammer’s pocket.
Account Types Offered
When it comes to account types, STB Markets boasts five different solutions:
- Main – $0;
- Bronze – $2,500;
- Silver – $10,000;
- Gold – $25,000;
- Platinum – $50,000;
- VIP – $100,000.
Wait?! So the first account type is free? Quite a misleading statement, shame on you, STB Markets. Do you see how the unscrupulous broker plays with traders’ trust? In the FAQ section, the con artist clearly states that the minimum deposit is $250.
Trading Instruments and Conditions Overview
Here’s a list of the trading assets with examples that STB Markets allegedly offers:
- Forex currency pairs – EUR/USD, GBP/AUD, USD/JPY…
- Commodities – gold, silver, corn…
- Indices – DJIA, NASDAQ 100, FTSE 100…
- Shares – Amazon, Asus, Nvidia…
- Cryptocurrencies – IOTA, Bitcoin, Tether…
- NFTs – Nyan Cat, CryptoPunks, Bored Ape…
It’s very rare that a scam broker offers NFTs trading. These are a type of digital art created on the blockchain. It’s a similar concept to cryptocurrencies, and fairly young as well. While this trading type could be beneficial, it’s still new and unregulated, meaning it’s extremely risky.
As for the rest of the instruments, don’t let them distract you from the fact the STB Markets is unlicensed.
When it comes to trading conditions, we have a great spread ratio but a terrible leverage cap. The former starts off at 0.6 pips, which is quite good, and up to par with the industry’s standard.
However, the leverage is at odds with what’s acceptable. Namely, the maximum allowed leverage for retail clients set forth by the UK and European regulators is 1:30. STB Markets offers 1:100. Not only does that violate the law, but it also poses huge risks for trading.
It’s time to discuss the funding methods available at this broker. It’s better to say method since there’s only one – Bitcoin. What a shame. Nevertheless, we expected as much from the scammer. For withdrawals, if any, the trickster listed other cryptocurrencies such as Ethereum and Tether aside from Bitcoin.
And of course, there’s a dirty bonus policy that all scammers include. Check out these perplexing clauses that cause headaches. Read aloud and you’ll realize that withdrawals are impossible.
How Do I Get My Money Back if I’ve Been Scammed by STB Markets?
With such a shady payment policy, it’s quite possible to fall into this vile trap. Crypto transactions are controversial because they allow the scammer to remain anonymous. But still, they can be traced to a wallet within the crypto exchange. Then, requesting a refund is possible.
We can assist you in getting your money back as well as in reporting this terrible scheme. Don’t hesitate to give us a call and tell us about your experience.
STB Markets Summary
- STB Markets is a shady provider that lied about operating in the UK;
- The broker is anonymous and certainly not based in London;
- Moreover, STB Markets has been blacklisted by the CSA;
- The available trading platform is WebTrader;
- Leverage caps way beyond the legal limit;
- STB Markets only accepts deposits via Bitcoin.
FAQs About STB Markets Broker
Is STB Markets a Scam Broker and Why?
STB Markets is an obvious scam broker because it is anonymous, unregulated and most importantly, blacklisted.
What Is the Minimum Deposit for STB Markets Broker?
The minimum deposit that STB Markets requires you to pay is $250.
How Long Do STB Markets Withdrawals Take?
STB Markets claims that withdrawals take up to seven business days but we highly doubt the fraudster allows any.