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The WikiFX Score of this broker is reduced because of too many complaints!
STC Trade
Canada|2-5 years| Suspicious Regulatory License|White label MT4|The server is only located in China.|High potential risk|
https://en.stcforex.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
2
Server Name
STCTradeDevelopment-Demo MT4
Server Location 
China
ChinaContact
support@stctrader.com
https://en.stcforex.com/
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Disclosure
Danger
CH FINMA
2018-08-02
Warning List - Suisse Trade Center Ltd. 
STC Trade
Contact number
Broker Information
More
Company Name
STC Trade Development Limited
Company Abbreviation
STC Trade
Platform registered country and region
Canada
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
This platform is a Ponzi Scheme. Please stay away!
5
Previous Detection :
2024-07-01
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
- The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- The United KingdomFCA regulation (license number: 785129) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Danger A Visit to STC Trade in UK -- Finding No Office
United KingdomPlatform Capital Ratio
--% 
-- --
100%--% 100%
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
Meta Trader 4
White LabelAverage
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Exposure
10 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
Can't close positions or withdraw funds
What can I do？
2020-11-30 09:15
Unable to Withdraw
Unable to withdraw
Why doesn’t the platform help us solve this problem?
2020-11-26 13:43
Unable to Withdraw
STC Trade scams
STC gives no access to withdrawals since 11th.
2020-11-27 16:57
Unable to Withdraw
Unable to withdraw
What's going on? What should I do!
2020-12-01 14:01
Unable to Withdraw
Can't close positions or withdraw funds in STC Trade
What am I supposed to do?
2020-11-29 09:49
Unable to Withdraw
STC Trade gives no access to withdrawal
Can’t withdraw since November 10, 2020. There are varied excuses and tricks
2020-11-25 11:32
Unable to Withdraw
STC Trade, a fraud platform
Unable to withdraw. Did it abscond? What can I do?
2020-12-14 15:29
Unable to Withdraw
STC Trade gives no access to withdrawals
Can’t withdraw funds since November 15.
2020-11-26 18:13
Unable to Withdraw
The IB of STC Trade doesn’t allow me to withdraw funds
Don’t approve my application.
2020-11-25 22:02
Unable to Withdraw
Can't witdhraw funds in STC Trade
Can't withdraw or close postions since the notice was published on November 11. In fact, can't withdraw since the beginning of November.
2020-11-29 15:29
User Reviews
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User comment
2
CommentsWrite a review
随风荡指间
more than one year
Trading experience was very terrible on this platform. They manipulated my trading account, closed my trades, and I lost a big sum on this platform. I thought I could make some profits.
2022-12-06 19:15
Alexa1
more than one year
I don't know about British company, but Canada's company is good and legit, I am working there within a year
2022-10-25 23:27 10
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