Heard of Stockgator.net trading platform? Really want to find more details before choosing the broker? You can carefully read the Stockgator reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Stockgator?
Stockgator otherwise known as Stockgator.net is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
What is more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
What We Found about Stockgator.net Broker Regulation
First of all, Stockgator claims to be regulated by the MFSA or the Malta Financial Services Authority, by BaFin in Germany, CONSOB in Italy, and the AMF of France. But of course, none of these claims are supported by actual evidence.
If it was the case, then Stockgator would be one of the best European brokers around, because to get approved by so many jurisdictions is very difficult endeavor.
The withdrawal area adds a bank transfer method on top if the deposit methods, which is actually an illegal move, since in goes against AML laws.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with unlicensed scam brokers. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Stockgator Minimum Deposit
Stockgator deposit is not specified anywhere on its website. Just to put a comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, the broker accepts crypto currencies. Obviously, Stockgator wants you to invest through the crypto method, which is untraceable.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Stockgator Software- How Safe Is The Platform?
Checking through the Stockgator platform, the broker claims availability of the MT5. However, we tried to download it but it reveals to us that the download link belong to another broker. That is to say, the broker does not offer the MT5.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Nothing is said about Stockgator leverage. Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Argument Against Trading With An Unlicensed and Unregulated Broker (Stockgator.net)
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Stockgator.net is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Concluding Thoughts
Stockgator located at Stockgator.net has appeared like a genuine trading platform. Unfortunately, you should not take the words they say. It is a non-regulated cryptocurrency broker offering financial services to clients. By all appearances, the advice to traders remains to steer clear from unlicensed forex broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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