StockSons claims it is one of the leading international securities listing providers. It specializes in providing an efficient and standardised infrastructure for information exchange within the stock market. However, it does not offer the MetaTrader4 trading platform.
StockSons Trading Platforms
We believe that they use a custom-made platform. To our surprise, we weren’t offered a trading platform when we finished our registration. Instead, we were presented with a strange dashboard where trading isn’t possible.
There is not even a trading platform.
What StockSons claims to have to offer
There are alleged promises that investors will see a rapid rise in monthly returns, ranging from 51 to 93 percent of their investment. StockSons promises monthly profits that are comfortable but be cautious.
The app would be available to traders within their first year. StockSons.com claims that they regularly engage with shareholders to obtain feedback about the corporate management system. They also strive to ensure that those feedbacks are taken into consideration through improved policies and processes.
StockSons Deposit and Withdrawal Options
There are many payment options that Forex traders can use to deposit and withdraw funds. These include MasterCard and Standard Visa. They also include bank wire and electronic wallets such as Skrill and Webmoney.
StockSons’ minimum deposit is dependent on the asset chosen. StockSons minimum deposit for currencies is $50 and commodities $500. Internal withdrawals are subject to a 0.5% charge and unverified users are subject to 2% tax.
StockSons is it licensed?
The CSSF, the official Forex broker regulator in luxembourg, has issued a shocking warning to those who claim they are based there. Forex brokers must be licensed by the local Commision surveillance du Secteur financier (CSSF) or by a similar financial institution of another EU member state.
Stocksons cannot offer brokerage or trading services within the region. The platform has not been licensed by any regulatory bodies in the region. These regulatory bodies include CNMV and FINMA, FCA and CySEC. These warning signs are meant to alert you to the dangers of trading because unregulated brokers can be scammed.
Conclusion
All the information we reviewed points out that StockSons does not operate as a LEGIT broker. Your entire investment is at risk when you trade with this broker.
