STB Markets Review – Scam Broker That You Should Avoid At All Cost

As of May 2023, Stbmarkets.com has ceased operations. But you can read the article to avoid falling for similar scammers.

Are STB Scams?

We don’t know much about STB Markets broker. According to legal documents, the agreement was made between clients and an unknown company. The governing law and the court that will decide any potential disputes are not stated.

This led us to suspect STB Markets’ regulation. We assumed that this brokerage was on the FCA Register when we found an address in London. After searching this and other Tier 1 databases such as ASIC, BaFin and CONSOB, we found nothing.

This scam broker is there to make as much money as possible. The spread offered by the company is 1:100 for FX majors. This is in violation of ESMA rules. Leverage must be limited to 1:30 for all financial service providers in the UK and EU.

If you have any information about the operation of STB Markets Forex brokerage, please let us know. We value your information as it will help us to pressure the authorities to ban this fraudulent trading company.

STB Markets does not provide trading services. Although the company is based in the UK, it does not have a valid FCA license. Many negative reviews point to a low trust score.

Where do STB Markets scam victims live?

These are the countries where STB Markets complains most often originate:

• France
• Canada
• UK
• Australia
• Belgium

Since August 2022, the phony broker is active. It could defraud thousands without your report. Do not hesitate to share all you know.

How does this fraudulent company find victims?

STB Markets scam begins with aggressive marketing campaigns via Google Ads and Facebook. Our research shows that the company places fake crypto ads and promises clients an instant way to make thousands of dollars.

After you submit your details, brokers will begin sending endless messages and phone calls to you. They may also send you offers via WhatsApp or Telegram if you don’t answer their calls.

You will be receiving emails with more offers and promises. It takes everything to get you in the boiler room.

You may be approached by unsolicited calls, or even via social media such as YouTube and LinkedIn, if you have never applied. Broker employees create fake profiles to pretend to be financial experts and add credibility to their stories, since the latest is a business network.

Finally, if you have any questions, you can expect to be able to ask them via the company’s website. Analyse the advertisement before you make any payment. Don’t believe it?

What trading platforms are available?

The trading company has a section dedicated to their trading software. This section shows you the user dashboard and the deposit page. It also includes the main trading screen and widgets. All of these are described in superlatives. You will only find one STB Markets trading platform once you have registered an account. It is a basic WebTrader.

Although it is intuitive and simple, this software can’t be compared with third-party trading platforms such as MT4, MT5, and cTrader. STB Markets does not offer any of these. Instead, STB Markets will provide a basic platform and elementary TAs.

STB Markets Mobile App: Can I Download It

Only a web browser is available for STB Markets login from mobile phones. The website does not contain links to the Android or iOS platforms, nor is it mentioned anywhere.

Another downside to WebTrader is the lack of a dedicated app. If you had MetaTrader access, you would get a dedicated app.

What trading assets does the broker offer?

A large variety of CFDs are offered by the brokerage, including:

• Currency pairs – EUR/USD and GBP/AUD, respectively, CAD/NOK
• Commodities – gold, silver, corn
• Indices – DJIA, NASADQ, FTSE100
• Shares – Amazon, Asus and Nvidia
• Cryptocurrencies – IOTA, BNB, USDT
• NFTs – Nyan Cat, CryptoPunks, Bored Ape

STB Markets CFD Trading Details

Online brokers often use CFDs, or contracts for difference, to trade. Clients are not buying an underlying asset; instead, they invest in the asset’s value, which allows them to earn even if it falls.

This type of investing can be risky, and often comes with leverage. STB Markets does not follow the established leverage limit. This is due to safety concerns. It would have to limit leverage to 1:3 because it is a UK-based trading company. Forex trades with a fixed leverage at 1:00.

STB Markets is one rare brokerage that supports NFT trading. NFTs, a form of digital art that is created on the blockchain, are a type. Virtual ownership can be transferred, similar to cryptocurrency. Although this type of trading is very beneficial, it is still unregulated and new, making it quite risky.

Spreads start at 0.4 pip for EUR/USD pair. This is quite solid. Although other trading fees aren’t specified, it doesn’t necessarily mean that you won’t be charged any. Scam brokers will often offer favorable terms for trading, even though they know that their main goal is to disappear with your funds.

Can I trade with the STB Markets Demo account?

STB Markets Demo account not available. It would mean that you can use the platform without any risk and make no payments. You will have to first invest and then only test the system.

As they don’t fear that you could think it over and discover the unregulated status, legitimate brokers will offer to give you a demo of their accounts.

How do I withdraw money from my STB Markets account?

We believe that STB Markets withdrawals are as secure as Bitcoin deposits, since Bitcoin is the only method of deposit. Scam brokers use this payment option often to steal client funds, as BTC and other cryptocurrency are almost impossible to trace.

Although there are no withdrawal fees, if you have accepted any STB Markets bonus, you will not be able submit a withdrawal request. You must trade at least four lots of the bonus amount.

What is a chargeback?

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!

STB Markets: Video

Below you will find a short video about STB Markets. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about STB Markets!