Stam Capital Invest broker is a brand of the already notorious Shenanigans Consulting Ltd. This same company owns another brand, AltimaTrade, which is blacklisted in numerous countries, including Spain, Belgium, and Italy.
Since the owner doesn’t have a good reputation among investors, we’ve decided to collect facts about their new brand too. Read our Stam Capital Invest review to determine whether your funds are at risk.
As mentioned, Stam Capital Invest Forex broker is owned by Shenanigans Consulting Ltd. This company was founded in 2021 in Saint Vincent and the Grenadines, the only offshore country without regulatory supervision for Forex and CFD trading providers.
According to the FSA directive, Stam Capital Invest regulation should be gained in the country of service. Thus, we’ve checked major Tier1 registers, including here FCA, ASIC, BaFin, CONSOB, CNMV, and more.
As expected, the brokerage never obtained a license, operating illegally, as their sister brand, AltimaTrade.pro. Both trading platforms violate regulatory regimes and ESMA policies by offering unregulated trading services. While AltimaTrade has been exposed and banned around Europe, it’s just a matter of time before the same thing happens to broker Stam Capital Invest.
Stam Capital Invest is an unregulated offshore trading broker. Its owner, Shenanigans Consulting LTD, has been blacklisted all around Europe, including Spain, Norway, Denmark, and Belgium.
We have a new fraud here. The Stam Capital Invest trading scam has been active since July 2022. However, it has already earned a negative reputation and many complaints. The majority of these come from:
According to Stam Capital Invest reviews, this brokerage promises its customers high gains. The scam has been promoted through a fraudulent crypto campaign Yuan Pay, where customers are promised high returns for as little as a $250 investment.
Of course, once these experienced scammers get ahold of you, they’ll create all kinds of fake financial plans and make up various trading opportunities. They’ll keep pressuring you to invest more and more until you have nothing left.
Account managers will try their best to dissuade you when you request a payout. If talking doesn’t help, they’ll ensure to block your trading account and stop communication.
Here’s what the website says about the Stam Capital Invest trading platform:
In reality, you’ll get access to a basic TradingView chart with several indicators. Not remotely close to extensive functionality or advanced strategies.
Web-based software can never be as reliable as one MetaTrader. MT4 and MT5 offer a wide array of TAs, EA, social trading, and more. If you’re about to start trading, you won’t make a mistake by choosing any MT version.
Stam Capital Invest login from a mobile device is only possible through a web browser. There are no dedicated apps for Android or iOS. This is another disadvantage among many. And it’s a reason for you to avoid this fraudulent broker.
Suppose you still want to invest with this phony brokerage. Here’s the market overview.
While promoting its services through a crypto ad, this platform doesn’t support crypto trading.
The broker advertises its spread as low but doesn’t offer any specifications. We cannot tell how much you’ll have to pay without having access to a Demo account.
Whatever the amount, you should know one thing. Scam brokers often offer low trading costs to attract potential investors. Since their end goal is vanishing with your entire deposit, it doesn’t matter much what they’ll earn from legitimate commissions.
There are four different Stam Capital Invest account types on offer.
The leverage ranges from 1:30 to 1:100, depending on the plan. This directly violates ESMA and MiFID rules about the leverage cap in the EEA zone being 1:30 for the Forex market and even lower for other assets.
The Stam Capital Invest Demo account is not available. Clients can get a platform overview if they register an account, but trades cannot be placed without a deposit.
This is a common tactic for scam firms. They’ll put pressure on you to invest immediately, and once they get ahold of your funds, they’ll refuse to approve any withdrawals. Since Stam Capital Invest doesn’t offer any negative balance protection, you can end up owing more money than you invested.
According to Stam Capital Invest Withdrawal Policy, “withdrawals must be performed distinctly through a similar financial balance or credit/charge that you used to store the assets.”
Basically, if you’ve made more profit than you invested, you won’t be able to withdraw the amount. Moreover, the company maintains the right to charge an unspecified amount from your account.
Finally, there’s a levy fee of 10% if your account has been inactive for more than six months. If there’s anything left to withdraw, you probably won’t be approved.
Available withdrawal methods are:
Being a victim of a financial swindler is not something you should be ashamed of or hide. It can happen to anyone.
Don’t waste more time. Let’s act quickly and increase our chances of success!
Stam Capital Invest is a fraudulent online trading firm owned by blacklisted Shenanigans Consulting Ltd. Our best advice is to stay away. However, if you were already involved, contact us for help with a refund.
Stam Capital Invest doesn’t offer a Demo account but only a platform overview upon registering an account.
The company requires a minimum deposit of $250 to start trading.
Since the owner is banned all around the EU and Stam Capital Invest is not regulated, we believe that your funds are not safe.
Stam Capital Invest is a fraudulent online trading firm owned by blacklisted Shenanigans Consulting Ltd. Our best advice is to stay away. However, if you were already involved, contact us for help with a refund.
Stam Capital Invest doesn’t offer a Demo account but only a platform overview upon registering an account.
The company requires a minimum deposit of $250 to start trading.
Since the owner is banned all around the EU and Stam Capital Invest is not regulated, we believe that your funds are not safe.
The post Stam Capital Invest Review – Find Out Why This Broker Is a Scam appeared first on Global Fraud Protection.
