Silver Stock Com’s bogus website looked awfully suspicious. That’s why we decided to investigate the legal background and license of this dubious broker.
The outcome of our research was alarming but expected. All the necessary information about the Silver Stock Com trading scam can be found in the Silver Stock Com Review.
Yes. As soon as we read Silver Stock Com’s Terms and Conditions, we knew we were dealing with a scammer. This is the same recycled T&C we’ve seen countless times.
We don’t know where this broker is based or which company operates it. Our conclusion is that Silver Stock Com’s regulation doesn’t exist.
And based on what the anonymous website offers, this phony broker does not comply with the standards of the European Securities and Markets Authority (ESMA) or other Tier 1 regulators around the world.
Our suggestion is that you forget about Silver Stock Com and find a reliable broker that’s regulated by authorities such as the FCA, CySEC, BaFin, FINMA, CFTC, ASIC, etc.
We did some research to find out where QuoMarkets provided its services without a permit. It seems that this scam broker was mostly active in four particular countries:
Four entirely different domains and regulations. And of course, Silver Stock Com has no right to provide services in any of them.
We found some negative reviews of Silver Stock Com on the forums. Traders complained about being scammed by this unscrupulous broker.
I think they ripped me off for 9600 US dollars yesterday, my investment and profit. They were trying to get me to put more money in… I put in withdrawal request and poof my monies dissappeared. I didn’t see it leave anywhere, it’s just dissappeared into cyber space. Stay away from them you will loose your money…
These people are thieves and con artist. I invested a great deal with them but they refused to allow withdrawal. I was asked to pay taxes which I did in order not to lose my initial investment. But they still refuse to let me withdraw…
According to Silver Stock Com’s website, traders can access a web-based platform and a mobile trading app on Android or iOS phone systems.
From what we know, WebTrader features basic charts, graphs and indicators, and nothing else really. Advanced tools such as automated trading, live market reports and multiple timeframes are missing.
Silver Stock Com doesn’t support valid third-party platforms such as MT4, MT5 or cTrader. To make matters worse, the scammer advertises the platform from another fraudulent broker, SuperForex.
Here’s a list of Silver Stock Com’s trading instruments but don’t let this convince you:
The broker’s spreads for the Green account are between 2.5 and 3 pips. That’s extremely wide and unprofitable.
The industry’s standard is 1.5 pip or below. For a decent and favorable spread, you would have to invest 100,000 EUR. Atrocious…
Let’s take a look at Silver Stock Com’s fraudulent trading accounts:
As you go up in tiers, the spreads become more favorable but the account prices are extremely high. Imagine having to invest 5,000 EUR just to start trading with an unregulated broker.
Silver Stock Com’s leverage cap is at 1:200. Yet more proof that this broker is not compliant with ESMA’s standards (1:30).
No. We did find a demo account option on Silver Stock Com’s website but it’s just a lure. That’s bad news because it means traders have to invest real money if they want to try out trading.
That’s reason enough to avoid Silver Stone Com. As soon as you deposit funds, you will get scammed for sure!
According to Silver Stock Com’s FAQ section, the available payment methods include:
If you have evidence that Silver Stock Com violated any terms and conditions, please let us know. We will report the scammer to the authorities.
And Global Fraud Protection can assist you in getting your money back. Our experts specialize in the bank chargeback process and in advanced crypto-tracing methods such as CipherTrace.
If this broker steals your money, contact us for help. The easiest and fastest way to book a free consultation with us is via Online Chat.
No. Silver Stock Com is an unregulated scam broker with no trading license. Please avoid this broker at all costs.
No. Silver Stock Com advertises a demo account but in reality, it doesn’t exist.
Silver Stock Com advertises an Android/iOS app but it’s most likely not true.
No. Silver Stock Com offers a basic and lackluster web-based platform with no advanced features.
No. Silver Stock Com is an unregulated scam broker with no trading license. Please avoid this broker at all costs.
No. Silver Stock Com advertises a demo account but in reality, it doesn’t exist.
Silver Stock Com advertises an Android/iOS app but it’s most likely not true.
No. Silver Stock Com offers a basic and lackluster web-based platform with no advanced features.
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