Stockdale Street is a replica of Scalacap. The Financial Conduct Authority already blacklists the former. Stockdale-street.com is blacklisted by both CNMV and CONSOB. The high number of Italian and Spanish investors who lost funds with the platform is unimaginable. Thanks to the warning from the regulators, you now know the risks involved. Here’s the complete STOCKDALE STREET REVIEW.
According to the homepage, the platform offers six distinctive services to investors. These include audit, business strategy, evaluation, financial analysis, and medium. The other two include planning and portfolio management.
Most investors don’t bother reading reviews or doing thorough research. However, you must do due diligence before signing up with any platform. And this is why you must find out what made these regulators issue a warning on stockdale-street.com.
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Stockdale Street has been taking advantage of naive investors. None of them knew that it was a cloned website. We believe both look-alike platforms belong to the same owner. The people behind these two remain at large.
Although the aesthetics look appealing, once you sign up, you start noticing red flags. Most investors are currently having a hard time trying to withdraw funds. For the past few weeks, most are unable to withdraw funds.
Trying to reach support and get any response is another issue. The phone number found at the footer of the homepage is not working. We have seen this tactic before. The people behind it want to leave users in the dark.
Stockdale Street offers three investment plans, with the minimum acceptable deposit set at $1,000. Investors should know that regulators have set the minimum allowed deposit at $250. The people behind stockdale-street.com are taking advantage of investors.
Here’s a closer look at each of the accounts
Standard
It’s the most basic account, and members must deposit $1,000 to start using the platform. What’s acceptable with all accounts is the leverage. All accounts follow the acceptable maximum leverage of 1:100.
Pro
The pro account is the most recommended, and users deposit $5,000 to start trading. Although the platform claims to offer negative balance protection, we highly doubt it. The minimum trade volume is 0.01.
Premium
It’s the most exclusive account, with members funding the account with a minimum of $10,000. Hedging is allowed on all accounts with no indication of spreads. None of the accounts offer trading signals or a dedicated account manager.
There are several awards listed at the footer of their homepage. Of course, all this is an effort to make the platform appear global and reputable. But, thanks to our keen eye, we know how to spot red flags on such platforms.
None of the awards have their name engraved on them. We only have award logos, and anyone can download them. There’s no mention of the body or institution that presented these awards. And this is why they are false awards.
No names have been mentioned on the platform, making it an anonymous forex investment platform. It would help if you stayed away from it as there’s no transparency. We don’t know who the owner is or the person responsible for the funds.
With anonymity, a lot of questions pop up. The address showing the platform resides in the UK is false. We believe the platform is owned by offshore persons looking to take advantage of European investors.
You will notice there’s no live chat on the platform. After depositing over $5,000 with the platform, one would expect quality customer service. However, when you try the phone number listed, it rarely goes through.
There’s no effort from their side to respond to emails. We sent an email asking about the warning from regulators a few weeks back. There has been no response from the team behind Stockdale-street.com.
For those who want to test the platform, there’s no demo account. And this is another con when you consider other platforms that offer free demo platforms. With a demo account, you can test how the platform behaves.
The lack of a demo account means investors are going in blind. No one knows whether the trading platform offers advanced tools. Even newbies trade without testing their skills which means Stockdale Street is not user-friendly.
We could not find any independent comments or testimonials. The only testimonials we see are on their homepage. One problem is that these people are the ones who testified on Scalacp. And this is another concrete proof we are dealing with a cloned platform.
You can check what investors are going through via TrustPilot and other forums. Make sure to check what other people are facing before any commitments. All the testimonials are from created profiles.
Depositing funds or how long it takes to withdraw funds is not mentioned. Most investors fund their accounts using a bank account. There’s a welcome email with a bank number where you can deposit funds.
Most members have not had the chance to withdraw funds for the past few weeks. And this is a major concern and a reason for the warning from regulators. If a platform does not allow withdrawals, it’s not worth funding.
Stockdale Street is facing WARNINGS from two regulators, CNMV and CONSOB. The platform even posts a link to their license and claims to be regulated by the FCA. There’s registration number 223608, which we believe is random digits.
With two reputable regulators issuing a warning, there’s no need to risk your investment. Instead, you should ensure you check with regulators whether a platform is regulated. And this means confirming with the regulators’ official registry page.
Make sure to sign up with platforms regulated by leading and trusted governing bodies. These include ASIC, BaFIN, CNMV, and CONSOB. Other reputable regulators include FCA, FINMA, and the SEC.
We don’t know which platform they use. So before signing up with a platform, ensure you know the platform you will be using. We recommend using MT4, MT5, or SIRIX. Unfortunately, most custom platforms don’t come with advanced tools.
Stockdale-street claims to provide an advanced web platform which is far from the truth. The platform in question lacks a secure trading platform. In addition, there’s no extra security layer making the platform unstable.
Safety of funds is out of the question with a platform that uses false registry details. The platform fails to use DDoS protection and SSL Encryption on their website. When making deposits, there’s a chance third parties can get your data.
Here are the reasons why we don’t recommend Stockdale-street.com
These are the reasons why investing with Stockdale-street.com is a problem.
When selecting the best form of investing, go for authentic platforms. Experts highly recommend these platforms.
If you have any questions, feel free to contact us by leaving a comment or writing to us.
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