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Stock Trade Invest Review – is stocktradeinvest.com scam or good forex broker?
RECOMMENDED FOREX BROKERS
Trading Accounts and Conditions
|Account type||Minimum deposit||Min. trade size||Maximum Leverage||Spread|
|Basic||250 EUR||0.01||1:400||2 pips spread|
|Platinum||10 000 EUR||0.01||1:400||N/A|
Stock Trade Invest offers the above account types for trading in wide range of financial instruments. Actually, the broker has three more accounts (Black, Diamond and Prestige), but they require an initial investment of at least EUR 25k, so we have not included them in the above table. You’d better not invest much money in unregulated brokers such as Stock Trade Invest.
Stock Trade Invest Advantages
Many asset classes covered
Stock Trade Invest offers trading in numerous forex pairs, including minor and exotic ones, as well as wide range of CFDs. The latter include indices, commodities, a lot of stocks and many cryptocurrencies available in various pairings.
In case you are keen on trading in cryptocurrencies, however, Stock Trade Invest might not be the best choice for you. Here is a list of forex brokers offering Bitcoin trades that are reliable and licensed.
Seemingly good trading conditions
Although Stock Trade Invest has not specified any of its trading conditions on the website, one can look them up on their web platform even without logging in. So, it seems that clients of this broker are able to use high leverage levels, reaching 1:400, to trade in micro lots and the spreads are in line with the average in the industry, fixed at 2 pips. For further information on spreads, you can check out our real-time spread comparison page.
Stock Trade Invest Disadvantages
Not regulated, FCA warning
This broker is allegedly owned and operated by STOCKTRADEINVEST LTD., a company registered in the United Kingdom. There is even a certificate of incorporation uploaded on the broker’s website, however, this is by no means a valid forex broker license.
Forex and CFD providers offering their services in the UK have to be licensed by the Financial Conduct Authority (FCA). Stock Trade Invest, however, is not. What is worse, the FCA has issued a warning against it, so you’d better stay away from this broker. Many of those unregulated brokers run investment scams.
Instead of the most widely used platform in the industry, the MetaTrader 4, Stock Trade Invest uses some web based platform that is too simplified, and lacking any analytics whatsoever. Here is a preview:
Best Options Broker 2020!
Great Choice For Beginners!
Free Trading Education!
Free Demo Account 1000$!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
Limited payment methods, initial deposit a bit high
Stock Trade Invest uses only bank wire transfer and credit/debit cards as payment methods, while most brokers usually offer several e-payment systems, such as Skrill and/or Neteller, and besides, most of those who facilitate trading in crypto CFDs, also allow deposits in Bitcoin.
Another thing we don’t like about Stock Trade Invest is the fact that it demands an initial investment of 250 EUR. While this may not sound like too much, many reputable and licensed brokers require less. For example, one can open an account with industry leader IG by depositing just a couple of pounds.
Stock Trade Invest is not a broker we can recommend. It seems to operate out of the UK with no license whatsoever, and the local financial watchdog has warned the public against it. On top of that, its offer is not all that tempting – spreads fixed at 2 pips on EUR/USD, some oversimplified web platform, and trashy website with no information on trading conditions.
We always encourage our readers to deal only with regulated brokers, as those operating without a forex broker license are most often scams. Besides, if you invest with a licensed broker, you get certain protection, and there are designated bodies who monitor the activity of the financial services provider.
For example, the UK’s FCA requires licensed brokers to maintain a capital of EUR 730 000 as a guarantee of their good standing; to keep clients’ funds in segregated accounts; to report transactions on a regular basis; and to be members of the FSCS.
To sum up our opinion on Stock Trade Invest:
|Many asset classes covered||Not regulated|
|Seemingly good trading conditions||FCA warning|
|Limited payment methods|
|Initial deposit a bit high|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Trade LTD Review – 5 things you should know about Tradeltd.com
Beware! Trade LTD is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Trade LTD is a CFD forex brokerage presumably from St. Vincent and the Grenadines. It provides the MetaTrader4 and an extremely generous leverage. Traders are extended a leverage of up to 1:200. Furthermore, there is a wide range of trading products from which to choose and a spread of 2.4 pips on EUR/USD. The minimum deposit is $250 which is about the industry average.
Trade LTD regulation & safety of funds
Trade LTD does not state any sort of regulatory status on its website and there is some uncertainty regarding the brokerage. The website states that the company name is BUSHIDO TECHNOLOGIES OÜ, registered in Estonia, but with an operational address in Austria. Furthermore, the brokers website offers an MT4 for download provided by the company Titanium Tech Solution Limited which has been flagged by Italy’s regulatory body CONSOB. Such irregularities, coupled with the obvious lack of credible regulation inclines us to doubt whether potential clients of the brokerage are not open to substantial risk. We advise traders to fully exclude the risk of fraud in trading by only doing business with brokerages regulated by prestigious regulatory agencies, such as the FCA and CySec, require compliance with a number of strict rules that give significant assurance for the security of the clients funds.
The segregation of accounts is among the rules which are especially important in the trading world, because it drastically lowers the risk of possible commingling.
Another is the participation in a compensatory scheme by which the client’s losses will be covered in the unlikely case the broker goes bankrupt or attempts to swindle traders.
Trade LTD deposit/withdrawal methods and fees
Potential clients of the brokerage may deposit or withdraw via VISA, MasterCard, Maestro, Skrill, Neteller and WebMoney. We must further say that we came across a troublesome provision in the broker’s terms and conditions. There is a minimum withdrawal amount of 50 account units withdrawals through wire transfer will only be eligible if the profit is higher than a 100 account units. We could not find any fees, but that is no guarantee there aren’t any. Furthermore, even such provisions (putting aside whether there are any fees) should not figure among the terms of a legitimate brokerage.
We must also remind readers of all the ways a trader may test the brokerage’s intentions. Firstly, traders are advised to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.
How does the scam work?
Even though the forex trading world is extremely large and encompasses millions of people around the globe, the most common scamming is pretty simple and straightforward and as such – it’s not particularly daring to avoid. Here is a quick overview of how it is done:
Through clicking an ad with promises for fast money, you will be redirected to a website such as Crypto Signals Software or The bitcoin miner where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.
After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.
Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have up to six months to file a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing this crucial period and, along the way, losing any chance you might have of getting the money back.
What to do when scammed?
As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.
You may contact your bank or credit card provider and file a chargeback, but only within six months of the initial deposit, as was noted above.
If, however, you have provided the broker with your credit card details, immediately cancel your credit card.
If you have given information regarding your online banking pass – you should switch it asap!
Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!
Market Traders Institute Review – Forex Education and Software
Market Traders Institute Review
Have you heard of the trader educating, training, and trading platform Market Traders Institute? Market Traders Institute combines a variety of features with sophisticated trade management tools. Read our review of Market Traders Institute to find out if it fits your needs.
Market Traders Institute
MarketTraders.com is the Market Traders Institute (MTI), a trader education, training and trading platform catering to traders of all levels of experience. They provide a comprehensive program that provides front-to-end education and training with sophisticated customized trade management, charting tools and scanning software to can enhance analysis and performance.
MTI was launched in 2020 to meet the needs of traders seeking to enter the currencies trading markets. Started by traders for traders. MTI University was formed to provide the training and education. Mentorships were added to shorten the learning curve and accelerate trading success. To further enhance the application of skill sets, MTI branched into trading platform and software development. Online course span various global markets from Forex, stock, options to cryptocurrencies.
Market Traders Institute Pricing Options
MTI offers two types of paid products and services: education and software.
Education consists primarily of online courses . They are self-paced and interactive videos with quizzes and accessible with an internet connection. Course topics cover Forex, stocks and options and cryptocurrencies. Prices range from $99 for Six Figure Sessions to $495 for the Einstein Trading Program to upwards of $7,995 for The Ultimate Traders Package Course .
MTI offers various software tools and subscriptions:
The Smart Trader is the trading platform that can be plugged into an online brokerage account. There is a basic free version, which doesn’t connect to live trading. Premium paid versions start at $24.95 and Elite version at $59.95-per month. Paid versions have live trading connections enabled and have annual plans available.
The Ultimate Charting Software subscription has over 200 pre-loaded indicators along with auto fibs, patterns tool and the AXABCD Tool for tracking harmonic patterns. They offer a 7-day free trial for $1 which converts to monthly recurring billing at $59 for the basic Ultimate Charting.
The UTP Ultimate Charting Software subscription includes multiple trading system strategies like Pip Finder, Pin Pointer, Turbo Trader Trading System and dedicated one-on-one phone support and account representative for $249-per month.
The Ultimate Market Scanner comes with a 7-day free trial and then reverts to $199-per month.
Market Traders Institute (MTI) University:
The education division of MTI is the online university, which provides self-paced in-depth online trading courses by market and experience level. The courses provide a complete support system with the option to attend a live seminar, trial periods to software products and mentorship options.
The Target Trading 2.0 course is a great example of this. Authored by Gary Fichardt, MTI’s Director of Trading, pours his over two decades of trading experience into 23.5 hours of content for novice through intermediate FX traders. Composed of 11-lessons that teach students how to identify and trade pivot points while managing risk and targets. The course includes four one-hour live classes with expert analysts as well as weekly live question and answering sessions. Users get two-months of Ultimate Charting Software included with the course. After completing the course, students can consider on-going mentoring with a success coach. MTI supports the student journey thoroughly and comprehensively through the whole training-to-trading learning cycle.
Market Traders Institute Platform Features
The MTI platform features refer to the Smart Trader and the add-on charting software and market scanner. These functions are available with the respective subscription plans.
The charting functionality depends on the type of subscriptions you have. The basic charts have candlestick, line and bar. They feel very smooth and flexible making navigation very easy. Make sure to keep the Magnet tab on when trying to plot trend lines as it will automatically connect the cursor to individual candle highs and lows just by hovering over them, rather than trying to manually plot the exact prices by hand. All charts have basic indicators including moving averages, stochastics and Bollinger Bands. More exotic indicators include Elder Thermometer, Flipit, Fractals Oscillator, Encapsulation and Gopalakrishnan Range Index. The Basic has limits three-indicators per-chart. Premium enables five and Elite enables 10-indicators per-chart.
The Ultimate Charting Software
Subscribing to the Ultimate Charting Software opens up a world of indicators and sophisticated tools including Auto-Fibs (which automatically plots Fibonacci retracement lines), Candle Tools (which identifies specific candlestick patterns and formations) and the XABCD Tools (which identifies and detects harmonic patterns like Gartleys, bats and Butterflies).
Forex markets have the most liquidity but the smallest number of tradeable instruments. This makes scanning for patterns preferable. The candle tool also enables scanning abilities. The Ultimate Scanner is very informative and enables back-testing and many performance metrics. It also enables cross-market scanning including Forex, Stocks and ETFs, Futures. While, it may appear complex at first, there are many pre-built scans to cut your teeth on. The free training videos area a good starting point as well as the Ultimate Market Scanner course.
Traders can set Alerts directly on the charts, watch lists and/or in the scanner. The key is configuring them, so you aren’t getting alerts all day non-stop. This tends to be an issue with newbies wanting to jump headfirst into the game. The purpose of alerts is to let the CPU do the legwork of filtering down to the best candidates and set-ups. You will have to select and determine if a trade is viable from there. Alerts are only available with Premium and Elite subscriptions.
Watch Lists and Saved Layouts
These are easily and conveniently created on the Smart Trader platform. However, it’s important to note that only three workspaces are available for Basic, while Premier gets five and Elite has unlimited workspaces.
Smart Trader and the software tools are compatible with Forex.com, FXCM, Avatrade, JFD Brokers, DriveWeath, CityIndex, CFH Clearing and many more. It’s best to check with your broker to confirm compatibility.
Platform Differentiators for Market Traders Institute
MTI is a fully integrated training system that teaches how to trade and provides the comprehensive tool to improve performance. Ongoing mentorships as well as a chatroom is available. Users can also share their charts and data on social media, which is becoming a common trend.
What Type of Trader Market Traders Institute Is Best For
MTI caters to traders of all styles and experience levels. The tools are priced modestly, and experienced traders may opt just for subscriptions to those. Newbies and beginner traders will likely consider the educational training courses, which can be expensive. It’s important to plan out the budget to take on the training.
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