SST Forex Broker

Note: SSTs official site - https://www.china-statestreet.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. SST Review Summary in 10 Points Founded 5-10 years Registered Country/Region United Kingdom Regulation Suspicious FSPR, FCA, NFA clone Market Instruments Not disclosed Demo Account Not disclosed Leverage Not disclosed EUR/USD Spread Not disclosed Trading Platforms MT4 Minimum Deposit Not disclosed Customer Support Email, Phone What is SST？ SST, fully known as State Street Trustees Limited, is a UK-based global firm that provides online trading services to its clientele. However, SST currently holds suspiciously clone licenses from the Financial Service Providers Register (FSPR) with number 29468, the National Futures Association (NFA) with number 0191087, and the Financial Conduct Authority (FCA) with number 186237. This raises alarm bells when it comes to trading securely. Additionally, SST has been labeled as an illegal and scam broker on WikiFX. In the subsequent sections, our goal is to dissect and meticulously evaluate this broker's features from various standpoints, delivering clear, well-organized, and user-friendly details. If you find this intriguing, we recommend you to continue reading. Concluding the article, a concise summary will be shared, allowing you to quickly and comprehensively understand the defining attributes of the broker. Pros & Cons Pros Cons • MT4 trading platforms • Suspicious FSPR, FCA, NFA clone • Website non-functional • Categorized as illegal and scam broker on WikiFX • Lack of transparency • Negative reviews from their clients When analysing SST Limited, it is apparent that the company provides its services through the MT4 trading platform, which is a widely recognized positive aspect. However, numerous negatives counterbalance this advantage. Notably, SST holds questionable clone licenses from regulatory bodies such as the FSPR, FCA, and NFA, which raises significant questions about the safety and legitimacy of trading with them. The broker's website is also non-functional, reducing the transparency and accessibility of its operations. SST is highlighted as an illegal and scam broker on WikiFX, casting further doubts about its legitimacy. In addition, the lack of transparency and the prevalence of negative reviews from its clients significantly damage the broker's reputation. Therefore, the drawbacks considerably outweigh the benefits, making SST a potentially risky trading option. Is SST Safe or Scam？ When considering the safety of a brokerage like SST or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: The status of its FSPR (Financial Service Providers Register) license no. 29468, NFA (National Futures Association) license no. 0191087, and FCA (Financial Conduct Authority) license no. 186237, are suspected to be clones, alongside its classification as an illegal and scam broker on WikiFX, unquestionably raises concerns about the security of trading with SST. Additionally, the unavailability of their official website indicates a potential cessation of operations. Collectively, these elements intensify the overall risk factors tied to investing through this platform. User feedback: The presence of four reports on WikiFX detailing issues with withdrawals and a run-away boss should definitely be seen as potential red flags. It is always recommended that anyone considering engaging with a broker or investment platform conducts thorough research and due diligence to avoid making decisions they may regret. Security measures: So far we cannot find any security measures info on Internet for this broker. In the end, the choice to trade with SST is an individual one. It's crucial to thoroughly evaluate the potential risks and rewards before reaching a conclusion. Trading Platforms SST leverages the widely respected MT4 trading platform, which is compatible across various devices, including Windows, Desktop, iOS, and Android. This platform, celebrated for its intuitive interface, provides traders the convenience of initiating and ending trades, setting stops and entry limits all with a single click. It facilitates direct orders and modifications and allows the setting of stop-loss boundaries. In addition, the MT4 platform boasts a robust charting package, enabling in-depth market analysis options. User Exposure on WikiFX On our website, you will notice four reports on WikiFX relating to issues with withdrawals and an absconding boss, which undoubtedly constitute a serious warning sign. We strongly recommend all traders to thoroughly examine all available information before risking their hard-earned assets. Our website, serving as a comprehensive knowledge base, is aimed at helping traders in making informed decisions. If you have been subject to any fraudulent activities perpetrated by brokers or have fallen prey to such schemes, we strongly encourage you to report such incidents in our 'Exposure' section. We value your feedback greatly. Our committed team is devoted to handling these cases and is working hardly to provide solutions for these difficult situations. Customer Service SST's customer support is quite limited, providing only telephone and email as methods of communication. This restricted approach may pose challenges for immediate or diverse customer service needs. Phone: 4008585875. Email: info@sstforex.com; account@sstforex.com. While these traditional methods might still provide some level of support, it might not cater to the needs of clients who prefer more immediate or diverse forms of assistance. Conclusion SST, an online brokerage firm situated in the UK, claims to offer trading services. However, its suspicious clone licenses from FSPR, FCA, and NFA send up immediate warning signals. Regulated brokers are obligated to align with specified financial regulations, offering a safe guard to clients. Being flagged as an illegal and scam broker on WikiFX amplifies the risk quotient for traders, subjecting them to possible deceitful activities. Further highlighting their shortcomings, SST's non-operational website and four reports of withdrawal troubles and a run-away boss on WikiFX, suggest a lack of diligence and professionalism, promoting skepticism about their service dependability. Therefore, individuals considering engagement with SST are urged to proceed with caution and consider other regulated alternatives that prioritize transparency, security, and accountability. Frequently Asked Questions (FAQs) Q 1: Is SST regulated？ A 1: No. It has been verified that this broker is currently under FSPR, FCA and NFA clone condition. Q 2: Is SST a good broker for beginners？ A 2: No. It is not a good choice for beginners. Not only because of its suspicious clone regulatory condition, but also because of the lack of transparency and negative reports, along with the categorization of illegal and scam broker on WikiFX. Q 3: Does SST offer the industry leading MT4 & MT5？ A 3: Yes, it offers MT4 platform. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.