STX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.stxgroup.com/, about the company's legal and temporary regulatory information, the company's address Vijzelstraat 79 1017 HG Amsterdam The Netherlands.
Stx Brokers, officially known as Stx Brokers (Pte) Ltd, is a relatively new online forex brokerage established in 2021. The company is registered in the United Kingdom, with its headquarters located in London. As a private entity, Stx Brokers aims to provide a range of trading services to retail and institutional clients alike.
The primary market served by Stx Brokers includes forex and Contract for Difference (CFD) trading, catering to a diverse clientele that spans various trading experience levels. The broker's development has been marked by the introduction of multiple account types, each designed to meet the varying needs of traders. Although the official website of Stx Brokers is currently unavailable, it has garnered attention in the trading community for its high leverage options and competitive trading conditions.
Stx Brokers operates with a business model that focuses on retail forex trading, offering a variety of trading instruments, including major currency pairs and CFDs on indices, commodities, and stocks. The broker's commitment to providing accessible trading solutions has positioned it as a noteworthy player in the forex brokerage landscape.
Stx Brokers currently operates without valid regulatory oversight, which is a significant concern for potential clients. The broker has been flagged for lacking a license by major financial authorities, including the UK's Financial Conduct Authority (FCA). The absence of a regulatory license raises red flags regarding the safety of client funds and the overall legitimacy of the broker.
The UK FCA has issued warnings indicating that Stx Brokers is providing financial services without authorization, which further underscores the risks associated with trading through this platform. The regulatory status of Stx Brokers is classified as "no license," and it has received a low score on various broker review platforms, highlighting its unregulated nature.
In terms of compliance measures, Stx Brokers does not appear to have a robust framework for Know Your Customer (KYC) and Anti-Money Laundering (AML) practices, which are critical for ensuring the security and integrity of trading operations. The lack of investor compensation funds and segregated client accounts further compounds the risks for traders considering Stx Brokers as a trading partner.
Stx Brokers offers a variety of trading products primarily focused on forex and CFDs. The broker provides access to a wide range of currency pairs, including major, minor, and exotic pairs, which allows traders to diversify their trading strategies.
In addition to forex trading, Stx Brokers also offers CFDs on various asset classes, including indices, commodities, and stocks. This diverse product offering enables traders to engage in different markets and capitalize on various trading opportunities. However, specific details regarding the number of available currency pairs and the types of CFDs offered are limited due to the unavailability of the broker's official website.
Stx Brokers is also known for its high leverage options, with ratios reaching up to 1:1000 for certain accounts. This feature can appeal to traders looking to maximize their potential returns; however, it also introduces a higher level of risk. The broker does not currently provide a demo account option, which may hinder novice traders from practicing their strategies before investing real capital.
The frequency of product updates and the introduction of new trading instruments remain unclear, given the limited information available. Nonetheless, Stx Brokers aims to cater to both retail clients and institutional investors, providing tailored services to meet their trading needs.
Stx Brokers primarily offers the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and advanced trading capabilities. The platform supports various trading strategies, including automated trading through Expert Advisors (EAs), which can enhance trading efficiency.
In addition to MT4, Stx Brokers may offer a proprietary web-based trading platform, although specific details about this platform are not readily available. The absence of the MetaTrader 5 (MT5) platform could limit the broker's appeal to traders seeking the latest features and functionalities.
Mobile trading is supported, with applications available for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The broker's execution model is primarily based on Market Making, which may affect the pricing and spread conditions offered to clients.
Stx Brokers emphasizes the importance of technology in trading, with its servers located in strategic data centers to ensure optimal trade execution speed. However, further details regarding the broker's infrastructure and API access for algorithmic trading are not provided in the available information.
Stx Brokers offers several account types to accommodate different trading preferences and capital levels. The accounts include a Micro Plan, Basic Plan, Classic Plan, Premium Plan, Gold Plan, Platinum Plan, and VIP Plan, each with varying minimum deposit requirements.
The trading conditions, including spreads and commissions, vary based on the account type. However, specific details regarding spreads and commissions are not clearly outlined. The leverage offered by Stx Brokers can go up to 1:1000, which is significantly higher than many regulated brokers.
While the minimum trade size and overnight fees are standard in the industry, specific information on these aspects is not readily available. The lack of a demo account option may deter beginner traders from testing their strategies before committing real funds.
Stx Brokers supports a variety of deposit methods, including bank transfers and credit card payments. The minimum deposit requirements vary by account type, with the Micro Plan starting at $200 and the VIP Plan requiring a substantial $50,000.
Deposits are generally processed quickly, although specific processing times are not provided. The broker does not appear to charge fees for deposits, which can be advantageous for traders looking to maximize their investment.
Withdrawal methods include bank transfers and credit card withdrawals, but details regarding withdrawal processing times and any associated fees are not disclosed. The lack of clarity regarding withdrawal policies raises concerns about the ease of accessing funds, especially for traders who may need to liquidate their positions quickly.
Stx Brokers does not provide detailed information about its withdrawal limits or any potential restrictions, which could pose challenges for clients seeking to manage their funds effectively.
Stx Brokers offers customer support through various channels, including phone and email. The support team is available to assist clients with inquiries related to trading or account management. However, specific details regarding service hours and time zone coverage are not provided.
The broker is expected to offer multilingual support, although the exact languages available are not specified. This could limit accessibility for non-English speaking clients.
Educational resources provided by Stx Brokers may include webinars, tutorials, and market analysis services. However, the availability and quality of these resources remain unclear due to the lack of access to the broker's official website.
Traders looking for comprehensive market analysis and research reports may find limited offerings from Stx Brokers, which could affect their trading decisions and strategies.
Stx Brokers primarily serves clients in the United Kingdom and other regions, although specific details about its service markets are not explicitly stated. The broker's regional offices may be located in key financial centers to enhance service delivery.
However, Stx Brokers does not accept clients from certain countries, particularly those with stringent regulatory frameworks or where the broker lacks authorization to operate. The list of restricted countries is not publicly available, which could pose challenges for potential clients seeking to verify their eligibility.
Overall, the lack of transparency regarding regional coverage and restrictions may hinder potential clients from making informed decisions about engaging with Stx Brokers.
This guide serves as a comprehensive overview of Stx Brokers, highlighting its operational framework, trading offerings, and associated risks. Potential traders are encouraged to conduct thorough research and consider the regulatory environment before engaging with this broker.
jerrys81
Mexico
Good afternoon everyone, I hope you can help me since a person named lyli richi contacted me through telegram to invest at first I had doubts I started with little with 2000 thousand pesos and she supported me in making an account in bitso to make an account from there In Stex everything was normal, I earned 50 dolores and I withdrew it and after that I invested little by little until I invested the amount of approximately 60 thousand pesos and when I wanted to withdraw the platform I no longer wanted that I have a risk that someone used my account to make the withdrawal and they ask me for 1,999 dollars for confirmation and to unlock my account, which I have not done since I was scammed, my earnings are 10,000 dollars away from that, 4,000 thousand dollars is my capital, if someone could help me, I would appreciate it and if they help me, they keep the half of the 10,000 dollars what I want is to recover my capital. I attach evidence
Exposure
2023-08-12