StockSons.com Review: Due to our research on their page, the Braun brothers were the founding members of this platform. According to their history page, StockSons is a company which was registered in 2015. StockSons is a CFD brokerage based in luxemborg as they claim.
StockSons claims to be leading international securities listing providers that specializes in providing the stock industry with efficient and standardized infrastructure for information exchange, it also provides a web-based trading terminal, not the MetaTrader 4 trading platform.
StockSons Trading Platforms
We do believe they are using a custom made platform. We went further to opening a trading account, when we were done with our registration, to our amazement we were not offered a trading platform but a weird dashboard were trading isn’t enabled.
However, there isn’t even an available trading platform.
What StockSons Claims to Offer
The alleged promises that anyone who invests will make a quick rise monthly returns of 51-93 of their investment. The monthly profits promised by StockSons are simply comfortable,but be careful.
They also talk of having an app which traders would have on their first year. StockSons.com claims to regularly negotiate with the shareholder to get feedback on the corporate management system and strive to ensure that these feedbacks is taken into account through improved policies, processes and information disclosure.
StockSons Deposit and Withdrawal Methods
They are various payment methods which Forex trading traders may deposit or withdraw. They include MasterCard and the Standard Visa, as well as bank wire and e-wallet such as Skrill, Webmoney, Perfect money, Neteller.
The StockSons minimum deposit depends on chosen asset. For currencies, StockSons minimum deposit is $50, for commodities it’s $500. Users are charged with a 0.5% fee for internal withdrawals, while unverified users are taxed with 2%.
Is StockSons licensed and Registered?
Claiming to be based in luxembourg, a shocking warning has been issued by the CSSF which is the official Forex broker regulator in luxembourg. Forex brokers should be be licensed by the local Commision de Surveillance du Secteur Financier (CSSF), or by a similar financial agency of another EU Member State.
Stocksons is banned from offering any brokerage or trading services in the region. Regulatory bodies in the region have not licensed the platform. These bodies includes CNMV, FINMA, FCA, CySEC, and CONSOB. These are signs to warn you of danger in the trading world because unregulated brokers will most likely get scammed.
After concluding our researches, all the details we viewed points to the fact that StockSons is clearly not a LEGIT broker . When trading with such a broker, your total investment is at risk.
Our advice to investors is to invest only with brokers licensed by reputable financial agencies like ASIC in Australia and CySEC in Cyprus. keep yourself and your loved ones safe from scam artists.