Stockstrends.com

We want to introduce you to a CFD broker that generously offers incredible opportunities in online trading on financial markets completely free of charge. It’s called Stockstrends.com and promises traders a multitude of “tasty perks.” Here you’ll find access to hundreds of assets, complete safety of client funds, low spreads, full transparency of operations, etc. It’s almost the perfect platform, which its employees rightfully call “a leading global provider of online brokerage services.” However, in reality, it’s a third-rate scam project capable only of appropriating users’ money. Learn more about these scammers in our review.

Overview of Stockstrends.com

Traders looking for an honest and reliable broker would first start by researching all available information about it. Naturally, they would begin with its official website.

Broker History

We spent a long time trying to find information about the history of Stockstrends.com. It seems that the company has decided that providing visitors with information about the platform’s creation time, achievements, awards, and future plans is entirely unnecessary. They must read the broker’s praising texts about itself and be inspired to deposit as much money as possible. Strengthening the reputation with such simple methods is not for such a project.

We fully agree with the creators of Stockstrends.com. Indeed, publishing history will not help such scammers. And what can they say about themselves and their project? Nothing. They might say that the reluctance to talk about the company’s past does not mean that it was created by scammers. We will even partially agree with this. However, we will note that the likelihood of losing all money on such platforms is extremely high. Therefore, we will definitely check the creation date.

Stockstrends.com Website

We can say that the web designers who worked on the design of the official website did a pretty good job. They managed to make the pages quite attractive. It took very little to do this: competently arrange the pages and choose color combinations for the styles.

We have something to compare the result with. It’s easy to find an exact copy of the Stockstrends.com website, which belongs to a broker called TrustsCapital. We don’t know who stole the texts from whom. However, the fact that there are two resources with content that matches almost word for word (except, of course, for the company names) cannot be disputed.

Therefore, everything that was said in our review about one, with almost no changes, can be said about the other. For example, the quality of the Stockstrends.com content does not deserve any praise. For instance:

• On “Our Store” page, the broker talks about itself only in the superlative degree. Moreover, none of these self-praises are supported by any facts.
• “Market Overview” page has become a dump of analytical widgets from TradingView. Most users never even look at them. Experienced traders prefer to work with the primary source, where it’s easy to choose the necessary tools for the desired asset. It’s not difficult to determine the effectiveness of using these materials.
• On “Our Platform” page, the broker starts with a story about the undeniable advantages of its own terminal. It ends with praise for MT4 Margin WebTrader. From our point of view, the product from MetaQuotes software presented by Stockstrends.com has nothing to do with it. If the names of the programs coincided “accidentally,” we can talk about an attempt to deceive clients. Is this a great recommendation for a broker, isn’t it?

The copyright protection on both websites is executed similarly. It remains only to be surprised, does the company really consider the meager texts so valuable? Although, yes, in light of the two absolutely identical sites, protection can indeed be relevant.

Registration Process and Personal Account

The process of creating a new account with Stockstrends.com is not complicated for any client. Indeed, with just a few fields to fill out, there should be no problems to expect. However, to say that everything is in order with it is unlikely.

In the form fields, a user enters only:

• First and last name.
• Email address and phone number (selecting the country code from the list).
• Country of residence.
• Password.

It’s unknown whether various confirmations are provided in the registration form template. Meanwhile, Stockstrends.com has its own views on them. Therefore, the future client does not need to confirm anything or agree to anything during the registration process. This applies to both personal information (such as confirmation of legal age or non-US citizenship) and the text of documents such as Terms & Conditions or Privacy Policy.

As a result, we see that the broker ignores both legislation and regulatory requirements governing the provision of services:

• Incompletely collects clients’ personal data (for example, does not request an address).
• Does not verify contact information during registration.
• Does not provide the main documents for review and signature, primarily the Terms & Conditions.

Are you willing to work with a company that treats service regulation like this? We certainly are not.

So, immediately after submitting the registration data, a new user at Stockstrends.com can access their account and start trading. Moreover, without any additional checks. They immediately gain access to the entire set of account management functions provided by the template.

It includes:

• Editing personal data and security settings.
• Sending documents for verification.
• Financial operations (depositing and withdrawing funds).
• Viewing the history of trading and non-trading operations.
• Managing referrals.

The account dashboard differs in nothing from that of the aforementioned TrustsCapital. Even the option to enable 2FA remains unavailable.

Trading Platform

The trading platforms of the two brokers appear to be like twin brothers. Moreover, Stockstrends.com hasn’t even bothered to address the glaring shortcomings of the software. This raises suspicions that the terminal is not their own development, but rather created by entirely different individuals. The conclusion is not difficult to draw; all the talk about developing the platform in-house is nothing but an attempt to mislead users. Can you trust a broker (or brokers) after this?

Among the drawbacks of the Stockstrends.com terminal highlighted by traders are:

• Working with a single price chart. In situations requiring quick trading decisions, this leads to profit loss or trading participant losses.
• The inability to quickly select a ticker from the list of available ones. Clients lack tools for market overview customization. As a result, like in the previous case, they lose profit or deposit. Even the manufacturer-provided search system and favorites list are of little help.
• Only 5 price chart periods are available, with H1 (1 hour) and H4 (4 hours) not included in the list. Traders who work specifically on these intervals (about 85% of all) will have to adjust the parameters of their trading systems.
• Deal and order parameters are in dollars. Those accustomed to the classic method of defining volumes and placing orders will have to retrain. Naturally, it will be difficult to avoid losses in this case.

It seems that Stockstrends.com deliberately offers clients software in which it’s easier to lose money than to earn it. Considering that server administrators can adjust the flow of quotes (as mentioned in reviews), success in trading cannot be expected at all.

Contacts

Of course, managers has provided their contact information on “Support” page. Users can contact the company’s support from Monday to Friday from 09:00 to 17:00 (it’s interesting, by which time zone?).

• By sending an email to support@stockstrends.com.
• By calling the phone number +450800123456.

We are far from the thought that Stockstrends.com was able to rent such a beautiful number as 123456 in Denmark. We also do not believe that the phone number in the British office (provided in the footer of the pages) could look like +44 1234567890. Therefore, we can advise not even trying to reach the company’s representatives.

There are also two office addresses in the page footer:

• 25 Old Broad St., London EC2N 1HN, United Kingdom.
• Cutlass Tower Road Town, Tortola VG1110, C9CJ+RH Road Town, British Virgin Islands.

Isn’t it interesting when two seemingly identical brokers show addresses in the same places: in the United Kingdom and the British Virgin Islands? Otherwise, how could one not call such a situation a miraculous coincidence?

Analysis of Services Offered by Stockstrends.com

In short, after a quick acquaintance with the broker, we have no doubts that it is just a typical scam. However, the task of creating a quality review dictates the need to discuss its trading conditions and financial operations.

Funding and Withdrawal

Naturally, just like its clone, Stockstrends.com doesn’t even mention on its website the conditions for depositing and withdrawing funds. You’ll have to delve into the details in the personal account.

However, here too, content is of little help. When attempting to deposit funds, the list of payment methods turned out to be empty. Of course, the support service can easily solve the problem. Its employees will even inform a user where to transfer the money.

However, this looks far from transparent; rather, it resembles the actions of ordinary scammers. They have no interest in showing their details publicly. By using such a trick, scammers maintain anonymity and evade control from financial and tax authorities. The client, meanwhile, will transfer funds to the cryptocurrency wallet or card of another drop.

The picture with withdrawal requests is somewhat more pleasant. Here, Stockstrends.com does not hide and offers to order payouts to cryptocurrency wallets or cards. However, this is unlikely to matter. It seems to us that here you can specify any withdrawal methods at all; no one will pay out the money anyway.

Trading Conditions

Even scammers have the same tariff plan list. Stockstrends.com presents five standard accounts and two next-level accounts in their table:

• Basic. Minimum deposit $5,000, leverage 0 (probably denotes trading without margin), trade volume 0.01 lot, number of trading instruments 300+.
• Bronze. Minimum deposit $25,000, leverage 1:10, trade volume 0.01 lot, number of trading instruments 800+.
• Silver. Minimum deposit $50,000, leverage 1:50, trade volume 0.01 lot, number of trading instruments 1000+.
• Gold. Minimum deposit $75,000, leverage 1:100, trade volume 0.01 lot, number of trading instruments 1300+.
• Platinum. Minimum deposit $100,000, leverage 1:200, trade volume 0.01 lot, number of trading instruments 1500+.

Next-level accounts require higher deposits: $250,000 for VIP and $500,000 for Savings Account. The rest of the parameters repeat the conditions for the Platinum account.

As with TrustsCapital, it’s difficult for us to understand the logic behind naming the trading account a Savings Account. Apparently, the qualifications of the “brokers” creators do not include knowledge of what distinguishes a savings account.

Is Stockstrends.com Trustworthy and Reliable?

We are smoothly approaching the conclusion. All that remains is to verify the legal information about this project and confirm its fraudulent nature.

Assessing Legitimacy

As previously mentioned, the broker provided two addresses. Let’s start by checking the data in the UK Companies House.

As expected, the search returned no relevant results. A similar situation arises with the search in the BVIFSA registry, the financial regulator of the British Virgin Islands. This allows us to conclude that Stockstrends.com has neither an official registration nor a license. Accordingly, all its activities are illegal.

Established Track Record

We mentioned that Stockstrends.com does not provide either the company’s establishment date or other historical data. We will obtain this information using the WHOIS service, based on the domain registration date.

We see that the domain stockstrends.com was registered in September 2023, with the last significant change dated December 24, 3023. It turns out that the broker’s website is 3 to 6 months old. It becomes clear why the owners do not strive to provide any information: as expected, they simply have nothing to say.

Implications for Traders

Stockstrends.com is yet another scam broker, the main goal of its creators being to attract and misappropriate traders’ money. This is confirmed by the lack of registration and license, as well as the short existence of the platform. However, even more compelling evidence is the presence of a cloned website on the internet. We recommend users to forget about the existence of both projects and invest money in companies that definitely have a license.

Strengths and Weaknesses