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• Our Review Method

• Is StoxMarket Scam or Legit Broker?

• What is StoxMarket?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding StoxMarket due to the issues we've identified.

Is StoxMarket Scam or Legit Broker? ▲

Concerns have been raised about StoxMarket's legitimacy. This brokerage has been flagged and blacklisted by a renowned regulatory authority, signaling that it should be steered clear of. StoxMarket is under the ownership of Marketier Holdings Limited, a company incorporated in the Marshall Islands. The Marshall Islands are infamous for their lack of stringent requirements and regulatory oversight. With low setup costs and no forex trading regulation, it has become a haven for questionable forex brokerage firms like MegaTradeFX and Finbitex, among others.

What is StoxMarket? ▲

StoxMarket presents a range of trading products and options to its clientele, encompassing Forex, Commodities, Stocks, Indices, and Cryptocurrencies. While it professes to be stationed in Scotland, UK, it lacks regulation by the local Financial Conduct Authority (FCA). Furthermore, the FCA issued a warning against Marketier Holdings Limited (operating as StoxMarket) in June 2017, stating: "This firm (Marketier Holdings (trading as StoxMarket) is not authorised by us and is targeting people in the UK. Based upon the information we hold, we believe it is carrying on regulated activities which require authorisation." In addition, the British Columbia Securities Commission issued a warning against the broker in December 2016. At that time, Marketier Holdings Limited purported to be located and registered in another offshore zone, Dominica, stating: "We recently became aware of StoxMarket and that a BC resident was able to open a trading account with StoxMarket. The Parties are not registered to trade in, or advise on, securities or exchange contracts in BC."

Conclusion ▲

We emphatically urge all investors and traders to steer clear of StoxMarket and other brokerages based in the Marshall Islands. It's advisable to engage with brokers that are well-regulated, such as those in the UK or Australia.

StoxMarket Update:

Our thorough investigation has revealed that StoxMarket is currently inactive. The broker's website is inaccessible, and there's no tangible evidence to suggest its ongoing operation. We strongly advise against engaging with any offshore-based brokers, given their instability and the absence of robust regulatory frameworks.