STOCK SONS

Stock Sons looks good and plays good, but is it a fair player, or is this one a scammer? Read the review to find out.

The broker claims to be registered in Luxembourg, even providing a 3-page incorporation document in Spanish, for some reason. However, the broker does not provide regulatory information. We remind readers, that a company is easily incorporated, but a license is what it should have in order to provide legal and safe trading conditions.

In Luxembourg the Commission de Surveillance du Secteur Financier (CSSF) is what regulates the local market industry. We checked the regulator's website for a Stock Sons and did not get any results. Thus Stock Sons  is UNLICENSED, even if the website looks and feels quite professional and up-to standards. Do not be fooled by such aspects; illicit brokers are conscious of the power of good looks and will play on people expectations to lure in deposits.

Once we registered, we were presented with a one-of-a kind dashboard, that revealed to us the truth. The following section further explains. What must be known for now is that no trading conditions apply, like spreads or leverages.

Surprisingly, the broker offers its website in a huge assortment of languages: English, Spanish, Russian, Italian, Arabic, Chinese, German, French, Polish, Portuguese, Indian, Korean, Farsi, Japanese, and Vietnamese.

STOCK SONS LOGIN

The fact of the matter is that Stock Sons is another broker promising out-of-nowhere profits on users' deposits. Essentially, a user is given either some currencies, commodities, or equity markets to invest in, after which they are to expect a daily profit. For example, if a user is to deposit $25k into silver, he or she will be gaining a $500 profit every day.

That is the just of Stock Sons. It has no trading platform. It goes without saying, that no money will ever come from this scheme.

STOCK SONS MINIMUM DEPOSIT

Upon registering an account, we were presented with the following payment methods: bitcoin, Ethereum, Perfect money, Payeer, Litecoin, and USDT(ERC). The minimum deposit depends on the chosen asset. For currencies, the minimum deposit is $50, for commodities it's $500.

Due to the broker’s lack of any regulation, we advise against depositing any amount whatsoever. If traders wish to invest in online forex, they will find that any FCA/CySEC regulated broker will surely do. These agencies are at the top of their game, demanding a strict conduct from brokers, and requiring regular reports on their activities.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

It may or may not happen, but if an unregulated broker asks you to install AnyDesk or TeamViewer and give them log in details, consider yourself very open to a complete drainage of your funds from all your online accounts. These software allow for anyone to access your PC from another station and go through all your files and vital information, including credit card, bank and alternative payment method details. Thankfully, these platforms are completely legal and will need your own personal approval in order to be used.