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StoxDC

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Operating status: SCAM

Website: https://www.stoxdc.com/

Broker violations and abnormal records
  • 2022-04-03 The Spanish CNMV Added StoxDC into Its Warnings and Alerts

    On 4 Apr 2022,  the CNMV issued a warning that StoxDC has not been authorised to provide investment services, you may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=HEIMDALL%20DEVELOPMENTS%20LTD

    On 4 Apr 2022,  the CNMV issued a warning that StoxDC has not been authorised to provide investment services, you may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=HEIMDALL%20DEVELOPMENTS%20LTD
  • 2022-04-06 The Austria FMA Added StoxDC into Its Warnings

    On 7 April 2022, the Austrian Financial Market Authority (FMA) issued a warning that SagaTrade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/heimdall-developments-ltd-stoxdc/

    On 7 April 2022, the Austrian Financial Market Authority (FMA) issued a warning that SagaTrade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/heimdall-developments-ltd-stoxdc/
  • 2022-04-17 BrokersView has reviewed that StoxDC is an Unregulated Forex Broker

    StoxDC claims it is owned and operated by Heimdall Developments Ltd, a company registered in the Commonwealth of Dominica with registration number: 2020IBC/00083. However, Dominica does not have authorities that regulate any forex activities. Having registration does not mean having any regulation.

    What's more, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. And the Austrian Financial Market Authority (FMA) issued a warning that SagaTrade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.

    So StoxDC is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam. 


    StoxDC claims it is owned and operated by Heimdall Developments Ltd, a company registered in the Commonwealth of Dominica with registration number: 2020IBC/00083. However, Dominica does not have authorities that regulate any forex activities. Having registration does not mean having any regulation.What's more, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. And the Austrian Financial Market Authority (FMA) issued a warning that SagaTrade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.So StoxDC is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam. 
  • 2022-08-31 The Germany BaFin Added StoxDC into Its Warnings

    On 1 Sep 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that StoxDC does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_08_31_stockxdc_en.html;jsessionid=31DA9C5C915594EE0331113274D3894F.2_cid503

    On 1 Sep 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that StoxDC does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_08_31_stockxdc_en.html;jsessionid=31DA9C5C915594EE0331113274D3894F.2_cid503

Related Complaints

Q&A

What is the best feature of StoxDC for new trader ?

Mario Vega
China
2022-06-16
ANSWER StoxDC is not a licensed or regulated broker even though it states offers that look good to be true. StoxDC claims it is owned and operated by Heimdall Developments Ltd, a company registered in the Commonwealth of Dominica with registration number: 2020IBC/00083. However, Dominica does not have authorities that regulate any forex activities.What's more, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. You can check the full warning from here.The truth is, StoxDC is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like StoxDC and trade with licensed brokers.
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