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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