StoxDC was a new offshore Crypto / Forex CFD Broker, that opened on October 14th 2021. This makes them a very young brokerage firm.
Their website no longer works! For withdrawal problems or complaints read this.
StoxDC is officially owned and operated by; Heimdall Developments Ltd, which is located at: 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica. Contact phone number in United Kingdom is: +441274790051. Customer support email address is: [email protected]. Official website was at: https://www.StoxDC.com/.
StoxDC Broker Reviews
While reviewing the brokers at StoxDC, we see that they offer their investors a full range of CFD’s for trading on Forex, Stocks, Crypto Currency, Metals and Oil. The trading app you see on their website is called PandaTS, and it is a web-based app, without any mobile apps. Another broker offering this trading app alongside MT4 is CMTrading.
As a new day trader / investor, you should first learn the difference between trading and investing. Investors utilizing a CFD (Contracts for Difference) broker, are only day trading and looking to profit from the underlying assets price movement. You do not actually own the underlying asset or crypto currency.
StoxDC offers two different trading account types, however the minimum deposit is $250, like all “Get Rich Quick” brokers. Either way, you will receive plenty of phone calls from their salesmen asking you to make a larger investment.
Look here and see what a licensed broker offers!
Automated Trading Apps
Newbie investors usually get hooked into investing via a trading app like the Bitcoin Loophole. The problem with trading apps is, that most of them don’t make money, and you lose your investment fast.
This broker offers managed accounts which they call Heimdall Invest. This is a big red flag as there are no licensed CFD brokers offering investors managed account today. Take a few minutes and educate yourself on the pitfalls of using an automated trading app, read this.
Is StoxDC a Legit Broker?
No, StoxDC is not a licensed CFD broker, and does not have any Government regulator oversight or license. FMA Austria warned investors in April 2022, that this broker is illegally offering trading services to citizens of Austria, see here.
Brokers that offer investing or day trading on Crypto Currencies, Shares or Forex is considered an investment service, which means they are required to have a license from your governments regulator. CFD brokers in Australia must be licensed and regulated by ASIC, and brokers in United Kingdom must be regulated by the Financial Conduct Authority (FCA).
The difference between a licensed broker and an unlicensed broker is; who will insure your money when the broker goes out of business? Read more.
Compare Licensed Brokers
You can choose from more than one hundred licensed Forex brokers! Have a look at these popular licensed Forex brokers.
ForTrade is a popular Forex & Crypto broker, that is licensed and regulated in Europe, Australia, Canada and United Kingdom, see here. Try a Free Demo Account on their multiple trading apps, signup here.
Current investors at StoxDC are asked to leave their personal review, in the comment section below.