Stuholk – Will They Scam You?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
EDEX Invest- DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2021
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://www.stuholk.com
Founded: 2015
Regulations: N/A
Languages: English
Deposit Methods: Visa, MasterCard, Soft, GiroPay, BPay
Minimum Deposit: $250
Free Demo Account: N/A
Number of Assets: 6
Types of Assets: Indices, Forex, Stocks, Commodities, Options, Cryptocurrency
Stuholk claims to be a London-based forex and CFD broker that offers innovative trading solutions on a wide range of trading assets, including equities, currency pairs, commodities, and indices – all with clever earning methods, cutting-edge security, and cutting-edge trading technology.
Sounds wonderful, but unfortunately, the reality was rather different. Stuholk is another unregulated, practically anonymous website that appears to be a fraud. If you’re still thinking about accepting their offer, keep reading.
Trading Accounts and Conditions
There are 5 different account types. The basic account requires a minimum deposit of 250 USD. Apart from the Basic account, Stuholk demands 5000 USD, 25 000 USD, 50 000 USD, and 250 000 USD for the Silver, Gold, Platinum, and VIP account categories, respectively.
On Stuholk’s website, both MetaTrader5 and MetaTrader4 are marketed, and an unbranded, demo version of MT5 is available for download. However, this does not imply that Stuholk really offers the platform, because, as previously said, this is not a fully working platform, but rather a trial version available straight from the creators’ website – Meta Quotes.
Stuholk – Advantages
Realistically, no advantages can be seen if you use this broker. It is best not to invest and trade with them.
Stuholk – Disadvantages
Your Money Is Clearly Not Safe
It was astonishing how little information about a license or an address was available. We were only able to identify two pieces of incorrect information in Stuholk, which is typical of fraudster brokers. The first thing we discovered is that the firm is purportedly registered in Poland, which is not the first nation that comes to mind when thinking about forex brokers, even if Poland does have a thriving trading community.
The Polish Financial Supervision Authority is the country’s official regulator, however, it has no information on Stuholk, implying that it is not regulated in Poland.
Apart from the bogus Polish address, we have learned that the broker is also based in the United Kingdom, which is even more absurd than the Polish address. A potential forex broker must have a license from the Financial Conduct Authority (FCA) in order to be registered and legitimized in the United Kingdom. This broker is not regulated in the United Kingdom since it does not have a license from this organization. There is no further information with which to work, not that we need it to establish that Stuholk is uncontrolled and poses a risk to all users.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Shady Deposit and Withdrawal
All payment information must be taken from the website. As a result, there is a natural concern about the payment information. The purported deposit minimum is $250. There are no particular payment methods listed, although the terms and conditions do include credit cards, debit cards, and wire transfer as options.
Withdrawals take ten days to complete, and the minimum withdrawal amount is $100. When withdrawing, it seems that no commissions are paid. There is no further payment information that is useful to us here. Nothing from what we’ve shared can be completely believed. However, this is to be expected when dealing with unlicensed brokers. Overall, this broker is unregulated and unworthy of your time.
Offers Fake “Artificial Intelligence Algorithms”
Stuholk appears to be delivering artificial intelligence algorithms that are claimed to forecast possible market reactions, as well as the support of personal financial advisors who will guide you through the whole trading process and assist you in trading.
Not only that, but Stuholk guarantees that “your success is directly connected to how soon you start” and that “you will be able to produce a consistent source of income” with the aid of Stuholk’s specialists.
If you’re still not sure what the issue is, it’s the fact that Stuholk, like virtually all brokers on the market, including legitimate ones, acts as a market maker, which means they profit whenever you lose. So it should go without saying that if you allow market makers like Stuholk to assist you with your trades – whether through artificial intelligence or a dedicated financial advisor – they will most likely have every idea to mismanage them thus causing you to lose all you invested for the broker’s own profit. This is an excellent illustration of a conflict of interest.
Conclusion
Be on the lookout for Stuholk! This is a sophisticated deception that is effectively disguised by a variety of factors. The first and most important concealing tool is a well-organized website that works well and is constructed in a professional manner. Then we come upon a slew of data that appears to validate the broker, despite the fact that it is utterly worthless.
Due to its professional appearance and ease of luring consumers, we believe Stuholk to be a new species of fraudster brokers. For a little period, we, too, were duped into believing that the broker was present on a daily basis. Read the review and then judge for yourself if it’s truly worth investing in this one.
We created an account extremely quickly, so quickly that it is suspicious that we accomplished it so quickly, and that we were able to activate the account in no time. Unfortunately, this is when Stuholk’s actual nature was revealed: the activation link in our email brought us to an error page, indicating that either there is no user area or the broker did not recognize us as a possible investor.
In any case, we must extract all trading and payment information from a company’s website that cannot be trusted with such information. Users can trade forex currency pairs, indices, equities, commodities, options, and cryptocurrencies, according to the allegedly trading conditions. There are no spread values to be found anywhere on the website, and the charts that are sprinkled around the site are owned by a third party, implying that they do not disclose the broker’s real trading conditions—yet another subtle indicator that the firm is not regulated. There is also no mention of the leverage value.
Stuholk
Pros
- None
Cons
- Your Money is Clearly Not Safe
- Shady Deposit and Withdrawal
- Offers Fake “Artifical Intelligence Algorithms”
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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