Seastock24 is a suspicious offshore broker that raises many questions. Its Terms and Conditions include a clause prohibiting clients from withdrawing profits. This is a common tactic used by scammers. The business is also misleading about its location, adding to its scammy behavior.
In terms of trading, Seastock24 offers a limited range of assets and leverage and doesn’t even allow clients to open a demo account to test its services. Based on these factors, we advise against using Seastock24. We also encourage you to read our full Seastock24 review to learn more about its flaws.
|Leverage||1:10 – 1:50|
|Headquarters||European Economic Area|
Seastock24 License and Regulations
If you’re looking for a reliable broker, always check if they have a license. Sadly, Seastock24’s claims of operating within the European Economic Area don’t hold up. According to EU directive MiFID II, brokers within the EEA aren’t allowed to offer bonuses – which Seastock24 does. That means that this broker is not regulated by any country in the EEA.
Instead, Seastock24 is just another offshore firm operating from a scam-friendly jurisdiction with weak laws. They pretend to be located in a more reputable area to attract traders. Know that trading with an unlicensed broker is risky. Always go for a fully licensed and regulated company.
Note: This is just a friendly reminder. Try not to fall for products that haven’t been tested and don’t actually work. Sadly, many unscrupulous individuals and companies are trying to sell you false promises of making money. This is a fact! Stay alert and only invest in products with a proven track record of success. Stay safe!
Trading Platform Overview
The Seastock24 trading platform boasts a web trader accessible through browsers. However, you should keep in mind that demo accounts are nowhere to be found.
In contrast, legit brokers implement strict KYC protocols while also offering demo accounts. They do this to provide clients with a preview of their platform. Sadly enough, entrusting Seastock24 with sensitive details is not a wise option as their questionable practices raise red flags.
Trading on an offshore firm’s platform, regardless of its cutting-edge tech such as MetaTrader 5, is never a guarantee of safety. In fact, the likelihood of fake trading volume and financial malfeasance runs rampant among fake brokers. This is what makes them a hotbed for potential monetary losses.
Account Types Offered at Seastock24
The Seastock24 broker scam offers a variety of trading accounts. These account types are:
However, these accounts are not reliable or trustworthy. The company is known for its suspicious business practices. It is best to avoid opening an account with Seastock24. Please try to choose a reputable broker instead. This would be a much safer and more responsible choice.
Seastock24 Deposit and Withdrawal
As we could not open an account, we were unable to discern the deposit methods accepted by SeaStock24. Yet, according to their Terms and Conditions, the broker mentions accepting card payments and claims to have no deposit or withdrawal fees.
If this data is accurate, it is worth noting that both Visa and MasterCard offer chargeback options within 540 days of the transaction. This gives a potential avenue for recovery in the event of investing with this questionable broker. SeaStock24 may offer bonuses, but you won’t be able to withdraw them.
Tip: Please share any negative experiences with Seastock24 or other fraudulent brokers with us.
How Do Offshore Brokers Implement Their Scam?
Investing in the financial markets can yield positive returns, for sure. However, it’s essential to be cautious about fraudulent activity. Scammers often establish fake broker websites in order to trick inexperienced investors. This goes without saying!
These scammers may persistently contact you and pressure you to invest money with them. Still, you may never see profits, and getting your money back can become a challenge. To protect yourself, it’s crucial to stay informed about everything!
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After all, Seastock24 broker has been proven to be a scam, with multiple reports of clients losing their money. There are also many issues with withdrawals and deposits.
It is crucial to thoroughly research and verify the credibility of any company before investing. Invest wisely and stay alert to avoid falling victim to scams like Seastock24.
FAQs About Seastock24 Broker
Is My Money Safe with Seastock24?
No. Keep in mind that your money is not safe with this broker. They have suspicious trading activity.
Is Seastock24 Regulated?
The broker Seastock24 is not regulated; the company does not hold a license to conduct any transactions.
Does Seastock24 Offer a Demo Account?
You should keep in mind that opening a demo account with this broker is not possible.