Is Stockpiletrade.com a scam ?
According to the Stockpiletrade review, this website is believed to be a scam. It is an offshore broker without regulation from reputable authorities such as FSMA, FCA, CySec, ASIC, etc. This lack of regulation is just one concern.
Many complaints and negative reviews have been reported about Stockpiletrade.com, raising suspicions of potential scam activities. It is crucial to note that trading with this broker may not secure your funds.
What is Stockpiletrade.com?
According to Stockpile reviews, it is an online digital brokerage. They have two types of accounts: individual brokerage accounts and custodial accounts.
To open an account for someone under 18, you must set up a custodial account. In this account, you will be the custodian, and the minor will be the beneficiary.
Stockpiletrade.com Details.
| Regulated by: | Financial Services and Markets Authority (FSMA), The Cyprus Securities and Exchange Commission (CySEC), The Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC) |
| Is This Company Safe? | Yes No License Found |
| Known Website: | Stockpiletrade.com |
| Have Warnings from: | not Warning |
| Registered in: | Not Registered |
| Operating since: | 2012 |
| Trading Platforms: | Stocks, ETFs and cryptocurrency |
| Maximum Leverage: | N/A |
| Deposit: | BitCoin USDT (Trc20) ETFs and cryptocurrency |
| Deposit Bonus: | Not available |
| Trading Assets: | Stocks, ETFs, and Cryptocurrency |
| Free Demo Account: | Demo: $10,000.00 |
| How to Withdraw from This Site? | ETFs and cryptocurrency BitCoin USDT (Trc20) |
Stockpiletrade.com Reviews about its Deposits and Withdrawals
Operating under Stockpiletrade.com, it claims to offer flexible deposit and withdrawal options. However, it is crucial to note that this company is not considered legitimate.
Deposits:
- Methods: BitCoin USDT (Trc20)
- ETFs and cryptocurrency
- No specified minimum or maximum limits
Withdrawals:
- Methods: BitCoin USDT (Trc20)
- ETFs and cryptocurrency
- No specified minimum or maximum limits
Account Types
Stockpile Trade review says that it is an online digital brokerage, and it offers two types of accounts:
- Individual brokerage accounts
- custodial accounts.
Live Account:
- Starting balance: $0.00 (Deposit and Use)
- Specific details about trading conditions for the Live account are not provided.
Demo Account:
- Starting balance: $10,000
- Specific details about trading conditions for the Demo account are not provided.
No other types of accounts have been mentioned. Traders are advised to review the terms and conditions carefully before choosing an account type with Stockpiletrade.com
Red Flags and Warning Signs
A red flag is a warning or indicator of a potential problem with a company’s stock, financial statements, or news reports. Analysts and investors have been requested to be wary of falling into the trap of Stockpile Trade scams.
The website owner uses a paid service to hide their identity on WHOIS. The website does not attract a high number of visitors. Our research shows that the website is being served in a high-risk country. It is also worth noting that this recently established website has many reviews. It is essential to consider that the website has recently been registered.
Read our carefully selected list of 100 top-regulated brokers to make Safe investment decisions in legitimate companies.
Customer Complaints and Negative Reviews
There are numerous Stockpiletrade reviews available online with negative comments. This is a clear warning for investors to make decisions wisely.
FAQs
Is stockpile free?
Stockpile Trade Reviews says that it offers two options for its fee structure: a monthly fee of $4.95 or an annual fee of $50.
Is the website a brokerage firm?
Stockpile, Inc. seems to operate as a brokerage firm.
How does the website work?
Stockpile offers fractional share investing where a user chooses a dollar amount rather than several whole shares.
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