Stockoza

Investigating Stockoza: A Comprehensive Review

Stockoza — yet another broker created by scammers to collect and misappropriate traders’ funds. The company tries to attract prospective clients by promising them “Trading Empowered.” Among the features mentioned are fund protection, secure transactions, access to hundreds of assets with flexible leverage, and professional support. However, we see nothing but a scam project behind all of this and are ready to share our observations and conclusions with every user. Read more about this platform in the review below.

Overview of Stockoza

To understand whether it’s worth working with a broker, one needs to carefully examine all available information about it, starting from the official website. Let’s begin our acquaintance with Stockoza.

Broker History

The company prefers not to disclose anything about its history. We were hoping to learn about the founding date, see its achievements, and familiarize ourselves with its future plans. Needless to say, such an approach allows us to assess the professionalism of the team, their ability to succeed, and the prospects for collaboration. The presence of such information positively influences the platform’s reputation. However, the creators of Stockoza have chosen a different path. What can we say if there isn’t even an “About” page on the website, and we had to glean the founding date from the company’s published registration number? Of course, we will try to find the necessary information from external sources. However, we certainly know that reputable licensed brokers do not behave this way. While this is not yet a reason to call the project fraudulent, the reluctance to publish historical information raises concerns.

Stockoza.com Website

And what can we say about the broker’s official website? We were not impressed. Although the homepage looks quite decent, the impression quickly dissipates. Transitions between pages happen rather slowly, and during this process, a user is forced to contemplate an empty screen saturated with a small progress bar.

Apart from that, the function of blocking the right mouse button significantly reduces the convenience of viewing pages. The main question is, why did the developers of Stockoza use it? It doesn’t protect against content copying (for example, Ctrl+C still works). Besides, there’s nothing valuable to protect on these pages; they simply lack valuable information.

It’s impossible to consider the content worth protecting:

• The banner on the homepage, which doesn’t fit into the site’s design concept.
• “Markets” page, which lacks even a detailed description of asset groups, let alone contract specifications.
• The trading session schedule on global exchanges or the seemingly random spread sizes on “Conditions” page.

Similar words can be said about each of Stockoza’s six pages. Overall, such a third-rate creation can only serve one purpose — to indicate the broker’s presence online. It’s incapable of anything else, especially attracting clients. Representatives of the company can gather an audience through other means, albeit not always legal.

Registration Process and Personal Account

Registering a new Stockoza client takes no more than one minute. To do this, a user needs to fill out a simple registration form.

The following information should be entered into its fields:

• First and last name.
• Email and phone number.
• Country of residence and full postal address.
• Account currency (from the dropdown list).
• Referral code (if available).

In addition, users will need to agree to the terms of several documents (Terms and Conditions, Privacy Policy, Conflict of Interests, Risk Disclosure, and Order Execution), confirm that they are not a resident, including tax resident, of the USA, and are willing to receive promotional materials and notifications from the broker, such as signals, via SMS.

Overall, it all looks quite impressive. Some traders may even get the impression that Stockoza fully complies with regulatory requirements. However, experienced market participants know that registration without verifying contact details on regulated platforms is impossible. This platform does not conduct such verification.

Such an approach is typical for scam projects. During contact with a client, representatives of Stockoza ascertain whether a trader is willing to cooperate specifically with this platform, open, and, most importantly, fund accounts here. So, we see yet another fact indicating that the company widely employs fraudulent methods.

Naturally, we were unable to obtain an active account. Therefore, we could not assess the organization of the Stockoza personal cabinet . However, it’s unlikely that the developers came up with anything original; most likely, one of the standard solutions for scam brokers is used in it.

Trading Platform

Stockoza describes its trading terminal on “Platform” page. Of course, texts advertise the advantages of modern software, providing traders with access to all financial instruments and ensuring ultra-fast order reception, placement, and execution. It’s also mentioned that users can trade in both web and mobile applications.

However, seeing this software in action is not as simple as it seems. To download any of the application versions or launch the web terminal, one must first log in. It’s clear that this cannot be done without a valid account. Therefore, we could not evaluate either the interface or the functionality of Stockoza’s programs. Nevertheless, we do have some questions about the trading platform.

• Why is software download only available to authorized users? Are the technologies used in the terminal so secret that they need protection from distribution?
• Why does the company that developed a full set of trading programs not allow users to familiarize themselves with them in demo mode?
• Why are the mobile app versions not available in the Google Play Store and App Store? Could it be because the software does not meet the stores’ requirements? Or do the companies have claims against the program owner itself?

Of course, Stockoza is unlikely to provide answers to these questions. However, we assume that the terminal is by no means the best trading platform, as the broker tries to present it. Most likely, after getting acquainted with the software, many traders will refuse to work with it. That’s why it’s offered only to registered users who have nowhere else to go after funding their accounts.

Contacts

On “Get Assistance” page, managers provide data that traders can use to contact the company’s support service.

There aren’t so many of them here:

• Phone number +18009018109.
• Email address support@stockoza.com.

In addition, users can contact customer support via the online chat, which is available on any page of the website.

The company’s registered address, Beachmont Business Centre, Suite 241, Kingstown, St. Vincent & the Grenadines, is also located in the footer of the pages. However, it is not particularly original, as several dozen other scam brokers are also located here.

However, there are no links to Stockoza’s social media accounts. We do not believe that over the years of its existence, the broker has not found the time and resources to create groups and channels. Most likely, this is done deliberately — the company does not need another uncontrolled source of clients. This is exactly what scammers do.

Analysis of Services Offered by Stockoza

At a superficial glance, it becomes clear that the broker widely employs fraudulent methods. However, it’s too early to draw any final conclusions. At least until examining Stockoza’s offers for traders.

Funding and Withdrawal

In the FAQ, the broker mentions some payment methods available for depositing and bank transfers.

• Credit and debit cards.
• Some electronic payment systems.

However, besides mentioning possible fund transfer channels, Stockoza does not provide any further details about transaction characteristics. At the same time, traders would like to know their limits, fee sizes, and execution times.

Perhaps all this information is available in the personal account, but without a valid login, we have no access there. However, we believe that even in the client’s workspace, a user won’t see this information or even the company’s details. Scammers are not interested in publishing the latest in the public, seeking to avoid attention from financial and tax authorities. Therefore, transfers are likely accepted to crypto wallets or to drop cards/accounts. Stockoza probably does not differ much from most scam projects in this regard.

Stockoza Trading Conditions

Traders might rejoice — the broker dedicated a separate page on its website to trading conditions. However, after the first glance, it becomes clear: there’s a page, but it doesn’t contain information about the terms of trading.

The only thing a trading participant may notice is a table with the sizes of minimum and average spreads for individual assets. Stockoza claims they are exceptionally narrow — starting from 0.1 pips for minimums and from 0.3 pips for averages. However, according to reviews from former and current platform clients, talk of such spreads is nothing more than another legend. For example, for the EUR/USD pair, which is listed in the first row of the table, the actual spread never even reaches 1 pip, with a typical value of 1.2-1.4 pips.

Only the minimum deposit sizes are shown in the description of account types. Stockoza offers traders a total of 6 tariff plans:

• Beginner with a deposit from $10,000.
• Intermediate with a deposit from $50,000.
• Advance with a deposit from $100,000.
• Pro with a deposit from $250,000.
• Expert with a deposit from $500,000.
• VIP with a deposit from $1,000,000.

The broker does not publish any other trading conditions. The only exception is the maximum leverage ratio, which is even advertised on the main page banner, at 1:400. Traders will have to find out the minimum trade volumes and their increments, margin call and stop-out levels, and other position characteristics themselves during trading. Needless to say, such an approach forces the user to incur losses. However, Stockoza representatives are unlikely to be concerned about this.

They don’t miss the chance to advertise other options aimed at attracting the attention of market newcomers to the accounts. Specifically for them, personal manager assistance, receiving trading signals, and access to materials and Trading Academy sessions are important. That’s why Stockoza included these offers in the description of tariff plans.

Is Stockoza Trustworthy and Reliable?

Doubts about the company being organized by scammers and engaging in fraudulent activities are practically non-existent at this point. Our only remaining task is to verify the official information about Stockoza.

Assessing Legitimacy

As mentioned earlier, the broker has placed an official address in Saint Vincent and the Grenadines in the footer of its pages. Checking the company’s registration data is not difficult; the local regulator SVGFSA mandates the registration of all financial service providers. However, it does not license or regulate the activities of Forex and binary options brokers.

The search in the company registry using the number 26405BC2021 confirms that the firm is indeed registered in this country. However, as mentioned earlier, the local regulator neither licenses nor regulates the activities of such services.

Thus, Stockoza lacks an official license. This indicates its operation outside the bounds of the law. Should you trust your money with such a platform? Definitely not.

Established Track Record

The final step is to determine the broker’s founding date and the duration of its presence in the online space. Since trusting the information from the license number is difficult, we will resort to independent sources. The most accessible of these is the WHOIS service, where the domain registration date is available.

We see that the broker is using a domain created as far back as 2020. However, a check of web archive snapshots shows that Stockoza began offering brokerage services somewhat later: the first snapshot of the trading platform appeared in May 2021. So the project has been online for quite some time. We’re just unsure how it managed to survive without official registration and a license for so long.

Implications for Traders

We believe that trusting Stockoza, opening accounts with them, and funding them is not advisable. The likelihood of losing money is very high, as evidenced by reviews of those affected by the company’s actions, the lack of license, and unreliable information on the official website.

Strengths and Weaknesses