At first glance, the Stockwise website gives the impression of a solid broker with a professional design and reasonable conditions. However, don’t be captivated without conducting a thorough check. Many companies may look reliable and attractive on the outside but turn out to be nothing more than scams. Since there aren’t many reviews about this firm, let’s dive deeper to figure things out.
Brief Overview
- 🖥Official Website: https://stockwises.com/en/
- ✈️Contact Address: 1 Canada Square, London, England, E14 5AA
- 📞Customer Support: [email protected], +495155541555
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2023
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:1000
- 💰Additional Services: account manager
Stockwises.com Examination
The official website appears to be quite interesting and unique. It doesn’t seem like the creators used a pre-made template, which makes the company stand out from a crowd of similar brokers. However, not everything is as great as it might seem.
The design? Pretty underwhelming. The color scheme — white and blue — is dull and uninspiring. It feels like Stockwise picked the first free layout they found and slapped their logo on it. The visuals aren’t appealing; instead, they make the site look bland and tiring to the eyes.
What immediately stands out is the massive amount of meaningless text. You read and read, but learn nothing specific. “We value our clients” and “we provide access to a variety of instruments” — just empty phrases. Are you serious?
At the top, there’s a standard menu where users can explore more about the company: conditions, platform, registration details, and additional options. The Stockwise site is translated into several European languages. However, we found a few errors. For example, the word “WebTrader” in the tariff description is written as “WebTraider”. Was it really so hard to proofread for typos and mistakes?
In summary, the website gets a neutral rating. It’s not like the thousands of generic sites out there, but it also doesn’t look ideal or professional. The flaws are noticeable.
Company Contacts
Regarding contact details, things aren’t great either. You can reach Stockwise managers via phone, email, or by leaving a message in a feedback form.
Their address sounds impressive. However, as is well-known, 1 Canada Square, London, is a notorious hub for virtual offices — one of the most popular addresses used by companies to appear more legitimate. Hundreds, if not thousands, of organizations are registered there, most of which don’t physically operate at that location. The firm likely purchased a “virtual office” to create the illusion of credibility.
The absence of live chat and social media accounts is another red flag. These are essential channels for communication with traders and investors, but the company doesn’t seem to recognize their importance.
Key Conditions
Stockwise sticks to the classic scam playbook, offering several account types primarily distinguished by their minimum deposit requirements. The first tier requires $250 — the amount most commonly seen with scam brokers. The second tier starts at $5,000, and the others are not even worth mentioning due to their absurdly high deposit demands.
However, what does the trader actually get? Leverage of 1:500–1:1000; lot sizes starting from 0.01, spreads from 1 pip by default, a $3.50 commission per lot, and other parameters. The higher the tier, the lower the spreads and the more assets available for trading. For instance, the first tier only allows forex trading, while the second tier adds commodities. Why limit tradable assets?
The answer is simple. The broker is literally squeezing more money out of its clients. Want to trade gold or crypto? Deposit more money. Need better spreads? Deposit more money. This is a standard tactic used by unlicensed companies. And as for leverage, offering 1:1000 is outright prohibited by UK regulators, yet this company freely provides it to traders.
Exposing Stockwise
What’s the catch with this company? Can it be trusted, or is it better not to take the risk? Let’s find out by investigating their legal address, licenses, and operational history.
To start, any UK-based broker must obtain a license from the Financial Conduct Authority (FCA). So, we checked the official FCA website to find Stockwise. Unfortunately, there was no record. The company does not hold a license, meaning it operates illegally. This is a major red flag.
Interestingly, the broker provides a registration certificate on its website under the “Regulation” section. This is a blatant attempt to mislead clients, as registration with Companies House is not a license and offers no guarantees. It’s merely the creation of a legal entity, nothing more.
The legal registry shows a company called STOCKWISES CORP LTD, registered on September 26, 2024. Does this entity have any connection to the website stockwises.com? We doubt it. Even if it does, this doesn’t imply reliability or safety for traders. Working with a broker without a license is still risky.
Here’s another interesting point: the legal entity was registered in 2024, but the domain was created in the summer of 2023. So, how did the company operate before the legal entity was established? Was the domain acquired later, and the organization created afterward? These are all questions that point to one conclusion: it’s not worth risking your money by trading on this scam platform.
What Reviews Do Users Leave?
It’s difficult to find reviews about Stockwise because companies with similar names overshadow it. There are very few comments about this firm, which is also a negative sign. We recommend working with brokers known to millions, with tens or hundreds of thousands of reviews online.
Conclusions
The most important thing to know about this company is that it doesn’t have a license, and its claimed operating history since 2015 is fake. Scammers lie extensively to lure in trusting and inexperienced traders. Don’t let yourself be deceived.
Pros/Cons
- The site has been translated into several languages.
- Illegal activity as there is no license from FCA.
- Many signs of a fraudulent broker.
- Lies about the period of work.
- Few reviews on the Internet.
- High risk of losing money.
I don’t believe this company can be trusted. They lie, and if they lie, entrusting them with your money is dangerous. Let them obtain an FCA license first; then it might be worth having a conversation. Since they don’t have a license, there’s no point in taking the risk. Scammers are undoubtedly looking to steal your money. Please don’t fall victim to anonymous fraudsters.