Welcome to my Stock Sons Review!
Odds are somebody approached you about the business opportunity. Or you have seen the offers Stock Sons is claiming to their investors and want to find out if it is legit or not.
The good news is I am going to walk you through Stock Sons platform and their claiming passive income. So you can make the right decision.
PAY close attention and read this to the end…
[BREAKING NEWS!] – Stocksons Scammed over 2 million People!
Stock Sons Review (Company)
As indicated by the history page, the Braun siblings were the establishing individuals of this platform.
The history claims these siblings moved to Luxembourg where they originally worked at little brokerage firms.
Similarly, as indicated by their history page, Stock Sons was an organization which was registered in 2015.
In addition to that, they claim Stock Sons is an asset management company and a brokerage firm. Also, The about us page claim the platform has the best group of brokers, analysts, and HR administrators.
With such a convincing history, one would comfortably join with the platform.
Stock Sons Platform (Activity)
Furthermore, as indicated by their activity page, Stock Sons is a brokerage firm exchanging in all markets. The cited markets incorporate Euronext, London Stock Exchange, New York Stock Exchange, and others.
The standards expressed on their activity page are a perch to get more investors to join. However, Stock Sons has a notoriety of blocking withdrawals from individuals.
Read on to discover why the platform has been blacklisted by a European regulator.
Stock Sons Domain Details
According to the trusted domain checker whois.net, Stocksons.com was recently created. The register shows the website was created on 23rd October 2019. And this is clear evidence the platform is barely a year old.
Therefore, Claims of being in the market since 2015 have been thrown out of the window. Thanks to domain registers, one can certainly know when a website was created.
License and Registration of Stock Sons
The platform claims to be based in Luxembourg. With this statement, it is expected Luxembourg regulatory body has licensed the entity. A shocking warning has been issued by the CSSF which is the official Forex broker regulator in Luxembourg. Stock Sons is banned from offering any brokerage or trading services in the region. As a result, anyone who opens an account with the platform should know funds are far from being secure. An unlicensed entity does not secure funds deposited by investors.
Other regulatory bodies in the region have not licensed the platform. They include BaFIN, CNMV, CONSOB, CySEC, FCA, and FINMA. In other words, this is an indication we are dealing with scam artists who have a calculated plot. These scam artists will get as many investors to sign up and deposit before shutting down. In other words, If the authorities will not shut down the website in quick time, a lot of members will lose their funds. To avoid such a misfortune, it is best to stay away from Stock Sons.
Stock Sons Unrealistic Returns Promised
Despite the fact that this broker has not given any information about its trading conditions, Stock Sons promises to deliver stunningly high profits to its customers.
For the US account, you are promised 51% profits, for the EUR account, you get profits of up to 70% and for the GBP account, you get a profit of a massive 93%!
The reality of trading is that most traders lose money on the market. And brokers that are regulated need to publish the percentage of their traders who have lost money. This percentage usually ranges from 70% to 85%.
Therefore, these promises made by Stock Sons are just lies designed to trap eager traders into losing their money.
Stock Sons Deposit and Withdrawal Methods
Brokers usually mention all the ways in which their clients can deposit or withdraw their money. However, with Stock Sons, this information is also missing.
You really don’t know how you can make deposits or withdrawals until you actually open an account with this broker.
Stock Sons Development Plan
Their development plan is a perch to get traders to hop in their trading cart. Unmistakably, the platform won’t meet any of the plans as it will be cut down. After checking their platform plans, it is clear the platform isn’t prepared for such a colossal test. They talk of having an application which most traders have on their first year. They have recorded a developmental plan just to make the platform to appear proficient and professional.
Stock Sons Trading Platform
Although the entire website has no details regarding their trading platform, after a bit of digging I found out what they used. Stock Sons is using a custom-made platform which fails to pass any real tests. Their trading terminal is unstable due to lack of proper security details. Lack of DDoS (Distributed denial of service) and SSL (Secure Sockets Layer) encryption is proof of the terminal’s vulnerability. Hackers will easily gain access to the platform and steal valuable data.
Safety of funds with Stock Sons
Stock Sons can’t protect funds deposited by members. The platform is unequipped for offering safe measures to secure against third party attacks. Members are depositing funds direct to the owner’s bank account. With accounts missing, segregation of records isn’t occurring. Another issue is Stock Sons is pooling assets/funds in a single account. Traders should not expect any compensation from a platform that doesn’t take an interest in a compensatory plot.
Based on the all the facts that I have listed above, I won’t suggest choosing this platform at all. Please stay away from this guys, Stay away from any of their affiliate programs and don’t click on their links! However, if you are reading this blog a bit late, here are some options that you might want to consider.
You may contact your bank or credit card provider and file a chargeback. If, however, you have provided the broker with your credit card details, immediately cancel your credit card.
If you have given information regarding your online banking pass – you should switch it asap!
Also beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!
I hope you enjoyed this review. As always please leave a comment down in the comment section …
You can find more trading platform reviews here.
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