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Stock 247 Traders

United States|2-5 years|
Suspicious Scope of Business|High potential risk|

https://stock247traders.com/index.php

Website

Rating Index

Contact

+1 518 994 0226
info@stock247traders.com
https://stock247traders.com/index.php
FL 33076, Parkland, United States.

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Stock 247 Traders · WikiFX Survey

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Stock 247 Traders · Company Summary

General Information

Founded in 2009, Stock 247 Traders is allegedly a broker based in the USA, authorized and regulated by the Cayman Islands Monetary Authority, claiming to provide its clients with the worlds most popular MetaTrader4 and MetaTrader5 trading platforms, leverage up to 500:1, variable spreads on over 300 tradable products, as well as a choice of three different account types and 24×5 customer support services.

Market Instruments

Stock 247 Traders advertises that it offers access to more than 300 trading instruments across all asset classes in financial markets, including forex, commodities, indices, share CFDs. Some other trading assets like energy and precious metals are also available.

Market

Account Types

There are three trading accounts offered by Stock 247 Traders, namely RAW ECN Account, Standard STP Account and PRO ECN Account. Opening any type of account requires the minimum initial deposit amount of $500.

Leverage

The maximum leverage ratio provided by Stock 247 Traders is much higher than most brokers, up to 500:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions are influenced by what type of accounts traders are holding. Stock 247 Traders reveals that the spreads for EUR/USD pair in the Standard STP account start from 1.4 pips with no commissions, the clients on the RAW ECN account can enjoy raw spreads from 0.0 pips with a commission of A$3, while the PRO ECN account with raw spreads from 0.0 pips and a commission of A$2.

Spreads
Spreads
Spreads

Trading Platform Available

When it comes to trading platforms available,Stock 247 Traders gives traders the worlds most widely-used MetaTrader4 and MetaTrader5 platforms, available for Windows, iOS and Android. MT4 and MT5 are both known as the most successful, efficient, and competent forex trading software, perfect for both new and experienced traders, offering one-touch trading, multiple order types and more. While with MT4 and MT5 Mobile apps, trading can be done from anywhere and at any time through the right mobile terminals.

Deposit & Withdrawal

Stock 247 Traders accepts deposits and withdrawals via a wide selection of methods, containing Bitcoin, Domestic Fast Transfer (Australia Only), International EFT, BPAY(Australia Only), POLi Payments (Australia Only), Credit/Debit Cards (Visa and MasterCard), JCB, China Union Pay, Neteller, Skrill, Broker-to-Broker Transfer, FasaPay and Thailand Instant Bank Wire Transfer. The minimum deposit amount is $500. Different payment methods may charge different fees. For instance, deposit or withdrawal via China Union Pay may charge a fee of 1.30% - 2.50%, Neteller, Skrill and Broker-to-Broker Transfer will be subject to Neteller‘s fees, Skrill’s fees and bank transfer fees respectively, while the other methods with no fees. As for the processing time of deposit requests, International EFT and Broker-to-Broker Transfer require 2-5 business days, while BPAY with 1-2 business days, POLi Payments and Skrill will process within 24 business hours, Domestic Fast Transfer with a few hours, Bitcoin with 1-30 minutes and other methods can process deposit requests instantly. By contrast, all withdrawal requests will be processed between Monday to Friday 9 am-7 pm (AEST), but requests received after 7 pm will be processed on the following working day.

Deposit

Customer Support

Stock 247 Traders customer support can be reached through phone (international): +15189940226, email: info@stock247traders.com or live chat. Besides, you can also follow this broker on some social media platforms like Facebook and Twitter. Company address: FL 33076, Parkland, United States.

Broker Information

Company Name

Stock 247 Traders

Abbreviation

Stock 247 Traders

Regulatory Status

No Regulation

Platform registered country and region

United States

Phone of the company
  • +1 518 994 0226

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • FL 33076, Parkland, United States.

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@stock247traders.com

Company Summary

User Reviews

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2

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玲珑41221
more than one year
They claimed to offer both MT4 and MT5 trading platforms, but when I tried to download them, both platforms were unavailable. After reaching out to customer service, I spent an eternity on the phone waiting for a resolution. To make matters worse, their website lacked transparency and important information was hard to find.
2023-03-29 09:30
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0
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FX1366817253
more than one year
I have always thought that the service provided by Stock 247 Traders is great, the only downside is that there is only one free withdrawal per month, so I plan to wait until next month to withdraw...unexpectedly, I waited for the closure of the website .
2023-03-09 16:59
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