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STO -

Score

1.58 /10
Danger

STO

Cyprus

Stoppage of Business

5-10 years

Regulated in United Kingdom

Investment Advisory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

http://www.stofs.co.uk/en

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Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index2.78

Business Index7.57

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

STO

Company Abbreviation

STO

Platform registered country and region

Cyprus

Company website

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Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 5
Previous Detection : 2024-11-16
  • This broker bas been verified to be stoppage of business, and it has been listed in WikiFX's Stoppage of Business list. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

STO

United Kingdom

WikiFX Verification

Exposure

8 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

account frozen after trying to withdraw without any reason or course, no help has been given by the broker, broker suspicious

2021-04-07 02:06
Unable to Withdraw

STO gives no access to withdrawal since 2019

I have traded in STO for more than 2 years without withdrawing money.I applied for withdrawal in this January.After receiving an email,nobody replied to me anymore.I applied again in March.The email was in Chinese without a signature.I heard that there are more or less problems in STO.Please pay attention to it.

2019-03-26 22:53
Scam

Who has been cheated like me???

I deposited 10,000 yuan on April 2. But I am unable to withdraw. That is my hard-earned money!!! At first, they told you this investment was profitable via WeChat. And they taught you to operate via YY. In the end, you were told to add positions for wrong operations. I hope there will be no more person cheated... If you encounter sucn kind of things, please call the police. If there are many people calling the police, the police will attach more importance to this case!!!

2021-04-16 07:37
Unable to Withdraw

Sto black platform fraud

A while ago, met this girl at IG. He learned that I had to rely on myself to earn living expenses and tuition fees, so he introduced me to work in this place where smart technology was originally called Yuanhua Investment Advisory. The person who wants to work has no money at all and really only has 500 yuan left in my account, but the other party keeps asking me to deposit it into the platform of Sto, and they keep sending pictures of other people making money to lure me. My deposit was remitted in, and after the remittance, the other party blocked me and I couldn't find anyone...

2023-07-13 21:53
Unable to Withdraw

My account has been frozen!!! What should I do???

After the operation of 4/2, I kept applying for withdrawal after I did not withdraw my account the next day, and the amount is still frozen. What should I do?

2021-04-06 10:01
Unable to Withdraw

I wanna expose this fraud broker！！！

I want to use my salary for a few months to invest. I saw someone trading on STO in Moments. I was very excited about the transaction income. After normal operation, the funds cannot be received. I contacted the customer service. She said that my operation is risky. , I am very angry when I refuse to withdraw money!

2021-04-03 16:46
Unable to Withdraw

STO trading-unable to withdraw money

On April 2nd, I charged 10,000yuan on the STO trading platform. After withdrawal, I did not receive money the next day. So I went to the customer service and got such result! I made some research and found that the STO transaction was actually Shitou International, whose business had been suspended. Then why could I still operate normally during the period?[d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d]

2021-04-04 08:20
Unable to Withdraw

STO is a scamer! They will drive you to another trading platform to cover them.

STO say they are the most trusted Binary Options Broker, but I say they are must untrustworthy broker. They are withholding my funds and not honoring my withdrawal request. Several times now they have approved it and then cancelled it. This has been going on for weeks with standard messages, "your request has been forwarded to one of our representatives" or, to our "accounts department.". From my experience STO is the same as all the others, they fall over themselves to get your money and then stall and hold up the withdrawal process hoping you will go away and forget about it because it's all to hard.

2021-09-16 19:21
    STO · Company summary

    General Information

    STO is a trading name of AFX Markets Ltd and AFX Capital Markets Ltd. Their headquarters are located in Limassol, Cyprus, regulated by the UK Financial Conduct Authority (FCA) and Cyprus Securities Exchange Commission (CySEC).

    Regulatory Risk

    According to the update news from the authorities, the AFX Markets Ltd and AFX Capital Markets Ltd licenses are both suspended as noted by FCA and CySEC regulators in 2019. Please be aware of the risk!

    Official Website Unavailable

    As of now, the website of STO is not available. We can only get a rough idea of the information of the broker from some trader review portals.

    Market Instruments

    STO provides numerous major instruments of financial markets including Forex, indices, commodities, equities and bonds.

    Accounts

    STO has five account types for investors to choose from, namely STO Classic, STO Premium, PRO, VIP and AFX Fast accounts. Account standards are set for minimum deposits, ranging from $100 to $50,000.

    Leverage

    STO allows its traders to use a maximum leverage ratio of up to 1:500. Leverage amplifies potential profits, but it also immensely boosts risks.

    Spreads

    With STO, there are variable spreads that differ depending on trade plus what account the trader has with the broker. For example, STO Classic Account charges spread from 1.6 pips; STO Premium Account enjoys spread from 0.4 pips; and Pro Account features lower spread of 0.3 pips.

    Trading Platforms

    STO mainstays at the MetsTrader4(MT4) as a platform to access the trading, however offering as an option the AFX Fast platform. MT4 is available in different versions that are suited to use in any device, PC, Mobile or through the Application. And AFX Fast is an online based platform that was developed by STO, which features ECN/ STP execution model.

    Payment Methods

    STO offers multiple ways to fund an account and start live trading. Those methods include Visa, Mastercards, Visa Electron, Skrill, Przelewy24, CashU, WebMoney, Paysafecard, Neteller, Qiwi and Wire Transfer. The payments can be done with EUR, USD, GBP and PLN.

    Trading Hours

    Trades can be made five days a week from 24:00 server time Sunday until 24:00 server time Friday.

    Customer support

    Customers support can be reached by phone to STOs London or Cyprus numbers or email to the appropriate department. Chat is available during working hours.

    Risk Warning

    Multiple online platforms have received a large number of complaints from STO, mainly covering the inability to log in and out of funds. Please note that the broker may have closed down and run away.

    User Reviews

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    User comment

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    Comments

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    FX1263869432
    more than one year
    The first withdrawal was successful after several days of frustration. I don’t know why I had to go through hell before I finally got my money transferred to my mobile money wallet. I hope they resolve whatever issues they have to regain the trust of their customers.
    The first withdrawal was successful after several days of frustration. I don’t know why I had to go through hell before I finally got my money transferred to my mobile money wallet. I hope they resolve whatever issues they have to regain the trust of their customers.
    Translate to English
    2023-02-23 17:13
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