Investment Companies

STECS

1.2 (13 reviews)
🇳🇬 Nigeria
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1.2
13 reviews
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About STECS

STECS has been flagged by Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: https://stecs.ng.

Customer Reviews

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Do not waste your money here

J
Jessica R.
2 weeks ago

STECS locked my account without warning and demanded documents I had already submitted. since I retired last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Dedicated account manager|Competitive fees|Wide product range

Cons: Website design could be more modern

They bet against their clients

F
Frank P.
2 months ago

After using STECS since mid-2025, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Multi-currency support|Clean UI|Regular updates

Cons: Research section could be deeper

Scam alert - They took my money

J
John H.
2 months ago

I invested $5,000 with STECS after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Securities and Exchange Commission.

Pros: Initially responsive customer service

Cons: Blocked my account|No legitimate license|Fake returns

Trading execution is suspicious

A
Andrea B.
2 months ago

Where do I even begin with STECS? for about ten months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.

Pros: Economic calendar|Two-factor authentication|Fast execution

Cons: Limited cryptocurrency options

Commission higher than stated

V
Vincent K.
2 months ago

After for about eight months with STECS I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.

Pros: Good analytical tools|Market news feed

Cons: Wait times can be long during peak hours|Account statements could be more detailed

Just terrible honestly

H
Harry M.
2 months ago

What really bothers me about STECS is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.

Pros: Instant funding|Customizable dashboard|Dividend tracking

Cons: Spreads widen during volatile periods

Unprofessional and unreliable

K
Karen Z.
3 months ago

The so-called education at STECS is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about eight months thinking they would help me learn.

Pros: Helpful community forum|Wide product range|Good analytical tools|Segregated accounts

Cons: Limited ETF selection|Minor UI glitches occasionally

A total embarrassment of a platform

C
Courtney A.
4 months ago

The only good thing about STECS is that they remind you why regulation matters. I found them based on a colleague's recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Multi-currency support|Two-factor authentication

Cons: Some tools only available on higher tiers|Alert system is basic

Statement errors every month

V
Victoria B.
4 months ago

I found STECS from a blog post comparing services and the initial impression was positive. But for over a year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: Competitive fees|Risk management tools

Cons: Limited social trading features

No beneficiary designation

T
Tyler K.
5 months ago

STECS seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Good mobile app|Demo account available|Market news feed

Cons: Inactivity fee applies after 12 months