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.
My withdrawal from STECS was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over a year of being strung along.
Pros: Risk management tools|Tax reports included|Two-factor authentication|Easy to use platform
Cons: Search feature is basic|Cannot customize dashboard fully
The mobile app from STECS is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Transparent fees|Multi-currency support|Full transparency|Reliable uptime
Cons: Limited cryptocurrency options
I was about to invest with STECS but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Securities and Exchange Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly