StocksCM (stockscm.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert.
Phones: +61382567089, +448449864883 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: stockscm.com.
Do not use StocksCM (stockscm.com) for anything serious. I used them since I opened my account last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Risk management tools|Fast execution
Cons: Limited cryptocurrency options|Slow to add new assets
KYC with StocksCM (stockscm.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Quick verification|Two-factor authentication|Detailed reporting
Cons: Desktop app not available on Linux|No phone support on weekends
StocksCM (stockscm.com) 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: Transparent fees|Responsive team
Cons: No dark mode on mobile
Do not believe the bonus offer from StocksCM (stockscm.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after attending a webinar they hosted and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Real-time alerts|High security standards|Educational resources|Smooth onboarding
Cons: Desktop app not available on Linux|Limited cryptocurrency options
StocksCM (stockscm.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Clean UI|Smooth onboarding|Transparent fees
Cons: Slow to add new assets|Spreads widen during volatile periods
My withdrawal from StocksCM (stockscm.com) 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. since I retired last year of being strung along.
Pros: Instant funding|Multiple order types|Responsive team
Cons: Help articles are sometimes vague
StocksCM (stockscm.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Excellent charting|Detailed reporting|Automated trading options
Cons: Limited social trading features
The mobile app from StocksCM (stockscm.com) 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: Segregated accounts|Instant funding|Detailed reporting
Cons: Wait times can be long during peak hours
Opened my account with StocksCM (stockscm.com) after a friend recommended them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Quick verification|Two-factor authentication|Detailed reporting
Cons: Search feature is basic
The so-called education at StocksCM (stockscm.com) 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 five months thinking they would help me learn.
Pros: Detailed reporting|Professional team|Instant funding
Cons: Account statements could be more detailed|Desktop app not available on Linux