Stocksfxbrokers (stocksfxbrokers.live) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.stocksfxbrokers.live.
I referred a friend to Stocksfxbrokers (stocksfxbrokers.live) from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Market news feed|Multiple order types|Dedicated account manager
Cons: Could offer more webinars
I have been trying to close my account with Stocksfxbrokers (stocksfxbrokers.live) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Intuitive for beginners|Personal attention|Segregated accounts|No hidden fees
Cons: No phone support on weekends
The so-called education at Stocksfxbrokers (stocksfxbrokers.live) 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 close to eighteen months thinking they would help me learn.
Pros: Clean UI|Transparent fees|Portfolio tracking tools
Cons: Help articles are sometimes vague
After using Stocksfxbrokers (stocksfxbrokers.live) for over a year, 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: Helpful community forum|Comprehensive tools|Easy to use platform|Multiple order types
Cons: Email notifications too frequent
The hidden fees at Stocksfxbrokers (stocksfxbrokers.live) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Good mobile app|Educational resources
Cons: No integrated tax optimization|Currency conversion fee exists
Stocksfxbrokers (stocksfxbrokers.live) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Copy trading available|Fast support response|Easy withdrawals
Cons: Nothing significant