Reading Time: 4 minutes Scam Broker Reviews

Seastock24 Review 2023 – Risks Of Trading With

Seastock24 Review

If you’re wondering what kind of a broker Seastock24 is, we can tell you immediately. Anonymous, probably offshore, and unreliable. But let’s not leave it at that.

Our in-depth Seastock24 review will elaborate on all the issues customers experience with this fraudulent company and how to avoid them.

Before moving on with a deeper explanation, we just want to say that Market Giants, Honest Capital and BE22 are fraudulent brokerage companies.

Broker Status:Offshore Scam Broker
Broker Regulation:Unlicensed Forex Provider / No Regulation
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:N/A
Headquarters Country:N/A
Foundation Year:2022
Trading Platforms:WebTrader
Mobile Trading:Available only from the web browser
Minimum Deposit:250 USD
Deposit Bonus:Available
Crypto Trading:Available – BTC, XRP, BCH
CFD Trading:Yes, you can trade CFDs
Trading Instruments:Forex / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)
Maximum Leverage:1:50
Islamic Account:Not Available
Demo Account:No, only live trading accounts
Accepts US Clients:US traders are not accepted
Global Fraud Protection Team:Don’t Invest in This Scam Broker!

Is Seastock24 a Scam Broker Without Regulation?

Seastock24 is an anonymous brand claiming to be “owned and operated under SeaStock24 within the European Economic Area.” For this to be true, Seastock24 regulation would have to be with one of the EEA zone authorities, such as BaFin, CONSOB, or CNMV. Upon thorough checking, we found nothing.

Additionally, as an EEA zone broker, the firm would need to comply with ESMA regarding leverage cap. Offering 1:50 is against the law, as the MiFID directive only allows 1:30 for FX pairs and even lower for other assets.

Now that we’ve elaborated on who the broker is, it’s clear that your funds are not safe. Feel free to notify our team if you have any information regarding Seastock24 and its business.

Seastock24 is an unregulated anonymous trading company. The firm provided obscure legal documents without any valid information. Negative reviews indicate low trust and issues with payouts.

Where Is Seastock24 Trading Scam Active?

Based on our research and the many complaints we’ve received, the Seastock24 trading scam has mainly been active in:

  • Germany
  • Canada
  • Sweden
  • Norway

According to the GoDaddy WHOIS database, the web page has been on since the 23rd of June, 2022.

Since there are no regulatory warnings at the moment, your report can help us pressure the authorities and ban this trading fraud. Don’t hesitate to file a complaint.

What Trading Platforms Are Available? – Trading Software

Seastock24 Trading Platform Interface

We tried to review the Seastock24 trading platform but had no luck. In order to access their software, you need to have your account approved by the broker employees. By the time we finished our review, we were still pending approval.

The company claims to offer WebTrader and mobile and desktop apps. However, once we tried downloading the mobile app, we only downloaded BlueStack, a mobile simulator. There was no mobile app whatsoever.

Hence, it’s unclear whether Seastock24 offers any platform, but what’s for sure, you won’t gain access to any third-party software, such as MT4, MT5, or cTrader.

These are far more reliable platforms with millions of users. Instead, you can hope for a browser-based solution if your account is ever approved.

What Trading Assets Does the Broker Offer?

The company says it offers a standard range of trading assets, those being:

  • Forex Market (Currency pairs) – EUR/USD, GBP/NOK, AUD/SEK
  • Commodities – gold, natural gas, palladium
  • Indices – IBEX35, NIKKEI225, BE20
  • Shares – Amazon, Alibaba, Intel
  • Cryptocurrencies – BTC, BCH, USDT

Without platform access, we cannot confirm or deny this. Additionally, no fees are disclosed and we cannot access the software to check the offer.

All in all, you have many reasons to avoid the Seastock24 scam.

Trading Accounts Review – What’s the Difference?

Seastock24 Trading Accounts

If you’re still interested, you can choose one of the five Seastock24 trading account types:

  1. Beginner Trading AccountMinimum deposit $5,000
  2. Trader – $10,000
  3. Expert – $25,000
  4. VIP – $50,000
  5. Exclusive – $100,000

The leverage ranges from 1:10 to 1:50, while you can get trading signals from the Expert account. All other benefits remain the same.

According to the Deposit section, the minimum sum to invest is $250 via credit card or $10,000 via wire transfer.

We already invite you to read our broker reviews for Ardu Prime, TheBCR, and CapitalPanda.

Seastock24 Demo Account – Can I Trade For Free?

We were unable to get access to the trading software. Since the account needs approval, and for that, you need to receive a call from the broker employee, we believe you’ll be pressured to deposit immediately.

Therefore, the Seastock24 Demo account is not available. Instead, you’ll have to bear all the risks of investing in an unregulated financial scam.

Seastock24 Verification Issues

According to reviews, Seastock24 manipulates market prices and doesn’t approve withdrawal requests. However, they do make it challenging for customers to even ask for a payout.

AML policies demand that all financial transfers be followed by identity verification. Regardless of the sum, and especially if this amount is larger, you need to provide proof of identity. Scam brokers, including here Seastock24, often disregard this rule in their rush to take clients’ money.

However, once investors ask for a payout, they will be prompted to submit all kinds of documents, including proof of identity, address, income, and more. And no matter how many times you send a photo, it will never be good enough. They may drag you on and on for weeks or even months before you realize that you need legal assistance to get your money back.

Often, scammers will disappear for a few weeks, ignoring all your communication attempts, only to come back and request another fictitious document.

If you notice any delays in your withdrawals, let us know. Don’t let scammers keep you waiting while the chargeback deadline passes.

I Lost Money With the Seastock24 Scam, What to Do?

If you’ve invested your money with Seastock24 and cannot get a withdrawal, it’s time to take the first step toward recovery. Contact Global Fraud Protection and book your free consultation today!

The chargeback procedure can be done within up to 540 days from the initial deposit. Don’t let the scammer steal your time! Fight back and do it before it’s too late.

All In All, Don’t Let the Scammers Get Away for Free!

FAQ Section:

Is Seastock24 a Legit Broker, and Should I Invest In It?

Seastock24 is an unregulated financial fraud. If you invested your money and cannot get it back, we invite you to contact us for assistance with the refund.

What Is the Seastock24 Minimum Deposit?

Seastock24 requires a minimum deposit of $250 via credit card and $10,000 via wire transfer.

Are My Funds Safe With Seastock24?

Since the firm is not licensed and falsely claims it’s authorized in the EEA zone, your funds are not safe with Seastock24.