Welcome to our Stockflox review, in which we investigate the website at Stockflox.com.
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Stockflox.com was registered on September 16, 2023, for one year through Hosting Concepts B.V. d/b/a Registrar.eu. Cloudflare protects it.
It has 8 backlinks from 5 referring domains.
Stockflox.com Review
Based on the Stockflox website, the platform positions itself as an online trading interface, offering access to a wide range of assets, including currencies, commodities, stocks, and cryptocurrencies. The website outlines features such as flexible trading options, comprehensive educational resources, diverse trading instruments, experienced traders to assist clients, easy deposits and withdrawals, high customer loyalty programs, social trading capabilities, indicators and signals for advanced trading, and progressive partnership opportunities. It also details various trading plans with different levels of returns and security features, alongside achievements and rewards for trading activities.
Contact and company regulatory information is presented to build credibility and trust. Stockflox LLC claims to be registered with the Florida Department of State (FDOS) under registration number #L18000058954 and regulated by the Federal Trade Commission (FTC). It provides a US telephone number (+1(904)epicfxpro) and an email address for technical support (support@stockflox.com). The website mentions using a range of payment methods for deposits and withdrawals, emphasizing its compliance with AML and KYC policies. The privacy policy suggests a commitment to protecting client information and using data encryption standards recommended by the Payment Card Industry Security Standards Council (PCI DSS).
Red Flags
Despite these assertions, several red flags suggest the possibility of Stockflox being a scam:
- Vague Regulatory Claims: While claiming to be regulated by the FTC, Stockflox does not provide specific details that would typically be associated with a regulated financial entity, such as a specific license number for financial services. The FTC is not a regulatory body for financial trading platforms, which raises questions about the accuracy and authenticity of their regulatory claims.
- Generic Contact Information: The provided phone number lacks specificity and could be considered generic. There’s also a discrepancy in email addresses provided for contact, with one section of the website mentioning support@Genesiscryptollc.com, which is inconsistent with the main support email. This inconsistency can be confusing and may indicate a lack of professionalism or an attempt to obfuscate true contact details.
- Payment and Withdrawal Policies: The website lists an extensive array of payment methods but also disclaims any responsibility for the actions of third-party service providers. This broad disclaimer could leave clients without recourse in the event of disputes or issues with deposits and withdrawals.
- Social Media Links Not Working: Mention of social media accounts without direct links to specific pages or noting that icons lead to general platforms rather than the company’s profiles could indicate a lack of actual social media presence. This is often a tactic used by fraudulent sites to appear more legitimate without providing real content or engagement.
- Broken Links and Missing Content: The website’s references to regulations, licenses, and other critical information that cannot be verified due to broken links or missing pages are concerning. Legitimate companies typically ensure that all aspects of their site, especially those regarding regulatory compliance and licensing, are accessible and transparent.
- Over-promised Returns and Bonuses: The investment plans offer unusually high returns with bonus structures that seem too good to be true, often a hallmark of scam operations that aim to entice investors with the promise of high profits with little to no risk.
- Pressure Tactics: The emphasis on quick sign-ups and immediate trading could be seen as a pressure tactic, often used by scams to rush individuals into making decisions without due diligence.
The combination of these factors—particularly the questionable regulatory status, inconsistent contact information, and the too-good-to-be-true offers—strongly suggests that potential investors proceed with extreme caution.
Stockflox Reviews
On October 31, 2023, the following complaint was filed with the BBB (Better Business Bureau) regarding a cryptocurrency investment scam by a person who reported being scammed for $11,000:
I suspect that a company, purportedly based in New Zealand, is orchestrating a scam related to Bitcoin mining. I was instructed to use my CashApp account to purchase a specific amount of Bitcoin, with the promise of generating a substantial profit. For this purpose, I was provided with a mining ID number to transfer funds from CashApp to stockflox.com. Upon visiting the StockFlox website, I could observe an increase in my investment displayed on the Dashboard, coinciding with transactions made at 2 PM and then at 6 PM. I was supposed to withdraw my balance from the dashboard by linking my bank account for the deposit.
For my first withdrawal attempt, I was required to pay a $2,500 upfront fee, allegedly for IRS tax approval. Subsequently, I needed to upgrade my account to one of the following tiers: Silver, Gold, Diamond, or Ruby, to enable the trading account manager, Cherice Mulligan, to initiate the deposit into my trading account using my mining ID. I opted for the Silver upgrade at a cost of $3,000 due to high activity in my account. However, the account manager never released my profits.
I later discovered that there were three additional fees before my profits could be released: a commission, a Broker Access Fee, and a Cost of Transfer (COT) fee amounting to another $2,500 payable to the company’s trading wallet, which my account manager was supposed to provide. In total, I have already spent over $10,000 in an attempt to retrieve my profits, which I now believe will never be released.
Despite paying the initial portion of the final fee, I ceased further payments, doubting the company’s intention to release any profits after my struggles to pay the fees. I am utterly frustrated and request an investigation into CashApp, StockFlox.com, and Cherice Mulligan. There are clear indications of misconduct. Although I proposed to offset the fees with my profits, this solution was not accepted. My trust in the legitimacy of this operation was misplaced, and I seek to recover my money or profits, whichever is feasible. I have documentation of all transactions made.
The complainer provided the following information about the scammer:
- Email: zugmnbhstp6m9ju4qvoghbru8f7tkqvs-e4c6291657a42c1@tidioreply.com
- Phone: +1 (404) 232-0596
- Website: Stockflox.com
L18000058954
The investigation into Stockflox and its claims, particularly the repeated use of the registration number L18000058954, reveals a pattern that is highly indicative of fraudulent operations. This registration number, purportedly associated with a legitimate entity registered in Florida, is also linked to multiple other websites, each presenting itself as a unique trading platform or financial service provider. The fact that this same registration number appears across various unrelated websites is a significant red flag, suggesting that these platforms are not legitimate independent entities but are possibly interconnected fronts for scam operations.
Domains mentioning the registration number L18000058954 include:
- Cartafx.com
- Binallax.com
- E-coinagency.com
- Securedtopmarket.com
- Genesismetatrader.com
- Orbextrades.com
- Triocapfx.com
- Optimumavails.pro
- Britlefx.com
- Octa5starfxprotrading.com
- Globaltradecryptollc.com
These domains are associated with companies claiming to be registered under the same Florida Department of State registration number, suggesting a pattern of potentially misleading or fraudulent use of registration details.
The mere repetition of a registration number across different websites is not typical for genuine businesses. In the realm of corporate registration and regulatory compliance, each entity is assigned a unique number that serves as its identifier in legal and financial transactions. The use of one registration number by multiple entities, especially when these entities claim to offer similar online trading or cryptocurrency services, undermines the credibility of these claims and suggests a deliberate attempt to deceive potential customers.
Moreover, the registration status of the company associated with L18000058954, listed as “Inactive” due to “Voluntary Dissolution,” further complicates the legitimacy of any operation claiming active and regulated business under this number. An inactive or dissolved company cannot legally offer or operate financial trading services, much less in a regulated capacity. This discrepancy points to a likely misuse of corporate identities to foster a semblance of legitimacy and regulatory compliance where none exists.
Conclusion
The critical examination of Stockflox, coupled with the problematic use of a shared registration number, paints a picture of a probable scam. Legitimate financial services companies are characterized by transparent, verifiable regulatory and registration information unique to each entity and reflective of their active status in their jurisdiction of operation. The pattern identified here, however, aligns more closely with tactics employed by fraudulent schemes designed to lure unsuspecting individuals into making financial commitments under false pretenses.
While the allure of profitable online trading platforms can be strong, the evidence suggests that Stockflox, along with the other websites sharing the registration number L18000058954, should be approached with extreme caution. Potential investors are strongly advised to conduct thorough due diligence, seek out independently verified reviews, and consider engaging with platforms that have a clear, unambiguous regulatory standing and a transparent operational history. In the digital age, where scams are increasingly sophisticated, vigilance and skepticism are valuable defenses against potential financial fraud.
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