Stock Base Broker Review
Stock Base is a young player in the brokerage services market founded in late 2022 and based in the Bahamas. However, before deciding to cooperate with this broker, it is worth paying attention to several key aspects
- Broker status: Unregulated
- Regulated by: Fake Regulations
- Websites: https://stockbase.finance/
- Headquarters Country: Bahamas
- Minimum Deposit: $250
- Cryptocurrencies: Yes
- Types of Assets: Cryptocurrencies, Stocks, Stock indices
- Maximum Leverage: –
- Free Demo Account: No
- Accepts US clients: Yes
Trading Assets
The broker offers traders more than 300 trading positions, which include for the most part Trading Pairs and Forex.
The spread is 0.2 pips. In general, the broker gives little information about its trading opportunities. We did not find any information about the trading process on the rest of the website. This seems to be quite a suspicious factor, as the broker hides the details from us, forcing us to go through registration and make a deposit.
Regulators and Broker Licenses
When choosing a broker, it is important that it cooperates with a regulator that will ensure the safety of your finances in case of problems with the company.
In this case, we have serious doubts about Stock Base as the regulatory information raises serious questions. Securities Commission of the Bahamas, the regulator this broker is affiliated with, is offshore. This could result in users being disadvantaged, deprived of proper protection and guarantees in case of conflicts or disputes.
Reliability and transparency of regulation are among the main criteria to consider when choosing a broker. Lack of regulation or being located in an offshore zone can be a significant factor that compromises the safety of your funds and investments.
We checked the broker’s registration number and found out that it is not owned by Stock Base. The number 199667 B is already registered to ActivTrades CORP. As a result, Stock Base does not even have an offshore license, which makes their activities even more illegal.
In addition, it is worth paying attention to the fact that the company is quite young, the site is only 7 months old. We do not recommend to cooperate with such brokers, especially considering the little information about Stock Base.
Types of Accounts
The broker offers 3 types of accounts. The minimum deposit starts from $250 and goes up to $1000 in Raw Spreads Account. To open an account you will need to make a deposit and verify your identity.
Fixed Spreads
- 1.8 pips
- No commission
- Min. Deposit: $250
- Expert Advisor available: None
- Min. Transaction volume: 0.01
- Islamic Account: Yes
Variable Spreads
- 1.5 pips
- No commission
- Min. Deposit: $500
- Expert Advisor available: Yes
- Min. Transaction volume: 0.01
- Islamic Account: Yes
Raw Spreads
- 0.1 pips
- + $4 per round
- Min. Deposit: $1000
- Expert Advisor available: None
- Min. Transaction volume: 0.01
- Islamic Account: Yes
Unfinished Interface and Site Design
We noticed that the design and interface of the site is partially borrowed from the largest trading company – Binance.
In general, brokers’ website designs are often similar, but Stock Base literally steals basic elements from Binance. This approach is unprofessional and seems to us unworthy of a reliable broker.
We also noted the general “rawness” of the site. Some links on the site are not clickable, pages with legal information have a lot of empty space, poor translation into other languages and in general the site looks cheap and unfinished.
The site doesn’t even have filled in the SEO titles and the main page is simply called HOME.
Should you partner with a broker who can’t even handle their website? In the end it’s up to you to decide.
Conclusion and Stock Base Review
In conclusion, it should be noted that the safety of your finances should be a priority when choosing a broker. Stock Base, due to its young age and associated regulation, may not offer sufficient guarantees to protect the interests of its clients. We have noted the following negative points:
- Fake Offshore Regulator.
- Small amount of financial information on the website
- Broker’s experience of less than a year (7 Months)
- Only 3 types of accounts
- Not diverse trading instruments
- The site works poorly and the interface is copied from another broker
We do not recommend cooperating with Stock Base. Most likely this broker is a SCAM. There is a high probability to lose all your funds immediately after deposit. We advise you to consider other brokers and avoid suspicious companies.
