Stocks24 Review

About Stocks24

Stocks24 is presented as a broker operated by Perfect Trade Limited, registered in Vanuatu. It offers CFD trading across forex pairs, commodities, indices, equities, and cryptocurrencies via the MetaTrader 4 platform (Web, Mobile, Tablet), with account types labeled Micro, Classic, Premium, and VIP. The maximum leverage is 1:200, while spreads include approximately 3 pips on EURUSD, GBPUSD, and USDJPY and around 4 pips on EURGBP and EURJPY. Funding and withdrawal methods reportedly include Bitcoin, wire transfers, credit/debit cards, and CorvusPay. The broker’s stated address in Vanuatu is Pot 615/304, Rock Terrace Building, Kumul Highway, Port Villa. 

There is no verifiable evidence of regulation by any reputable financial authority. The claimed license from the Vanuatu Financial Services Commission (VFSC) has not been confirmed via the regulator's official register. Regulatory watchdog BrokersView has labeled Stocks24 as unregulated, identified it as a scam, and noted that its website became inaccessible. The Financial Commission placed Stocks24 on its Warning List on December 17, 2021. The VFSC’s effectiveness in protecting clients is limited due to minimal capital requirements and lack of investor protection frameworks.   

Pros and cons

Pros

• Offers MetaTrader 4 platform across web, mobile, and tablet interfaces.
• Provides a variety of instruments including forex, commodities, indices, equities, and cryptocurrencies.

Cons

• No substantiated regulation; license claims unverified via VFSC register.
• Identified as unregulated and labeled a scam by BrokersView; placed on Financial Commission’s Warning List.
• Website accessibility issues, raising concerns about operational stability.
• High spreads and maximal leverage increase trading risk.