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STOFS.com Review Visit site

Updated: Sep 19, 2018
1 · 3 REVIEWS
Is this your company?
Other websites of this company include stofs.co.uk.

STOFS is a forex broker. STOFS offers the AFX Fast and MT4 forex trading top platforms. STOFS.com offers over 30 forex currency pairs, indices, commodities, cfds, equities, bonds, gold and silver for your personal investment and trading options.

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1 · 3 REVIEWS
Forex Peace Army
DO YOU RECOMMEND THIS COMPANY?

Let other traders know if this service is worth checking or should be avoided.

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Anthony,
ITALY, Italy,
Sep 18, 2018,
Guest

STAY AWAY

SCAM SCUM BROKER STAY AWAY IF YOU DONT WANNA LOOSE ALL YOUR MONEY. BAD INFORMATION, LYING SALES AND THEIVING OWNERS. I LOST 10,000 DONT DO IT.
K Phillips,
Franklin, New Zealand,
Aug 20, 2018,
Guest

Reversed Trades

Re: STO-AFX Markets UK
On the 23 May 2018 I placed trades selling the EURTRY this was to trade the macro-economic data release. The Turkish Lira spiked downwards 2000 pips for a successful trade.
AFX reversed the trades on one account the same day and a few days later reversed them on the second account. After sending two emails I finally received a response on the 1st August 2018 concerning my complaint, a deliberate delaying tactic.
It also took some weeks along with many requests to withdraw money from my accounts.
The STO UK pricing was very similar to other brokers and proves the pricing was valid.
Jaron,
Auckland, New Zealand,
Aug 19, 2018,
Guest

This broker cancelled profits and moved funds without consent

I am also placing this review on the AFXCapital.com page.

On 23 May 2018 I placed trades with several brokers selling the EURTRY currency pair. The trades were to take advantage of the Turkish Central Bank announcing the raising of its interest rates and as a consequence, impacted the Turkish Lira price. On learning of the raising of interest rates to 16.5%, I knew immediately that the price of the Turkish Lira would spike downward.

The market was falling on a 2,000 pip move and all brokers honoured my trades except STO (AFX Markets). STO executed the trades and even issued a confirming statement. 5-days later they refused the payout of my profits.

In order for the broker to remove my profits, they needed to move funds from another of my trading accounts. These funds were moved without consent. Following this unauthorized transfer, $3,910.21 of profits was then removed in a second transaction.

STO (AFX Markets) have refused to identify the individual trade ticket numbers of the executed trades together with their liquidity providers. They have confirmed in writing that they didn't "b-book" the trades, but also admit they didn't send them to their liquidity providers either.

I have provided evidence of the same trades being honoured by another broker but STO (AFX Markets) has refused to even acknowledge this. The broker’s terms and conditions allow them to adjust pricing - however they have taken advantage of this situation and have reversed the orders. The broker responded to my complaint exactly 8-weeks to the day - a delay tactic of theirs to deliberately prolong the complaint process and outcome.

I RECOMMEND TRADERS AVOID THIS BROKER AND THEIR DODGY BEHAVIOUR - I have now removed all other funds from this broker before they are stolen and am now proceeding to the Financial Ombudsman Service to resolve this matter.