AllStocknow Review: Insights into the Alleged Scam
AllStocknow is an international brokerage firm claiming to offer forex and CFD trading opportunities. While it is registered in the United Kingdom, its physical operations are based in the Czech Republic. Despite its global presence, the platform has raised significant concerns among investors due to its lack of regulation and alarming user experiences. This AllStocknow review examines its credibility and reliability.
Website: https://allstocknow.com/
Website Availability: No
Domain Age:
- Name ALLSTOCKNOW.COM
- Registry Domain ID 2860322516_DOMAIN_COM-VRSN
- Registered On 2024-03-02T19:24:28Z
- Expires On 2025-03-02T19:24:28Z
- Updated On 2024-03-02T21:46:13Z
Overview
AllStocknow advertises itself as a comprehensive platform for trading forex and CFDs. However, the brokerage lacks regulation from recognized financial authorities, which is a major red flag. Additionally, its official website is currently non-functional, further diminishing its credibility. Numerous investor reviews reveal a pattern of unethical practices, including difficulty withdrawing funds and aggressive pressure to deposit more money.
Many users have shared troubling experiences, such as an individual who claimed to have lost 30,000 Canadian dollars. Other reports describe difficulties in withdrawing funds, accounts being deleted, and blocked communication channels. The platform’s aggressive pressure to deposit more money further adds to suspicions.
Is AllStocknow Legit or a Scam?
The legitimacy of AllStocknow has been widely questioned. Multiple reviews on platforms like Trustpilot highlight harrowing experiences. Investors have reported losing substantial amounts, such as one user who claimed to have lost CAD 30,000, while another shared their struggle to withdraw USD 85,000. These reviews consistently describe tactics like fabricated excuses for withholding funds, inflated withdrawal fees, and blocked communications.
Furthermore, AllStocknow’s approach of creating fake wallets and threatening the liquidation of accounts adds to its dubious nature. Regulatory bodies, including the Manitoba Securities Commission (MSC) and the British Columbia Securities Commission (BCSC), have issued warnings against this platform, labeling it unsafe for investors.
In conclusion, AllStocknow appears to exhibit traits commonly associated with unregulated and unreliable brokers. Its non-operational website, lack of transparency, and investor complaints reinforce the need for caution. If you encounter AllStocknow, exercise extreme vigilance and avoid engaging with the platform. Always prioritize regulated and trustworthy financial services to safeguard your investments.
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