SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:STX, also called STX Group B.V., is an online forex broker that currently catches our attention. It was registered in the Netherlands and has experience of more than 2 years. However, can this broker be reliable?

About STX
STX, also called STX Group B.V., is an online forex broker that currently catches our attention. It was registered in the Netherlands and has experience of more than 2 years. STX has three offices. Its headquarter is located at Vijzelstraat 79 1017 HG Amsterdam Netherlands. STX also has two branches, the addresses are the Kungsportsavenyn 21 411 36 Gothenburg, Sweden and 1411 Broadway Floor 17, New York, NY 10018, United States.

Unavailable website
For some unknown reason, we cannot open the STX website. It is risky to invest money in a broker whose website cannot be opened as we dont know enough information about this broker,
Trading Platform
As we know so far, this broker does not use either MT4 or MT5 trading platforms as its main trading platform. it is another shortage that STX has.

Regulation: Is STX legit?
No, this broker is not legit. A legitimate broker needs to be regulated by certain or multiple regulatory institutions. STX is not regulated and does not hold a legitimate license. According to WikiFX, This broker has been given a very low rating of 1.41/10. An unregulated broker with such a low score is more likely to take clients money away fraudulently.
Conclusion
STX is a broker with a low score. WikiFX doesnt advise you to invest in this broker. As this broker may not have enough credit to secure your funds. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.

A WikiFX review of Zeven Global reveals the absence of regulatory licensing, a low safety rating, and potential risks to investor protection.

As the new year begins, WikiFX extends our sincere gratitude to traders worldwide, our industry partners, and all users who have consistently supported us.

Dear Forex Traders, When choosing a forex broker, have you ever faced these dilemmas? Dozens of broker advertisements, but unsure which one is truly reliable? Online reviews are either promotional content or outdated/incomplete? Want to learn about real users’ deposit/withdrawal experiences but can’t find firsthand accounts? Now, your experience can help thousands of traders and earn you generous rewards! The campaign is long-term and you can join anytime.