Stam Capital Invest Scam Exposed (2024)
The German BaFin declared in April 2023 that it was looking into Shenanigans Consulting Ltd., a scammer. This offshore business, which is based in St. Vincent and the Grenadines, runs a number of broker frauds under different names, including Altima Trade, Red Finance, and Stam Capital Invest. The scam operator and its frauds have been cautioned against by the Romanian authority, ASF, recently. Keep your distance and safeguard your finances and personal data.
Brief Story
We alerted you in March 2022 about Shenanigans Consulting Ltd, a St. Vincent and the Grenadines-based company that was involved in the Altima Trade broker fraud. Following our analysis, the Spanish regulator CNMV issued a warning against AltimaTrade and its operator in April 2022.
Stam Capital Invest (As claimed)
The broker describes itself as a financial service provider involved in online trading on its website, https://stamcapitalinvest.ltd/. As a result, investors have the option to purchase stocks, indexes, commodities, and foreign exchange.
There are a lot of financial service providers out there right now, including Stam Capital Invest. This implies that it has never been easier or riskier to invest in the volatile financial markets than it is right now. Choosing a provider can be daunting and time-consuming due to the abundance of possibilities.
The following details apply to you as an investor in this situation.
- Online investments make it easier and more exciting for capital investors to access foreign stock exchanges.
- In online trading, there are numerous order kinds that can be utilised.
- A website such as this one is a good place for investors to look for information regarding share certificates, futures, binary options, and cryptocurrencies.
Risks associated with trading online with Stam Capital Invest or other providers?
Online trading is subject to various risks, much like the stock exchange and other financial markets. Consequently, you should consider the following factors while evaluating Stam Capital Invest as an investor:
- The risks associated with internet security
- Drawbacks that may be connected to the offer, such as potential losing trades
- Inadequate familiarity with the product
- Unreliable providers of services
When selecting a trading service, lower the risk by looking for a track record that has been established. It is also pertinent in this situation to ensure you receive dependable money management. This is the only way you can navigate the world of online trading with confidence. Adroit money managers can undoubtedly earn a living from this, and their profits may even exceed average.
At least if they have the best approach. One thing should be clear to anyone starting out in trading: The risk of losing more capital than was deposited into the bank account of the broker Stam Capital Invest exists all the time.
Altima Trade
Unregulated broker AltimaTrade is prohibited in many EU nations. It’s not worth commenting on as a result. Shenanigans Consulting LTD, which was formed in Saint Vincent and the Grenadines in 2021, is the owner of the AltimaTrade brand. This offshore island has become a well-known hotspot where dishonest brokers register their shell companies and conduct unsupervised business because it lacks a financial regulator. They should choose to obtain a licence in the nation of service, per the FSA directive. Nevertheless, upon reviewing the FCA, ASIC, BaFin, CONSOB, and other Tier1 registers, we discovered alerts rather than laws.
How Dangerous Is An Unregistered Broker?
Brokers without a licence are typically dishonest. Our reviews have demonstrated, without drawing any conclusions from them, that companies who choose not to be subject to regulatory oversight do so for valid reasons. Still, the goal is not to operate a legal business. Rather, these brokers are stealing from clients and disappearing when they have taken enough or when there are too many bad ratings, making it impossible for them to acquire new clients.
Wind-Up- Ponzi scheme: How do I protect myself from it?
One kind of capital fraud is a Ponzi scheme. In this, funds from new investors are combined and used to provide capital to those who were previously harmed. Ponzi scheme organisers typically guarantee that they will invest your assets and generate substantial profits without putting your money at danger. However, the criminals behind many Ponzi schemes don’t really invest the money they take in. Rather, it is used to reimburse those who made an early payment. The thieves are able to retain a portion of the money as a result.
Thus, be mindful of the risk-reward ratio while making any kind of investment, especially Stam Capital Invest. Ponzi schemes have little to no real revenue, thus they depend on a constant stream of fresh investments to stay afloat. Many of these structures fail when it becomes costly to attract fresh investors or when a considerable number of investors drop out. If you want to invest with a provider like Stam Capital Invest, you should always act with caution. Among the clues you should watch out for are:
- Excessively foreseeable results. Deposits typically rise and decline with time. Any value store that generates positive returns every time, independent of the state of the market, is highly dubious.
- Deposits not disclosed to supervisors on financial matters. Ponzi schemes are typically unregistered investments that are not within the jurisdiction of regulatory bodies like Bafin.
- Tactics that are really challenging to pinpoint. If you don’t know enough about the stock market, stay away from it with your money.
- Does the return payment process not function? You should exercise caution if you receive no payments at all or have trouble getting paid. Operators of Ponzi schemes may attempt to entice members to continue by guaranteeing even greater earnings.
- Selling without a permit: According to national and state securities rules, investment professionals and firms need to be licensed or registered. Most Ponzi schemes involve unauthorised individuals or businesses.
- Is the documentation flawed in any way? Your account statement may contain inaccuracies, which could be a sign that your assets are not being invested correctly.
- Earnings free from risk and with minimal to no fluctuation. There is risk associated with every investment, and the more the risk, the higher the likelihood of a high return.
