Is St Clair Capital Group Scam or Legit Broker?

It is not safe to trade with St Clair Capital Group. The broker is suspected to be a scam. Being located in Japan the financial investment firm should be authorized by the local regulator JFSA (Japan Financial Service Agency) in order to be a legal entity. As this is not the case for St Clair Capital Group we recommend avoiding its offering, as simply there is no supervision under the company that can confirm numerous attractive states of the offering.  

About St Clair Capital Group
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is St Clair Capital Group safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is St Clair Capital Group?

St Clair Capital Group is a trading name of the firm that claims its address in Japan and is concerned about its trustable trading environment through a world-class leader in portfolio management, stockbroking, and wealth.

  • However, being located in Japan, the broker does not hold a license from the local authority. Besides, why would a serious company put their clients at the highest risk and not include protective tools in their proposal with the first step, which is obtaining an official license?
  • In addition, the St Clair Capital Group broker’s offering and targets of the residents was detected also beyond its original location, by the European authorities that are constantly checking on the available offerings and secure clients from potential frauds. Therefore, the St Clair Capital Group was listed in an alert list by the Netherlands and followed by numerous regulators around.

“The AFM warns consumers not to accept offers from St Clair Capital Group. This company is probably a boiler room.”

AFM, Netherlands. April 2018.

 

ST. Clair Capital Group

Overall St Clair Capital Group Ranking 

Because of the regulation and safety issues we revealed during our research of St Clair Capital Group, we do not rank positively St Clair Capital Group, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • St Clair Capital Group Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

RankingSt Clair Capital GroupAdmiral MarketsFP Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading EnvironmentTrading Instruments

St Clair Capital Group Alternative Brokers

We revealed that St Clair Capital Group has a lot of issues, mainly in respect of its safety and registration. Thus, here are much better Alternatives to St Clair Capital Group with tight regulations and great trading conditions. We select Good Brokers and reliable options for your comparison below: 

  • HFM – Good for Currency trading
  • FP Markets – Good for CopyTrading
  • XM – Good for Beginners

Deposit & Withdrawal

There is not much information about deposits and withdrawals on the broker's website. Instead, there are a lot of reviews from traders that have invested with St Clair Capital Group.

  • The majority of investors claim that it is impossible to withdraw funds from the broker. In fact, the broker is a complete scam, and it is interested only in getting to the client's funds. 

St Clair Capital Group Review Conclusion

Well-respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers. We recommend choosing among the brokers regulated by the mentioned authorities. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.

  • Overall ranking and experience for St Clair Capital Group is Negative

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