Is Stern Markets Scam or Legit Broker?

Stern Markets is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes. This results in a very high-risk trading opportunity, despite its alluring proposal.

  • Stern Markets is a Forex and CFD broker owned and operated by GUM Ltd., based in the Marshall Islands. This company is also provides payment clearing and billing services for Stern Markets.

About Stern Markets
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is Stern Markets safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

 

What is Stern Markets?

Stern Markets positions itself as a good broker with favorable conditions. The broker is also known as Stern Options. However, the broker does not hold any serious regulations, which means that it is not safe to sign in with the broker and make investments. It is not a secret that in Forex trading money safety is essential.

  • On its website, the broker provides British, German, and Austrian phone numbers, which means the broker has been targeting EU residents without being authorized in those countries.
  • Yet, the head office of the company is in Bulgaria. Moreover, the German Federal Financial Supervisory Authority has issued a warning against Stern Markets and GUM Ltd.

Stern Markets Review Conclusion

It is safer to trade with brokers regulated by UK’s FCA or Australia’s ASIC (Read about ASIC-regulated Global Prime) instead. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from client deposits. Check the list of FCA-regulated brokers here. We strongly recommend trusting your investments only with trustworthy brokers, such as HotForex, and BlackBull Markets.


Stern Markets Update

We found that the Stern Markets website is inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.

No news available.

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