About STX Brokerz
Who is STX Brokerz?
STX Brokerz is a retail forex and CFD brokerage that was founded on 28 February 2023 and is registered in the United Kingdom. The firm lists its registered address at 24th Floor, 20 Fenchurch St, London EC3M 3BY.
According to the records on file, STX Brokerz is not regulated by any financial authority. The absence of regulatory oversight is a significant concern, as it means the broker is not required to adhere to the client protection standards, capital adequacy requirements, or dispute resolution mechanisms that regulated brokers must follow.
Account Types and Minimum Deposits
STX Brokerz offers a tiered account structure with seven account types: MICRO, BASIC, CLASSIC, SILVER, GOLD, PLATINUM, and VIP. The minimum deposit ranges from $200 for the MICRO account up to $50,000 for the VIP account.
The maximum leverage offered is extremely high, reaching up to 1:1000 on the VIP, PLATINUM, and GOLD accounts. Lower-tier accounts have more moderate leverage, such as 1:300 on the MICRO account. Such high leverage can amplify both gains and losses, and is often associated with higher risk.
Trading Instruments and Platform
Our known facts do not include a list of trading instruments or the trading platform offered by STX Brokerz. Without this information, it is unclear which asset classes are available for trading, such as forex pairs, indices, commodities, or cryptocurrencies.
Similarly, no details about the trading platform (e.g., MetaTrader 4, MetaTrader 5, cTrader, or a proprietary platform) have been disclosed. Traders should verify platform availability and instrument range before committing funds.
Regulatory Status
STX Brokerz has no regulators on file. This means the broker does not hold a licence from any recognized financial watchdog, such as the UK's Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC).
Operating without regulation poses risks for clients, including a lack of investor compensation schemes, no requirement for segregated client accounts, and no independent oversight of business practices. Traders should exercise extreme caution.
Deposits and Withdrawals
Our records do not contain information on the funding methods or withdrawal processes offered by STX Brokerz. Typically, brokers offer bank transfers, credit/debit cards, and e-wallets, but this has not been confirmed.
Given the lack of regulatory oversight, it is advisable to clarify withdrawal procedures and any associated fees before depositing funds.
FXCanary's Assessment
STX Brokerz presents itself as a forex and CFD broker with a high-leverage account structure targeting traders with various capital levels. However, the lack of regulation is a major red flag. The broker has been assigned a FXCanary Scam Risk Score of 49 out of 100, indicating a guarded risk level.
Traders should be aware that unregulated brokers offer limited recourse in the event of disputes or financial loss. It is strongly recommended to seek fully regulated alternatives.
Overview compiled by FXCanary from regulatory records and public data. full STX Brokerz review