Brief Look at Social Trading Club
Prop firm Social Trading Club (STC), which previously offered traders funding of up to $600,000, has ceased operations. The company’s website is now inaccessible, and users report being unable to withdraw funds or reach customer support.
In July 2023, Social Trading Club announced the launch of a new platform, promoting access to trading capital and professional training. However, by 2024, complaints began to surface regarding payout delays and unresponsive support. Some investors reported losing access to substantial funds - up to $20,000 - with no available recourse.
An analysis of the Social Trading Club website prior to its shutdown revealed a low trust rating and identified potential security risks, including phishing and malware. As a result, the firm’s closure appears to be linked to financial instability or potentially fraudulent activity.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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