ST Market Scam Warning: PAMM Accounts, Not Licensed in Türkiye

ST Market is a CFD broker at stmarket.com that offers PAMM managed accounts, social trading and a live chat room alongside MetaTrader 5 accounts. A model in which someone else trades the account means the user hands control over their own money to third parties.

🔍 The Companies Behind ST Market

The site names STMarket Company Limited, established in Phnom Penh, as the operator and declares a derivatives permit from the capital markets regulator of Cambodia. It also mentions ST Market UK Limited, registered on Wenlock Road in London, an address known as a virtual office; this British company registration is not a brokerage licence. Despite the similar name, IST MarketsTR is a different scheme.

🚩 Why Are PAMM and Social Trading Risky?

In schemes of this kind, the “successful trader” showcase leads the user to transfer money to a managed account; when a loss occurs, responsibility is passed to the manager, and the manager passes it to the market. The copy trading and social trading schemeTR therefore needs careful assessment. Taking payments through the banking system with a deceptive promise may be treated as qualified fraud under Article 158/1-f of the Turkish Penal Code.

🔗 Platforms Where the Managed-Account Scheme Is Seen

We have previously reviewed schemes that collect money with a PAMM or copy trading promise.

🧭 The Legal Process

The accounts to which the money was transferred are followed through an asset investigationTR; for amounts that left the country, the routes for a refund are assessed. For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions