A few weeks ago, we received whistleblower information that Straightpoint Trading Limited d/b/a StocksTech (www.stockstech.com) is registered in Cyprus. It offers an online trading solution, including CRM, to brokers. The mastermind of StocksTech allegedly is the Bulgarian forex veteran Stefan Sotirov. The scheme’s LinkedIn page lists an address in Sofia, Bulgaria. A UK lawyer informed us that Stockstech Limited would be the real operator of this unauthorized broker.
Known data
| Trading name | StocksTech |
| Activities | White-label broker platform operator |
| Domain | https://www.stockstech.com |
| Social media | LinkedIn, Facebook, Instagram, Twitter |
| Legal entity | Straightpoint Trading Limited Stockstech Limited |
| Related individuals | Stefan Sotirov (LinkedIn), CEO and co-founder Alexandros Kritiotis (LinkedIn), CEO Christos Metaxas (LinkedIn), CFO |
| Jurisdictions | Cyprus, Bulgaria |
| Authorization | no |
The narrative
Before he founded StocksTech, Stefan Sotirov worked as CEO of V1 Global Service (www.v1globalservice.com), a Bulgarian affiliate network operator, and as COO for regulated broker Trading 212 (www.trading212.com).
StocksTech is a Bulgarian white-label platform operated via a Cyprus entity. It offers through its website to potential white-label clients the establishment of appropriate retail broker solutions in the field of crypto, forex, stocks, and commodities. Of course, some of these white-label brokers may then act as unregulated brokers and scams. We have seen this with the Israeli PandaTS, Leverate, Tradologic, and other white-label platforms. The company portrays itself as a well-funded FinTech community.
StocksTech is a new kid on the block, it seems. Its Facebook page was launched in Oct 2021, and since then, most postings have been announcing new team members.
Share information
If you have any information about Straightpoint Trading Ltd d/b/a StocksTech, please share it via our whistleblower system, Whistle42.
