Dealing in Strategic Metal
We have a French broker to review. What makes today’s review most interesting is Sti-Metal is very specific about what it offers. The company solely deals in the strategic matter, and this piqued our interest in the first place.
Sti-Metal is a French-based broker. It mainly deals in strategic metal. The company was founded in 2009. The founding members are two friends from aerospace engineering. Sti-Metal mainly focuses on rare earth metals.
The application of these metals rapidly increases, and this is making the market broader. As of 2017, The company has nearly 30 employees with a turnover of 11 million euros.
What Does it offer?
The company has years of experience of selling and buying metals. STI stands for Strategic Technology Investment. The company particularly deals in the following metals
The company is very specific about its products and clients. We commend that, but we believe it’s giving up serious business.
- Blacklisted by AMF
AMF, the French financial authority is one of the most respected regulates around the globe. Recently, the company released a report containing a list of unauthorised websites offering investment programs. Sti-metal has made into the list, see below:
This is a major blow because we didn’t expect this company to be a fraud.
- Lack of Community
We had the audacity of researching the web after finding out AMF blacklisted it. We are once again surprised that it has no online community. Yes, there is no mention of Sti-metal in forums and social media website. If nothing else, there should be negative reviews. Its unnerving considering the company is in business for the past ten years.
- Very Specific Market
This is not necessarily a flaw, but we do believe this approach is costing the company big business. Sti-metal could do a lot more business if it focused on Gold and Silver as well. The metals it uses have specific users, mostly from industries, not general audiences. This would be the biggest money maker for the company.
Is Sti-Metal Legit or a Scam?
AMF said it all; we don’t believe we need to add anything more. The company has managed to make into the blacklist of AMF, so there is something very wrong with it. Well, we couldn’t recommend the company because its fraud and because it deals in a very specific product, that has almost no use to you!