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Contract reading

What Epic Pips legally published, but does not want you to read

Every clause below is published by Epic Pips itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on . We have read it 2 times.

Contracting entity: STB Provider LTD

disclosure failurehidden feesole discretionwithdrawalscounterpartydeemed acceptancedormancyprofit voidingaccount closurebonus lock

Epic Pips is not a broker site. Typing epicpips.com sends you to stbbrokers.com, and every address you ask for is thrown away and replaced with the STB Provider LTD homepage. The contract you would sign is a 49 page picture: STB publishes it as scanned images with no text inside, so you cannot search it, copy it, or have a screen reader read it. The Persian documents Iranian clients are pointed at are a revision behind the English ones, and the contract says English wins.

Back to Epic Pips

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
4
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
16
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
4
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
4

How the 16 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical4
Warning11
Notice1

section 76 of 78is where the deepest clause sits, 97% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical1In the contract. Jump to the clause this comes from.The Persian contract is a revision behind the English one that governsCritical49Time to complain. Jump to the clause this comes from.The binding contract is published as pictures, not text3 working daysWithdrawal limit. Jump to the clause this comes from.The withdrawal clock starts when STB accepts, not when you ask$82Fee you were not shown. Jump to the clause this comes from.Islamic account fee reaches $82 a night on gold

What the documents say

16 clauses worth knowing about, worst first, each quoted from Epic Pips's own files

01

STB Provider LTD replaced its whole English legal set in September and left the Persian set on its August files. The contract then says that where a document is translated, the English version wins. The text you can read is not the text that binds you.

Why this matters

If you read Persian, you are agreeing to a document you have never seen. Any difference between the two versions is resolved against you.

Exhibit 1CriticalRarely seen1New

در ﺻﻮ رت ﺗ ﺮﺟﻤﻪ ﻫﺮ ﮔﻮ ﻧ ﻪ ﺳﻨﺪ ، ﻧﺴﺨﻪ ا ﻧ ﮕ ﻠ ﯿﺴی ب ﺮ ﻧﺴﺨﻪ ﺗ ﺮﺟﻤﻪﺷﺪ ه ا و ﻟ ﻮ ﯾﺖ ﺧ ﻮ ا ﻫﺪ داﺷﺖ.
Clause 11.1.1 in Client Agreement, Persian version, p.24
Read from the broker's site on Open the reference
Our own capture of stbbrokers.com, taken on Sep 10, 2026The Persian contract is a revision behind the English one that governs (clause 11.1.1)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Where it sits: section 25 of 46 in the Client Agreement, Persian version, 54% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give a retail client the contract terms in good time, in a language the client understands and in a form they can keep. STB gives Persian readers an older revision and reserves the final say for a newer English one.

Epic Pips is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingAn English prevails clause is ordinary. Running the two language shelves on different revisions at once is not: the prevailing text and the readable text are known to differ, and only the broker knows how.

  • Worse together with Exhibit 2The version that wins is also the one published as unreadable images, so no client can check what changed.
02

STB publishes the English Client Agreement, the document it says prevails, as 49 pages of scanned images. There is no text inside the file. You cannot search it, select a clause, copy a sentence or have a screen reader read it aloud.

Why this matters

To check one clause before a withdrawal or a complaint, you must read 49 pages of pictures by eye. Every other document STB publishes is ordinary searchable text, so this is not a limit of its tools.

Exhibit 2CriticalRarely seen49New

Client Agreement The binding agreement between STB Provider LTD and the client covering all trading activities.
Quoted in Legal Documents page, Legal shelf, Client Agreement card
Read from the broker's site on Open the reference
Our own capture of stbbrokers.com, taken on Sep 10, 2026The binding contract is published as pictures, not textVisit this page on the broker's siteDownload the full size image file

What it costsWe opened the file from STB's own website and inflated all 209 internal streams. It returned 49 pages, 50 embedded images and zero characters of text.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA and CySEC must provide terms on a durable medium that lets a client store the information and reproduce it unchanged. A picture of a contract cannot be reproduced as text, and a blind client using a screen reader cannot read it at all.

Epic Pips is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingContracts are normally exported straight from a word processor, which leaves the text searchable. Flattening only the client agreement into images, while the risk disclosure and execution policy beside it stay as text, takes an extra step to produce a worse document.

03

STB promises negative balance protection on every page. The contract then lists withdrawing money from your trading account, where the withdrawal lowers your margin, as an attempt to abuse that protection. STB can respond by blocking your balance, charging a penalty and closing your account.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

The one step you take to protect yourself, moving cash out of a losing account, is written into the contract as misconduct. STB decides whether it was, and can freeze what is left while it decides.

Exhibit 3CriticalRarely seen

bﺮداﺷﺖ وﺟﻪ از ﺣﺴﺎب ﻣﻌﺎﻣﻼتی در ﺻﻮرﺗی ﮐﻪ ﻣﻮﺟﺐ ﮐﺎﻫﺶ ﻣﺎرﺟیﻦ ﻣﺸﺘﺮی ﺷﻮد.
Clause 15.D12.3 in Client Agreement, Persian version, p.40
Read from the broker's site on Open the reference
Our own capture of stbbrokers.com, taken on Sep 10, 2026The claim, on Persian homepage, Trusted and segregated funds panelVisit this page on the broker's siteDownload the full size image file
Our own capture of stbbrokers.com, taken on Sep 10, 2026What the contract says, clause 15.D12.3This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Buried at section 42 of 46 in the Client Agreement, Persian version, 91% of the way through.

Set against a regulated standard: ESMA (EU), FCA (UK), CySEC (Cyprus)

Under the ESMA measures adopted by the FCA and CySEC, negative balance protection for a retail CFD client is a per account guarantee the firm cannot withdraw, and taking money out of your own account is not a ground for removing it. This contract makes it removable.

Epic Pips is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingNegative balance protection is normally an unconditional promise to a retail client. Making it forfeitable, and listing an ordinary withdrawal among the acts that forfeit it, turns a protection into a condition on your own money.

  • Worse together with Exhibit 5STB controls when a withdrawal is accepted, then may treat the same withdrawal as abuse once made.
04

The contract says STB may charge for deposits, withdrawals, currency conversion and inactive accounts, then tells you to look the amounts up in the Charges section of the client panel. That panel sits behind a login you get only after you register.

Why this matters

You cannot find out what STB will charge you before you hand over money, because the amounts are in no document it publishes. The deposit page you were sent to lists none of these four charges and calls itself the complete list.

Exhibit 4CriticalHarder than usualNew

ﺷﺮ ﮐﺖ ﻣﻤﮑﻦ اﺳﺖ ﻫﺰ ﯾ ﻨ ﻪﻫﺎی ﻣﺨﺘ ﻠﻔی ر ا ب ﺮ ای ﻣﻌﺎﻣﻼت ا ﻋﻤﺎل ﮐﻨﺪ
Clause 5.1 in Client Agreement, Persian version, p.13
Read from the broker's site on Open the reference
Our own capture of stbbrokers.com, taken on Sep 10, 2026The claim, on Persian deposit and withdrawal page, opening lineVisit this page on the broker's siteDownload the full size image file
Our own capture of stbbrokers.com, taken on Sep 10, 2026What the contract says, clause 5.1This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of stbbrokers.com, taken on Sep 10, 2026The fee schedule is only visible after you have an account (clause 5.1)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Where it sits: section 13 of 46 in the Client Agreement, Persian version, 28% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA and CySEC must disclose all costs and charges to a retail client before the client trades, in a form the client can keep. STB defers the amounts to a page you cannot reach without an account.

Epic Pips is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 10The contract confirms an inactivity charge exists and defines when it starts, but no published document states the amount.
05

The deposit page promises withdrawals in 1 to 24 working hours. The contract gives STB 3 working days, counted from the day it accepts your request rather than the day you make it, and never says how long accepting may take.

Why this matters

STB decides when the clock starts, so the gap between asking and being paid has no stated limit. The money leaves your visible balance immediately, before any of that begins.

Exhibit 5WarningHarder than usual3 working days

ﻣﺒ ﻠﻎ ﻣﻮرد درﺧﻮ اﺳﺖ ﺑﻼﻓﺎﺻﻠﻪ ا ز ﻣﻮﺟﻮدی ﺣﺴﺎب ﺷﻤﺎ ﮐﺴﺮ ﺧﻮ اﻫﺪ ﺷﺪ
Clause 5.2.4 in Client Agreement, Persian version, p.13
Read from the broker's site on Open the reference
Our own capture of stbbrokers.com, taken on Sep 10, 2026The claim, on Persian deposit and withdrawal page, three step guideVisit this page on the broker's siteDownload the full size image file
Our own capture of stbbrokers.com, taken on Sep 10, 2026What the contract says, clause 5.2.4This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of stbbrokers.com, taken on Sep 10, 2026The withdrawal clock starts when STB accepts, not when you ask (clause 5.2.4)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Where it sits: section 14 of 46 in the Client Agreement, Persian version, 30% of the way through.

06

The execution page promises a No Dealing Desk model with orders going straight to the market and zero manipulation. The contract says STB is the principal and the only counterparty to every trade, prices all markets itself, and is the only place those markets can be reached.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

STB is the other side of your trade, so your loss is its gain, and it also sets the price your trade is measured against. The page that sold you independent market access says the opposite.

Exhibit 7WarningHarder than usual

STB PROVIDER LTD ﺑﻪﻋﻨﻮ ان ﺗ ﻨﻬﺎ ﻃﺮف ﻣﻘﺎ ﺑﻞ ﻣﻌﺎﻣﻼت، در ﻫﺮ ﻣﻌﺎﻣﻠﻪ ﺑﻪﻋﻨﻮ ان اﺻﯿﻞ (Principal) ﻋﻤﻞ ﻣیﮐﻨﺪ
Clause 14.4.2 in Client Agreement, Persian version, p.34
Read from the broker's site on Open the reference
Our own capture of stbbrokers.com, taken on Sep 10, 2026The claim, on Execution and Spreads page, opening paragraphVisit this page on the broker's siteDownload the full size image file
Our own capture of stbbrokers.com, taken on Sep 10, 2026What the contract says, clause 14.4.2This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Buried at section 36 of 46 in the Client Agreement, Persian version, 78% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must identify conflicts of interest and disclose them clearly where arrangements cannot prevent them. Here the conflict is disclosed in the contract and denied on the marketing page.

Epic Pips is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

STB sells managed accounts its contract lets it refuse

PAMM at $500 and copy trading at $100 both hand your account to someone else, which clause 1.5.1 makes a ground for STB to refuse all service. A Persian reader cannot check the PAMM terms either, because the agreement the Persian legal page advertises returns nothing at any address STB uses.

Products without terms2 clauses flagged

STB sells PAMM accounts and copy trading across its homepage. The contract says that if a client's account is managed by a third party, STB may refuse to provide any service at all, and may close your open positions without notice.

Why this matters

Both investment products STB advertises hand control of your account to someone else, which is exactly what this clause lets STB refuse to serve. The clause carves out no exception for STB's own PAMM or copy trading.

Exhibit 8WarningHarder than usualNew

اﮔﺮ ﺣﺴﺎب ﻣﺸﺘﺮی ﺗﻮﺳﻂ ﺷﺨﺺ ﺛﺎﻟﺜی ﻣﺪیﺮﯾﺖ ﺷﻮد، ﺷﺮﮐﺖ ایﻦ ﺣﻖ ر ا دارد ﮐﻪ از ار اﺋﻪ ﻫﺮﮔﻮﻧﻪ ﺧﺪﻣﺎت ﺑﻪ ﻣﺸ ﺘ ﺮ ی ﺧ ﻮ د د ا ر ی ﮐ ﻨ ﺪ.
Clause 1.5.1 in Client Agreement, Persian version, p.4
Read from the broker's site on Open the reference

Where it sits: section 4 of 46 in the Encyclopedia page (serves the STB Provider homepage), near the start.

The Persian legal page lists a PAMM Agreement of six pages and links to it. The file is not there. We tried that address and every other date folder STB uses, and all returned nothing, while the English PAMM agreement downloads normally.

Why this matters

PAMM asks you to hand $500 to a stranger who trades it for you, and if you read Persian you cannot obtain the contract that governs it. The page tells you the document exists, so you would not go looking further.

Exhibit 14WarningRarely seen$500New

قرارداد PAMM شرایط و ضوابط حاکم بر روابط حساب PAMM بین سرمایه‌گذاران و مدیران.
Quoted in Legal Documents page, Persian version, Persian legal shelf, PAMM card
Read from the broker's site on Open the reference

Buried at section 20 of 30 in the Legal Documents page, Persian version, 67% of the way through.

Our readingA dead link is ordinary on a marketing page. A dead link where the missing file is the only contract governing a managed investment product, on a shelf where every neighbouring link works, leaves that product with no published terms in that language.

STB does not publish what it charges you

Clause 5.1 of the STB contract creates charges for deposits, withdrawals, currency conversion and inactivity, then sends you to a Charges page inside the client panel for the amounts. Two more fees sit elsewhere in the documents: an unquantified penalty for withdrawing without trading enough, and $82 a night per gold lot on the swap free account.

Cost disclosure2 clauses flagged

The contract requires you to use part of your deposit for trading. If you do not, STB applies additional withdrawal charges. It never says how much trading is enough, or how large the extra charge is.

Why this matters

Deposit, change your mind, ask for your money back, and you pay a penalty of unstated size. The page selling free withdrawals and no capital lock-in does not mention this clause.

Exhibit 6WarningRarely seen

ﻫﺰ ﯾ ﻨ ﻪﻫﺎی اﺿﺎ ﻓی ب ﺮ ای ب ﺮد اﺷﺖ وﺟﻪ ا ﻋﻤﺎل ﺧﻮ اﻫﺪ ﺷﺪ.
Clause 5.2.6 in Client Agreement, Persian version, p.14
Read from the broker's site on Open the reference

Where it sits: section 15 of 46 in the Client Agreement, Persian version, 33% of the way through.

Our readingCharging a client for not trading enough before withdrawing is a bonus style wagering condition applied to ordinary deposited money, with no bonus involved and no threshold published.

The swap free account removes overnight interest and replaces it with an administrative fee. On gold that fee is $82 per lot per night once a six night grace period ends. On the Spanish index it reaches $551 a night after three nights.

Why this matters

You choose a swap free account to avoid interest, and this charge is larger than the swap on many accounts that pay it. Hold one gold lot for a fortnight and the fee alone runs into the hundreds.

Exhibit 9WarningHarder than usual$82

ﻃﻼ )Gold( XAUUSD ۶ -۸۲
Clause 11 in Swap-Free Account Terms, Persian version, p.6
Read from the broker's site on Open the reference

What it costsOne gold lot held 14 nights clears the six night grace period, then pays $82 for each of the remaining 8 nights. That is $656 before any trading loss.

Your profit and your safety net are both revocable

STB can void every open position back to the moment it was created and adjust your account equity, at its own discretion and without warning. Its negative balance protection is forfeitable too, and clause 15.D12.3 lists withdrawing your own money among the acts that forfeit it.

Money already earned1 clause flagged

If STB reasonably believes you committed market abuse, it can act at its own discretion and without warning: void every open position from the time it was created, withhold funds it suspects came from abuse, and adjust your account equity.

Why this matters

Voiding a trade from the moment it opened deletes your profit as though the trade never happened. STB judges whether abuse occurred, and may end the relationship without a court order.

Exhibit 12WarningHarder than usual

ﺑﺎﻃﻞ ﯾﺎ ﻟﻐﻮ ﮐﺮدن ﺗﻤﺎﻣی ﻣﻮﻗﻌﯿﺖﻫﺎی ﻣﻌﺎﻣﻼﺗی ﺑ ﺎ ز ا ز زﻣﺎن ا ﯾﺠﺎد آنﻫﺎ.
Clause 3.15.1 in Client Agreement, Persian version, p.11
Read from the broker's site on Open the reference

Where it sits: section 11 of 46 in the Client Agreement, Persian version, near the start.

STB gives two different stop out levels for the same account

The Client Agreement and Risk Disclosure both close your positions below 50% margin. The Order Execution Policy on the same legal shelf sets the stop out at 30%, and nothing tells a client which figure applies to them.

Forced liquidation1 clause flagged

The Client Agreement and the Risk Disclosure both say STB starts closing your open positions when your margin level falls below 50%. The Order Execution Policy on the same shelf puts the stop out at 30%.

Why this matters

This is the level at which STB begins liquidating your trades without asking. You cannot tell from its own documents whether you have until 50% or until 30%, and the difference is money.

Exhibit 13WarningHarder than usual30%New

ﭼﻨ ﺎ ﻧﭽﻪ ﺳﻄﺢ ﻣ ﺎ ر ﺟ ی ﻦ ﺑ ﻪ ﮐ ﻤ ﺘ ﺮ ا ز ۵۰٪ بﺮﺳﺪ
Clause 15.D9.1 in Client Agreement, Persian version, p.39
Read from the broker's site on Open the reference

STB publishes its contract as 49 pages of pictures

The governing English Client Agreement contains no text at all: 49 pages, 50 embedded images, nothing to search or copy. A client who wants to check a clause before complaining has five working days to object to a trade and a picture book to find the rule in.

Contract access1 clause flagged

Confirmations of your trades become binding unless you object in writing within 5 working days of receiving them. After that the contract treats the record as settled, however wrong it was.

Why this matters

A week away from the platform is enough to lose the right to dispute a fill. STB's own records are the evidence, and you cannot object to them on the ground that a computer produced them.

Exhibit 11WarningHarder than usual5 working days

ﻣﮕﺮ اﯾﻨﮑﻪ ﺷﻤﺎ ﻇﺮف ﭘﻨﺞ روز ﮐﺎری از ﺗﺎریﺦ درﯾﺎﻓﺖ، ﺑﻪﺻﻮ ر ت ﮐ ﺘ ب ﯽ ا ﻋ ﺘ ﺮ اض ﮐ ﻨ ﯿ ﺪ
Clause 3.14.1 in Client Agreement, Persian version, p.10
Read from the broker's site on Open the reference

Where it sits: section 10 of 46 in the Client Agreement, Persian version, near the start.

Ninety days of silence makes every STB account dormant

No trade, deposit, withdrawal or internal transfer for 90 calendar days turns all of your accounts dormant. The contract confirms inactive accounts are charged and never states the amount in the Persian text a client can actually read.

Going quiet1 clause flagged

Stop trading, depositing and withdrawing for 90 calendar days and every account you hold is treated as dormant. The contract confirms elsewhere that inactive accounts are charged, but the Persian text never says how much or how often.

Why this matters

You can learn from this contract that going quiet will cost you, and you cannot learn what it costs. The only place the amount is said to exist is a panel you reach after depositing.

Exhibit 10WarningHarder than usual90 days

ﺣﺪا ﻗﻞ ﻧﻮد )۹۰( روز تﻘﻮﯾﻤی ﻫیﭻﮔﻮﻧﻪ ﻓﻌ ﺎ ﻟ ﯿ ﺘی ﺷﺎ ﻣﻞ ﻣﻌ ﺎ ﻣ ﻠ ﻪ ، ب ﺮ د اﺷﺖ، و ا ر ی ﺰ ﯾ ﺎ ا ﻧ تﻘ ﺎل د اﺧﻠی ا ﻧﺠﺎ م ﻧﺸﻮد
Clause 16.12.1 in Client Agreement, Persian version, p.42
Read from the broker's site on Open the reference

Buried at section 44 of 46 in the Client Agreement, Persian version, 96% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must set out the amount of any inactivity charge in the costs disclosure a retail client receives before trading. This contract names the trigger and withholds the price.

Epic Pips is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Epic Pips has no site, no documents and no regulator

Every address on epicpips.com is discarded and answered with the STB Provider LTD homepage, so the brand that recruited you publishes no contract of its own. STB's Licence Number 2023-00478 is its Saint Lucia company registration number, issued on 26 September 2023 by a registry, not a financial regulator.

Who you are dealing with2 clauses flagged

Every address on epicpips.com is discarded and answered with the STB Provider LTD homepage at stbbrokers.com. We asked for the legal documents page and got the marketing homepage of a different brand. Epic Pips publishes no contract, no risk disclosure and no policy of its own.

Why this matters

The name that persuaded you to sign up appears nowhere in the contract you sign. Your money, your terms and your complaint all belong to STB Provider LTD, on a domain you were never sent to.

Exhibit 15WarningRarely seen

STB Provider LTD is registered Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros Islet, Saint Lucia. Licence Number: 2023-00478.
Quoted in Legal & Docs page (serves the STB Provider homepage), Served in place of the legal page
Read from the broker's site on Open the reference

Buried at section 76 of 78 in the Legal & Docs page (serves the STB Provider homepage), 97% of the way through.

Our readingBrokers commonly run several brands. Serving a brand that has no pages, no documents and no entity of its own, and swallowing every requested address into one homepage, leaves the client with no way to reach terms under the name they were sold.

The footer of every page gives Licence Number 2023-00478. The certificate card on the same site gives the identical number as Company No. 2023-00478, incorporated 26 September 2023 in Saint Lucia. One number, two labels, and no financial regulator behind either.

Why this matters

Registering a company is not being licensed to hold your money, and no regulator supervises STB. The same site claims 2021 as its founding year and copyright from 2020, three years before the company existed.

Exhibit 16NoticeStandard wording

STB Provider Ltd, Company No. 2023-00478, incorporated 26 September 2023.
Quoted in Legal Documents page, Certificate of Incorporation card
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must publish the licence number issued by that regulator and name the regulator. STB publishes a company registration number under the heading Licence Number.

Epic Pips is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The page says your order goes to the market untouched; the contract says STB is the market and the only counterparty.

Said in public, in English

STB uses a No Dealing Desk (NDD) STP/ECN model — your orders go directly to the market with zero interference, zero manipulation.

Execution and Spreads page, opening paragraph

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of stbbrokers.com

In the contract · clause 14.4.2

STB PROVIDER LTD ﺑﻪﻋﻨﻮ ان ﺗ ﻨﻬﺎ ﻃﺮف ﻣﻘﺎ ﺑﻞ ﻣﻌﺎﻣﻼت، در ﻫﺮ ﻣﻌﺎﻣﻠﻪ ﺑﻪﻋﻨﻮ ان اﺻﯿﻞ (Principal) ﻋﻤﻞ ﻣیﮐﻨﺪ

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of stbbrokers.com

02

Hours on the marketing page, working days in the contract, and the count only starts once STB accepts.

Said in public, in Persian

تراکنش را تأیید کنید. واریزها آنی و برداشت‌ها طی ۱ تا ۲۴ ساعت کاری پردازش می‌شوند.

Word for word in English: Confirm the transaction. Deposits are instant and withdrawals are processed within 1 to 24 working hours.

Persian deposit and withdrawal page, three step guide

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of stbbrokers.com

In the contract · clause 5.2.4

ﻇ ﺮ ف ۱ ﺗﺎ ۳ روز ﮐﺎ ری ﭘﺲ ا ز ر و ز ی ﮐ ﻪ د ر ﺧ ﻮ ا ﺳﺖ ب ﺮ د ا ﺷﺖ ﭘ ﺬ ی ﺮ ﻓ ﺘ ﻪ ﺷ ﺪ ه ا ﺳﺖ

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of stbbrokers.com

03

Protection is promised as automatic, while the contract lists an ordinary withdrawal as abusing it.

Said in public, in Persian

وجوه مشتریان در حساب‌های بانکی تفکیک‌شده نگهداری می‌شود. محافظت از موجودی منفی به‌طور پیش‌فرض فعال است.

Word for word in English: Client funds are held in segregated bank accounts. Negative balance protection is active by default.

Persian homepage, Trusted and segregated funds panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of stbbrokers.com

In the contract · clause 15.D12.3

bﺮداﺷﺖ وﺟﻪ از ﺣﺴﺎب ﻣﻌﺎﻣﻼتی در ﺻﻮرﺗی ﮐﻪ ﻣﻮﺟﺐ ﮐﺎﻫﺶ ﻣﺎرﺟیﻦ ﻣﺸﺘﺮی ﺷﻮد.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of stbbrokers.com

04

The page calls itself the complete fee list while the contract keeps the amounts behind a client login.

Said in public, in Persian

همه روش‌های واریز و برداشت STB در یک‌جا — با کارمزد و زمان پردازش کاملاً مشخص. بدون کارمزد پنهان.

Word for word in English: All STB deposit and withdrawal methods in one place, with fees and processing times fully stated. No hidden fees.

Persian deposit and withdrawal page, opening line

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of stbbrokers.com

In the contract · clause 5.1

ﺑﻪ ﺑﺨﺶ ﻫﺰﯾﻨﻪﻫﺎ )Charges( در ﭘﻨﻞ ﮐﺎربﺮی ﻣﺸﺘﺮی ﻣﺮاﺟﻌﻪ ﮐﻨﯿﺪ.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of stbbrokers.com

The documents this reading is based on

4 files, all published by Epic Pips. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Epic Pips publishes.

How this reading was done

Every clause above was read out of a document Epic Pips publishes itself

This reading was published on . It is the newest of 2 readings we keep of these documents. See every reading.

Documents
3 of 4downloaded from the broker's site, and 3 read in full
Pages opened
23pages walked to find those documents, footer links included
Older copies
24earlier versions downloaded
Marketing pages
5public pages set against what the contract says
Languages
EN vs FAthe language it advertises in, against the language it contracts in
Position measured
12clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

STB Provider LTD

You do not contract with Epic Pips. Nothing at epicpips.com is a page of its own: the domain answers every address by discarding it and serving the STB Provider LTD homepage at stbbrokers.com, which we confirmed by opening epicpips.com and epicpips.com/legal/ and landing on the same STB page both times. The counterparty named in the contract is STB Provider LTD, and its own documents place it in three countries. The website footer gives Saint Lucia, company number 2023-00478, incorporated 26 September 2023, with an office in Sofia, Bulgaria. The Introducing Broker Agreement calls the same company a company registered in Montenegro under the same number, with a principal office in Podgorica. The FinCEN filing gives a Denver, Colorado address, on a site that says STB does not serve residents of the USA. No financial regulator stands behind any of it: 2023-00478 is a company registration number, not a licence.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

Every time we have read this contract

We keep 2 readings of Epic Pips’ documents, newest first. Each one shows what we said at the time.

2 readings

What changed since Aug 31, 2026

The counts below are about our own list of clauses. A clause can join it because the broker added it, or because this reading found something the last one missed.

New on our list
11 clauses
Off our list
10 clauses
We rate critical
4 now, 4 then
Our risk score
8.2 to 8.5 out of 10

The corpus moved a long way since our last reading, and not in the client's favour. STB replaced its entire English legal set after we published, moving every document from a March 2026 file to a September 2026 one, and left the Persian set on its August files, so the translation an Iranian client reads is now a revision behind the English text the contract says prevails. We can no longer show you the dormant account fee or the PAMM penalty we reported before: the English contract is published as page images we cannot read, and the Persian PAMM link is dead. Four things are new here, that the contract is unreadable by design, that the fee schedule sits behind a login, that clause 1.5.1 lets STB refuse service to any account run by someone else while it sells PAMM and copy trading, and that the stop out level is 50% in two documents and 30% in a third. The risk score rises from 8.2 to 8.5.

The counts above are the totals each reading published. They show that a total moved. They do not yet say which single clause was added or dropped.

  1. CurrentRisk 8.5/1016 clauses4 critical
  2. Risk 8.2/1015 clauses4 criticalReplaced

We keep every past reading so you can check what we said before, and when we said it. Those pages are archived snapshots of an older contract, so search engines are asked not to index them.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

STB Provider LTD publishes a genuinely complete document set, free to download without an account: a client agreement, risk disclosure, AML policy, order execution policy, complaints procedure, copy trading rules, an IB agreement and swap free terms. It translates almost all of them into Persian, which very few brokers serving Iranian clients bother to do. The risk disclosure is detailed and states plainly that more than 75% of retail accounts lose money. The swap free terms publish an exact fee per instrument per night rather than hiding the number, and negative balance protection is given contractually rather than only in marketing.

We could not read the contract that governs. STB publishes the English Client Agreement as page images with no text layer, so nothing can be extracted from it, and the same was true of the version it replaced. Everything we quote from the contract comes from the Persian translation, which is a real text document we read end to end. We did not read the English risk disclosure, privacy policy, AML policy, order execution policy, complaints procedure, PAMM agreement or copy trading rules, and we did not read the certificate of incorporation, so we cannot say whether the English and Persian texts agree. We read the Persian versions of those instead. The Persian PAMM agreement could not be read because the file its own legal page links to does not exist. We do not repeat the dormant account fee we reported last time, because that figure sat in the English contract we can no longer read.

How to check any of this yourself

Every quote above links to the Epic Pips file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Epic Pips publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Epic Pips on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 10, 2026.

If you represent Epic Pips and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Epic Pips. Whether its licence is real and current is a separate check on the broker profile.

Back to the Epic Pips profile