Stoxmarket is headquartered in Dominica in the Caribbean. It is always possible, however, for an offshore broker to count among recommended forex brokers. Stoxmarket, besides being a CFD broker, also renders investment advice. Fake reviews pull down sincere brokers without just cause shown.
This forex review finds that Stoxmarket has the latest trading platform suitable for all investors.
Is Stoxmarket a scam or not?
Stoxmarket is unregulated.
The website, however, leaves a lot to be desired. There are insufficient details on the website about a lot of details. Due diligence is the trader's responsibility. Most experts and professionals would drawback at the possibility of trading with an unregulated broker since they cannot offer the same protection to investors that a regulated brokerage firm can.
Stoxmarket review: advantages and disadvantages
Advantages
Clear and above board with its credentials;
Segregated client accounts;
Superlative electronic trading platform with customization options;
Market maker.
Disadvantages
Cannot endorse third-party plugins;
Does not offer services to US, Japan, Korea, Israel residents.
Stoxmarket review: trading account types
Traders would wish to open trading accounts at Stoxmarket. The free trial account is accessed with ease on the broker website. The demo account ought to be available so that desktop starter traders learn the lessons of forex trading without putting into danger actual funds.
While there are no full details on account types, it is always possible for traders to reach out to the personal account manager. Alternatively, it is possible just to send account-related queries to support@Stoxmarket.com.
The broker presents a variety of diverse trading account options tailored to the individual trading needs of clients.
It is essential to ensure that you check and understand all of the latest information before opening Stoxmarket account for online trading.
Stoxmarket review: account opening
To open an account, click on the ‘Register Account’ button on the broker’s website, fill out the account application form correctly, and then submit.
It is imperative to ensure that you read all of the broker’s terms, conditions, and policies as you go through a broker application. Only proceed if you fully understand the stipulations.
Stoxmarket review: trading instruments
There are a total of 200+ tradable assets. With 30+ currency pairs, all major cryptocurrencies, commodities represented by oil, and 9 market indexes, the forex broker promises success not only on the foreign exchange but in bourses dealing in cryptocurrencies as well.
Stoxmarket review: commissions & spreads
Stoxmarket offers a transparent pricing model consisting of low, ultra-competitive, and tight spreads. MetaTrader4 spreads & platforms are variable. Quotes come from diverse leading banks and institutions and other top-tier liquidity sources worldwide.
Stoxmarket trading costs differ contingent upon account type and the market traded. The silver Account is free of commission with a bit large spread. Conversely, the Gold account is commission-based but with raw spreads. Similar is the Platinum account with spreads starting from 1 pips.
Swap or overnight fees are charged on positions that keep open overnight. In the event of positions being held over the weekend, a three-day swap charge will be charged on Wednesdays.
Stoxmarket ‘s price feed comes from diverse liquidity providers and banks, permitting them to offer market-leading spreads.
Stoxmarket review: leverage
The leverage offered is as high as 1:400. Forex and Derivative Financial instruments bear a high degree of risk. The transactions are leveraged or geared as the initial margin amount may be insignificant compared to forex and derivative contract value.
A comparatively small market movement will have a proportionately bigger effect on the client's funds. This may go in the client's interest, as well as against it. Professional traders have all the freedom to indulge in high-octane trading.
Stoxmarket review: deposit & withdrawal
You can start trading with a minimum deposit of UD$1000.
Stoxmarket provides secure bank transfer account withdrawals. There are no fees, and the remittance may be made in GBP, USD, and Euros. Funding time, as well as withdrawal time, is an estimated 3 working days maximum.
Full bank details for said transfer procedures are given on the website. Send your initial deposit by bank wire. Credit card details would also facilitate payment.
Stoxmarket review: trading platforms
Stoxmarket offers the MT4 trading platform.
Considered the gold standard among trading platforms, MetaTrader 4 or MT4 is a free platform for trading forex and financial instruments such as futures, CFDs, commodities, indices, and cryptocurrencies. Moreover, retail traders can have MetaTrader4 via particular brokers, all of whom individually license the program. Per the developer, MetaQuotes Software, the platform is available via 750 plus brokers and banks.
The Stoxmarket MT4 trading platform: features
MetaTrader4 provides us the web, desktop, and mobile versions. The platform offers more than 30 languages, including French, English, Portuguese, Spanish, Japanese, Russian, and Chinese. The desktop platform assists in analyzing financial markets, performing advanced trading operations, operating trading robots, besides copy trading.
The platform’s client terminal permits 3 trade execution modes.
Instant execution;
Execution on request;
Execution by market.
Order executed via MetaTrader4 may be a market order. The latter is an order executed at the ongoing market price or pending order, which is a promise to sell or buy a security at a predetermined price in the future.
A pending order may be a limit stop-loss or stop order. The platform’s swift trading function sends orders from the chart. The built-in tick helps determine the exactness entry and exit points. Price movement is analyzable in nine timeframes. The charting application has 24 graphic objects and 30 built-in indicators.
Security
The MT4 guarantees security. The highest security standards are conformed to. Data encryption exchanged between the client terminal and the platform’s servers secures the trading account and use RSA digital signatures. The web platform offers you trade using any browser and operating system. It supports all trading orders, execution modes, and one click trading. Real-time quotes are carried on the chart.
Control over trades
The MT4 mobile platform gives total control over the trading account. You may access your account anytime, from anywhere. The free chat option assists in communication. MT4 provides an automated trading feature with the help of EAs or Expert Advisors. EAs may study quotes and execute trades.
Automated trading availability
CodeBase, a library with selections of free EAs, scripts, and technical indicators make EAs available for free. Conversely, these may be bought or rented from an online store. Moreover, there are professional MetaTrader developers whose services may be used in procuring EAs.
Copy-trading
MetaTrader4 Trading Signals permit copy trading of successful traders, offering their trades in public access for free or for a sensible fee, thus becoming signal providers. The trading platform’s signals tab carries these commercial and free signals. The firm’s website also has these. While still on the trading platform, you can opt for a signal provider and begin copying trades.
Trading alert
The platform’s alert tool permits you to create an alert for specific trading conditions like the price that outstrips particular bid and ask prices. You will be notified once the particular event takes place.
Company details
Assets
There are a total of 200+ tradable assets.
Basic
Stoxmarket is headquartered in Dominica.
Customer service
The customer support staff is reachable also via phone and email. There's LiveChat, so that takes care of the primary concern.
Stoxmarket review: mobile app
Downloading the Stoxmarket trading app lets you dive into continuous trading thrills. From your mobile device, you may access 200+ asset CFDs, one-tap trading options, complete account synchronization, and the educational hub.
Stoxmarket review: educational & research support
While there's ostensibly no dedicated trader education and research section on the Stoxmarket website, a good deal of stimulating material is given in the 'Trading Tools' section. Traders of a mind to soak up some inspiring content on forex themes may just browse the following offerings:
MT4 Platforms,
Heat Map,
Real-Time Prices,
Economic News.
Stoxmarket review: customer support
There's LiveChat, so that takes care of the primary concern. The customer support staff is reachable also via phone and email.
Feel free to make use of the contact form at https://www.stoxmarket.com.
Email: sales@stoxmarket.com.
The Twitter handle is @stoxmarket.
Conclusion
Stoxmarket review is an online trading broker, presenting traders with intuitive trading platforms for trading multiple financial instruments. Traders have presented a range of trading tools and a client support team. Moreover, there are multiple account options with spreads starting from 1.2 pips and leverage of up to 1:400 whilst charging zero commissions on trades.
High-Risk Investment Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the complete Risk Disclosure Statement, which gives you a more detailed explanation of the risks involved.
Contracts for Difference (CFDs) are highly leveraged products that are ideally suited to very experienced traders and investors. CFDs can be highly lucrative and provide an opportunity to make a lot of money quickly, but you can also sustain losses just as quickly if you’re not experienced.
FAQs
(1) What is the minimum amount needed for opening an account?
The minimum to open an account is $1000. Also, that much amount is needed to qualify for margin and specific options privileges, irrespective of promotional offers.
(2) What is the fastest way to open a new Stoxmarket account?
Opening a new account online is the fastest way to open and fund an account. You may even start trading most securities the very same day the account is opened and electronically funded.
(3) What types of investments can I make with a Stoxmarket account?
Stoxmarket provides a thorough and diverse investment product selection. The trader can trade options, stocks, ETFs, mutual funds, bonds, CDs, and forex in the silver account.
(4) Can I trade options and margins?
Yes. when you are completing the account application, just finish the margins & options section. Stoxmarket will extend these privileges to you on the basis of the other info you have submitted.
(5) Do I earn interest on my account?
No. Stoxmarket does not offer interest on credit balances in your trading account.
