Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Stockoza, a trading name of Stockoza Ltd., is allegedly a multi-asset broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 on the web-based trading platform via six different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that Stockoza currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.03/10. Please be aware of the risk.
Market Instruments
Stockoza advertises that it offers access to 500+ trading instruments in financial markets, including currencies, indices, stocks, and commodities.
Account Types
Stockoza claims to offer six types of trading accounts, namely Beginner, Intermediate, Advance, Pro, Expert and VIP, with minimum initial deposit requirements of $10,000, $50,000, $100,000, $250,000, $500,000 and $1,000,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The maximum leverage provided by Stockoza is 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Commissions
Stockoza charges trading commissions, which vary depending on the account type. Specifically, there is up to 10% discount on the Advance account, 25% on the Pro account and 50% on the Expert account.
Trading Platform Available
Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Stockoza gives traders a web-based trading platform, which is available for desktop, mobile and tablet devices. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Stockoza supports deposits and withdrawals via Visa and MasterCard. The minimum initial deposit requirement is extremely high - $10,000. Withdrawals usually take around 3-4 business days to be processed, but can take faster or longer depending on certain cases.
Customer Support
Stockozas customer support can be reached by telephone: +1784 +18009018109, email: support@stockoza.com or live chat. Company address: Victoria Park Road, Kingstown, St. Vincent & Grenadines, Kingstown P.O. Box 4457.
Pros & Cons
Frequently Asked Questions (FAQs)
