1. General Information and Regulation
StoxMarkets is a trade name of Marketier Holdings Limited , located in Dominica in the offshore zone. at the moment, StoxMarket s is not shown subject to any active regulation.
2. market instruments
Investors can trade a range of popular forex pairs, gold, silver, indices and stock CFDs on the trading platform. StoxMarket s. besides, StoxMarket s also offers investors binary options trading services.
3. minimum deposit
StoxMarkets offers investors three different types of trading accounts, namely a silver account ($1,000 minimum deposit), a gold account ($5,000 minimum deposit) and a VIP account ($20,000 minimum deposit).
4. Leverage
StoxMarkets offers a maximum trading leverage of up to 500:1, which sounds relatively high. Since leverage can amplify both profits and losses, inexperienced traders are not advised to use such high leverage.
5. Spreads and Commissions
The EURUSD spread is 3 pips on the Silver account and 2 pips on the Gold account, which is much higher than the industry standard and carries higher trading costs. 1 pip on the VIP account is more in line with the normal spreads offered by most traders.
6. Trading platforms
StoxMarkets offers investors two different trading platforms, the most popular mt4 trading platform at the moment and the proprietary platform of StoxMarket s. the platform StoxMarket s offers real-time data, user-friendly interface, integrated web charts, multiple order types, order history, etc., and can be used with mt4 username and password.
7. Deposit and Withdrawal
StoxMarkets claims to accept most credit card payment methods, but it's not clear if they accept e-wallets like paypal.
8. Comments
advantages of StoxMarket they include:
1. The abundance of tradable assets
2. Three trading accounts to choose from
3. Two options of trading platforms (MT4 and proprietary platform)
disadvantages of StoxMarket s include
1. There is no regulation
2. High minimum deposit requirements
3. Wide margins and high transaction costs
4. Unclear withdrawal methods
9. Is the trading platform secure？
StoxMarketIt does not have a license authorized by regulatory entities. The wikifx team provided a detailed description of the rating after conducting a comprehensive assessment of the five control and regulation indices, considering the license index does not have authoritative regulation. it also conducted a business life cycle verification through a systematic assessment of the comprehensive level of the broker's business. A real-time monitoring was generated for more than 40 factors by the control team, which determined that there is no regulatory information, take the risk into account.
