Stox Market Review: The Stox Market broker came into the market in the year 2008. The online brokerage firm specialises in trading stocks, forex, complex financial derivatives, and spread betting.
The globalised firm has its headquarter in the offshore of Dominica. Marketer Holdings Limited is the owner of the brokering platform.
Trading Accounts Offered by Stox Market
The brokerage company provides three types of accounts, namely; Silver, Gold and VIP.
Silver:
Minimum trade size:- 0.01 lot
Average spreads:- 3 pips
Maximum leverage:- 1:500
Minimum deposit: $ 1000
Gold:
Minimum trade size:- 0.01 lot
Average spreads:- 2 pips
Maximum leverage:- 1:500
Minimum deposit: $ 5000
VIP:
Minimum trade size:- 0.01 lot
Average spreads:- 1 pip
Maximum leverage:- 1:500
Minimum deposit: $ 20,000
Demo account:- That offers practice sessions to novice traders, who are willing to plunge in the market theatrics.
Instruments and Assets of the Broker
It provides an average range that includes silver, gold, forex pairs, indices, stocks and complex financial derivatives.
Besides, there is an ECN trading account for forex that sports the market execution, tight floatings, high leverage of 1:500. However, the commission is slated at a higher rate with $8 per lot.
Trading Platforms on Stox Market
The company is offering two trading platform; one is its in-house built StoxMarket platform. It is accessible on mobile and web alike. Also, it packs the strength of sumptuous MetaTrader4 that packs an array of features. It is one of the widely used platforms in the fray of online brokers.
The platforms packs qualities like integrated web charting, provides real-time data, userfriendly interface.
Payment Methods
According to the broker, it accepts almost all the credit cards. However, one needs to find out if options like Paypal are available as e-wallets. It says to support fast deposits and withdrawals for customers.
Is Stox Market a scamster or a legit broker?
The brokerage firm is not registered with FCA or any other regulatory body, which observes all the activities and keep a tab on any criminal proceedings by brokering platforms. More than 10000 traders have experienced trading on the Stox Market.
Customer Service
It boasts of being available for 24*7 for its clients via different modes of communication devices and technology.
Email id:- [email protected]
Website:-www.stoxmarket.com
Pros of the Broker
- It is commission-free
- Anybody can trade here.
- Availability of stellar platform like MT4
Cons of the Broker
- It does not have any regulatory body authorising it.
- The minimum deposit is $ 1000, which is too high even for regular market players.
- Lack of instruments and assets give the slip to the overall perspective of a seller and buyer.
- It does not have hedging.
Learn to Open an Account on Stox Market
- Visit the website and check the online form
- Fill the details like full name, email id, country name etc.
- Select the technical support option; trading and withdrawal.
- Type a message and submit.
Words of Wisdom
Come what may some people suggest about the broker, but it is always advisable that the trader uses his/her discretion and reach a conclusion by at least giving the brokerage company a try. There is a demo account that can provide the lead of overall performance and its fundamental standings. In this competitive market, the broker stood for 12 years and continues to withhold its position. Had it been otherwise, there cannot be a way to sustain for so long. Yet, it all bolsters down to what a customer thinks for Stox Market Review. Also, the company should file for taking services from a legalised regulatory firm.
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