STOfs Review

MIN. DEPOSIT $20
Up to 500:1
Up to 30% BONUS
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STOfs
Up to 30%
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Overview

  Company Information STO is one of the many online brokers located in Limassol, Cyprus. It was initially founded in 2014, which makes it one of the youngest players in… more

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Details

Broker STOfs
Website URL http://www.stofs.com/en/
Headquarters Limassol, Cyprus
Support Number +357 25-020605
Support Email customerservice@stofs.com
Support Types Phone, Live Chat, E-mail
Languages English, Arabic, Italian, Chinese, Russian
Minimum 1st Deposit $20
Minimum Trade Amount 0.01
Maximum Trade Amount 50 lots
Bonus Up to 30%
Payout Up to 500:1
Free Demo Account Yes
Regulated Yes
Regulation FCA, CySEC
Account Types Classic, Premium, PRO, AFX Fast, MAAM
Deposit Methods Visa, Visa Electron, MasterCard, Skrill, cashU, WebMoney, Neteller, Qiwi, Wire Transfer
Withdrawal Methods Visa, Visa Electron, MasterCard, Skrill, cashU, WebMoney, Neteller, Qiwi, Wire Transfer
Types of Assets Forex, Metals, Shares, Indices, Bonds, Commodities
Account Currency EUR, USD, CHF, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

STO is one of the many online brokers located in Limassol, Cyprus. It was initially founded in 2014, which makes it one of the youngest players in the branch. The brand is a trademark of one major financial giant from the industry – the AFX Group. The organization consists of two companies – AFX Markets Ltd and AFX Capital Markets Ltd. The first one is London-based firm registered and regulated by the FCA, which handled all the operation of STO in the UK. The second company is authorized by CySEC under license number 119/10. AFX Capital Markets Ltd also abides by the rules of MiFID, and it is registered with CONSOB in Italy. STO is a dedicated brokerage provider that employs the ECN business model, and it operates in many countries around the world. Unfortunately for the US citizens, STO does not allow traders from the States. The broker offers an excellent education for its new clients. Apart from the detailed articles about trading, STO has various tutorials (both text and video) organized in courses with different levels. The online broker is a perfect choice for traders, who look for a beginner-friendly company with relatively good trading conditions.

 

Trading Information

STO offers a broad range of financial instruments that will probably fit the taste of every trader. There are Forex currencies, commodities, indices, bonds, and equities. All of them can be traded through one of the various account types offered by the broker. The most common profile is STO Classic, which allows the traders to use up to 1:500 leverage and spreads starting from 1.8 pips. Clients who are eager to invest more can benefit from the Premium or Pro account and enjoy extremely low spreads starting from 0.4 or 0.2 pips respectively. Islamic accounts are also available with their swap-free exception according to Sharia law. There is one particular type of profile called AFX Fast. It’s specially designed for institutions or professional traders who work with their clients. STO provides fantastic conditions with near zero spreads on the major Forex pairs. Apart of this, all accounts have a margin call of 100% and stop out at 50% (75% for AFX Fast).

 

Trading Platforms

Just like most of the popular brokers in the industry, STO employs the finest trading platform of all – MetaTrader 4. The leading software is a powerful tool equipped with many helpful features and various instruments to aid the customers. MT4 has its programing language, which can help the trader to design his tactics or automate various trading activities. MetaTrader is, without any doubt, an excellent choice for the primary trading platform. Also, MT4 can be used as a web-based application. It can be opened right from the browser on almost any device with Internet connection.

 

Institutional clients and pro-traders will be happy to learn that STO provides its trading platform specially designed for the AFX Fast account. The software goes with the same name and offers advanced technology and usability. It’s intuitive, powerful and well-designed.

 

Security and Customer Services

Security is handled via efficient SSL encryption on the website’s login pages. It’s issued and certified by GoDaddy as a reputable provider of protection solutions for the financial sector. STO is an online broker that strictly follows all the best practices in the branch. The company employs Balance Protection on all trading accounts and insures the customers’ funds through ICF and FSCS (Investors Compensation Fund and Financial Compensation Scheme). All money are also held in segregated accounts at some of the most reputable UK banks.

 

Every client of STO can enjoy an excellent customer service via numerous communication channels. Traders can quickly reach out any representative of the online broker by visiting any of the offices located in London, Limassol, Milan, New York, and Shanghai. Each of the branches has its phone line, email, and fax. Alternatively, the customer can use a live chatting system or browse the website in 5 different languages.

 

Deposits and Withdraws

Traders are free to deposit their desired amount of money by using one of the payment option offered by STO. The usual methods are presented – credit/debit cards, bank wire transfers, and e-wallet services. The various account types that the client can choose employ different minimum deposit. The Classic account can be opened with just $20 ($200 for FCA), Premium with $500, Pro – $5000 and the particular AFX Fast profile with $2000. The accepted currencies that the traders can use are EUR or USD.

 

Withdrawals are processed with the same transaction options. Traders have to request their funds to be withdrawn and wait for individual checks to be handled by STO’s representatives. Once everything is clear, the online broker will transfer with the client’s desired method. The company does not apply any extra charges for these operations. However, other services involved in the process may use some additional fees.

 

Deposit Bonus and Loyalty Programs

STO is offering exciting gifts for its new and existing clients. Every newcomer can win extra 30% on his account by depositing $100 or more. The additional cash can help the trader to build up some confidence and open his positions with extra peace of mind. The loyal clients are not forgotten as well. They can get 20% bonus on every deposit after the initial one. The surprises do not end with this fantastic deposit bonus. Every customer of STO receives 10% interest rate on his deposit, which is collected on a yearly basis. The deal is one of the finest amongst many other globally recognized brokers. Traders can also benefit from a well-planned rebate program that is available to every registered user. Traders who use MT4 can get $3 extra cash on every traded lot. The potential rewards are not capped, so the opportunities are limitless.

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