STOXMarket Review

MIN. DEPOSIT 250 CCY
Up to 500:1
Up to 20% BONUS
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STOXMarket
Up to 20%
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Overview

Company Information Stoxmarket is one of the new players in the online Forex trading industry. The brand is owned by Marketier Holdings Limited, which was established in 2013. The platform… more

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Details

Broker STOXMarket
Website URL https://www.stoxmarket.com/
Founded 2013
Headquarters Roseau, Commonwealth of Dominica
Support Number +41 4 3333 8882
Support Email support@stoxmarket.com
Support Types Phone, E-mail
Languages English, Arabic, Italian, Russian
Minimum 1st Deposit 250 CCY
Minimum Trade Amount 0.01 lots
Maximum Trade Amount From 1 to 10,000 lots
Bonus Up to 20%
Payout Up to 500:1
Free Demo Account Yes
Regulated Yes
Regulation Financial Services Unit of the Commonwealth of Dominica
Account Types Silver, Gold, VIP
Deposit Methods Visa, MasterCard, Diners Club, Fast Wire Transfer, WebMoney, Local Payment Methods
Withdrawal Methods Visa, MasterCard, Diners Club, Fast Wire Transfer, WebMoney, Local Payment Methods
Types of Assets Forex, Stocks, Commodities, Indices
Account Currency EUR, USD, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Stoxmarket is one of the new players in the online Forex trading industry. The brand is owned by Marketier Holdings Limited, which was established in 2013. The platform itself was launched in 2014 and counts as one of the new names in the Forex broker world. This broker offers excellent trading conditions and 24/7 support. It uses all the new technologies and tries to protect its clients’ personal data and funds. Offering unique trading features like mobile trading Stoxmarket is going over the top with their platform. There is one thing that you might want to watch out when using their services. The broker is not licensed by any authority which is a bit risky when things come to online trading. For now, all seems good with the platform, and it’s steadily increasing regarding clients. Let’s see what Stoxmarket has to offer.

 

Trading Information

Stoxmarket currently offers three types of accounts. The Silver account has a minimum $1000 deposit. The spreads are variable and not the tightest we’ve seen nowadays. They go from a minimum spread of 3 pips for majors, and the typical is also three pips. The margin call level is at 100%, and the stop-out level is at 20%. The offered currency pairs for the account are 89 (20 of which are exotic). Maximum leverage can be set at 1:500, but it brings a lot of risks. The maximum account size is set to $4999. The Gold account has a higher minimum deposit requirement of $5000. While leverage, margins, and stop-out levels are the same as the Silver, it does bring some benefits. The spreads, for example, are much lower at one pip minimum for majors like EUR/USD and one pip typical. You also have overnight interest rates. The VIP account option has a maximum leverage of 1:200 and variable spreads of 1 pip for majors. The minimum deposit for this account is $20 000 and gives you excellent daily analysis and premium customer care. All of the account options offer scalping and hedging, automated trading and lots of other features.

 

Trading Platforms

The people from Stoxmarket have thought a lot about their clients and have chosen the most popular trading platform in the world. The MetaTrader 4 offers a broad range of trading instruments and excellent charting capabilities. You can trade from signals and have over 250+ instruments ready to buy. There is no dealing desk intervention and 50 built in indicators. What makes it a top choice for most brokers is the user experience. It’s straightforward and easy for beginners, but at the same time complicated enough to suit the needs of more experienced professionals. The only thing that’s been a bit of a letdown with it is the lack of a WebTrader platform. But in this case, Stoxmarket have taken care of that and provided such a platform with all the Metatrader 4 features. It means that you can just log in and use it without additional downloads and installation. There are also two platforms for mobile phones and tablets. They are very versatile and offer a great mobile trading experience.

 

Security and Customer Services

Security at Stoxmarket is ensured by their SSL encryption on all pages of their website. They have a 2048-bit encryption on their deposit funds page. They also offer the option of a segregated account which will protect your funds separately from the companies. Despite the lack of a license, Stoxmarket offers the very best of a safe and secure trading experience. One of their best benefits is the 24/7 customer support (compared to other companies that have only 24/5). It means that your problems with the platform can be solved even during the weekends. The live chat options are your best contact option, but there are several others you can use. There is a dedicated phone number for international customers, an email, and several social media profiles in Google+, Twitter, Linkedin, and Facebook. There’s also a dedicated YouTube channel. The website is translated in 3 languages (English, Italian, and Arabic). There is a beautiful Educational page where you can find eBooks, video tutorials, and the most frequently asked questions.

 

Deposits and Withdraws

To deposit money at your Stoxmarket account, you can use one of several deposit methods. There are the usual banking methods along with several digital wallets. You can choose many deposit currencies but keep in mind that your account has only the Euro and US dollar as options. What’s best about the deposits is the processing times. Even credit and debit card deposits are instant which is commendable. You have different deposit limits that go from $999 per transaction to $100 000 per transaction (for the Bank Wire payment option). There are no deposit charges from the company. Withdrawals are also easy but have to be made with the same banking methods you used for the deposit (even the same card). It takes between 3 and seven business for the money to be transferred to your bank account. To withdraw a certain amount just fill out a withdrawal form or contact the customer support via email. There are no withdrawal fees charged by Stoxmarket. However, you bank might charge you for the transfer. If you have a VIP account, Stoxmarket covers the bank transfer fees.

 

Deposit Bonus and Loyalty Programs

As a relatively new name in the Forex trading industry, Stoxmarket offers a great deposit bonus for their clients. Stoxmarket has a 100% welcome bonus for every new account. You have to deposit at least $1000 to be eligible for it. Also, it doesn’t transfer automatically to your account, and you’ll have to request it from the customer support.

 

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