StoxMarket is an unlicensed Forex broker that has been around for a few years. StoxMarket is owned by Marketier Holdings Limited, located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands.
Scam Trading Systems
You will lose your money by using an automated trading robot, see why.
Bitcoin and Forex investors at StoxMarket get access to the popular MetaTrader 4 trading platform made by Panda Trading Systems. This trading software gives you more than 100 of the popular underlying assets for CFD trading. When you look at the spreads on Bitcoin you will see that they are as wide as $500 with this broker.
Mobile trading apps are available for both Android and Apple.
Account Types at StoxMarket show that smallest account size requires a minimum deposit of $3,000. This is very high, but most people are using a trading robot, so they only deposited $250.
According to their terms and conditions;
Auto trading software fee: Stoxmarket do not charge any fee for using third party or company’s auto-trading software. However a client/trader who registered and deposited for using one of the auto-trading softwares and wish to close the account and withdraw the funds before trading at least 20 trades with the software, will be charged $100 as an auto-trading software fee.
When Scam Broker Investigator reviews a binary options broker to see if they are a scam or a legitimate broker, one of the main items we check for is a valid European license. There are many licensed brokers who are regulated by ASIC, CySEC, or the CFTC.
StoxMarket is not a licensed broker. Their payment processor is now: InOut Capital LP, Suite 2, 5 St Vincent Street, Edinburgh, Scotland UK, EH3 6SW.
For an updated list of licensed brokers, see here.
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