StoxMarket is a binary options and forex broker that has been around for a few years. StoxMarket is owned by Marketier Holdings Limited, address: C&H Towers, 3rd floor Corner of Great Marlborough and Great George Streets, Roseau, Commonwealth of Dominica.
Their contact phone number in Switzerland is: +(41) 4 3333 8882, and in the United Kingdom it is: +(44) 203 769 6122. Their customer support email address is firstname.lastname@example.org. To see the typical complaints investors have with brokers you can read this.
Scam Trading Systems
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Binary option traders at StoxMarket get access to the popular trading platform from Panda. This trading software gives you more than 100 of the popular underlying assets for binary options trading. Returns on the High/Low type options are usually around 81%, plus they have available the One Touch and Range Binary Options. High frequency traders will find the Hyper Options which come is short term time frames of: 30 seconds, 60 seconds, 2 min, 5 min & 10 minute options. Forex traders at StoxMarket have access to MetaTrader4 and the Panda web trader. There is a wide variety of CFD listing on many assets.
Account Types at StoxMarket show that smallest account size requires a minimum deposit of $1,000. This seems high, but most people are using an automated trading software which got them in the door for only a $250 deposit.
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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