StoxMarket is an offshore Forex broker that has been operating for a few years.
StoxMarket is owned by Marketier Holdings Limited, located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands. Their contact phone number in United Kingdom is: +(44) 330 027 1569, and customer support email is: firstname.lastname@example.org.
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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 MetaTrader4 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 $175 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 $1,000. This is very high, but most people are using a trading robot, so they only deposit $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 Forex 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 FCA, ASIC, or CySEC.
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.
Compare Stox Market
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Try a Free Demo Account, on their awesome trading platform, signup here.
Warning from ASIC Australia
“ASIC urges all investors considering trading in Forex to check they are dealing with an entity that holds an Australian financial services licence.”
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