Launched in 2013, StoxMarket is an oline CFD and forex brokerage run by InOut Capital LP, whose address is Suite 2, 5 St. Vincent Street, Edinburgh, Scotland EH3 6SW. A Swiss telephone number, +41-4-3333-8882, is listed and the email address is given as [email protected]. The owner appears to be Marketier Holdings Limited, located in the Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands.
The site is currently available only in English.
StoxMarket employs the Metatrader 4 (MT4) platform but allows the client to decide whether to use the desktop, tablet or mobile version. MT4 is the most widely used trading platform in the market, bringing forex, commodities and indices together with world leading trading technology. MT4 combines a basic interface suitable for the beginner with advanced features demanded by the seasoned pro.
MetaTrader 4 also offers Virtual Private Server (VPS) technology to simulate a standard physical server via cloud technology. The major benefit of VPS is that it provides traders with continuous connectivity 24 hours a day, eliminating the possibility of connectivity delays and interruptions. The VPS also provides traders who travel to access their accounts from anywhere around the world. Nonetheless, the legal page states that “there are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection.”
StoxMarket guarantees a safe and secure internet environment by using 2048-bit encryption across the entire website, which also deatures an embedded true-site identity seal. The company uses COMODO Secure to prevent credit card fraud and identity theft. All funds are held in top-tier European banks, and accounts of clients from Europe, the Middle East and Canada are completely segregated.
Four types of options are available:
- Classic, with a $1,000 minimum deposit
- Gold with a $10,000 minimum deposit
- Platinum, with a $25,000 minimum deposit
- Vip, with a $100,000 minimum deposit
Each has its own conditions.
Before they start trading, clients may open as many demo accounts as they wish in order to become acquainted with the platform for as long as they need to do so. Screen sharing demos of how to use the software are available. More experienced traders can also take advantage of the demo accounts to better understand trading conditions, pricing and market symbols. Back-testing and both manual and automated strategies are all supported. The demo accounts can be accessed 24 hours a day, five days a week.
Certain bonuses may be granted. If so, the trader should be aware that the terms and conditions stipulate that the “company reserves the right to amend, vary, extend or discontinue the provision of any bonus at any stage, for any reason according to its sole discretion,” which means there is no guarantee that a bonus will ever be payable to the client.
In addition, though it is standard procedure, the legal page ominously warns:
The company is and will, in no way, responsible to the trades executed or not executed, by the client. Traders are ultimately responsible for all of the losses suffered in their account. As a consequence, Traders should be prepared to lose all funds which they deposited used for Trading.
StoxMarket accepts most credit cards, including Visa, MasterCard, Barclays, HSBC, and CitiBank, and uses the 3-D Secure protocol in processing all credit card transactions.
StoxMarket provides a truly impressive education section brimming with twenty different courses, videos, tools, and e-books. It is also available in four languages: English, Russian, Spanish, and German.
In addition, the site features tools such as a real-time chart, daily news, market signals and charts, an economic calendar, and a calculator. Unfortunately, we do not see an FAQ page.
Customer support is available primarily through 24/7 chat, although an email address and telephone number are also provided.
StoxMarket is not a licensed broker.