Sponsored By
de | cn | ru

StockSTP Review - Is it scam or safe?

StockSTP Review - is stockstp.com scam or good forex broker?

RATING: 3 / 4 REVIEWS StockSTP
FIND BETTER FOREX BROKER

RECOMMENDED FOREX BROKERS


Trading Accounts

 

Account type   Minimum deposit  Minimum trade size Maximum leverage Spreads (Commission) Execution
STP FIX Mini $100 0.01 1:200 2.0 pips, fixed Instant
STP FIX Premium $3 000 0.01 1:200 1.7 pips, fixed Instant
STP Pro Mini $500 0.01 1:200 From 2.4 pips Market
STP Pro Premium $3 000 0.01 1:200 From 2.1 pips Market
ECN Classic $1 000 0.01 1:200 From 0.8 pips + $20 Market
ECN Advanced $5 000 0.01 1:200 From 0.8 pips + $6 Market

 

StockSTP offers a myriad of account types, grouped in three categories: STP FIX, STP Pro , and ECN. its clients may choose between fixed and variable spreads, market or instant execution, commission-based or commission free trading, etc. All of them offer leverage up to 1:200 and micro tradeable lots on both MetaTrader 4 and Sirix platforms.

 

Besides, the brokerage offers VIP account services on all basic accounts - STP FIX, STP Pro and ECN.

 

The Company. Security of Funds

 

Company

Country

Regulation

Leverate Financial Services Ltd.

Cyprus

CySEC

 

StockSTP is a broker, offering wide range of financial products, including various currency pairs and a wide range of CFDs on indices, stocks and commodities on two trading platforms.

 

StockSTP is a brand of Leverate Financial Services Ltd., a well-known provider of software solutions for the forex sector. In fact, Leverate has developed the Sirix trading platform. as well as a social trading platform, integrated into it. It also operates Vinci Capital Markets (VinciCM) brokerage brand.

 

Leverate is headquartered in Cyprus, Limassol, and has offices in Tel Aviv, Hong Kong, Kiev, Shanghai, and Berlin. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

 

CySEC applies certain requirements to license holders and sees to the compliance with the rules set. For instance, customer funds must be held in segregated accounts. Besides, the Commission requires forex brokers to hold at least €730,000 as a proof of good financial standing.

 

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which can pay compensation to its covered clients up to €20,000, in the event a regulated broker becomes insolvent or ceases trading.

 

Moreover, every CySEC-regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services in every EU Member State.

 

Trading Conditions

 

Minimum Initial Deposit

In order to open an account with StockSTP, traders have to invest a minimum of $100, which is a reasonable amount to start with. For instance, leading brokerage easyMarkets also requires $100 from its clients as a start.

 

Spreads & Commissions

StockSTP offers both fixed and variable spreads, which vary by account type. Unfortunately, floating spreads appear comparatively high (above 2 pips on EUR/USD). Fixed spreads on STP FIX Premium account types are quite attractive, fixed at 1.7 pips for the EUR/USD pair, while most fixed-spread brokers offer 2 pips spreads for this pair.

 

easyMarkets, however, offers spreads fixed at 1 pip on EUR/USD, accessible with an investment of just $250. For further information and comparison, you may look up real-time spreads of 15 leading brokers here.

 

Leverage

The default leverage offered by StockSTP is 1:50 – in line with the latest regulations by CySEC. The maximum leverage provided by the brokerage is 1:200, which is average. However, many Cyprus-based brokers offer higher leverage levels - for example, easyMarkets offers leverage up to 1:400, and XM - up to 1:888.

 

For more information, you can check out a list of brokers, providing leverage equal to or exceeding 1:500 here.

 

Trading Platforms

 

Like most brokers, StockSTP supports the MetaTrader4 (MT4), as well as Sirix.

 

MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.

 

The Sirix platform, developed by the company behind the StockSTP brand, is simple and easy to use. It is equipped with advanced charting and one-click trading, seamless social trading options

 

StockSTP’s Sirix web platform. Click to enlarge.

 

Methods of Payment

 

Payment methods available to StockSTP clients are quite limited: credit/debit cards, bank wire transfer and e-wallets Skrill & Neteller.

 

Conclusion

 

StockSTP is a well-regulated forex & CFD broker that supports two robust trading platforms and offers reasonable trading conditions. To sum up the above, here are the advantages and drawbacks with regards to this broker:

        

Pros  Cons
Well-regulated High variable spreads on commission-free accounts
Choice of trading platforms, MT4 available  
ECN environment available     
Part of the Leverage group  

 

Latest news about StockSTP
No news about StockSTP . Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa CySec, FSCA, FSC MT4, MT5, Web $5 Review Website
Cyprus CySEC MT4, Web $25 Review Website

Traders` reviews for StockSTP

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

STP Brokers is Scam

I have invested money in STP, after 7 months i would like to withdraw partially for family commitment. The broker named Peter Kivi was communicated with me frequently and i believed him and invested. Recently he sent a mail and told the stp brokers will not refund the money to the investors. The website looks fine. But after i place a request to withdraw. As per the Peter another guy called and asked to transfer the fees. Both are scammers. I would like to make a complaint on both of them and STP Brokers. So if anybody called from these brokers, please do not invest. Both are scammers.

Govind 08/15/2018

Disgusted with StockSTP this morning! It looks like they are a scam after all.

I woke up this morning to look at my trading screen with StockSTP and they have closed EVERY open trade. There has been no notice, no explanation and I have lost virtually all my investment. I was promised, if I invested a decent sum of money, they would double my money in 3 months. It is a risk I know but I followed their instructions and invested as they instructed me to. Every trade on my account was at their direction or made by their trader directly. How can they do this? I thought they were regulated and reputable and I investigated them before investing. I have emailed them twice now to complain and ask for an explanation. No response so far! I will try to raise a companint with CySEC if things are not restored.

Neil Charrington 03/23/2018

I rescind my email to you dated 06.06.2017

I would like to withdraw my complaint about Jim Atkinson. He is working with me now to my full satisfaction, so please delete my previous comment.
Reidun Hanserud

Reidun Hanserud 09/19/2017

StockSTP is Scam

I have been trading with Natalie Hooper and mostly with Jim Atkinson. He has kept promising me money for a long time, but always there is "two days", "max three days", "On Monday you will have more than 55%". But on Monday last week he was unavailable on Skype. I've kept telling him that I desperately need my Money asap, because my creditors are threatening legal action against me. He has said that my money is safe, but that doesn't help me if he doesn't send it to me.
Reidun Hanserud

Reidun Hanserud 06/06/2017
de | cn | ru