By Franklin Smith
StoxDC Review
It is always a good idea to opt for a broker that has a few years of experience in the industry. When you start your search, you will come across new brokers that will offer really impressive spreads and low commissions to tempt you.
But, these could also be scams so you have to be wary of these options. The best bet is to choose a broker that has experience because it means you will be able to find reviews about their services and then make up your mind. In addition, you should also ensure that the broker is a regulated one because this also provides you an extra layer of security.
Both of these requirements are fulfilled by StoxDC, as the brokerage was established in 2012. Its founding company is a financial services firm called MCA Intelifunds Ltd., which is based in Cyprus.
Since it is a Cyprus Investment Firm, it is regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the most renowned regulators in the world. StoxDC has fulfilled all the required regulations and licenses needed to operate in the region, which means that people can sign up with the broker with complete peace of mind.
When it comes to the broker itself, StoxDC has done an excellent job in offering traders what they need for trading. You can find a horde of trading products to choose from and the broker has also adopted the latest technology trends to ensure traders can enjoy a flawless trading experience.
There are various account options provided and demo accounts are also offered for convenience. Check out some of the features of StoxDC to understand its suitability for your trading requirements:
The MT4 Trading Platform
Most of your trading experience with a broker depends on the trading platform they provide. StoxDC doesn’t do any experiments in this regard and has straight off offered the MT4 trading platform to its clients. You can find its desktop, web and mobile versions available with StoxDC. It is the top trading solution available in the market as it boasts a wide variety of tools and features that none others offer.
Whether it is charting tools, trading indicators or Expert Advisors (EAs), MT4 can do the job perfectly. It has a user-friendly interface, which makes it easier for beginners to use it and professionals can also take advantage of one-click trading. The mobile apps are available for both iOS and Android and are just as responsive as other versions.
The Impressive Array of Trading Products
The trading products offered by a broker are also important because it tells you which markets you can invest it. The more assets that are available, the more you can diversify your portfolio and keep your risks at a minimum. At StoxDC, you will find an impressive array of trading products available and this makes it easy for you to spread out your investment.
You will find more than 60 currency pairs to trade, 15+ indices, energies, soft commodities and precious metals. There are also more than 70+ stocks available at StoxDC and the broker has kept up with market trends by offering cryptocurrencies as well. Hence, the broker is capable of catering to all traders, no matter what market they want to invest in.
Easy Withdrawals and Deposits
Checking out a broker’s withdrawal and deposits methods is extremely important because you need to be able to add funds easily for trading and then withdraw your profits later on. With StoxDC, you will have no complaints as the broker has added a number of useful and popular methods for each. You can start with the easiest i.e. debit and credit cards and the broker lets you use your Visa, MasterCard or Maestro.
You can also deposit or withdraw via bank wire transfers, which might take a bit longer, but is quite convenient. There are e-wallet options also provided for convenience like Skrill and Neteller. The entire process is quick and doesn’t take a lot of your time, as long as your account is verified.
To verify your account, you have to follow the guidelines of the KYC (Know Your Customer) policy. This means submit proof of ID like passport, ID card or driver’s license and proof of address like bank statement or utility bill.
Unique Account Types
Like every other broker in the market, StoxDC also provides its clients with account types to choose from. The purpose of adding these options is to cater to different kinds of traders. You will have three options to choose from; Fix, Floating and ECN.
The accounts differ in several ways, starting with their deposit requirements. The Fix account can be opened with a deposit of $200, Floating with $1,000 and ECN accounts with $5,000. The leverage also varies for these accounts and is 1:400, 1:200 and 1:100, respectively.
The biggest difference in these account options is in the form of spreads. Fix account has fixed spreads and they are a bit on the high side at 2 pips minimum. The other two accounts have floating spreads with the ECN account also including commission.
The spreads reduce for the Floating account and are the tightest in ECN accounts. Demo account is also available, which gives you the opportunity of trying out the StoxDC experience before you open a live trading account.
Robust Customer Support Channels
Good customer support serves as proof about the legitimacy of a broker. StoxDC understands this and so they have friendly and prompt customer support options for their clients. You can reach customer support through various channels like email, live chat and phone and they can provide you with assistance in multiple languages.
Final Thoughts
The StoxDC website is quick and responsive and provides you easy access to everything you need. Their customer support is outstanding and the spreads, account options and trading products can help create a flexible trading environment for you. Thanks to its regulatory status, security is also no a concern, making it a good choice for starting your trading journey.