StoxMarket is closed.
StoxMarket is a broker that promises to offer a great selection of financial instruments, however, this StoxMarket review will be based exclusively on binary options they offer. StoxMarket, established in 2013, also promises one-on-one approach that will make every trader feel special.
StoxMarket is owned and operated by Marketier Holdings Limited and Profitier Ltd. Our StoxMarket review will introduce traders to all aspects of binary trading with this interesting broker, including features, software, customer support and banking possibilities.
StoxMarket Robot Trading Features
Our StoxMarket review showed how this broker claims to take trading very seriously and gives traders an opportunity to select a trading account that suits them best. However, it is important to mention that higher deposit limit may mean how StoxMarket is a broker oriented towards more experienced traders. StoxMarket traders can choose between four different accounts: one demo account and three real accounts. The customer support informed us how traders can start trading with the minimum deposit of $250, but that doesn’t include a special package of additional services and benefits.
StoxMarket Demo Account
StoxMarket demo account is an account that offers virtual money. With demo account, traders can test out the broker’s platform without any risks. Demo account is offered immediately after registration and traders should definitely accept it. Once they create the demo account, traders get a special username and password and should select ‘Binary’ and not ‘Forex’ account.
StoxMarket Silver Account
Silver account with StoxMarket requires a minimum deposit in the amount of $1,000. For this price, traders get daily research results and introductory live trading account. They can also enjoy mobile, desktop and tablet platform and a number of video tutorials. Traders who want to know more can enjoy seminars and webinars or simply ask general account manager for an explanation. News and signals are delivered via SMS, and traders also get results of analysis.
StoxMarket Gold Account
StoxMarket Gold account is available after $5,000 deposit. This is described as pro account for advanced trading. Traders who opt for this account get additional learning materials and special advice by the account manager.
StoxMarket VIP Account
StoxMarket VIP account requires at least $20,000 which makes it designed for very successful and advanced traders. Traders get even more educational opportunities and better trading conditions if they become VIP.
StoxMarket Trading Software and Assets
StoxMarket supports binary options trading on Panda TS platform. StoxMarket review noted that this broker’s platform offers a pleasant overview of the entire trading process. For example, the big chart placed in the middle of the trading interface leaves little to no room for mistakes when used properly.
StoxMarket supports several different types of binary options trading. Traders who take binary trading seriously can consider combining all binary options types. StoxMarket supports
- Hyper (Turbo) options
- One Touch
- Range Options
When it comes to assets, StoxMarket review noted that this broker is based mainly on currency trading. From other assets, only gold is supported, in the category of commodities.
StoxMarket Support and Services
One of the most important characteristics of each broker is customer support. Good customer support is traders’ best friend, after all. StoxMarket review noted that this broker has customer support that delivers what is promised.
StoxMarket can be reached via live chat, which is the most convenient option. Both times we contacted the support, an agent replied within a reasonable time. Traders who don’t feel comfortable chatting can use email, online form or email as a preferred way of communication.
The StoxMarket website is available in English, Russian, Arabic and Italian. However, good news is mentioned same languages are available on trading platform as well. Additional languages like German, French or Spanish would be more than welcomed.
StoxMarket review showed there are many educational materials waiting for traders who want to learn more and increase their knowledge of binary markets. Traders can use eBooks, Glossary, FAQ section and demo account to make sure they are trading binary options the right way and avoiding some basic mistakes.
StoxMarket Withdrawal and Company Info
As already mentioned in StoxMarkets review, this broker is in the ownership of Marketier Holdings Ltd, and Profitier Ltd. This is an unregulated broker.
In order to trade with StoxMarket, traders have to make a deposit in the amount of $250. Traders who make a profit and want to request a withdrawal must count on $250 minimum. This is a bit higher than with other binary brokers.
StoxMarket review showed that there are no fees for either depositing or withdrawing via bank wire, however, the broker reminds traders that banks and credit card holders may charge different fees according to their policy. Credit card withdrawals have a fee in the amount of $5.
When it comes to banking methods available with StoxMarket for depositing and withdrawing, there is only a limited number of them and there is definitely some space for improvements. Traders can use bank transfer or credit cards for their transactions towards broker. These two methods are quite reliable, however, e-wallets are preferred among traders nowadays. They are convenient, fast and reliable, without hidden fees that often occur when credit cards or bank wire is used, as everyone wants their part of the cake.
Withdrawal requests are usually processed within 5 to 7 days which is a bit longer than expected. Also, withdrawal can be received only on the same bank account or credit card that was used for depositing. In case the initial deposit was done over 120 days ago via credit card, the broker can send funds via wire transfer. Clients are also obliged to provide all necessary documents, requested by the broker, according to the terms and conditions. StoxMarkets is also reminding traders that some credit cards may not be accepted, due to the financial institution behind them. Alternatively, a bank transfer can be still used.