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
Leverate Financial Services Ltd.
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.
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.
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.
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
Methods of Payment
Payment methods available to StockSTP clients are quite limited: credit/debit cards, bank wire transfer and e-wallets Skrill & Neteller.
StockSTP is a well-regulated forex & CFD broker that supports two robust trading platforms and offers reasonable trading conditions.
StockSTP Review Conclusion
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