Looking for a broker? Finding a broker is not difficult these days because there are plenty of brokerages offering their services. It is finding a reliable and effective one that can prove to be a challenge.
The number of options can often make it confusing because it can be difficult to distinguish good ones from the bad. The same applies to StoxDC. A lot of people get confused when considering this broker and they cannot decide whether it is a good choice or not. The best way to determine this is by looking at what a brokerage has to offer and then making your decisions.
Introduction to StoxDC
Founded in 2012, StoxDC is a regulated and licensed broker that offers retail trading services in currency pairs, commodities, cryptocurrencies, stocks and indices across global markets.
The brokerage offers customers a wide variety of accounts to choose from, lets them open an account with a deposit of just $200, offers the MT4 suite of trading platforms and also enables them to enjoy flexible leverage and competitive spreads. All of these aspects, when combined together, can make StoxDC a very smart choice. Let’s take a look at them in detail.
StoxDC Special Trading Accounts
When you choose StoxDC for trading, you will be asked to make a selection from three account types. Every account provides a distinct package of advantages that are tailored to suit the needs and goals of different types of traders. Furthermore, it is possible to adapt each account to an Islamic account on request, which allows Muslim traders to also trade in international markets while remaining compliant with Sharia law.
Negative balance protection is also built-into these trading accounts, which protects customers from losing more than they have invested. A demo account is also available for 7 days that can be used as a practice account by traders.
StoxDC Trading Software Features
Choosing StoxDC ensures that traders are given access to the MetaTrader 4 platforms that are developed for web trading, desktop trading and mobile trading. The MT4 trading terminal is designed for easy use by newbies and experienced traders as well. It is currently the most popular trading platform in the world amongst retail traders and this is due to its unique features.
The desktop version of the MT4 needs to be downloaded and installed and boasts an intuitive and customizable interface. It comes with built-in user guides, 50 built-in technical indicators, advanced charting packages, trading signals, multiple graphical objects, trading across 7 time frames, built-in encryption protocol, algorithmic trading via Expert Advisors (EAs) and multi-lingual data and support.
The WebTrader MT4 platform can be accessed via the web browser as long as you have an internet connection. You can monitor 4 charts simultaneously, enjoy one-click trading, keep track of trading history, live rates and live market updates, real time analysis and news and open and close trades without any hassle.
As for mobile platforms, they can be used on Android or iOS platforms, have all execution modes and a user-friendly interface. They allow you to keep track of financial markets 24/5, check your trading history and practice one-click trading.
The beauty of leverage is that it allows traders to open much larger positions than they would be able to with the funds they deposit in their accounts with a brokerage. However, every broker offers different levels of leverage and you should ensure that the one you are choosing offers you the right amount.
StoxDC offers varying leverages to traders under different account options, which are 1:400, 1:200 and 1:100 respectively. Beginner traders are only permitted a leverage of 1:50 until they have made at least 45 trades over a period of four months consecutively. Once they reach this goal, they can get in touch with customer support to get more leverage.
StoxDC Payment Methods
There is a broad range of secure payment methods offered by StoxDC for traders. You can use your credit or debit cards, which include Visa, MasterCard and Maestro. E-wallets like CashU, Neteller and Skrill are also available. You can also add or withdraw funds through bank wire transfers, but withdrawals via this method will incur a charge of $20.
Also, while deposits don’t take a lot of time, withdrawals may need 3 to 5 days for processing. Your account also needs to be verified under the Know Your Customer (KYC) policy for your transactions to go through as this is a regulatory requirement and part of the security measures taken by the broker.
StoxDC Customer Service
You can reach out to customer support throughout the day at StoxDC via live chat in English. The broker’s website can be translated into several languages including Hungarian, Romanian, Turkish, Arabic and Italian.
You can get customer support in all languages over telephone, email and fax. There are several international phone numbers provided on the website that can be used to get in touch and you can also schedule a callback at a convenient time for yourself.
The above mentioned aspects of StoxDC all emphasize the fact that it is an excellent and reputable broker and considering their regulatory status and security measures, it is a very smart choice.