August 7, 2020

STO Review 2020 – Is STO Scam or Legit Broker?

sto review

Regulators: FCA, CySEC

Cryptocurrencies: YES

Minimum Deposit: $100

Maximum Leverage: 1:30

Spreads: Low

My Score: 6.1

Hello everyone! I will let you know concerning the STO forex broker now. Sto is an internet trading forex CFD broker, offering its customers a great number of means to trade online stores.

STO is a branch of AFX Group based in ’09 and launched its operations this season. STO is your trading name of AFX Capital Markets Ltd and AFX Markets Ltd.

They have offices in a number of the planet ‘s leading financial centres like London, Milan, Limassol, Shanghai and New York.

I shall provide you all of the important points in regards to the broker in this STO review. As an instance: Is STO regulated? What are all the account types offered by STO? Which are the spreads, minimum deposit, and maximum leverage? Is STO scam or dependable forex broker?

Regulation of STO

STO and AFX Group are trading names of AFX Markets Ltd and AFX Capital Markets Ltd. AFX Markets Ltd is approved and regulated by the Financial Conduct Authority (FCA) FRN: 560872.

The registered office for AFX Markets Ltd Is-33 Sun Street, Second floor, London, UK, EC2M 2PY. Company Number: 07612002.

AFX Capital Markets Ltd is licensed and regulated by CySEC, license no. 119/10and registration no. 253014.

Both FCA and CySec are legal regulatory authorities, apply strict conditions for financial services providers.

For example, UK-regulated brokers must have partially 730 000 and Cyprus-regulated ones – 1,000,000 in order to show their financial equilibrium.

Beyond law STO helps to ensure that its customers ‘ account balances will not drop down from zero, holding a positive balance in their trading accounts. Its clients’ funds are guaranteed through the Financial Services Compensation Scheme (FSCS) and the Investor Compensation Fund (ICF).

Account Types and Spreads

STO provides its customers five distinct account forms which called STO Classic, STO superior, Pro, VIP, and also AFX Fast.

sto account types

You are able to pick from 5 varied accounts type s and implement your trading technique. They all offer tight spreads, speedy implementation, no or low commissions and 24/5 multilingual support.

The Classic consideration necessitates $100 minimum deposit for CySEC-regulated kinds and $200 for its FCA-regulated kinds.

Spreads are out of 1.6 pips, so there isn’t any commission and also optimum leverage is 1:30.

STO Premium accounts necessitate a $2000 minimum deposit for each customer. Spreads are in 0.4 pips commission 2.5 USD each 100 000 USD traded. The most leverage is 1:30.

The Pro accounts are to get professional traders that have undergone. It needs 10,000 minimum deposit. Spreads are in 0.3 pips commission 2.0 USD each 100 000 USD traded.

The best leverage for most retail client account types is put to 1:30 based on the underlying tool of this CFD.

Trading Platforms

The broker supplies two strategies. One is the very widely used trading platform MetaTrader 4. One other person is its platform AFX fast.

The MT4 supports automated plans, has a broad back-testing environment and supplies numerous technical analysis applications. It’s a userfriendly interface, higher-level chart tools plus more.

STO’s proprietary AFX Fast platform provides minimal degree forex without a coping room intervention.

Trading Instruments

STO provides various trading services and products for example Forex, indices, metals, and petroleum, equities, cryptocurrencies, and even bonds.

Metals include golden, palladium, silver, silver. Crypto Currencies are all Bitcoin, Ethereum, and Litecoin.

Payment Methods

STO provides multiple financing techniques to pick from in an effort to deliver its customers access to an optimal, convenient trading encounter.

There are many different payment procedures. These are Visa, Mastercard, Visa Electron, Skrill, Przelewy24, CashU, WebMoney, Paysafecard, Neteller, Qiwi, Wire Transfer.

This lets its clients to finance their own account together with whatever payment method is the most suitable for them. Beyond that, the broker provides multiple monies to deposit including EUR, USD, GBP, and PLN because of its own Polish Clients.

Deposit

Not only are you going to obtain admittance to the newest offers including EAs along with VPS services whenever you deposit however you may even have the ability to select from the broker’s sizable assortment of account with an assortment of trading requirements.

Withdrawal

You always have the option to withdraw funds anytime simply by asking the appropriate volume. The withdrawal procedure is fast and simple. In the event of a delay, then you are able to contact our 24/5 support for additional information and assistance.

Conclusion

STO is a regulated forex broker run by an international group. The broker provides good trading requirements such as spreads and the minimal deposit.

If you’re on the lookout to have a much better forex broker, you’ll discover it in my very best forex brokers list above this particular page.

STO

6.2

Trust

7.0/10

Commissions and charges

6.0/10

Customer Service

5.0/10

Platform & Tools

6.0/10

Product Portfolio

7.0/10

Pros

  • Strong regulations (FCA,, CYSEC)
  • MT4 endorsed
  • Wide Assortment of repayment procedures

Cons

  • Not governed broker
  • Registered Off-shore