Stockscale review and ratings – Stockscale.io REVIEW
Stockscale is an offshore forex, CFD, and cryptocurrency broker established in 2022. They are incorporated in the popular offshore jurisdiction Charlestown, Nevis, West Indies. But unfortunately does not provide service to residents of the United States and a few other countries.
Stockscale.io Review | What Do you need to know about this broker?
- Leverage: 1:400
Min. Deposit: US$5000
HQ: Charlestown, Nevis, West Indies
Platforms: Desktop, web-based – Mobile
Found in: 2022
- Instruments: Currencies, Crypto, Indices, Stocks and Commodities
Stockscale Social Channels and Contact Information
STOCKSCALE COMPANY INFORMATION
Stockscale is a legally registered forex broker located in Nevis, West Indies, but not regulated by any government agency.
The company accepts deposits (and allow withdrawals) through different options including cryptocurrency. Stockscale accepts clients from all over the world excluding USA and some jurisdictions that are embargoed by the US.
Stockscale REVIEW OVERVIEW
Stockscale is an offshore forex, CFD, and cryptocurrency broker established in 2022. They are incorporated in the popular offshore jurisdiction St. Vincent and Grenadines, but unfortunately does not provide service to residents of the United States and a few other countries.
The broker distinguishes itself from other more traditional forex brokers by also accepting deposits and withdrawals in the popular cryptocurrencies bitcoin , thus offering nearly instantaneous deposits and withdrawals. It is, however, not regulated by any financial regulator, but this also means that the broker can offer higher trading leverage and has the flexibility to deal with cryptocurrencies.
Stockscale offers their clients more than 45 currency pairs to choose from, in addition to crypto CFDs on 5 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP). Other available trading instruments include CFDs based on popular metals, as well as oil, natural gas, and a variety of global stock indices.
For Forex, available leverage goes up to 1:200, and up to 1:400. As with other crypto brokers and exchanges, cryptocurrency trading with Stockscale is open 24 hours a day, 7 days a week.
Regarding trading platforms, Stockscale offers all clients access to its own proprietary trading platform Stockscale Webtrader. The platform is a browser-based online trading platform that offers access to markets with available traders favourite charts and tools, and seamless integration of trading platform and account management area.
Stockscale also offers its clients the choice between thethe standard web and mobile versions of the same platform. Stockscale Webtrader and Desktop platform offer a wider range of base currencies for trading accounts and more available cryptocurrency instruments.
Although trading fees do apply when trading with Stockscale , the fees are stated explicitly on the broker’s website for increased transparency. Deposits and withdrawals, however, have no fees.
There is a $5000 deposit required to get started with Stockscale . The company will also make sure that deposits are automatically credited to the client’s trading account after 1 blockchain confirmation.
MORE INDEPTH REVIEW OF STOCKSCALE FOREX BROKERAGE
Trading Platforms of Stockscale.io
Clients have access to an intuitive and easy to understand trading platform. The platforms are accessible on PC and Mac. They can also access the platform via Android and iOS devices as well as a web-based platform, which can be accessed via a modern web browser. With the platform, users have access to various charts and timeframes. Users also get access to numerous indicators.
Leverage and Trade Size at Stockscale
The maximum leverage on Stockscale is 1:300 for forex pairs. Leverage is the same on all platforms.
Stockscale supports micro-lots. The minimum trade lot size is 0.01 for all assets and additional volume setups. It comes with maximum lot sizes of 100 for FX major fx pairs and 50 for minors.
The Stockscale Trading Accounts all offers ultra-fast trade execution and some of the lowest possible spreads available and with NO commission.
All the accounts use the same trading model guaranteeing confidential trading, and access to a deep and diverse liquidity pool, including banking institutions as well as high frequency traders.
|FOR ADVANCED TRADERS
|Account currency||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP|
|Spread, pips||Fixed||Fixed & Floating, Variable||Fixed & Floating, Variable||Fixed & Floating, Variable|
|Quotation (number of
marks after point)
|5 marks||5 marks||5 marks||5 marks|
|Margin Call Level||40%||40%||40%||40%|
|Stop Out Level||30%||30%||30%||30%|
|Trading platform||all devices||all devices||all devices||all devices
Stockscale is transparent about the fees they charge. They even offer guidance on how to calculate commission on the different trading instruments. Commissions are usually charged at the opening of a trade. The broker also charges users a swap fee. The spreads are affordable and what you should expect from a new brokerage.
Stockscale Tradable Assets
On Stockscale , traders have access to five asset classes. The first is forex, which offers traders access to 50 fx pairs, including all majors, minors and some exotics such as the Scandinavian currencies with USD and EUR.
The final category is cryptocurrencies, which is the platform’s specialty. you will be able to trade the following cryptocurrencies.
XRPEUR, ETHUSD, ADAUSD, XRPUSD, BTCUSD, BTCEUR, LTCUSD, ETHEUR, LTCEUR.
Education and Trading Tools
There is limited educational material on the platform. However, the broker has a blog section and social media pages where they make regular updates. For instance, you will find articles on how commissions on the platform work and how swap rates work.
Customer service is available through support email and social media platforms like Facebook and Twitter. The website also allows clients to send a message with their enquiries, and the company promises to reply “as soon as possible within 24 hours.” The support team is available 24 hours a day, 5 days per week.
Customer support is further accessible via a customer support ticket. They include a help section where traders can get answers to the most common questions.
Most general enquiries are answered in the FAQ section provided, which ranges from questions about their trading platforms, to account management and login details, as well as technical questions about the swaps and spreads offered.
Stockscale is a unique broker with a focus on the retail trading industry. The setup up process is quick and easy and there are no complex requirements. Traders have access to the proprietary trading platform which offers everything a trader requires. In general, Stockscale is a great online broker for those in search of great spreads, fast execution time, and good industry ratings.
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Stockscale Trading Provider
Stockscale is a dynamic new brokerage that is able to offer any trader the right tools to get started. their offering in assets ( range of Market ) is sufficient for most traders as there are Currencies, Stocks, Indices, Cryptocurrencies and Commodities. they a new broker and while there is room for improvement , for now this brokerage is off to a healthy and solid start
- simply to understand trading platform
- Desktop, web-trader and mobile trader
- No restrictions on trading strategies
- Offers cryptocurrencies for Trading
- Fund account with Cryptocurrency
- not regulate by European entity
- No MT4 or MT5
- New in the industry
Assets to trade