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Reviewed broker: Stoxmarkets

Operated by Marketier Holdings Limited

Established in 2013

Location: Marshall Islands

Regulation: no

Note: There are several reports submitted by traders of possible scam - Metatrader manipulation, withdrawal problems

Trading instruments: forex, commodities, CFDs

Market execution: yes

ECN: yes

Currency pairs: 45

Account types: silver, gold, VIP

Demo account: available

Binary options trading: available

Trading platforms: Metatrader 4, Stoxmarket webtrader

Minimum deposit requirement: $1,000 (extremely high sum for such broker)

Payment methods: credit cards, CashU, wire transfer, paypal

Maximum leverage is up to 1:500

Spread types: fixed, floating

Typical floating spreads on majors start from 3 pips

ECN commissions: $8 per standard lot

Minimum trade size: 0.01

Educational material: daily briefing and analysis, video tutorials, webinars, sms news signals, premium daily analysis (gold and vip accounts), ebook, trading school articles

Customer support: email, phone, feedback form, live chat

Comments  

0 #5 hart 2017-09-02 14:34
I recently recovered my funds from this scam broker, I hired a solution professional. It was quick and efficient, glad im out of this loop hole. Happy to share my experience with others. chrishart6501at gmaildotcom
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0 #4 Manfred Schall 2017-02-10 12:44
Stoxmarket manipulates the Metatrader !

I had a managed account with Stoxmarket and – with an account of 6200 USD - made a withdrawal request of 3000 USD on Friday,27.01.20 17. On Monday 30.01.2017 between 3:31 h PM and 3:36 h PM I looked incredulously at my Metatrader as my account collapsed back to 800 USD.
What happened ? In the above time frame the Nasdaq fell „like a rock“ – and my account account manager made one buy trade after another. The first trade looked like this:

12665828
1/30/2017 3:30:56 PM
Buy
1
NSDQ-MAR17
5156.95000
0
0
1/30/2017 3:32:20 PM
5124.50000
0
0.00
0
-3245.00
In short:
Duration of the trade: 1 min24 sec
Loss: 3245 USD

Looking more closely I recognized after making a test trade that my Metatrader was disabled, Therefore these trades were virtual – for Stoxmarket, but real for me, because my account was reduced by 5400 USD.
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0 #3 SHAH 2016-12-06 16:42
I really had bad experience with them. they are not regulated, they offer you bonus and will not communicate terms and conditions. the amount you deposit you get equal bonus and will not be able to withdraw your deposit or profit made on deposit or bonus unless you fulfill terms and conditions. the account manager will try his best to wipe your account because they are market makers and your loss is their profit. i lost over 11500 Euros while trading with them. whenever you will try to withdraw they will offer you attractive upgrade so you keep your amount with them. they are scam and never trust them.
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0 #2 Alex75 2016-02-10 09:25
I like this company).
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0 #1 forexcp 2015-08-12 07:38
They are from Angula country.
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