Stocks24, located in Cyprus, is one of the main regulated brokers in the CFD and Forex markets.
The company was founded in 2019 and since then Stocks24 has expanded the range of services provided and has focused on developing and implementing innovative approaches to trading.
The Stocks24 Group is made up of several companies, including:
- Stocks24 Cyprus Limited - Forex and CFD broker regulated in Cyprus, is licensed by CySEC
- Stocks24 CORP. - Forex and CFD broker regulated in the British Virgin Islands, has a BVI FSC certificate. The company has a Professional Indemnity Insurance with AIG EUROPE LIMITED.
Stocks24 offers its own Xtrading trading platform, as well as the most popular MetaTrader 4 and MetaTrader 5 platforms.
Stocks24 offers its clients the following trading accounts: Beginner NetTradeX, Standard NetTradeX, Micro MT4 and Standard MT4. By opening a Demo account, you can make a deposit of a very small sum, from $ 1 to $ 2500. The leverage offered for these account types is up to 1: 300.
Opening a standard account on Xtrading or MetaTrader 4 requires an initial deposit of $ 1000 and the leverage offered is up to 1: 200. Traders can open accounts in USD, EUR, or JPY.
When the capital of the Demo account reaches the maximum allowed amount of $ 5000 or exceeds it, the opening of new positions will be automatically suspended. To continue trading, the client must change the account type to Standard or withdraw excess funds to decrease capital to $ 2500 or less.
There is a demo account available for any of the three platforms and clients belonging to the Islamic religion can open Islamic Trading Accounts, where Swaps are not calculated.
Stocks24 has a number of unique features that make it stand out from other brokers. One of the most important features of Stocks24 is that it provides a unique opportunity to create and trade a broker's new financial instruments (PCI) from a variety of available assets.
Stocks24 offers fixed and floating spreads that give traders the opportunity to choose the one that best suits their trading strategy. Another important and significant feature of Stocks24 is that it offers up to 1:40 of leverage for stocks.
There are so many widgets on IFC Market that it is difficult to list them all. They include the following: Live Price, Currency Converter, Live Quotes, Market Sentiment, a 3-in-1 widget, and more.
There are also several partnership possibilities, such as brokers and other professional partners, which is a universal partnership program specifically for active Internet users. Anyone who has a personal website or blog and considers himself a webmaster can use Stocks24 new opportunities to generate income.
Stocks24 clients receive a wealth of educational material on financial markets. They also provide their customers with a daily overview of the market. The weekly market analysis is presented in the form of video, while the Market Sentiment is published on a weekly basis, the Technical Analysis and Market Data, including Price History and Live Charts, are published on a daily basis.
Stocks24 has recently added an analytical tool called Stocks24X user Gainers and Losers, which immediately calculates market movements. Provides 10 instruments that show the largest increase and the largest decrease over the selected time period (up to 1 year). Traders can calculate profit and loss based on the selected group of instruments: Stocks, Currency Pairs, Precious Metals, Indices, Pimas, Gold Instruments, ETFs, PCI Library. A new analytical article based on this tool is published once a week.
Additionally, there are lengthy text articles on a variety of topics, including a full series on portfolio trading and one on spread trading. Articles in the Our Innovations section include concepts such as the Portfolio Quoting Method, Pair Trading, and more.
An Economic Calendar with Global Financial Events and the different time zones are available and highly detailed.
Several calculators complete the broker's instructional material. These include a currency converter, a profit/loss calculator, and a margin calculator.
Deposits - Withdrawals
Deposits can be made via bank transfer, bank cards, WebMoney, Skrill, Neteller, OKPAY, China UnionPay, MybitWallet, and Unistream.
Withdrawals can be made via Wire Transfer, WebMoney, Neteller, Skrill, OKPAY, China UnionPay, MybitWallet, Unistream.
Stocks24 provides highly qualified customer support in 18 languages. Traders can contact Stocks24 via email, live chat, callback, Skype, phone, WhatsApp, and Telegram. Customer service is available 24/5.
The Frequently Asked Questions section is divided into four sections and all questions not listed here can be directed to the support representatives using any of the contact methods mentioned.
The Stocks24 website is one of the busiest sites I have ever reviewed. It's packed with charts, reports, and theme possibilities. Education seems to be a big concern as the list of supplies is extensive and at an advanced level. The choice of trading accounts is small but adequate and it is good to see that there are several demo accounts. Overall, this broker seems to offer everything a trader needs in a clear and user-friendly way.
There are many outstanding features at Stocks24 including a variety of educational offerings including textual lessons, videos, technical and fundamental analysis, weekly and daily market reviews, calculators, widgets, and more. The website is always busy and available in many languages. The Broker offers two strong MetaTrader platforms, as well as an interesting broker-owned platform, all trading platforms offer a free demo. I did not find any kind of bonuses or promotions that are always interesting and help attract new customers.
The MetaTrader 4 trading platform is the most popular trading platform among traders and almost everyone is familiar with the distinctive features of Meta-4. By using MetaTrader 4, investors and traders on the trading platform will have the opportunity to use software trading, allowing them to develop their own indicators.
Both platforms can be used on Windows, Mac OS, as well as mobile devices with iOS, Android operating systems. Mobile trading applications can be downloaded from the Play Store or Google Play.