Stockscale Review Forex Broker |
is Stockscale.io a good broker to trade with and do they offer enough to be an options
Table of Contents
Stockscale Review Forex Broker |
Stockscale was founded in 2022. The broker offers access to trading forex, commodities, stocks, cryptocurrencies, precious metals and indices. After a solid start and soft launch to perfect the company’s protocols and working methodology the company developed further and grew stronger by combining years of experience with expertise and the proven development of Stockscale.io is slowly becoming well-established within the industry.
Stockscale provides ultra-fast execution and cooperates with Multiple liquidity providers.
Stockscale.io account types
Does Stockscale offer Different Account types ?
This broker offers STP. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Stockscale is up to 1:200. Meanwhile, you can open an account with a starting capital of $5000
The size of your initial deposit determines which tier your account belongs to, as well as which benefits are available to you.
You can shift your account to the next level by increasing your deposit amount.
With Stockscale.io you can choose from 3 account types designed with you in mind. Examine their major components and requirements, consider all the pros and cons, and select the one that meets all your investment goals.
If you want to look for further information about this broker’s offered account(s), please take a look at the list below.
|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|
Does Stockscale offer an Islamic Account ?
To cater to their Muslim clients, they offer Islamic accounts to comply with Sharia Law.
A Forex Islamic account, also known as a swap-free account, allows our Muslim clients to hold their positions overnight without incurring any swap or rollover interest. They can enjoy the competitive trading conditions of Stockscale fuss-free. We offer them the same account types – BEGINNERS, STANDARD, PRO.
Their Islamic accounts function just like our regular account types. The only difference is that Islamic accounts have no swaps.
Opening an Islamic account with Stockscale.io is a pretty straightforward process. Their dedicated Client Support team will process your account within 1 business day. A confirmation will be sent to your email once done. All succeeding trading accounts opened by you at Stockscale.io will be automatically considered swap-free.
How do I open an Account and submit the KYC with Stockscale?
Opening an account with Stockscale is relatively easy and easy. First, clients must register basic details such as name, surname, date of birth, phone number, and email. Then they must authenticate their account. For that, you must submit the following documents:
- An updated utility bill or bank statement.
- Government ID, passport or driver’s license.
- Stockscale.io will verify the documents quickly and all you will need to do after is just fund your account and you can start trading.
Stockscale Trading Conditions
Stockscale spreads and leverages depend on which account you choose, depending on what instrument you choose the leverage will be implemented. For example, forex and cryptocurrencies have different leverage.
What Payment Methods does Stockscale.io offer?
Stockscale.io accepts various methods for depositing and withdrawing funds, such as wire transfers (local and international), credit card and debit cards, Bitcoin.
Wire transfer: Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method in their service. The reason is wire transfer is basically a traditional transfer between banks worldwide. So, this method is guaranteed its safety. This really helps traders who avoid third-party payments or don’t have credit cards.
The withdrawal time depends on the method you choose will bank transfers will take 2-3 business days while card withdrawals take 3-5 business days. Withdrawal requests will get processed on the same day( if they are received in the morning. Requests later in the day might not be processed until the next business day.
Deposits and withdrawals must be made from and paid to the same individual as the trading account holder as no third-party payments are allowed;
Which Trading Platform does Stockscale have?
A trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, a price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades.
Hereby, Stockscale.io offers an innovative trading platform developed by Easytech. This platform is extremely intuitive and easy to work with while packing some powerful tools.
The platform comes with plenty of analytics tools and multiple timeframes. There is a built-in library with technical indicators.
This is a fantastic platform for new traders as it’s very straightforward and easy to use. The interface is sleek and user-friendly; the software is highly compatible and does not overpower the PC when in use.
The platforms are available as downloadable software, on browsers and mobile. Stockscale.io accepts scalping and hedging.
What can you Trade with Stockscale?
Stockscale offers a large range of financial instruments across five asset classes:
- Forex: Major, minor and exotic currency pairs.
- Commodities: Stockscale.io offers various commodities for trading like WTI Oil, Silver and Gold.
- Indices: Various global indices such as the S&P 500, Dow Jones Industrial Index (DJIA), NASDAQ, Hang Seng, Shanghai Composite Index, Nikkei 225, DAX, CAC and the ASX 200.
- Cryptocurrencies: Bitcoin, Ethereum, Ripple and Litecoin are available for trading.
- Share CFDs: Global shares of large public companies for trading as Contracts For Differences.
Trader Education Tools
Stockscale offers various trading tools for both beginners and experienced traders; the broker offers its clients a full range of educational resources which is powered by a strong educational department that regularly updates its website.
The team publishes regular trade analysis and reviews, industry news, specialized courses as well as a wide range of professional education and research resources.
Stockscale Customer Support
Stockscale customer support team has shown till now impeccable service. since this is a new brokerage we have to see how this plays out in the future and we will update the review accordingly but at this time everything seems to be running smoothly
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. Concerning margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that these products’ methods, techniques, or indicators will be profitable or will not result in losses.