Stockscale io Review- fresh brokerage in the industry
Stockscale forex broker is a new brokerage company that was founded in 2021 and is registered in British Virgin Islands. They don’t have a big experience in this industry yet but still, they offer some important services including Forex, Crypto, and CFDs trading for people from different parts of the world.
They claim to have low spreads and high leverage. Because they just started operating in the financial markets, there are very few reviews and client feedback about the company. Probably this is the reason why many start to hesitate whether Stockscale is really a trustworthy company or not.
The country where the company is located gives brokerage companies a chance to get a license way more easily than in the other countries, especially in Europe. So, the fact that the company still doesn’t have any kind of authorization or the license gives people a valid doubt that the scam is real. However, their offering to the consumers is quite generous so in this Stockscale Review, we will discuss all the other worthwhile features this company has.
What does Stockscale io Offer ?
It’s important to note that the company has only one account type to offer for their clients. The minimum deposit is 5000 USD and the maximum leverage is 1:400.
In terms of the Stockscale Accounts, as we have already mentioned.
Account Types
StockScale offers three main types of accounts: Micro, Standard, Gold and one special accounts for the large investors that require tailor made trading conditions. All trading accounts share similar features, such as leverage; number of assets to trade; scalping or negative balance protection, however there are some differences also.
Which account is best suited for you?
TEST
StockScale Micro account is the ideal type for beginners. A zero-commission account available on StockScale trader platforms, with spreads from 4 pips.
Standard
StockScale Standard Account differs from the Micro account mainly on the spreads and leverage. Given the low spreads, the starting deposit is higher at $25000 (or equivalent on other currency).
Pro
This account is for the traders that tend to open longer positions and need a larger account to facility many larger open positions with other margin requirements. Additionally, traders that use the scalping or hedging strategy will be best served by this account.
Overview
| FOR BEGINNERS TEST | FOR ADVANCED TRADERS STANDARD | PRO | VIP | |
|---|---|---|---|---|
| Minimum deposit | $5,000 | $25,000 | $100,000 | $250,000+ |
| 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 |
| Execution type | Instant | Instant | Instant | Instant |
| Quotation (number of marks after point) | 5 marks | 5 marks | 5 marks | 5 marks |
| Leverage | 1:100 | 1:200 | 1:300 | 1:400 |
| Margin Call Level | 40% | 40% | 40% | 40% |
| Stop Out Level | 30% | 30% | 30% | 30% |
| Trading platform | all devices | all devices | all devices | all devices |
No matter your skill level is, Stockscale.io offers a complete set of tools to help you reach trading success.
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 you can choose from 4 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.
We can see on the company’s website that each section has recommended minimum deposits, which is:
As it seems, Stockscale FX offers their services not only to professionals but to beginner traders as well. Stockscale FX uses one of the most innovating and intuitive Trading platforms which makes all these things possible. This Trading Platform has a comfortable interface and flexible features that satisfy every kind of crypto lovers needs.
Trading Platforms
They combine the world’s most innovating and intuitive trading platform.
With the StockScale trading tools and all the support you need to trade your towards your full potential. Experience the world’s most popular online trading platform.
Simple to use and full of functions like charts, price alerts, custom indicators and analysis tools. The Stockscale Trading platform is the smart choice for online traders looking to hone their trading skills. Simple for beginners and full of advanced tools for pros, the trading platform helps you unlock new trading opportunities.
Trade on mobile, PC or Mac
- Monitor and modify trades with ultimate flexibility
- Get real-time pricing and charts
- View the latest trends and market updates
- Access all the major trading markets
Platform on all devices
Stockscale Webtrader
StockScale Webtrader gives you access to your StockScale Trading account from your web browser.
Rich in features but optimized for lightweight web-based performance, our Webtrader gives you comprehensive functionality with added flexibility to trade from any internet browser, on any device.
Stockscale Android Trader
Use the world’s most innovating trading platform on the world’s most popular smartphone operating system when you open the platform on your Android phone you can access all the major features, with flexibility and portability.
Stockscale iPhone Trader
Optimized for the iOS operating system, the iOS trading platform offers the ultimate in style and flexibility for traders wanting to combine the features of the trading platform with the convenience of mobile trading on their iPhone and iPad.
Stockscale PC Trader- With high performance and a full suite of features, experience online trading the way it was meant to be with the Stocktale PC Trading platform.
Regardless of the device you will have the following benefits.
Ultimate flexibility-Â Sign in once and access your StockScale trading account from anywhere.
Full market coverage-Â Access 350+ trading products: Forex, Commodities, Share CFDs, Indices, Cryptocurrency CFDs & more.
Live pricing -Keep a close eye on the market action with real time pricing.
Monitor & modify – Need to change a trade? It’s as simple as swiping your screen!
Real time charting –Â Choose how you view market data with live charting options.
Latest updates – Follow the latest trading trends with automated news updates.
Stockscale withdrawals & Fees
They use the Wire Transfer method which requires about 6 days until it is processed. The company also says that there are no fees on deposits while using debit card payments or in the case of Bitcoin depositing. According to the Stockscale forex brokerage, there might be other fees while using alternative methods of payment, however, it is incomprehensible what exactly those other methods are.
The company’s withdrawals time period is the following:
- Credit Card: 3-6 business days
- Bank Transfer/ Wire: 3-6 business days
- Bitcoin: 1-3 hours
For some people, this time period might seem too long as the other brokerage companies offer faster ways to withdraw money.
Conclusion of the Stockscale ReviewÂ
Stockscale is a freshly founded company in the financial market that is trying to catch up with the modern standards of the industry. Even though the brokerage doesn’t have a big experience in this field yet, they still offer customers some important services that are essential for not only beginners but professionals as well. So, despite some disadvantages, this company has a big for the future so we recommend them for all kinds of crypto world members.
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.