Regulators: FCA, CySEC
Minimum Deposit: $100
Maximum Leverage: 1:30
My Score: 6.1
Hello everybody! I am going to tell you about STO forex broker today. Sto is online trading forex & CFD broker, offering its clients a multitude of ways to trade on the financial markets.
STO is a division of AFX Group established in 2009 and started its operations in 2010. STO is the trading name of AFX Capital Markets Ltd and AFX Markets Ltd.
They have offices in many of the world’s major financial centers such as London, Milan, Limassol, Shanghai and New York.
I will give you all the details about the broker in this STO review. For example: Is STO regulated? What are the account types offered by STO? What are the spreads, minimum deposit, and maximum leverage? Is STO scam or reliable forex broker?
Regulation of STO
STO and AFX Group are trading names of AFX Markets Ltd and AFX Capital Markets Ltd. AFX Markets Ltd is authorized and regulated by the Financial Conduct Authority (FCA) FRN: 560872.
The registered office for AFX Markets Ltd is 33 Sun Street, 2nd floor, London, UK, EC2M 2PY. Company Number: 07612002.
AFX Capital Markets Ltd is authorized and regulated by CySEC, license no. 119/10 and registration no. 253014.
Both FCA and CySec are reliable regulatory authorities, enforce strict requirements for financial services providers.
For instance, UK-regulated brokers must hold at least €730 000 and Cyprus-regulated ones – €1,000,000 in order to prove their financial stability.
Beyond regulation STO ensures that its clients’ account balances will not drop below zero, holding a positive balance in their trading accounts. Its clients’ funds are insured through the Financial Services Compensation Scheme (FSCS) and the Investor Compensation Fund (ICF).
Account Types and Spreads
STO offers its clients five different account types which named STO Classic, STO premium, Pro, VIP, and AFX Fast.
You can select from 5 diverse account types and execute your trading strategy. All of them offer tight spreads, fast execution, low or no commissions and 24/5 multilingual support.
The Classic account requires $100 minimum deposit for CySEC-regulated ones and $200 for the FCA-regulated ones.
Spreads are from 1.6 pips, there is no commission and maximum leverage is 1:30.
STO Premium account requires $2,000 minimum deposit for all clients. Spreads are from 0.4 pips + commission 2.5 USD per 100 000 USD traded. The maximum leverage is 1:30.
The Pro account is for professional traders who have experienced. It requires $10,000 minimum deposit. Spreads are from 0.3 pips + commission 2.0 USD per 100 000 USD traded.
The maximum leverage for all retail client accounts types is set to 1:30 depending on the underlying instrument of the CFD.
The broker provides two platforms. One of them is the most popular trading platform MetaTrader 4. The other one is its own platform AFX fast.
The MT4 supports automated strategies, offers an extensive back-testing environment and provides a number of technical analysis tools. It has a user-friendly interface, advanced chart tools and more.
STO’s proprietary AFX Fast platform offers institutional level forex with no dealing room intervention.
STO offers various trading products including Forex, indices, metals, oil, equities, cryptocurrencies, and bonds.
Metals are gold, palladium, platinum, and silver. Cryptocurrencies are Bitcoin, Ethereum, and Litecoin.
STO offers multiple funding methods to choose from in an attempt to give its clients access to an optimal, convenient trading experience.
There are various payment methods. These are Visa, Mastercard, Visa Electron, Skrill, Przelewy24, CashU, WebMoney, Paysafecard, Neteller, Qiwi, Wire Transfer.
This allows its customers to fund their accounts with whichever payment method is most convenient for them. Beyond this, the broker offers multiple currencies to deposit including EUR, USD, GBP, and PLN for its Polish Clients.
Not only will you gain access to the latest offers including EAs and VPS services when you deposit but you will also be able to choose from the broker’s large range of accounts with a variety of trading conditions.
You can always withdraw funds anytime by simply requesting the relevant amount. The withdrawal procedure is quick and easy. In case of a delay, you can contact our 24/5 customer support for further details and assistance.
STO is a duly regulated forex broker operated by a global group. The broker offers good trading conditions such as spreads and minimum deposit.
If you are looking for a better forex broker, you can find it on my top forex brokers list above this page. You can also find STO’s pros and cons on the table below.