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STO is a FOREX and CFD broker with offices in London, Milan and Limassol. The company was registered in 2009, but started its activities in 2010. It is a division of the AFX Group. SuperTradingOnline (STO) is a trademark owned by AFX Capital Markets Ltd and AFX Markets Ltd.
Products and services
7 types of assets are available to clients of the STO broker (the total number of instruments exceeds 300):
Currency pairs: over 30 currency pairs. Indices: The ability to trade indices in Asia, the UK, Europe and the US. Precious metals: trading in silver, platinum, gold and palladium. Oil: American and British oil trade. Shares: provides the opportunity to trade shares of more than 100 companies. Bonds: Ability to trade 7 major bonds. Cryptocurrencies: Bitcoin, Ethereum and Litecoin
Asset security
The assets of the company's clients are reliably protected. Funds in customer accounts are mandatorily insured through the Financial Services Compensation Scheme (FSCS) and the Investor Compensation Fund (ICF). The company guarantees protection against negative balance. Even if the market makes an unexpected reversal, sharp movement or price gap, the balance will return to zero.
Accounts and currencies
Clients have access to several types of accounts: STO Classic; STO Premium; PRO; AFX; FastVIP. Accounts differ in the minimum threshold (from 100 to 50,000 USD) and trading conditions. Detailed information is available on the broker's official website. The broker also opens accounts with individual conditions. Account currencies USD, EUR.
Minimum deposit
The deposit starts from $ 5.
Spreads and commissions
Spreads start at 0 pips. The upper limit is 1.6. There is no commission on STO Classic accounts, on the remaining 1.5-2.5 USD for every 100,000 USD traded.
Leverage
Leverage is set to 1:30.
Trading platforms
STO offers its clients what is arguably the most popular MetaTrader4 platform among traders worldwide, available for both PC and mobile devices. Alternatively, you can use the trading platform developed directly by the AFX Group specialists - AFX FAST.
Additionally, you can use the following software tools:
Alarm Manager. Receive notifications and send them to subscribers in social networks. Correlation Matrix. Access to important market information. Correlation Trader. Comparing the correlation of two assets and using their spread. Excel RTD. Placing information in Excel with a few simple formulas. Market Manager. View account and order details from a single window, select assets and recent price movements. Sentiment Trader. Displays the number of traders trading the asset at this moment, the transaction for which is held by you.
Support service
You can contact the support team by phone or email, via Live chat, or on social networks. Service specialists work around the clock 24/5.
Reviews of traders
Eliseev 18 May 2016
“If not for the high spreads on the Classic account, I would have transferred the entire depot here. So far, of course, I press, the spreads are too big ... Otherwise, the broker is excellent: uninterrupted operation of the terminal, execution in seconds, there is regulation. Reduce spreads - I'll transfer some more money here. Because it's worth it. "
Angelina 31 October 2017
“High spreads on the classic account spoiled the whole picture from the very beginning. But even this did not frighten and tried to work with them. At first, the work of the terminal was pissed off - everything hangs terribly, what a decent work of the terminal I did not notice. Due to the slow opening of transactions, I always opened at a price that was not favorable to me - the same happened with the closing. Honestly, I am not satisfied. It's good that my husband was in the wings, more experienced, and in the end, with grief, he beat off what he started with. They left with their money and said goodbye to the broker forever. "
danil_krivoputsov 2 September 2016
“As a novice trader, I was pleased that there was no significant difference between a demo and a real account. There are so many words that the conditions on a real account are much worse, but in the case of STO, this is practically not noticeable. Yes, there are times when news comes out and the price changes, but the rest of the time everything is practically the same. "
Pros:
a wide range of trading account options; the oldest market participant, it is possible to trade popular cryptocurrencies; security of funds storage in accounts.
Minuses:
long withdrawal of funds; high spreads on STO Classic accounts.
SUPERTRADINGONLINE is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
SUPERTRADINGONLINE profits from traders' trades, usually in two main ways
.
First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. SUPERTRADINGONLINE received a score of 1 of 5 on our resource.