A. Willson
For traders that can afford the USD 200 minimum deposit (GBP 500 for the UK),STX Brokers offers competitive pricing, excellent trading platforms, brilliant research, reliable customer service, and over 40,000 instruments to trade.
STX Brokers is a global leader in online trading, bringing the opportunities of financial markets to a global audience of traders. Authorized in various jurisdictions, including the European Union, the UK and South Africa STX Brokers are experts in leveraged trading across various markets, including forex, indices, commodities and shares.
With over 5000 clients across 18 countries the STX Brokers brand, offices, and regulations span throughout Europe, the Middle East, Africa & Asia.
STX Brokers offers a wide selection of Standard and ECN accounts each of which with its own conditions, tailored to different types of traders depending on their individual needs, investment goals and financial background.
Is STX Brokers Safe?
STX Brokers is considered Best & 100% trustable, with an overall Trust Score of 99 out of 99. STX Broker is publicly traded, does not operate as a bank, and is authorised by six tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). STX Broker is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA). Learn more about Trust Score.
Spreads & Commission
The types of accounts we have are mentioned below;
MICRO PLAN
- $ 200 / UPWARDS
- Leverage : 1 : 300
- Spread Type : Variable
- Max Open Order : 150
- Bonus : 30%
- 24/7 Customer Service
BASIC PLAN
- $ 500 / UPWARDS
- Leverage : 1 : 500
- Spread Type : Variable
- Max Open Order : 600
- Bonus : 30%
- 24/7 Customer Service
CLASSIC PLAN
- $ 2, 500 / UPWARDS
- Leverage : 1 : 600
- Spread Type : Variable
- Max Open Order : 800
- Bonus : 40%
- 24/7 Customer Service
PREMIUM PLAN
- $ 7, 500 / UPWARDS
- Leverage : 1 : 800
- Spread Type : Fixed
- Max Open Order : Unlimited
- Bonus : 50%
- Professional Chart
- Financial Expert Session
- 24/7 Customer Service
GOLD PLAN
- $ 15, 000 / UPWARDS
- Leverage : 1 : 1000
- Spread Type : Fixed
- Max Open Order : Unlimited
- Bonus : 70%
- Professional Chart
- Financial Expert Session
- 24/7 Customer Service
PLATINUM PLAN
- $ 25, 000 / UPWARDS
- Leverage : 1 : 1000
- Spread Type : Fixed
- Max Open Order : Unlimited
- Bonus : 80%
- Professional Chart
- Financial Expert Session
- 24/7 Customer Service
VIP PLAN
- $ 50, 000 / UPWARDS
- Leverage : 1 : 1000
- Spread Type : Fixed
- Max Open Order : Unlimited
- Bonus : 100%
- Professional Chart
- Financial Expert Session
- 24/7 Customer Service
All types of accounts are involves a small commission, Except Micro Account which is based on the trading volume. All accounts except the micro one offer Market execution.
Maximum leverage
To clients, who meet the criteria to be qualified as a professional trader STX Brokers offers leverage as high as 1:1000. Such leverage levels are available also for clients outside the European Union and the UK – where leverage restrictions for retail clients are in place.
In the European Union and the UK on the other hand, where the broker is represented by Forextime Limited and Forextime UK Limited the maximum leverage available for retail clients is capped at 1:30, in line with the regulations introduced by the European Securities and Markets Authority (ESMA) back in 2018.
The move was taken to curb the investment risk for the retail trading community, which suffered significant loses, because of the exposure to high leveraged products.
Minimum initial deposit
You can open a live trading account at STX Brokers with just 200 USD, which is symbolic to what most brokers would ask for. Such a minimal investment however would be suitable only if you opt for a Cent Account.
STX Brokers Invest
And STX Brokers also supports an innovative copy- trading platform, where if you are an experienced trader, you can become one of STX Brokers Invest Strategy Managers, or just follow suitable strategies of professional traders and receive a portion of the profits.
You can become an investor even if you have limited knowledge and experience in forex, or limited time, but would still like to trade the financial markets. Investors can follow suitable trader’s strategies and profit from the Strategy Manager’s overall growth.
Strategy Managers on the other hand share their trades and can earn up to a 40% profit share, while they generate profits for their investors.
A special Strategy Manager Ranking Page gives you insight into all the active Strategy Managers, their statistics and rank, based on overall returns. The Ranking of a Strategy Manager is calculated based on his or her overall returns minus the profit share, while taking into consideration the risk level, the drawdown percentage, the days open and the monthly return.
As an investor you will receive notification by email if the equity of your investment has dropped by 10% from the equity value at the beginning of the last payout date. Payout takes place every 30 days.
Trading platforms
As we already noted STX Brokers supports the two most popular trading platforms in the forex industry – MetaTrader4 and MetaTrader5, both developed by MetaQuotes. And STX Brokers supports the two platforms both as desktop, web and mobile versions, (including for iOS and Android devices,), making sure they are regularly updated.
MetaTrader4 and MetaTrader5 have long dominated the forex industry and for a reason. Launched back in 2005 MetaTrader4 gained instant popularity among traders, for its simplicity, fast execution of orders and the ability to run automated trading sessions with the help of the so called Expert Advisors – algorithmic trading robots written on a special, built- in complier and easily modifiable by the traders themselves. And traders got free access to a huge library of already compiled Expert Advisors and market indicators too, which made MetaTrader4 an indispensable tool for beginner and experienced traders alike.
On top of that traders were also given the ability to backtest strategies and to copy trading solutions already complied by experienced traders.
Currently MetaTrader4 is no longer supported by Meta Quotes, but still remains the more popular of the two platforms because of the huge amount of trading software written specifically for MetaTrader4 – all MT4 Expert Advisors and market indicators are written on MQL4 – a proprietary language especially created for the purposes, and which is incompatible with the latter version of the trading platform – the MetaTrader5.
MetaTrader 5, on the other hand is far more flexible and powerful than the MetaTrader4 and allows the execution of orders in several financial markets and stock exchanges through a single trading account. The platform features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. Besides, MetaQuites has recently made many significant upgrades to it, such as adding a tool for analyzing exchange markets, news management improvement, a hedging feature, market data subscriptions, new chart settings and even negative prices – the recent price swings in the oil market illustrate why negative prices should be take into account.
For clients who prefer automated trading through Expert Advisors (EAs), STX Brokers offers a designated forex VPS service, and technical traders can take advantage of the Trading Central technical analysis tool – free of charge. Besides, STX Brokers offers advanced copy-trading solution, called STX Brokers Invest.
