Stockoza Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-12-23 09:54

Abstract：Stockoza, a trading name of Stockoza Ltd., is allegedly a multi-asset broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 on the web-based trading platform via six different live account types.

　　Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　General Information & Regulation

Feature	Detail
Regulation	No regulation
Market Instrument	currencies, indices, stocks, and commodities
Account Type	Beginner, Intermediate, Advance, Pro, Expert and VIP
Demo Account	N/A
Maximum Leverage	1:400
Spread	N/A
Commission	Vary on the account type
Trading Platform	web
Minimum Deposit	$10,000
Deposit & Withdrawal Method	MasterCard and Visa

　　Stockoza, a trading name of Stockoza Ltd., is allegedly a multi-asset broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 on the web-based trading platform via six different live account types. Here is the home page of this brokers official site:

　　As for regulation, it has been verified that Stockoza currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.03/10. Please be aware of the risk.

　　Market Instruments

　　Stockoza advertises that it offers access to 500+ trading instruments in financial markets, including currencies, indices, stocks, and commodities.

　　Account Types

　　Stockoza claims to offer six types of trading accounts, namely Beginner, Intermediate, Advance, Pro, Expert and VIP, with minimum initial deposit requirements of $10,000, $50,000, $100,000, $250,000, $500,000 and $1,000,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

　　Leverage

　　The maximum leverage provided by Stockoza is 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

　　Commissions

　　Stockoza charges trading commissions, which vary depending on the account type. Specifically, there is up to 10% discount on the Advance account, 25% on the Pro account and 50% on the Expert account.

　　Trading Platform Available

　　Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Stockoza gives traders a web-based trading platform, which is available for desktop, mobile and tablet devices. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

　　Deposit & Withdrawal

　　Stockoza supports deposits and withdrawals via Visa and MasterCard. The minimum initial deposit requirement is extremely high - $10,000. Withdrawals usually take around 3-4 business days to be processed, but can take faster or longer depending on certain cases.

　　Customer Support

　　Stockozas customer support can be reached by telephone: +1784 +18009018109, email: support@stockoza.com or live chat. Company address: Victoria Park Road, Kingstown, St. Vincent & Grenadines, Kingstown P.O. Box 4457.

　　Pros & Cons

Pros	Cons
• Multiple tradable assets and account types offered	• No regulation
• Multiple tradable assets and account types offered	• High minimum deposit ($10,000)
	• Lack of transparency

　　Frequently Asked Questions (FAQs)

Q 1:	Is Stockoza regulated？
A 1:	No. It has been verified that Stockoza currently has no valid regulation.

Q 2:	At Stockoza, are there any regional restrictions for traders？
A 2:	Yes. Stockoza does not offer its services to residents of certain jurisdictions such as the USA, Iran, Syria and North Korea.

Q 3:	Does Stockoza offer the industry-standard MT4 & MT5？
A 3:	No. Instead, Stockoza offers a web-based trading platform.

Q 4:	What is the minimum deposit for Stockoza？
A 4:	The minimum initial deposit at Stockoza to open the most basic account is $10,000.

Q 5:	Is Stockoza a good broker for beginners？
A 5:	No. Stockoza is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency and high initial deposit.