StocksCM Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Founded in 2019, StocksCM is an unregulated broker registered in the UK, offering cryptos, forex, and indices trading. The leverage can be up to 1:400, and the minimum deposit is $250. Nevertheless, this company is not regulated, which poses certain risk.

　　Note: StocksCM's official website https://stockscm.com/ is currently inaccessible normally.

StocksCMReview Summary
Founded	2019
Registered Country/Region	UK
Regulation	No regulation
Market Instruments	Forex currency pairs, indices, stocks, CFDs, commodities, and cryptocurrencies
Demo Account	/
Leverage	Up to 1:400
Spread	0.1 pips
Trading Platform	StocksCM
Min Deposit	$250
Customer Support	Tel: +448449864883
Customer Support	Email: compliance@stockscm.com
Regional Restriction	US Clients

　　Founded in 2019, StocksCM is an unregulated broker registered in the UK, offering cryptos, forex, and indices trading. The leverage can be up to 1:400, and the minimum deposit is $250. Nevertheless, this company is not regulated, which poses certain risk.

Pros and Cons

Pros	Cons
Various trading markets	Inaccessible website
Multiple account types	Lack of regulation
	No MT4/5
	High minimum deposit
	Limited payment options

Is StocksCM Legit?

　　No, StocksCM is not regulated by the financial services regulatory authority in the UK, which means that the company lacks regulation from its registration site. Please be aware of the risk!

What Can I Trade on StocksCM?

　　StocksCM offers investors popular financial instruments, including Forex currency pairs, indices, stocks, CFDs, commodities, and cryptocurrencies.

Tradable Instruments	Supported
Forex currency pairs	✔
CFDs	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Silver	250 EUR
Gold	10,000 EUR
Platinum	50,000 EUR
VIP (invitation only)	/

Leverage

　　Trading leverage varies depending on different trading accounts. Leverage is up to 1:100 for Silver, 1:200 for Gold, 1:300 for Platinum, and 1:400 for VIP.

　　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.

Trading Platform

　　StocksCM uses its own trading platform, and it does not support MT4 or MT5.

Trading Platform	Supported	Available Devices	Suitable for
StocksCM	✔	Web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　On StocksCM, the deposit options include credit/debit cards, crypto wallets, and phone. The minimum deposit is $250, and the minimum withdrawal is $100. However, other details such as withdrawal options, the processing time, and fees, are not clear.