STO* is a Forex and CFD broker. The company is licensed in Europe by the CySEC and has several offices in major financial centres such as London, Milan and Limassol. STO features CFD trading on Forex, Cryptocurrencies, Indices, Metals, Oil, Equities and Bonds. The minimum spread is for EUR/USD 1.6 pips*, the minimum deposit is set at $100 – for the STO Classic account.
*STO is the trading name of AFX Capital Markets Ltd and AFX Markets Ltd.
What do we cover in our STO Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: ww.stofs.com
- Leverage: up to 1:30
- Instruments: CFDs – Forex, Cryptocurrencies, Indices, Metals, Oil, Equities and Bonds
- Minimum deposit: $100
- Demo account: Yes, free of charge ($50,000 fake money)
- Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Webmoney, SafeCharge, Qiwi, Credit and debit cards (Visa/MasterCard)
STO Trading Platform – MT4& AFX fast
For FX and CFD trading, STO offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. In addition to MT4, STO also offers its own in-house built platform called AFX fast. This trading platform is according to STO very user-friendly and intuitive. AFX fast should also offer extensive charting tools and execute all trades made on the platform with extremely low latency.
As any other CFD broker, STO charges a spread fee. For the most current spread charges, please visit the stofs.com website. Here is a spread comparison table that contrasts STO spreads with popular industry competitors.
*Minimum spreads recorded on 31.05.2019 at 16:19 GMT, data were taken from the website of the broker for the STO classic account type. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
To sum up the STO Review
STO adheres to strict regulatory guidelines of the CySEC (licence no. 119/10 and registration no. 253014.) and FCA (FRN: 560872). The broker offers decent spreads on most assets and features a free demo account for practice trading. The amount of available CFDs hovers around 300. There are, however, available CFDs only on 3 cryptocurrencies – BTC, ETH, LTC.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with STO.
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