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To succeed in forex trading, you must choose a broker who is transparent, reliable and secure. Finding a broker with all the three qualities is not that easy. To help you make good and unbiased decisions, we review brokers providing every detail we can lay our hands on. Today, we take an inside look on Stock.com. They are owned by Leadcapital Markets Ltd and their main offices are based in Limassol Cyprus. As with most regulated brokers, they are licensed to offer their brokerage services throughout the EU by CySEC under license number 227/14.
To accommodate different trading styles, Stock.com offers trading on two platforms: MT4 (MetaTrader 4) and WebTrader. Both trading platforms are easy to use and they offer cutting-edge trading technology. The MT4 trading platform also allows for trading multiple assets at the same time. The only shortcoming of the MT4 platform is that it must be downloaded in order to be used. WebTrader on the other hand is a web based trading platform that requires no download. The trading platforms can also be accesed on the go via mobile devices making trading convenient.
Although they are a relatively young Broker, Stock.com has a relatively expansive list of assets for CFD trading. The assets include soft and hard commodities, world leading stocks, indices and major and minor currencies. They have another unique asset class for bond trading. Bond trading is ideal for both long term and short term strategies. Trading on their assets attracts zero commissions.
Trading via Stock.com is very profitable since they don’t charge commissions on their trades. They also offer margin trading .To avoid complications with margin trading, the trading platform alerts a trader in case the margin level reaches 100% and a position is automatically liquidated.
Educational Trading Tool
Trader’s education is given top priority at Stock.com. The resources are stacked in a consolidated resource center and include basic forex trading articles, trading eBook, trading platform tutorials and forex trading videos. They also have a comprehensive analysis section that comprise of technical analysis, advanced chart analysis and symbol overview.
Stock.com has an easily available customer support. The customer support is available round the clock during weekdays and is available in multiple languages. The only downside with the customer support is that it is not available during weekends.
The Stock.com website is available in 8 languages and trading platforms are available in additional languages. The available languages include English, Arabic, Russian, and Portuguese among many others.
The advantages of using Stock.com for forex trading can be summarized as follows:
- They are regulated
- Have a rich resource center
- They have two intuitive desktop trading platforms and mobile trading platforms
- Customer support, website and trading platform are available in multiple languages
- Zero commissions
- Enhanced security by use of 128-bit encryptions
Stock.com has been in existence for a very short time. They have however shown commitment in promoting forex trading by ensuring they are regulated in such a short period of time. Their trading platforms are easy to use and hence they are highly recommended for both novice and pro traders around the world.