The FCA has announced its decision to suspend the financial services license of AFX Markets. On its official website www.stofs.com, the company has mentioned that the Financial Conduct Authority has notified AFX Markets Ltd, FRN: 560872 that must close all open trading positions held by it, whether on its own account or on accounts of...
Before signing an account you should always check on broker reliability and compare its trading offering. Here we present STO Review among others.
What is STO?
The STO is a trading name of established back in 2009 AFX Group that offering clients a way to trade on the financial markets through optimal trading conditions. Since the beginning of their growth path of providing services, the broker currently serves offices in many financial centers – UK, Cyprus, Italy, China and New York that provides client support along with education, analysis, FX indicators and market news for an ultimate trading condition. Last year company went into the collaboration with Quantic, which gained access to offer portfolio management solutions through an institutional level of investment products.
Among the competitive proposal from the company is the range of trading instruments over 300 FX and CFDs, smart order routing, comprehensive trading platforms, VPS services (requires 2k account minimum and 5 lots per month, otherwise 35$ per month) and portfolio management division operated by AFX Capital Markets.
The broker offers to trade with Top-tier conditions that includes 12 EAs and 15 Chart Indicators that are offered for free for VIP, PRO and Premium Accounts. The most active shares on the Italian, German and US Markets available through 100 CFDs with a commission charge of 2 cents per share. Total CFD offers 7 asset classes through leverage up to 1:500 and negative balance protection. The spreads quote starting from 0.0 pips for forex, from 0.5 for indices and oils from 4 points.
At STO customer will be always supported by a dedicated service along with an educational tool that opens an access to attentively created education materials to master advanced concepts, strategies and various types of trading. The company work and consistently strives to be better, while was officially rewarded by major corporations and organizations, alike award of 13th Mena Forex Awards 2014 – Broker of the Year; Shield of Appreciation – Natural Gas Forum 2014, etc.
Is STO safe or a scam?
Two main regulators in regards to financial investments and services regulate AFX Capital Markets Ltd. By the FCA in UK, CySEC in Cyprus, as well by CONSOB in Italy. Nevertheless, the broker operated under the Markets in Financial Instruments Directive (MiFID) in regards to offering cross-border services and other offices within the EU under the MiFID Passporting Regime. Hence the broker complies with all safety requirements in regards to the funds, operations, executions and generally all process which brings a clear state of protection.
STO Trading Platforms
The company mainstays at the MetsTrader4 as a platform to access the trading, however offering as an option the AFX Fast platform.
MT4 presented as an online based platform that is accessible from any device, infinitely customizable that’s why so popular among the traders. The platform also enhanced by chosen broker’s indicators, tools and of course assistance.
AFX Fast features ECN/ STP execution model, which prevents any re-quotes and slippage throughout multilevel pricing. The AFX Fast is an online based platform, that was developed by STO’s to execute in low latency, display market depth and be a customer friendly software that will allow an easy access and trade.
In addition, to bring trade into the next level extensive catalog of EAs and Chart Indicators are at the client’s profile. It includes optimization of strategy and investment goals throughout decision assistance, execution management, upgraded alarms and broadcasting facilities, along with market data.
STO Trading Instruments and Accounts:
STO offers a diversity of 5 account types which enables the execution of particular trading strategy. All accounts featured with tight spreads, fast execution a competitive commission along with continuous support from the company in multiple languages. All account holders eligible to use trading signals and tools provided for free, access educational courses and weekly webinars and fundamental daily analysis. At the beginning, traders are able to open a Demo account also to practice their strategies.
– STO Classic is a perfect choice to start with, since requires only 100$ to start. High leverage offered up to 1:500 with spreads from 1.6 pips
– STO Premium will be a good solution for traders with experience and balance of 2,000$, while the client can enjoy spread from 0.4 pips and access on 15 chart Indicators for 3 months along with EAs
– PRO account requests 10,000$ initial deposit, features lower spread of 0.3 pips, however for protection purpose with lower leverage up to 1:200, as well with gained indicators and EAs for 6 months.
– VIP with 50,000$ deposit client gets spreads from 0.0 pips and one year free use of comprehensive tools.
– AFX Fast accessible through AFX Fast platform only and demand deposit of 2,000$ that brings a STP execution to the client through spread from 0.4 pips.
In addition to main accounts, STO developed Crypto Account to trade CFDs on Bitcoin, Ethereum and Litecoin with optimal trading conditions. The deposit requires is 500# through leverage of 1:5 and negative balance protection.
FIX API account designed for protocol used trading that enables ultra fast execution and ensures automated systems remain incognito. The account allows to spot Forex, CFDs on Metals, Indices, Cryptocurrencies and Oil liquidity and provides Multi-Tiered Executable Streaming Prices.
Also, MAAM solution to qualified money and asset managers provided through wide selection of optimization and solutions to both.
STO Methods of Payment:
STO offers multiple ways to fund an account and start live trading. Those methods include VVisa, Mastercards, Visa Electron, Skrill, Przelewy24, CashU, WebMoney, Paysafecard, Neteller, Qiwi, Wire Transfer. The payments can be done with EUR, USD, GBP and PLN for our Polish Clients currencies for the clients convenience and ease.
The withdrawal procedure is quick and easy and can be requested at any time, with all fees covered by the company.
Conclusion on STO
The STO review presents company as a fully regulated and licensed broker that ensures confidential trade with no matter what market client chooses. The broker offers a truly comprehensive market range which includes typical trading instruments along with Cryptocurrencies and even offers a standard execution model or the ECN one. With the broker trader of any size, volume and strategy will find his path of cooperation.
STO Update since August 2019:
According to the current news from the company and its authorities, the AFX Markets Ltd and AFX Capital Markets Ltd licenses are both suspended as noted by FCA and CySEC regulators.
For more information please read tag Broker News.
- August 08, 2019 at 03:58 PM Read more
The Cyprus Securities and Exchange Commission has announced that the authorisation of the Cyprus Investment Firm AFX Capital Markets Ltd. is suspended in whole, as there are suspicions of an alleged violation due to the company’s possible non-compliance at all times with the authorisation, regarding the safeguard of clients’ funds. The above decision was reached...July 07, 2019 at 06:26 PM Read more
The UK Financial Conduct Authority has confirmed the appointment of special administrators at the AFX Markets after ceasing its trading activities. The FCA has announced that, on August 27, 2019, the High Court of Justice of England and Wales appointed special administrators to AFX Markets Limited. AFX Markets Limited (AFX Markets) is a UK registered...August 08, 2019 at 09:46 PM Read more
The Cyprus Securities and Exchange Commission informs the clients of AFX Capital Markets Ltd of the investigation against AFX and the procedure for the submission of complaints against AFX. The company operates brokers under the trading names STO, ICEFX UK and Quantic Prime. All these websites are currently not accessible. We have previously informed our readers that...November 11, 2019 at 09:34 PM Read more