Based in the British Virgin Islands, StockLux is an offshore-based, online trading broker. The broker offers access to trade more than 200 financial instruments across different asset classes, including forex, cryptocurrencies, stocks, and more. Traders are provided with several trading tools, educational resources, and 24/5 customer support. The minimum deposit required to start trading is $250.
StockLux Review, Pros & Cons
- Proprietary trading platform
- Educational resources & trading tools
- Over 200 trading instruments
- Multiple trading account types
- Unregulated broker
- Located offshore
- No MetaTrader platforms
- Minimum $250 deposit
- Limited deposit & withdrawal methods
- No USA traders accepted
In this detailed StockLux review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
StockLux is a retail broker that offers competitive pricing, execution, and liquidity to a global clientele. They provide traders with trading features, such as multiple account options, leverage of up to 1:500, reasonable spreads, instant execution with minimal requotes, and more.
StockLux is a trading name of Konstos Markets Limited, a company registered in the British Virgin Islands with registration number 2039498. However, there is no regulatory information on the broker’s website at the moment.
Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker allows traders from different parts of the globe to open a live trading account with them if their countries of residence permit online trading with international brokers.
Some StockLux features and products mentioned within this StockLux review may not be available to traders from certain countries because of legal restrictions.
Traders are provided with the StockLux Webtrader, a trading platform that is designed in-house by the broker’s tech team. It provides you with the functionalities you need to trade on currency pairs, make deep financial analysis, and take advantage of expert trading tools. It supports all order types and execution modes. It is web-based, and as such, it can run directly on most modern web browsers without the need to download or install any additional software.
The platform is also available as a mobile trading app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. The mobile app allows traders to manage their trading accounts and place trades from anywhere in the world, provided there is an internet connection.
StockLux Trading Tools
The broker provides traders with several useful trading tools to allow for a hitch-free trading process. These tools include trading calculators, live economic news, and an economic calendar that shows the schedule of future markets along with their expected impacts on the financial markets.
There are various educational resources on the broker’s website. They include learning articles, trading guides, market news, and an FAQ section that answers some of the common questions that traders may have.
The broker offers the following trading instruments: forex, cryptocurrencies, stocks, and more.
StockLux Accounts & Fees
The broker allows traders to choose the account type that best suits their trading objectives and capital from a choice of six trading account types. Each of the accounts offers access to all the trading platforms and has a specified minimum deposit requirement as follows: Micro ($250), Standard ($5,000), Platinum ($25,000), VIP ($250,000), and Business ($500,000) Accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this StockLux review. It is imperative to ensure that you check and understand all of the latest information before you open a StockLux broker account for online trading.
StockLux provides traders with a knowledgeable customer support team who are available 24/5 to respond to their general, technical, and account-based inquiries. The support team can be contacted via telephone and email.
StockLux Deposit & Withdrawal
Traders are allowed to deposit and withdraw funds using any of the following payment methods:
- Bank wire transfers
- Credit/Debit cards, such as MasterCard, Visa, and Maestro.
The time taken to process transactions may vary depending on the payment method in use.
StockLux Account Opening
Potential traders who are looking to trade with the broker are required to simply click on the “Start Trading” button on the homepage of the broker’s website and fill the account application form. Upon completion, click on the ‘Sign Up” button at the bottom to submit your information.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Overall, StockLux is a multi-asset brokerage firm that operates from the British Virgin Islands, providing traders with a proprietary trading platform to trade multiple financial instruments. Traders benefit from educational resources, trading tools, and 24/5 customer support. There are multiple trading account options to choose from with a required minimum deposit of $250 and leverage of up to 1:500. However, there is no regulatory information on the broker’s website at the moment. This lack of regulation may be a red flag for potential clients.
Forex Trading is a leveraged product and your capital is at risk. It may not be suitable for everyone. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.