StockLux

For now, we could only piece together a rough picture of StockLux 's forex broker activities by looking up important information on other websites while the brokerage's official website is unavailable.

General Information

StockLux is an offshore forex broker, with its registered address and the company behind it not disclosed to all. StockLux says it offers clients six trading accounts to choose from, advanced MT4 trading platform.

This brokerage, according to WikiFX, is not subject to any regulation. Please be aware of the risk.

Account Types

StockLux offers its clients six trading accounts to choose from, namely Micro, Standard, Platinum, Premium, VIP, and Business accounts. The minimum initial deposit to open a Micro account is as high as $250, a much greater amount in comparison to many regulated broker‘s requirements, just from $5. According to this broker’s advertisement, some premium account services are offered, which include dedicated account manager, 24x5 customer support, one-on-one trading session, access to all trading platform.

Inactivity Fees

Please note, for dormant accounts that have not been traded or used within three months, there is an inactivity of 10% deduction each month.

Leverage

Trading leverage differs depending on various trading accounts, with the maximum trading leverage up to 1:1000, absurdly high. Since StockLux is not regulated by any regulatory authorities, it can offer high leverage to attract newcomers. However, investors should take extra vigilance when trading with too high leverage, as it can magnify gains and losses.

Spreads & Commissions

We saw the spread on the EUR/USD pair from the web trader interface is 3.0 pips, quite wide, since many brokerages offer more competitive spreads.

Trading Platform

In terms of trading platforms available, StockLux offers its clients access to the leading MT4 trading platform and a Web Trader platform. MT4 enables traders to operate trading bots such as EA, study financial markets, and engage in advanced trading operations. They can even duplicate the strategies of other investors without difficulty.

Payment Methods

The minimum deposit is $250. Clients of StockLux can make a deposit and withdrawal through VISA, MasterCard, or Bank Transfer. According to the withdrawal policy, the company may take 2-5 days to process withdrawal requests and another up to 5 days before the funds reach its destination to a credit card or a bank account.

Customer Support

Traders who encounter trading-related issues or inquires can only contact this brokerage through email: support@stocklux.co.