StocksCM

Note: StocksCM's official website https://stockscm.com/ is currently inaccessible normally.

Founded in 2019, StocksCM is an unregulated broker registered in the UK, offering cryptos, forex, and indices trading. The leverage can be up to 1:400, and the minimum deposit is $250. Nevertheless, this company is not regulated, which poses certain risk.

Pros and Cons

Is StocksCM Legit?

No, StocksCM is not regulated by the financial services regulatory authority in the UK, which means that the company lacks regulation from its registration site. Please be aware of the risk!

What Can I Trade on StocksCM?

StocksCM offers investors popular financial instruments, including Forex currency pairs, indices, stocks, CFDs, commodities, and cryptocurrencies.

Account Type

Leverage

Trading leverage varies depending on different trading accounts. Leverage is up to 1:100 for Silver, 1:200 for Gold, 1:300 for Platinum, and 1:400 for VIP.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

StocksCM uses its own trading platform, and it does not support MT4 or MT5.

Deposit and Withdrawal

On StocksCM, the deposit options include credit/debit cards, crypto wallets, and phone. The minimum deposit is $250, and the minimum withdrawal is $100. However, other details such as withdrawal options, the processing time, and fees, are not clear.