STO-Overview of Minimum Deposit, Spreads & Leverage

General Information

STO is a trading name of AFX Markets Ltd and AFX Capital Markets Ltd. Their headquarters are located in Limassol, Cyprus, regulated by the UK Financial Conduct Authority (FCA) and Cyprus Securities Exchange Commission (CySEC).

Regulatory Risk

According to the update news from the authorities, the AFX Markets Ltd and AFX Capital Markets Ltd licenses are both suspended as noted by FCA and CySEC regulators in 2019. Please be aware of the risk!

Official Website Unavailable

As of now, the website of STO is not available. We can only get a rough idea of the information of the broker from some trader review portals.

Market Instruments

STO provides numerous major instruments of financial markets including Forex, indices, commodities, equities and bonds.

Accounts

STO has five account types for investors to choose from, namely STO Classic, STO Premium, PRO, VIP and AFX Fast accounts. Account standards are set for minimum deposits, ranging from $100 to $50,000.

Leverage

STO allows its traders to use a maximum leverage ratio of up to 1:500. Leverage amplifies potential profits, but it also immensely boosts risks.

Spreads

With STO, there are variable spreads that differ depending on trade plus what account the trader has with the broker. For example, STO Classic Account charges spread from 1.6 pips; STO Premium Account enjoys spread from 0.4 pips; and Pro Account features lower spread of 0.3 pips.

Trading Platforms

STO mainstays at the MetsTrader4(MT4) as a platform to access the trading, however offering as an option the AFX Fast platform. MT4 is available in different versions that are suited to use in any device, PC, Mobile or through the Application. And AFX Fast is an online based platform that was developed by STO, which features ECN/ STP execution model.

Payment Methods

STO offers multiple ways to fund an account and start live trading. Those methods include Visa, Mastercards, Visa Electron, Skrill, Przelewy24, CashU, WebMoney, Paysafecard, Neteller, Qiwi and Wire Transfer. The payments can be done with EUR, USD, GBP and PLN.

Trading Hours

Trades can be made five days a week from 24:00 server time Sunday until 24:00 server time Friday.

Customer support

Customers support can be reached by phone to STOs London or Cyprus numbers or email to the appropriate department. Chat is available during working hours.

Risk Warning

Multiple online platforms have received a large number of complaints from STO, mainly covering the inability to log in and out of funds. Please note that the broker may have closed down and run away.