stockhome Review

Summary

  • Minimum deposit: $500, €500 or £500
  • Platform: Online trading platform
  • Founded: 2021
  • Headquarters: St. Vincent and the Grenadines
  • Leverage: 1:300
  • Base currencies: USD, EUR and GBP
  • Account types: Bronze, Silver and Gold
  • Demo account: Yes
  • Islamic account: Yes
  • Payment options: Bank wire transfer, Credit or debit cards, cryptocurrencies.
  • Customer support: 24/5

 

Pros

  • Speedy and efficient trade executions.
  • Access to trade more than 150 assets.
  • Cutting edge platform optimized for all devices
  • Social trading is integrated into the platform.
  • Reliable client support desk that speaks several languages.

 

Cons

  • No comprehensive daily market news and analysis.
  • Traders from USA are not allowed to register.
  • Limited training resources.

 

What is stockhome?

stockhome is a forex and CFD brokerage brand that was launched in 2021 in St. Vincent and the Grenadines but serves clients from all over the world. Launched by financial markets’ professionals, the broker seeks to address the needs of the trader by providing an excellent trading environment that is secure, technology driven, affordable and reliable. More than 150 CFD instruments can be traded on its platform. A range of tools are provided to support the traders.

 

Is stockhome a scam?

stockhome is a brand name owned by ‘Nexus LLC.’ which is incorporated in St. Vincent and the Grenadines. Though no regulatory affiliation is mentioned, stockhome’s operations is at par with the international standards maintained by top brokers around the world. All clients’ funds are maintained in segregated accounts held in the biggest international banks. Modern security measures have also been put in place to ensure that digital security is entrenched. stockhome is not a scam, rather it is a genuine broker with great vision to revolutionize the brokerage industry.

 

How do I open an account?

The account opening process takes only a few minutes. You can import your profile if you are already on Facebook or have a Google account, otherwise, just complete the registration form and an account is created for you instantly.

 

What account types are available?

Depending on your trading capital, experience level and choice, 3 account types are available. They are: Bronze, Silver and Gold.

Bronze account is for tyro traders who cannot risk much because they lack sufficient trading knowledge and experience. So, $500 or its equivalent is required to open this account type. The maximum contract size in 20 microlots, margin level is 30% and leverage is 1:150.

Silver account comes with a margin level of 25% and leverage of 1:200. A minimum of $2,500 is required to open this account.

Gold account is for the big traders who trade very large volumes. $25,000 is the least amount needed to open this account. Margin level is 20% and max leverage is 1:300.

On the platform, traders can switch between real and demo accounts. Swap free accounts are available on request. stockhome does not charge commissions on trades, rather its trading fees are embedded in the bid-ask spreads.

How do I fund my account?

stockhome accounts can be funded through credit cards, bank wire transfers and cryptocurrencies. If you use credit cards, the processing is instant and the money becomes available for trading immediately. Large amounts of money can be deposited through bank wires but it takes time; typically 2-7 before reflecting in the trading accont. Payment with cryptos like BTC and ETH are processed within 24 hours.

What instruments can I trade?

On stockhome’s platform; you can trade about 6 major, 24 minor and 19 exotic currency pairs. Also, you can trade 4 Precious metal assets, 2 crypto CFDs and more than 140 US and European stocks CFDs.

 

Are there training resources?

Though not much, there are a few articles written to help a tyro trader understand some terms and concepts used in forex and CFD training. The articles focus on leverage, margin, trading strategies, tips and market analytical methods.

 

Is there anything for investors?

At the moment, stockhome has social trading to offer its investors and other traders who wish to copy the trades of expert traders and make profits as the experts make. The online trading platform features a social trading module. Investors simply explore the list of providers and make selections based on experience, performance, number of followers, etc. Once ‘copy’ is clicked and the copy parameters are set; anytime the expert trades, his trades are automatically copied to the investor’s account.

 

How do I receive support?

stockhome has a responsive and efficient support team that works round the clock within the week (ie 24/5). They are also multilingual. You can reach them through phone call or by sending an email. If you are new, you may visit their FAQ page to view about 25 questions and answers usually asked by prospective and new clients. You can follow stockhome on Facebook, Twitter, Pinterest and Instagram.

 

Is stockhome forex a legit broker?

Yes, stockhome is a genuine forex and CFD broker. Though, a new brokerage that needs some time to settle down, the broker has made adequate investments, commitments and implementations to prove that it is indeed on a mission to create an excellent brokerage.