Stockscale Review- Scam or Legitimate Forex Broker

Stoclscale
6.8
Trading conditions 7.9
Trading Platform 7.2
Trading Experience 6.7
Customer Support 6.4
Fees & Commissions 7.6
Trading Tools 5.1
Stockscale

Overall, I am really impressed with many aspects of StockScale. They have a good selection of CFD trading instruments and provide you with the sophisticated trading platform for trading online across all of your devices. You can trade with tight spreads and low fees. The trading accounts on offer are very versatile and suitable for all types of trading strategy. The broker has a nice variety of convenient deposit and withdrawal methods. Customer support is also very prompt and polite in their responses. I would like to see them add some educational content but there are free demo accounts if you are a beginner and just getting started.

StockScale Review

StockScale is an online trading broker that serves clients across the globe. When you open an account with them, you can get convenient access to trade the markets from all of your devices. You can trade CFDs on all of your favourite instruments including forex, stocks, indices and commodities.

I found the broker to have very good trading conditions including tight spreads and quick execution with no hidden fees. You can start trading with a minimum deposit from $5000. There are also free demo trading accounts if you want to practice your trading strategies and get a feel for what the broker has to offer before making a commitment.

Pros

  • Over 450 trading instruments to choose from
  • Industry leading trading platform
  • Tight spreads and no hidden fees
  • Great selection of account types for all trading styles
  • Swap-free accounts are available (Islamic Accounts)
  • Excellent customer support

Cons

  • No MetaTraders platform
  • Could add some more educational content
  • No European Regulation

Summary

Founded in 2022, StockScale has started to grow from strength to strength, expanding its client base of both new and experienced traders alike. They have flexible account types for all types of trader, whether you are scalping, day trading, swing trading or ruining automated systems. The broker welcomes clients from all backgrounds without imposing any restrictions on your trading strategies.

You will find a great selection of financial instruments to choose from across multiple asset classes, on the intuitive trading platform for web, desktop and mobile. The broker is not regulated and has an excellent customer support team who are on hand to assist you as and when needed.

Regulation

When it comes to choosing a broker, regulation is one of the first things that I would look for. That being said, StockScale is not licensed and regulated. Still,  the broker works within a clear framework of the law and provide the protection to their clients.

StockScale is a brand name of Preparme Limited, company number: C 53738, StockScale .

Preparme Limited incorporated in harlestown, Nevis, West Indies.

Stockscale (SVG) is registered by Financial Services Authority of Nevis as an International Business Company.

StockScale takes the safety of client funds very seriously. For this reason, all client funds are fully segregated from the company’s own funds and kept in separate bank accounts. This ensures that client funds cannot be used for any other purpose.

Stockscale Trading Platforms

Stockscale trading platforms

Stockscale trading platforms

You can trade online with StockScale via the Innovating Easytech Trading platform which is used by thousands of CFD and forex traders from all over the world. It comes fully loaded with all of the features and functionality that you need to conduct in-depth market analysis on your chosen chart types and timeframes. The platform makes placing and managing position a breeze.  I think it is one of the best trading platforms for anyone who is looking for hassle free access to trade the markets. Whether you are a beginner or seasoned pro, this trading platform can do it all.

Some of the main features of the StockScale platform include the following:

  • Full set of trade orders, including pending, limit and stop-orders
  • 3 chart types and numerous timeframes (periods)
  • Advanced Market Depth and One Click Trading
  • Real-time quotes in Market Watch Window
  • Set alert notifications to keep track of market prices
  • Available on web, desktop and mobile

Education

There is an FAQ section on the StockScale website, but I do think it would be great if they could add some trading guides and tutorial videos. This may help the absolute beginner get started, although they do offer a free demo account which I think is a great way to learn how to trade online without any risk.

Markets

StockScale provide you with a generous range of over 450 +trading instruments across some of the most popular asset classes, including stocks,  cryptocurrencies, indices, forex and commodities. Whatever your interests, there is something for everyone to trade, with very competitive trading conditions.

StockScale provide Contract for Differences (CFD) trading which enables you to buy and sell financial instruments without needing to physically own the underlying asset. You simply speculate on whether you think the price will rise or fall. The difference in price from when you open and close the CFD trade, will be your profit or loss after aby brokerage fees.

Accounts

Account types Stockscale

Account types Stockscale

At StockScale, they provide trading accounts for beginner and experience traders. They have accounts for all types of trading strategies. For the best prices and professional setup, you may wish to choose the Pro Trading account. If you would like to just get started, you could simply choose a Standard account. It is great to see that the broker is also providing swap free accounts and zero spread trading account types. This is especially beneficial for those of you who may be running scalping systems that require the lowest spreads possible at all times.

Support

StockScale believe in client’s having 100% satisfaction and providing them with all possible service they might need. You can start lines of communicating with them from online chat and finish with your very own personal relationship manager. I have found them a pleasure to deal with and have always received good support.

Funding

StockScale do accept a range of flexible account funding options including Bank Wires, credit/debit cards and E-Wallet payments. You can deposit in multiple international currencies, then your trading account will be topped up in USD currency as the main trading currency.

StockScale does not charge any additional fees for deposits. You should however be aware that you may incur fees on the payment provider side, which may vary depending on the payment method. StockScale accepts no responsibility for any such deposit or withdrawal fees.

The StockScale minimum deposit requirement is $5000, whereas the minimum withdrawal is $100 for all payment methods.

Conclusion

Overall, I am really impressed with many aspects of StockScale. They have a good selection of CFD trading instruments and provide you with the sophisticated trading platform for trading online across all of your devices. You can trade with tight spreads and low fees. The trading accounts on offer are very versatile and suitable for all types of trading strategy. The broker has a nice variety of convenient deposit and withdrawal methods. Customer support is also very prompt and polite in their responses. I would like to see them add some educational content but there are free demo accounts if you are a beginner and just getting started.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. Concerning margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that these products’ methods, techniques, or indicators will be profitable or will not result in losses.

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