Stockoza Review – Are They Safe or a Scam?
Our Stockoza Review 2023
Looking for a frank Stockoza review? You just found it. Take a look below to see what it’s really like to trade forex at this online broker site!
The good news is that we had a great time at Stockoza. It’s a legit broker who has low fees, high leverage and excellent customer care. However, there are some important facts about things like minimum deposits that you need to understand. So keep reading this Stockoza review to see if this online broker is right for you!
We started our Stockoza review by signing up to the online broker for the first time. This was a fairly standard process whereby you have to fill in a registration form with your personal details. Expect to have to provide your name, address, date of birth, email and phone number.
There is also the opportunity to select your favored base currency from the likes of US dollars, euros, British pounds, Australian dollars and so on. Plus you’ll get a chance to enter in any referral codes, but sadly we didn’t see any kind of welcome offer during this review.
Next it’s a matter of verifying your account. This means having to provide Stockoza with a scan of some kind of government-issued identity such as a passport or driving license.
You’ll also need to provide a utility bill from the past six months with your home address and submit a scan of the front and back of the credit card you’re planning to use for your payments. Once you’ve done all of this you should find that your account has been verified and you’ll have to put down your opening deposit. More about this later!
Stockoza gives you a nicely clear and simple way to navigate around its site. The whole thing is kept clean with black text on a white background and you’ll find it easy to get information about the trading platforms, account types and even switch language between English, French and so on.
Page loading times were as we’d expect and we were pleased to find that customer support was always within reach should something go wrong. We’ll discuss how the trading platforms operate later, but for now it’s enough to know that it executes your trades quickly and without any annoying lags.
Mobile users will also be pleased to find that Stockoza has created some user-friendly apps that you can download to any modern iOS or Android device. These offer you much of the functionality of the main Stockoza website, but you’ll get the convenience to trade as and when you want.
Our Stockoza review found a decent variety of trading accounts at this online broker. There are six different accounts and they aim to cater to all levels of trader.
The first of these is the beginner account that gives you the basics of the Stockoza experience but asks for a relatively high minimum deposit of $10,000. Thankfully this relatively high deposit amount gives you access to having your own personal account manager as well as features like floating bid/ask difference.
The next four accounts run from Intermediate and Advance through to Pro, Expert and VIP with minimum deposit thresholds of $50,000, $100,000, $250,000, $500,000 and $1 million accordingly. Each of these accounts gets progressively more powerful with plenty of advanced features.
So by getting an Intermediate account you’ll benefit from getting Premium Signals, while those with an Advance account get daily signals and an invite to a private one on one trading academy. However, if you make it all the way to the VIP level, you’ll benefit from tighter spreads with 60% discount on commissions, VIP support around the clock, and daily insights into the movements of the global market.
While you can download the Stockoza trading platform to your computer, there is an equally good WebTrader here that lets you conduct your trades from your web browser. We should also remind you about the iOS and Android apps that let you trade from your mobile.
Each of these trading platforms makes it easy to manage your portfolio. Here you’ll benefit from over 20 different time frames along with a minimum of 35 preinstalled indicators. Looking for extra insight in your trades? You’ll find it thanks to the inclusion of over 40 graphical objects and there was more market depth information than you’ll know what to do with.
When you combine all of this with cool features like a multi-currency tester and tick chart trading, it’s easy to see why Stockoza is picking up such positive reviews. While some may be disappointed that Stockoza doesn’t have some industry standard platforms like MT4, we enjoyed using what we found here.
You’ll find that Stockoza accepts all major credit and debit card brands such as Mastercard and Visa for making your payments. This means that you can make that rather sizable opening deposit with the highest levels of security and confidence. Just so you know, there aren’t any fees at Stockoza for making deposits, and most payments should go through in just one working day.
Withdrawals are equally straightforward at Stockoza. Just bear in mind that you can’t have any pending trades underway when you put in your withdrawal request. Again, there won’t be any unexpected charges for making a withdrawal and you should expect to have the money back in your account in less than five business days. All in all, a safe way to fund your online trading.
Fees – No Stockoza scams in terms of its fees
We appreciated how up-front Stockoza is about any fees and charges that it includes in its online trading platform. This means that you’ll always know what you’re up against when it comes to things like fees on your bid and ask price, as well as any rollover fees.
The good news is the fact that Stockoza manages to keep such fees to a bare minimum and it is this fact that helps the online broker stay remarkably competitive. We should remind you here that there are no fees payable for making deposits or withdrawals at Stockoza and this is something that we wish was true of other online trading platforms.
We were delighted to find that Stockoza has excellent customer support that will be working around the clock to help you out. There was proof of this in just how fast the brand was to respond to our queries regarding account verification.
For this, we simply tapped on the live chat icon in the bottom-right of the homepage and we were quickly speaking to a customer care agent. This gave us all of the help we needed in a way that was friendly and knowledgeable.
Beyond this, we were pleased to find that you could also send the customer care team an email and there was even telephone support available. There is also an official resource for making complaints should you need. The one disappointment was the fact that there didn’t appear to be any kind of FAQ on the Stockoza site and it doesn’t look like the broker has any social media channels.
We can’t really have a Stockoza review without taking a look at the legality of this online broker. So the good news is that Stockoza is a legitimate online broker that has its business activities fully registered in St. Vincent and the Grenadines. The only downside here is the fact that Stockoza is not available for customers who are based in the US.
Stockoza doesn’t just feature forex trading as its site gives you the opportunity to trade over 500 different instruments. These include all of the major stocks that you’d expect from over 10 stock exchanges worldwide. Such an offering naturally includes all of the major indices including the S&P 500, Nasdaq and so on. We should also mention the fact that Stockoza is a great place for commodity trading with options for investing in everything from oil and gold to agricultural commodities.
It’s worth mentioning that depending on which account you get, you’ll find yourself getting plenty of extra assistance. These include things like daily signals alongside special support from expert traders. Plus with exclusive webinars, private trading sessions and daily insights and analytics, we can see that Stockoza has everything a serious investor could wish for.
We have to admit that we were pleasantly surprised with what Stockoza has to offer. You can come here and get a professional way to enjoy forex trading and yet the whole platform is kept nicely user-friendly.
Obviously there is the high minimum deposit threshold to navigate, but if you can afford this, then you should find yourself suitably rewarded. Above all, Stockoza seems to offer an extra level of support and insight that you won’t necessarily find at other online trading platforms. This is something you’ll find in everything from the technical support to the expert assistance for the advanced account types.
If we were being hyper critical then we would have liked to have seen the inclusion of a FAQ and maybe even some kind of demo account. But there’s enough here to impress even the most experienced of investors. All of which means that you should definitely consider checking out Stockoza if you have any interest in online trading. Highly recommended.