- Company name: AFX Capital Markets Ltd
- Founded: 2014
- Offices: Cyprus
- Regulators: UK FCA Registration No.56087, EU CySEC License No. 119/10, FSCA No. 07612002).
- Broker type: ECN/STP
- Min. Deposit: £200
- Leverage: 500:1
- Min. Spread: 0.0 pips
- Deposit/Withdrawal: Bank wire, Visa/Mastercard, WebMoney, Skrill , Neteller, Unionpay
- Currency pairs: 50+
- Platform: MetaTrader 4
- Web based: Yes
- Mobile: Yes
- Tight Spreads from 0.0 pips
- Pure STP broker
- Regulated by CySEC & the FCA
- MT4 trading including free EAs, 15 chart indicators and a VPS service
- Access to STO’s portfolio management service
- STO only accepts GBP, EUR or USD.
STO gives traders a place to invest but also teach you how to get the most out of your trading activities. Depending on the account type, traders can access 12 EAs, 15 chart indicators, trading signals, a VPS service, trading tools, and calculators. You can also use their webinars, seminars and trading courses to improve your knowledge and explore different trading strategies.
Is STO Safe?
With STO, you know you have a broker you can trust. Ensuring the safety of client funds is of the utmost importance to the company and deposits are well-protected. They hold client funds in segregated accounts in top-tier EU banks, including Barclays UK. STO, a part of is regulated by the FCA (Reference #: 560872), and CySEC (Licence Number: 119/10)
Standard Account Types
With a minimum deposit of $100, the STO Classic account gives traders access to the MT4 platform, spreads from 1.6 pips and leverage of 1:500. Traders who also want to branch out into trading shares, bonds, oil, and metals can also do so from this account, making it quite versatile. While I find the spreads quite wide, this is expected for an account with such a low minimum deposit.
For those who want the classic account, with tighter spreads, the STO Premium account is a better option for you. With a minimum deposit of USD 2000, you will get spreads from 0.4 pips and leverage up to 1:500 and MT4 platform access – as with the classic account. The premium account is good for the serious trader who could see spending time trading a wide range of instruments and potentially becoming a professional trader.
The Pro account tightens spreads up even more for the serious trader with spreads as tight as 0.3 pips. With a higher minimum deposit of $10,000, this account is targetted at the trader who is comfortable with trading and is seeking better trading conditions. Since MT4 is the platform used, this makes it easy to migrate away from another broker with limited interruption. The Pro account offers much more historical data in the charts than both the premium and classic accounts, which makes analysis over longer timeframes easier. Maximum leverage on this account is set at 1:200.
The VIP account offers spreads from 0 pips and 12 months of data in the charts. For the MT4 professional trader, this is the account to choose. Minimum deposit for this account type is $50,000 but for serious day-traders this in an average amount to have invested with a broker.
This account uses the AFX Fast platform instead of the MT4 platform and requires a minimum deposit of $2,000. The spreads are as tight as the Premium account. The main differences with this account type are it does not include signals, the chart data that comes with the four standard accounts above and leverage is reduced to 1:00. The advantage with this account is to be able to use the AFX Fast platform for your trading.
STO is part of a larger investment company, AFX Group. STO is collaborating with AFX Group’s wealth portfolio management division Quantic (CySEC Licence No. 119/10 and Registration No. 253014) to offer STO clients access to additional investment services. Quantic has developed a specific strategy for STO based on Quantic’s institutional Global Macro. STO offers all suitable investors access to a leveraged version of the institutional portfolio management strategy called Investo if you wish to have a managed setup instead of making trades yourself. For more information read more here.
STO gives you two ways to trade – with MT4 or with AFX Fast.
With the MT4 platform, you can trade anywhere, anytime via STO’s WebTrader. It has unmatched system stability and can be accessed from your mobile, giving you greater flexibility to trade. It provides excellent market execution, access to STO’s EAs, fast-switching between multiple accounts, a strategy tester and live market news.
AFX Fast is a compelling institutional trading platform. With this platform, you will get a unique combination of cutting-edge technology and smooth, professional user experience. With this platform, you get multi-level pricing, charting tools, and easy access to reports and position tracking.
Client Service & Onboarding
Following signing up for your account, STO will need to complete their back-office work. This is where they check the papers you have submitted to support your account. This is done quickly as the STO back office department is open until 8 pm Cyprus time. Documents should be either sent via email or uploaded through the trading area. As soon as your registration is complete, you will get a phone call to see if you need help with completing the documents.
Clients have access to 24/5 live chat support, and each client has a dedicated account manager who can be reached via e-mail, Skype and phone.
Deposits and Withdrawals
You can make deposits with STO by way of traditional credit cards or by banking wire transfer. You can also use alternative payment systems, such as Skrill, Przelewy24, WebMoney, Neteller, CashU, Qiwi. Your deposits can be made in EUR, GBP, and USD. For further information, you can visit them online.
Withdrawals are processed within the same day if requested during working hours or if not; they are processed on the next working day. Withdrawals will be returned to you using the same method you deposited with.
- Choose from 300+ trading instruments across six asset classes
- Trade with a regulated broker that operates a pure STP policy
- Benefit from tight spreads, superfast execution, flexible leverage, and low margins
- Access advanced trading tools including 12 EAs and 15 Chart Indicators
- Develop your trading knowledge through webinars, video courses, and market analysis
- Benefit from negative balance protection
- Choose from a wide range of deposit and withdrawal options
- Trade on STO’s industry-leading MT4 and AFX Fast platforms
STO Vs. HotForex
|Funding||Bank wire, Visa/Mastercard, WebMoney, Skrill , Neteller, Unionpay||Bank wire, Visa/Mastercard, Skrill, Neteller and many more|
|Regulated||UK FCA Registration No.56087, EU CySEC License No. 119/10, FSCA No. 07612002).||FSCA No.46632|
|Minimum Spread||0.0 pips||0.0 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit STO||Visit HotForex|
STO Vs. FXTM
|Funding||Bank wire, Visa/Mastercard, WebMoney, Skrill , Neteller, Unionpay||Bank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more|
|Regulated||UK FCA Registration No.56087, EU CySEC License No. 119/10, FSCA No. 07612002).||FSCA No.46614, FCA, CySEC, IFSC|
|Minimum Spread||0.0 pips||0.1 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit STO||Visit FXTM|
With several account types to choose from, there is something for all traders at STO. They are well-regulated by trusted bodies and offer excellent customer and trading support. With support for MT4 and tight, competitive spreads, they are a recommended broker for those looking for the no-frills traditional approach to Forex trading.