STO Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.cnstofs.com/en/register/live, the company's legitimate regulatory information United KingdomFCAInvestment Advisory License,CyprusCYSECMarket Maker (MM), to enhance the security of the company's address .
STO Forex Broker
Basic information
Cyprus
5-10 years Regulated in United Kingdom Investment Advisory License Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
General Information
STO is a spanading name of AFX Markets Lspan 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.
Rating Index
Platinum account
Classic account
STO Similarly Rated Brokers
Latest Reviews
FX1263869432
Cyprus
The first withdrawal was successful after several days of frustration. I don’t know why I had to go through hell before I finally got my money transferred to my mobile money wallet. I hope they resolve whatever issues they have to regain the trust of their customers.
Neutral
2023-02-23
FX2046354843
Philippines
STO say they are the most trusted Binary Options Broker, but I say they are must untrustworthy broker. They are withholding my funds and not honoring my withdrawal request. Several times now they have approved it and then cancelled it. This has been going on for weeks with standard messages, "your request has been forwarded to one of our representatives" or, to our "accounts department.". From my experience STO is the same as all the others, they fall over themselves to get your money and then stall and hold up the withdrawal process hoping you will go away and forget about it because it's all to hard.
Exposure
2021-09-16
林裕杰
Taiwan
A while ago, met this girl at IG. He learned that I had to rely on myself to earn living expenses and tuition fees, so he introduced me to work in this place where smart technology was originally called Yuanhua Investment Advisory. The person who wants to work has no money at all and really only has 500 yuan left in my account, but the other party keeps asking me to deposit it into the platform of Sto, and they keep sending pictures of other people making money to lure me. My deposit was remitted in, and after the remittance, the other party blocked me and I couldn't find anyone...
Exposure
2023-07-13