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STO Forex Broker provides real users with * positive reviews, 1 neutral reviews and 8 exposure review!

STO Broker Review

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STO Review 9

Latest All(9) Neutral(1) Exposure(8)
Exposure
Sto black platform fraud

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...

林裕杰
2023-07-13
Neutral

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.

FX1263869432
2023-02-23
Exposure
STO is a scamer! They will drive you to another trading platform to cover them.

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.

FX2046354843
2021-09-16
Exposure
Who has been cheated like me???

I deposited 10,000 yuan on April 2. But I am unable to withdraw. That is my hard-earned money!!! At first, they told you this investment was profitable via WeChat. And they taught you to operate via YY. In the end, you were told to add positions for wrong operations. I hope there will be no more person cheated... If you encounter sucn kind of things, please call the police. If there are many people calling the police, the police will attach more importance to this case!!!

FX3743971266
2021-04-16
Exposure
Unable to withdraw

account frozen after trying to withdraw without any reason or course, no help has been given by the broker, broker suspicious

FX2257699115
2021-04-07
Exposure
My account has been frozen!!! What should I do???

After the operation of 4/2, I kept applying for withdrawal after I did not withdraw my account the next day, and the amount is still frozen. What should I do?

FX3743971266
2021-04-06
Exposure
STO trading-unable to withdraw money

On April 2nd, I charged 10,000yuan on the STO trading platform. After withdrawal, I did not receive money the next day. So I went to the customer service and got such result! I made some research and found that the STO transaction was actually Shitou International, whose business had been suspended. Then why could I still operate normally during the period?[d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d][d83d][de2d]

FX3743971266
2021-04-04
Exposure
I wanna expose this fraud broker!!!

I want to use my salary for a few months to invest. I saw someone trading on STO in Moments. I was very excited about the transaction income. After normal operation, the funds cannot be received. I contacted the customer service. She said that my operation is risky. , I am very angry when I refuse to withdraw money!

FX3743971266
2021-04-03

  

STO 2025 Review: Everything You Need to Know

  STO, a trading name of AFX Group, has been a prominent player in the forex and CFD markets since its establishment in 2009. This review summarizes the overall sentiment surrounding the broker, highlighting its features, user experiences, and regulatory status. While many users appreciate the range of trading instruments and educational resources, concerns about its regulatory compliance and customer support persist.

  Note: It's crucial to recognize that STO operates through various entities across different jurisdictions, which may affect the services provided. This review aims to present a balanced perspective based on multiple sources to ensure fairness and accuracy.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service & Support 5
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  We score brokers based on user feedback, expert opinions, and factual data gathered from various sources.

  

Broker Overview

  Founded in 2009, STO is headquartered in Cyprus and operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. The broker primarily offers trading through the popular MetaTrader 4 (MT4) platform, as well as its proprietary AFX Fast platform. Traders can access a diverse range of assets, including forex, commodities, cryptocurrencies, and CFDs. However, it is essential to note that both regulatory licenses for STO's parent companies have been suspended since 2019, which raises significant concerns regarding its trustworthiness.

  

Detailed Review

  

Regulatory Regions

  STO is regulated by both the FCA and CySEC, which are reputable authorities in the financial industry. However, as noted in various reviews, these licenses have been suspended due to compliance issues. According to Forexing.com, the company has faced scrutiny from regulators, which has led to a halt in its services. This situation raises questions about the broker's operational integrity.

  

Deposit/Withdrawal Currencies

  STO supports multiple deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller. Clients can deposit in major currencies such as EUR, USD, GBP, and PLN. However, the lack of transparency regarding withdrawal times and potential fees has been a point of contention among users.

  

Minimum Deposit

  The minimum deposit required to open a trading account with STO is $100 for the Classic account, which is suitable for beginners. Higher-tier accounts, such as the Premium and Pro accounts, require minimum deposits of $2,000 and $10,000, respectively. This tiered structure allows traders to select an account that aligns with their experience and trading goals.

  

Bonuses/Promotions

  STO does not appear to offer significant bonuses or promotional incentives to new clients, which is a common practice among many brokers. This lack of promotional offerings may deter some traders looking for added value when opening an account.

  

Tradable Asset Classes

  STO provides access to over 300 financial instruments across various asset classes, including forex pairs, commodities, indices, and cryptocurrencies. The inclusion of cryptocurrencies like Bitcoin, Ethereum, and Litecoin is a notable feature, especially for traders interested in diversifying their portfolios.

  

Costs (Spreads, Fees, Commissions)

  The broker offers commission-free trading, with spreads starting as low as 0.0 pips for VIP accounts and around 1.6 pips for the Classic account. However, some reviews indicate that the spreads are not always competitive when compared to other brokers in the market. Additionally, users should be aware of potential fees associated with certain withdrawal methods.

  

Leverage

  STO offers leverage up to 1:500, which is significantly higher than the maximum leverage allowed by many regulators in Europe, typically capped at 1:30. This high leverage can amplify both potential gains and losses, making it essential for traders to use it cautiously.

  

Allowed Trading Platforms

  STO primarily utilizes the MetaTrader 4 platform, known for its robust features and user-friendly interface. The AFX Fast platform is also available, designed for professional traders seeking an ECN/STP execution model. Both platforms support a variety of trading strategies and tools, enhancing the overall trading experience.

  

Restricted Regions

  STO does not accept clients from the United States, which is a common restriction among many forex brokers. Traders from other regions should verify the broker's services in their respective countries, as regulations may vary.

  

Available Customer Service Languages

  STO offers customer support in multiple languages, including English, Arabic, Chinese, Italian, Polish, and Russian. However, the quality of customer service has been criticized, with reports of slow response times and inadequate support for users facing issues.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service & Support 5
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  

Detailed Breakdown

  •   Account Conditions (6/10): STO offers various account types catering to different trader levels, but the minimum deposit requirements may be high for some beginners.

  •   Tools and Resources (7/10): The availability of educational materials and trading tools is commendable, though users have noted that the quality of customer support could be improved.

  •   Customer Service & Support (5/10): Mixed reviews regarding customer support highlight the need for improvement in response times and issue resolution.

  •   Trading Setup (6/10): The trading experience is generally positive, with access to popular platforms and diverse instruments, but regulatory concerns may overshadow this.

  •   Trustworthiness (4/10): The suspension of licenses by regulatory bodies raises significant concerns about the broker's reliability and operational integrity.

  •   User Experience (5/10): Overall user experiences are varied, with some traders appreciating the educational resources while others express frustration with customer service.

  •   In conclusion, while STO offers a range of trading options and resources, the regulatory issues and mixed user experiences warrant caution for prospective traders. As with any investment, thorough research and consideration of personal risk tolerance are essential before engaging with this broker.

STO review