Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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STO Broker Review

  1. STO is a trade name of AFX Markets Ltd, which is a company authorized by the Financial Conduct Authority in the UK to provide trading services in the UK. STO, stands for Super Trading Online, is also regulated by CySEC on Cyprus, through the AFX Capital Markets Limited. They are also registered with several other EU national authorities using the MiFID passporting regime. Other than the regulatory status, traders may be interested in the fact that STO offers more than 300 instruments and two types of trading platforms. With STO traders can trade with underlying assets from several asset classes like stocks, bonds, currencies, indices and commodities. The availability of assets and the amount of leverage per each asset will depend on the type of the account that is chosen – take a look at the rest of our STO review to find out more.

  2. With STO traders can choose between several types of accounts. Most people probably choose the Classic account that starts only from $100. Naturally, they can also use the STO Demo account with virtual $50.000 to practice before they start investing their own money. Meanwhile we don’t really think this is something we need to highlight with Forex/CFDs brokers. Traders who prefer higher volumes will seek lower spreads and probably a commission model. In any case, STO is equipped to serve all kinds of traders, so take a look at the types of accounts overview below to figure out what might be best for you:

    STO Classic MT4

    • Minimum deposit from $100 for CySEC accounts
    • Minimum deposit for $200 for FCA accounts
    • Up to 1:500 leverage
    • Spreads from 1.6 pips
    • No commission
    • Stop out 20%

    STO Premium MT4

    • minimum deposit of $2000
    • up to 1:500 leverage
    • Spreads from 0.4 pips
    • $2.5/lot commission (close also carries same commission)
    • stop out 30%

    STO Pro MT4

    • minimum deposit $10000
    • leverage up to 1:200
    • spread from 0.3 pips
    • $2 commission per side
    • Stop out 50%

    STO VIP MT4

    • Minimum $50000 deposit
    • Spread from 0 pips
    • 1:200 leverage
    • no GBP accounts
    • 150% margin call
    • 100% stop out
    • $1.5 commission
    • trading in shares not possible

    AFX Fast

    • AFX platform
    • Minimum $2000
    • Nos shares or bonds trading
    • Spread from 0.4 pips
    • $2.5 commission

    Regarding leverage, we must note that even though STO does support super high leverage ratios when trading – up to 1:500, the default will be set at 1:50 and the possibility to increase will depend on the assessment if the trader has the experience to trade with heavily leveraged products.

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    Between 74-89 % of retail investor accounts lose money when trading CFDs
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  5. In addition to the MetaTrader4, STO offers their own platform, called AFX fast. Since most of customers will have a lot of opportunities to meet MT4 platform which can be considered a standard on the Forex/CFDs market, also creeping into binary options, we will focus our STO platform review on the AFX fast.

    The look and feel of the AFX Fast is a bit different than what we are used to from the MetaTrader products. On the left is the quote list showing assets. Middle is the trade board that presents assets with sell and buy buttons in red and blue. Each asset is a separate box where the amount of lots can be selected and big buttons can be used to place the trade. Spread indicator is also below the buttons.

    After the trade is placed, it is shown in the bottom part with the open positions, which is a switch board with another tab being open orders. Each trade listed has buttons to control the position – one can either close it. Double up on the position or trade in reverse of the position.

    On the top bar of the platform, the trader can see the cash, equity margin and other info. There hedging can be switched on as well as 1-click trading. On the right side, the pane can show either currency exposure or account summary.

    On the top, the other tabs offer access to the charting tool which is really good. With the tabbed structure it enables work on several positions at once. There is also an activity log and one can also arrange the looks of the platform according to own preferences. The trades are visible in a strip in the bottom, even when chart analysis is in progress.

    The asset selection is wide and STO offers many types of underlying assets to trade CFDs on their platforms.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. Support with STO is fairly standard, offering live chat, phone lines and email contact. The website, other than English has also an Arabic, Chinese, Hungarian, Italian, Polish and Russian version. We were missing an FAQ to have a good overview of the info on the broker. Many customers use it to get the most important info in one place instead of zooming around the website.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. The registration number with FCA is 560872, while the CySEC licence no. is 119/10. This will help any cutomer to check if the info the broker presents is valid. We do it during the review, but there have been instances where suspended licences were advertised – not so with STO.

    There are several ways to deposit with the broker. As always clients can use credit and debit cards, along with the wire transfer. These are mostly services provided by their banks. Other types of banking solutions that can be used with STO are:

    • Skrill
    • Przelewy24
    • CashU
    • WebMoney
    • PaySafecard
    • Neteller
    • Qiwi

    Minimum deposit is $20 for most payment methods other than bank wire which requires $200 minimum. One can deposit less via bank wire, but a processing fee of $20 will be charged.

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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