Stockity

Overview of Stockity

Stockity, operated by Caracol Ltd in the Marshall Islands, is an unregulated broker that offers trading services in various financial instruments. The lack of legitimate regulation raises concerns about the credibility and reliability of the platform. Investors should exercise caution when considering Stockity due to associated risks. The platform provides CFDs and Fixed Time Trades (FTT) on a wide range of assets, including stocks, indices, commodities, and currencies. They offer multiple account types with different features and benefits, such as deposit bonuses and withdrawal processing times. Stockity charges a commission of 0.02% on trades, with a minimum trade amount of $1 and a minimum deposit requirement of $10. They accept various payment options for deposits and withdrawals, but fees may apply based on the operation and client's country. Stockity's user-friendly mobile trading platform allows investors to trade from anywhere within specified trading hours. They offer tournaments, trading tools, and some free educational resources. However, it's important to note that Stockity operates without legitimate regulation, which raises concerns about its credibility and reliability. Investors should approach this platform with caution due to associated risks.

Pros and Cons

Stockity offers multiple account types, a demo account, and a low minimum trade amount of $1. The platform can be accessed easily through a mobile app, and it offers a variety of tournaments for users to participate in. The trading platform is user-friendly, and round-the-clock customer support is available. However, Stockity's lack of legitimate regulation raises concerns about its credibility and reliability. Limited information is provided regarding educational resources and profitability rates for each account type. Withdrawal fees may apply, and the platform has limited trading hours. Additionally, there is limited transparency regarding specific payment fees and terms.

Is Stockity Legit？

Stockity, a broker, operates without any legitimate regulation, raising concerns about its credibility and reliability. Investors should exercise caution when engaging with Stockity due to the lack of oversight and the associated risks involved.

Market Instruments

CFDs: CFDs allow clients to speculate on the price movements of various underlying assets without owning them. Clients can trade CFDs on a wide range of financial instruments, including stocks, indices, commodities, and currencies. For example, clients can trade CFDs on popular stocks like Apple, Google, and Amazon, as well as major currency pairs like EUR/USD and GBP/JPY. When opening a CFD trade, clients specify the asset, investment amount, multiplier, and the direction of chart movement.

FTT: Fixed Time Trades (FTT) provide clients with the opportunity to make predictions on the price direction of an asset within a specified time frame. The asset options for FTT include stocks, indices, commodities, and currencies. Clients can choose to trade FTT on assets such as gold, oil, S&P 500 index, and EUR/GBP currency pair. When opening an FTT trade, clients indicate the asset, investment amount, direction of chart movement, and the desired closing time for the trade.

Account Types

Stockity offers multiple account types to cater to different investor preferences.

1. FREE Account: This basic account type allows users to get started with Stockity without any initial deposit requirements.

2. STANDARD Account: The Standard account provides access to a range of features such as assets, tournaments, withdrawals, and deposit bonuses up to 100%. It offers a profitability rate of up to 85% and a withdrawal processing time of 32 hours.

3. GOLD Account: The Gold account includes additional benefits such as cashback, insurance, a personal manager, prizes, and risk-free trades. It offers deposit bonuses up to 150% and a higher profitability rate of up to 90%. Withdrawals are processed within 48 hours.

4. VIP Account: The VIP account is designed for experienced and high-volume traders. It provides exclusive benefits, including cashback plus, faster withdrawal processing times (within 24 hours), deposit bonuses up to 200%, and a profitability rate of up to 90%.

5. PLATINUM Account: The Platinum account is a premium option offering enhanced benefits such as deposit bonuses up to 300%, a profitability rate of up to 90%, and a high priority status for account-related queries. Withdrawals are processed within 4 hours.

Additionally, Stockity provides a demo account with a virtual balance of $10,000, allowing users to practice trading strategies and familiarize themselves with the platform before investing real money.

Commissions

Stockity charges a commission of 0.02% of the trade volume when initiating a trade. This commission is deducted from the client's demo account and is rounded up to the nearest tenth in the demo account currency.

Minimum Trade Amount

Stockity offers a minimum trade amount of $1, making it accessible to a wide range of individuals. This low entry requirement allows anyone to participate in trading, regardless of their financial capacity.

Minimum Deposit

The minimum deposit required by Stockity is a mere $10.

Deposit & Withdrawal

Stockity offers a deposit and withdrawal process with various payment options. Users can deposit funds using Binance Pay, Tether, BTC, Litecoin, or Ethereum. The platform ensures swift withdrawals, allowing users to easily access their funds when needed. However, it's important to note that the company may charge fees based on the type of operation, payment method, and client's country. For example, a 10% fee applies to withdrawal requests exceeding the limit of 1 within 24 hours for clients in India and Vietnam, while a 2% fee applies to similar requests in Indonesia. The company disclaims responsibility for delays or failures in payments due to payment system issues. Clients must notify the company of any complaints regarding payment systems. Additionally, if a client decides to withdraw funds before reaching double their trading turnover, a 10% withdrawal fee will apply based on the account balance or the client's last deposit, whichever is greater.

Trading Platforms

Stockity offers a user-friendly trading platform through its mobile app, allowing investors to trade from anywhere. The app is available for download on both the App Store and Google Play, providing accessibility to a wide range of users.

Tournaments

Stockity offers a variety of tournaments with different participation fees and prize funds. Some of the ongoing tournaments include Road (participation fee: $50.00, prize fund: $55,000.00), Victory (participation fee: $35.00, prize fund: $40,000.00), Week (participation fee: $17.00, prize fund: $8,500.00), and Daily Free (no participation fee, prize fund: $300.00). Upcoming tournaments include Prestige (participation fee: $200.00, prize fund: $15,000.00) and Diamond (31/150 filled spots, participation fee: $10.00, prize fund: $2,500.00).

Trading Tools

Stockity offers a range of trading tools, including 30 analytical tools, allowing users to select from various indicators and drawing tools to conduct chart analysis.

Educational Resources

Stockity offers a range of free educational resources. These resources include educational materials and tools that allow traders to test their strategies and improve their trading outcomes. However, specific details regarding the content and nature of these educational resources are not provided.

Trading Hours

Stockity's trading hours are limited to Monday from 07:00 UTC to Friday until 21:00 UTC. Trading operations, such as opening or closing trades, are not available outside of this specified period. Additionally, if there are holidays during the trading hours, trading operations for the affected assets will not be conducted on the platform.

Customer Support

Stockity's customer support is available round the clock, ensuring assistance at any time of the day. You can reach out to them at support@stockity.id. The company is registered under Reg.No. 114137 and operates from Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960.

Conclusion

In conclusion, Stockity, operated by Caracol Ltd and based in the Marshall Islands, offers various market instruments such as CFDs and FTTs for clients to trade on a wide range of financial assets. While Stockity provides multiple account types and a user-friendly mobile trading platform, it lacks legitimate regulation, raising concerns about its credibility and reliability. The company charges a commission for trades and imposes fees for withdrawals exceeding certain limits, which may vary based on the client's country. Stockity offers educational resources and trading tools but lacks specific information regarding their content. The trading hours are limited to weekdays, and trading operations are not available outside the specified period. Customer support is available round the clock, and the company operates from the Marshall Islands. It is important for investors to exercise caution and thoroughly evaluate the associated risks before engaging with Stockity due to its lack of oversight.

FAQs

Q: Is Stockity a legitimate broker？

A: Stockity operates without proper regulation, raising concerns about its credibility and reliability.

Q: What are the available account types？

A: Stockity offers FREE, STANDARD, GOLD, VIP, and PLATINUM account types.

Q: What is the minimum trade amount？

A: The minimum trade amount on Stockity is $1.

Q: What is the minimum deposit required？

A: Stockity requires a minimum deposit of $10.

Q: What payment options are available for deposits and withdrawals？

A: Stockity accepts Binance Pay, Tether, BTC, Litecoin, and Ethereum for deposits and withdrawals.

Q: What are the trading platforms provided by Stockity？

A: Stockity offers a user-friendly mobile app available for download on the App Store and Google Play.

Q: Are there any educational resources available？

A: Stockity provides free educational resources, although specific details are not provided.

Q: What are the trading hours on Stockity？

A: Stockity's trading hours are from Monday 07:00 UTC to Friday 21:00 UTC.

Q: How can I contact Stockity's customer support？

A: You can reach Stockity's customer support at support@stockity.id.