Overview of ST Market
STMarket, established in 2020 and headquartered in Cambodia, regulated by SERC. This broker offers a wide range of tradable assets, including forex, metals, energies, indices, and cryptocurrencies, through the Meta Trader 5 platform. Attending to a various clientele, STMarket provides various account types such as STANDARD, PREMIUM, and ECN accounts, with a minimum deposit requirement starting from $50. Despite the absence of educational resources, it supports multiple deposit and withdrawal methods and offers customer support through phone and email, alongside physical offices in the UK and Cambodia.
Pros and Cons
ST Market offers up to 1:200 leverage on Indices and competitive spreads for Forex, attractive for traders looking for high leverage and low-cost trading. The broker also provides the MetaTrader 5 (MT5) platform, which is well-regarded in the industry for its advanced features. The broker facilitates transactions with various deposit and withdrawal methods, adding convenience.
However, commissions on most accounts and a minimum withdrawal limit could be considered restrictive.
Is ST Market legit or a scam?
ST Market is regulated by SERC in Cambodia, with the license number of 00049975
Market Instruments
ST Market presents a wide assortment of trading instruments across several categories:
- Forex: Offers tight spreads from 0.1 pips, appealing to competitive forex trading environments.
- Metals: Enables trading in key precious metals, aiding in investment diversification.
- Energies: Provides opportunities for speculation in the energy sector with commodities like Oil and Natural Gas.
- Indices: Allows trading on major global indices with leverage options up to 1:200.
- Cryptocurrencies: Grants access to the burgeoning cryptocurrency market, highlighting the platform's versatility.
Account Types
STMarket offers three trading account types, appealing to various trader needs and preferences:
- STANDARD ACCOUNT: Ideal for beginners with a $50minimum deposit, spreads starting from 1.6 pips for FX majors, and leverage up to 1:99+. It offers zero commissions on forex trading, with $20 per lot commissions for stock indices.
- PREMIUM ACCOUNT: Requires a $100 minimum deposit, offering tighter spreads from 1.2 pips for FX majors, and the same leverage up to 1:99+. This account type also features $15 per lot commissions for stock indices trading.
- ECN ACCOUNT: Tailored for advanced traders, with a $200 minimum deposit, raw spreads starting from 0.2 pips for FX majors, and leverage up to 1:99+. It introduces commissions from $6 per lot on forex trades, offering the most competitive conditions for high-volume trading.
A demo account is also available for practice trading.
How to Open an Account with ST Market
Opening an account with STMarket involves a straightforward process: visiting the website, selecting the desired account type, filling out the registration form, completing verification with required documents, and funding the account through preferred payment methods.
Leverage
STMarket provides a maximum trading leverage of up to 1:99+ for all its trading accounts. This enables traders to magnify their trading capacity with a minimal capital outlay. Leveraging such high levels demands a disciplined approach to trading, taking into account both the opportunities and the risks involved.
Spreads & Commissions
The Standard Account features minimum spreads starting at 1.6 pips for FX Majors and 1.5 pips for Gold, with commission-free trading for most instruments, except stock indices which attract a commission of $20 per lot.
The Premium Account improves on this with spreads beginning at 1.2 pips for FX Majors and 1 pip for Gold, alongside reduced stock indices commissions of $15 per lot.
For traders seeking tighter spreads, the ECN Account provides raw spreads from as low as 0.2 pips for FX Majors and 0.5 pips for Gold, with a modest commission of $6 per lot extending to stock indices as well.
Trading Platform
ST Market equips its traders with the MetaTrader 5 (MT5) platform, distinguished by its state-of-the-art functionality and adaptability. MT5 serves a wide array of traders, delivering an all-encompassing set of tools for efficient charting, order placement, and position management. With its user-friendly and adaptable interface, the platform suits myriad trading preferences. It spans desktop and web versions for broad device compatibility. Moreover, the MT5 mobile application enriches trading experiences on iOS and Android, integrating advanced order options and detailed market insights.
Deposit & Withdrawal
ST Market offers a variety of deposit and withdrawal methods to suit client preferences, including Paysafe, Neteller, Skrill, 24/7 E-payment, and online banking transfer. The platform supports Bank Wire, major Credit/Debit Cards, Third Party P2P Payment, and China Union Pay for deposits, without charging any deposit fees.
Withdrawals have a minimum limit of 100 USD, with smaller amounts being processed monthly on the 10th, or the following workday if the 10th is not a working day.
Customer Support
ST Market ensures 5-24 hour support availability, whether through face-to-face interactions, phone communications, or email:
CONTACT NUMBER:
UK Office: +44 (0) 800 368 9785
Cambodia Office: +855 (0) 10883 288
Thailand Office: +66 (0) 2114 7415
REGISTERED OFFICE ADDRESS:
STMarket Company Limited
AMASS Tower, Floor 23, Street 63,Phum 6, Boeng Keng Kang 1, Phnom Penh, Cambodia
STMarket UK Limited
20-22 Wenlock Road, London, England, N1 7GU, United Kingdom
EMAIL ADDRESS:
info@stmarket.com
Thai@stmarket.com
Conclusion
ST Market, founded in 2020 and based in Cambodia, offers a suite of trading assets, blending benefits with potential risks. Its various asset range, competitive pricing, and leverage options are created to meet varied trader needs. The adoption of MetaTrader 5 underscores its commitment to providing a robust trading platform. Nonetheless, the commission fees, withdrawal restrictions, and limited customer support highlight areas of caution for prospective clients.
FAQs
What account types are available?
ST Market offers varied account types, with a minimal initial deposit requirement of $50 to accommodate different traders.
Which trading platform does ST Market use?
The brokerage utilizes MetaTrader 5, offering advanced functionalities for an enriched trading experience.
What's the starting deposit at ST Market?
An initial deposit of $50 is required to begin trading.
Are there commission fees?
Yes, most accounts at ST Market are subject to commission fees.
What's the withdrawal threshold?
Withdrawals must meet or exceed $100 at ST Market.
Can I trade crypto assets?
Cryptocurrency trading is supported, adding to ST Market's asset diversity.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders.
