Overview of Stockity
Founded in 2024, Stockity is a forex broker registered in the Marshall Islands and operated by Caracol Ltd. Stockity offers five account types, including Free, Standard, Gold, VIP, and Platinum. The broker provides access to 32 to 75 tradable assets, depending on the account type, through its proprietary trading platform. However, it lacks regulatory oversight. Stockity facilitates transactions through various local payment methods like QRIS, Dana, and OVO, and offers customer support via email.
Pros and Cons
Stockity offers five account types, including options such as tournaments and bonuses. However, the absence of regulatory oversight is a significant drawback, as it means there is no external authority ensuring the broker's adherence to fair and transparent practices.
Furthermore, Stockity lacks transparency regarding leverage, spreads, and commissions, which can obscure the true cost of trading and potentially lead to unexpected expenses. The limited information on asset categories makes it challenging for traders to understand what instruments are available. Additionally, the absence of phone support can hinder timely communication and assistance.
Is Stockity legit or a scam？
Stockity operates without regulation from any recognized financial authority. This absence of regulation indicates the potential for unfair trading practices and issues with fund security.
Market Instruments
Stockity claims to provide various trading instruments, with the number of assets ranging from 32 to 75 depending on the account type. Unfortunately, there is a lack of transparency about the types of assets or products available for trading.
Account Types
Stockity offers five types of trading accounts: Free, Standard, Gold, VIP, and Platinum. It also offers a Demo account.
Free Account: Suitable for new traders who wish to explore the platform and its features without any financial commitment.
Standard Account: With a $10 minimum deposit, this account provides access to 48 assets, up to 100% deposit bonus, and 3-day withdrawal processing.
Gold Account: Offers access to 61 assets, 150% deposit bonus, 5% cashback, happy hour trading, and 24-hour withdrawal processing.
VIP Account: Includes access to 75 assets, 200% deposit bonus, 10% cashback, insurance, a personal manager, gifts, risk-free trading, and 4-hour withdrawal processing.
Platinum Account: The premium account type, offering 75 assets, 300% deposit bonus, 10% cashback plus an additional 5%, insurance, a high-priority personal manager, gifts, risk-free trading, and 4-hour withdrawal processing.
Demo Account: Comes with $10,000 in virtual funds, allowing traders to explore the platform and gain experience without risking real money.
How to Open an Account with Stockity
Visit the Website: Navigate to the Stockity website and click on the 'Masuk' or 'Buat akun' button to start the registration process.
Fill Out the Registration Form: Enter your personal details such as email address and password.
Verify Your Email: After submitting the registration form, check your email for a verification link from Stockity and click on it to verify your email address.
Complete Account Verification: Log in to your Stockity account and complete the verification process by providing a valid ID and proof of address to ensure security and compliance.
Fund Your Account: Once your account is verified, fund it with the minimum required deposit. Stockity supports various payment methods including QRIS, Dana, Internet banking, Virtual account, OVO, and Shopee Pay. Select the payment method that suits you best and complete the transaction.
Trading Platform
Stockity provides its clients with the proprietary Stockity platform. This platform claims to emphasize convenience, allowing traders to manage their accounts and execute trades wherever they are, turning everyday moments into productive trading opportunities. The Stockity platform offers a user-friendly interface with a range of analytical tools to support both new and experienced traders. Key features include advanced charting capabilities, various drawing tools, and a selection of indicators for comprehensive market analysis.
Trading Tools
Stockity advertises 30 analytical tools, including various drawing tools and indicators, to facilitate comprehensive chart analysis.
Deposit & Withdrawal
Stockity provides various deposit and withdrawal options, including QRIS, Dana, Internet banking, Virtual account, OVO, and Shopee Pay. Withdrawal processing times vary based on the account type: three days for Standard accounts, and 24 hours or four hours for Gold, VIP, and Platinum accounts, respectively.
Customer Support
CONTACTS:
support@stockity.id
Address:
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960
Educational Resources
Stockity claims to offer free educational content, allowing traders to test and refine their trading strategies.
Conclusion
Stockity, a forex broker registered in the Marshall Islands under Caracol Ltd, presents a multiple account types and trading features such as tournaments and bonuses. Nonetheless, the broker lacks regulatory oversight. Additionally, issues with transparency in leverage, spreads, and commissions, combined with insufficient information on available asset categories, can obscure the true cost of trading. While Stockity offers various payment methods and educational resources, the absence of phone support and reliance on its proprietary platform could be limiting.
FAQs
Q: Is Stockity a regulated broker？
A: No, Stockity is not regulated by any financial authority.
Q: What types of accounts does Stockity offer？
A: Stockity provides five types of accounts: Free, Standard, Gold, VIP, and Platinum.
Q: What is the minimum deposit to start trading with Stockity？
A: The minimum deposit for a Standard account is $10.
Q: Is there a demo account available at Stockity？
A: Yes, Stockity offers a demo account with $10,000 in virtual funds.
Q: Which payment methods can I use for deposits and withdrawals on Stockity？
A: You can use QRIS, Dana, Internet banking, Virtual account, OVO, and Shopee Pay for deposits and withdrawals.
Q: How quickly are withdrawals processed at Stockity？
A: Withdrawals are processed within three days for Standard accounts, 24 hours for Gold accounts, and four hours for VIP and Platinum accounts.
Q: Does Stockity offer any educational resources？
A: Yes, Stockity claims to provide free educational resources to help traders improve their trading skills and strategies.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.
Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.
