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STO Forex Broker Review

By Jeffrey Cammack Updated: July 12th, 2019
Average Score

3/5

Min. Deposit $100
Max. Leverage 500:1
Min. Spread 0 pips
Regulators CySEC,FCA,FSCA
Regulator Origin CySEC FCA FSCA
Broker Type ECN/STP

Summary

STO is a multinational FCA & CySEC regulated FX and CFD broker, which prides itself on its world-class trading environment with MT4 & AFX Fast trading platforms. They offer clients 5 different account types, tight spreads from 0 pips, and access to trade on 300+ instruments across 7 asset classes.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Bonuses None
Beginner Friendly Standard
About our review process

Trading Conditions

Minimum deposit $100
Base currencies EUR, USD, GBP
Number of FX Pairs 50+
Hedging Allowed No
Scalping No
Swap-Free Accounts Yes

Average Spreads

EUR / USD 1.6
GBP / USD 1.7
USD / JPY 1.6

Company Details

Company name AFX Capital Markets Ltd
Founded 2009
Website Visit site
Type ECN/STP
Regulators CySEC,FCA,FSCA
Office locations Cyprus

Deposit & Withdrawal Methods

Supported Platforms for STO Forex

STO Forex Broker Detailed Review

STO gives traders a place to invest but also teach you how to get the most out of your trading activities. Depending on the account type, traders can access 12 EAs, 15 chart indicators, trading signals, a VPS service, trading tools, and calculators. You can also use their webinars, seminars and trading courses to improve your knowledge and explore different trading strategies.

Is STO Safe?

The focus at STO is to maintain a world-class trading environment, supported by strong customer service, at all times. In line with regulation, the safety of client funds is of the utmost importance and deposits are held segregated accounts in top-tier EU banks, including Barclays UK.

Winner of the Forex Broker of the Year 2014 Award (Mena Forex Awards), and regulated by the FCA (license: 560872) since 09/08/2010
and CySEC (license: 119/10) since 119/10, STO is a safe broker to trade with.

STO for Beginners

STP is an ECN/STP broker, where much of the focus is on reducing the cost per trade for clients. That said, STO offers strong support for traders with a premium set of EAs (Expert Advisors), Strategy lessons and free signals. Client services are available 24/5 to help with account-related and technical setup questions.

Educational Material

STO offers structured education to those who register for a live account. Split into two courses, classic and advanced; there are eight lessons on topics from the basics of technical trading and risk management to fundamental analysis. While this course will not suit advanced traders, both courses will serve beginner traders well. A downloadable ebook is available upon registration of a demo account.

At times in the past, STO has been very active in webinars where an analyst will walks traders through different forms of analysis or a new approach to including tools in their trading.

Analysis Material

Premium, Pro and VIP client accounts receive premium EAs. Clients who deposit will receive an email notification to download the EAs which will automatically be integrated to the trading platform and ready to be used.

Premium chart indicators and trading signals for FX, Index, Oils, Metals and Shares are free of charge, as well as a library of more than 70 different trading strategies.

Client Onboarding

Following signing up for your account, STO will need to complete their back-office work, where they check the papers you have submitted to support your account. This is done quickly as the STO back-office department is open until 8 pm Cyprus time. Documents should be either sent via email or uploaded through the trading area. As soon as your registration is complete, you will get a phone call to see if you need help with completing the documents.

Customer Service

Clients have access to 24/5 live chat support, and each client has a dedicated account manager who can be reached via e-mail, Skype and phone.

Trading Conditions

All accounts have Negative balance protection and offer trading conditions and opening requirements suitable for the beginner, experienced and professional trader. STO Clients can trade seven asset classes – Forex, Indices, Metals, Oil, Equities and Bonds,

Standard Account Types

Classic

The STO Classic account requires a minimum deposit of $100, which then opens access to the MT4 platform and spreads from 1.6 pips with leverage from 1:500. Shares, bonds, oil, and metals can be traded in addition to FX and other CFDs.

The STO classic account does include free trading signals but does not include the EAs or additional chart indicators.

Premium

The STO Premium account has spreads as tight as 0.4 pips in exchange for a higher initial deposit of $2000. Besides getting access to three months of historical chart data and indicators plus the EAs, much is the same on the account – the MT4 trading platform is standard and leverage up to 1:500.

Pro

The STP Pro account tightens spreads even more up to 0.3 pips. With a higher minimum deposit of $10,000, this account is targetted at the experienced trader.

The Pro account includes six months of historical charts data, MT4 and leverage up to 1:200.

VIP

The STO VIP account with spreads from 0.0 pips and 12 months of chart data, and is targetted at the professional trader. The minimum deposit for this account type is $50,000. Share trading is not available on this account.

AFX Fast

The AFX Fast account uses the AFX Fast platform instead of the MT4 platform. Opening conditions require a minimum deposit of $2,000. The spreads are as tight as the Premium account at 0.4 pips, but leverage is reduced to 1:100.

This account does not include signals, EAs, chart data or trading signals.

STO Forex Account Types
Account Types & Features

Managed Accounts

STO is part of a larger investment company, AFX Group. STO is collaborating with AFX Group’s wealth portfolio management division Quantic (CySEC Licence No. 119/10 and Registration No. 253014) to offer STO clients access to additional investment services. Quantic has developed a specific strategy for STO based on Quantic’s institutional Global Macro. STO offers all suitable investors access to a leveraged version of the institutional portfolio management strategy called Investo if you wish to have a managed setup instead of making trades yourself. For more information read more here.

Trading Platforms

STO gives you two ways to trade – with MT4 or with AFX Fast.

With the MT4 platform, you can trade anywhere, anytime via STO’s WebTrader. It has unmatched system stability and can be accessed from your mobile, giving you greater flexibility to trade. It provides excellent market execution, access to STO’s EAs, fast-switching between multiple accounts, a strategy tester and live market news.

AFX Fast is a compelling institutional trading platform. With this platform, you will get a unique combination of cutting-edge technology and smooth, professional user experience. With this platform, you get multi-level pricing, charting tools, and easy access to reports and position tracking.

Deposits and Withdrawals

You can make deposits with STO by way of traditional credit cards or by banking wire transfer. You can also use alternative payment systems, such as Skrill, Przelewy24, WebMoney, Neteller, CashU, Qiwi. Your deposits can be made in EUR, GBP, and USD. For further information, you can visit them online.

Withdrawals are processed within the same day if requested during working hours or if not; they are processed on the next working day. Withdrawals will be returned to you using the same method you deposited with.

STO Forex Highlights

  • Choose from 300+ trading instruments across six asset classes
  • Trade with a regulated broker that operates a pure STP policy
  • Benefit from tight spreads, superfast execution, flexible leverage, and low margins
  • Access advanced trading tools including 12 EAs and 15 Chart Indicators
  • Develop your trading knowledge through webinars, video courses, and market analysis
  • Benefit from negative balance protection
  • Choose from a wide range of deposit and withdrawal options
  • Trade on STO’s industry-leading MT4 and AFX Fast platforms

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the STO Forex offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

STO Forex Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. STO Forex would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.62% of retail investor accounts lose money when trading CFDs with AFX Capital Markets Ltd. 62.75% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall

With several account types to choose from, there is something for all traders at STO. They are well-regulated by trusted bodies and offer excellent customer and trading support. With support for MT4 and tight, competitive spreads, they are a recommended broker for those looking for the no-frills traditional approach to Forex trading.

Compare Brokers

STO Forex HotForex FXTM
Funding Bank Transfer, Visa, Mastercard, WebMoney, Skrill , Neteller, Unionpay Mastercard, Visa, UnionPay, Neteller, Skrill, Bitcoin, Bank Transfer Mastercard, Visa, Maestro, UnionPay, Neteller, Skrill, Bitcoin, Bank Transfer
Regulated CySEC FCA FSCA CySEC FCA FSCA DFSA FSC CySEC FSCA
Broker Type ECN/STP ECN/STP ECN/STP
Currency Pairs 50+ 51 59
Minimum Spread 0 0 0.1
Minimum Deposit $100 $5 $10
Max Leverage 500:1 500:1 Flexible
Visit Website Visit STO Forex Visit HotForex Visit FXTM
Expert Review Read review Read review Read review

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. 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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