ST Market (stmarket.com) positions itself as a global leader in trading solutions, offering a variety of services, including Forex, indices, commodities, and cryptocurrency trading. Despite its ambitious claims, there are several factors to weigh before committing to this platform. Below is an in-depth ST Market review of its features, advantages, and areas of concern.
Basic Details for ST Market
Website: https://stmarket.com/
Website Availability: YES
Official Address: AMASS Tower, Street 63, Phum 6, Chamkar Mon, Boeng Keng Kang Mouy, Phnom Penh, 12302, Cambodia
Regulated by: Securities and Exchange Regulator of Cambodia (Cambodia)
Domain Status:
Name: stmarket.com
Registry Domain ID: 613658580_DOMAIN_COM-VRSN
Registered On: 2006-09-30T13:17:12Z
Expires On: 2025-09-30T13:17:12Z
Updated On: 2023-10-01T10:53:46Z
Overview and Regulation
ST Market, established in 2020, operates from Cambodia and claims additional offices in the UK and Thailand. It is registered with Cambodia’s Securities and Exchange Regulator (SERC), but this license does not extend to strict forex regulation. The lack of licensing from reputable regulatory bodies like the FCA or CySEC raises concerns about its credibility for international users.
Account Types and Trading Conditions
ST Market offers three account types:
- Standard Account: $50 minimum deposit, spreads starting from 1.6 pips, and no commissions for most instruments.
- Premium Account: $100 minimum deposit, tighter spreads starting at 1.2 pips, with a $15 commission per lot for stock indices.
- ECN Account: $200 minimum deposit, raw spreads from 0.2 pips, and $6 per lot commission for forex trades.
While the options cater to different trading needs, the higher-than-average minimum deposits might deter beginners, especially as many brokers offer competitive services with lower requirements.
The maximum leverage of 1:99 across all accounts provides trading flexibility, but it demands cautious use due to the potential for amplified losses.
Trading Platform
ST Market utilizes MetaTrader 5 (MT5), a robust and popular trading platform favored for its advanced charting tools, multi-device compatibility, and algorithmic trading capabilities. However, some users have reported issues accessing the platform, with inactive download links and unverified software sources, which casts doubt on its user-friendliness and transparency.
Deposit and Withdrawal Process
The platform supports various payment methods, including credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller. Deposits are fee-free, but withdrawals require a minimum of $100 and may involve processing delays. ST Market’s vague fee structures and lack of transparent documentation about withdrawal timelines create skepticism.
Customer Support
ST Market offers multilingual customer support via phone and email, with offices listed in Cambodia and the UK. Despite these provisions, user feedback indicates inconsistent service quality and limited availability, particularly during urgent trading issues.
ST Market Strengths
- Diverse Assets: Traders can access Forex, cryptocurrencies, metals, indices, and more, appealing to those seeking portfolio diversification.
- Robust Platform: The MT5 platform offers advanced trading tools, albeit with accessibility concerns.
- Leverage Options: The maximum leverage of 1:99 is appealing to experienced traders who manage risks effectively.
ST Market Weaknesses
- Regulation: The platform’s regulatory oversight is limited to Cambodia, which does not adhere to global forex regulatory standards.
- Transparency Issues: Fees, spreads, and trading conditions lack detailed clarity.
- Reputation Concerns: Mixed reviews and warnings about possible irregularities in operations suggest caution.
- Inaccessible Platform: Reported issues with downloading and utilizing the trading platform may hinder usability.
ST Market Review – Conclusion
ST Market offers a suite of trading services with competitive features like the MT5 platform and varied account types. However, its weak regulatory status, lack of transparency, and operational inconsistencies significantly impact its credibility. Traders should weigh these factors carefully and consider alternatives regulated by reputable financial authorities before investing.
For novice traders, platforms with stronger reputations and lower barriers to entry might be more suitable. For experienced traders interested in the ST Market, conducting thorough due diligence and testing with minimal deposits is advised.
While ST Market attempts to appeal to a broad spectrum of traders, its shortcomings in regulation, transparency, and platform reliability are concerning. Approach with caution and prioritize brokers with proven track records and comprehensive regulatory safeguards.
For further details and a range of user experiences, consult reputable broker review platforms like WikiFX or BrokersView.
Check more about fraudulent brokers
Visit our Facebook Page
Visit Twitter
Note: The ST Market review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring ST Market company.