Note: AllStocknows official site - https://allstocknow.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
|AllStocknow Review Summary in 10 Points
|Within one year
|Forex & CFDs
|Up to 1:400
|Floating from 0.0 pips
|24/5 Phone, email, address
What is AllStocknow？
AllStocknow, an international brokerage registered in the United Kingdoms while physically operates in Czech Republic, provides forex and CFDs as financial instruments to its clients. However, the broker currently operates with no valid regulation from any recognized regulatory bodies. Furthermore, the non-functional status of the broker's website adds to the concerns, significantly increasing the associated investment risks within the platform.
In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.
Pros & Cons
|• MT5 trading platform
|• Floating spreads from 0.0pips only
|• Website unavailable
|• Flexible leverage ratios
|• Lack of transparency
|• Multiple account types
|• High minimum deposit
AllStockNow offers several advantageous features; the platform uses MetaTrader 5 (MT5), a renowned trading platform that facilitates efficient trading. They also offer competitive floating spreads starting from 0.0 pips and provide flexible leverage ratios that cater to traders with different risk tolerance. Additionally, they offer multiple account types to suit diverse trading needs.
However, there are some notable drawbacks. AllStockNow is unregulated which increases the risk for potential traders, and their website is currently unavailable, making it harder to access information about this platform. Their lack of transparency such as commissions and payment methods raises concerns about their operations and trustworthiness. Furthermore, the minimum deposit requirement is higher than most brokers, which is not friendly for beginners.
As a potential investor, these pros and cons should be factored into your decision-making process.
Is AllStocknow Safe or Scam？
Regulatory sight: Operating without valid regulations, AllStocknow raises significant concerns about its legitimacy and accountability. Additionally, its non-functional website further amplifies these concerns, creating doubts about its reliability and user-friendliness.
User feedback: To get a deeper understanding of the brokerage, it is suggested that traders explore reviews and feedbacks from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
Security measures: So far we cannot find any security measures info on Internet for this broker.
In the end, choosing whether or not to engage in trading with AllStocknow is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.
AllStocknow provides an extensive array of financial instruments to investors.
Their offering starts with Forex currency pairs, a cornerstone of any substantial trading platform.
For the tech-inclined investors, they also facilitate trade of major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), with almost 300 distinct trading pairs in more than 290 currencies.
For those who prefer tangible assets, precious metals are available for trading. Their inventory is further expanded by the inclusion of Contracts for Difference (CFDs) on stocks, potentially allowing investors to benefit from market volatility without owning the underlying asset.
Additionally, they provide a global index for investors keen on tracking market movements on an aggregate level.
AllStocknow provides three separate account types for its users: Standard, Professional, and Ultimate Accounts. Each one of these is designed with a variety of features aimed to accommodate different trading preferences.
However, regardless of the account type chosen, the minimum deposit required across all accounts remains at $250. While this amount may be deemed affordable by some traders, others could perceive it as fairly high, especially those who are new to the trading scene or prefer a more cautious investment approach.
Additionally, the broker offers different bonuses for different account types. Specifically, the bonus is up to 30% for the Standard account, up to 50% for the Professional account, and up to 100% for the Ultimate account.
Each of Platinum Options three types of accounts - Standard, Professional, and Ultimate, comes with different leverage ratios designed to suit various trading styles and risk tolerances.
Specifically, the Standard account has a leverage ratio of 1:100, the Professional account provides a leverage ratio of 1:125, and the Ultimate account provides a high leverage ratio of 1:400.
These varying ratios offer traders a range of opportunities to potentially maximize their profits, while also emphasizing the need for careful risk management due to the potential for substantial losses.
Spreads & Commissions
AllStocknow offers floating spreads basing on account types, providing multiple options that fit various trading strategies.
The Standard account comes with a spread decreased by 20%. In contrast, the Professional and Ultimate accounts have spread decreased by 30% and 50% respectively. These variations aim to cater to different kinds of traders based on their spread preferences.
However, it's important for potential users to note that the information about any applicable commissions is currently unavailable. This lack of transparency could potentially affect the overall trading cost, making it an important consideration for any potential investors.
Therefore, users are suggested to thoroughly comprehend these factors during their trading decisions, contact with broker directly to obtain further information about the commission charges before deciding to trade.
AllStocknow brings a world of financial opportunities right at its customers' fingertips by leveraging the robust capabilities of the MetaTrader 5 (MT5) platform.
MT5, renowned for its advanced functionalities, provides an enriched ecosystem for versatile trading operations, giving users an edge in today's highly competitive financial markets. By pairing with MT5, AllStocknow provides not only access to an extensive list of financial resources but also an efficient and user-friendly interface.
While AllStocknow provides its email, phone and physical address as customer support channels, whilst the extensive methods such as social media is currently not available. The customer service is available 24 hours 5 days a week.
Phone: +44 (207) 097 74 54; +34 （96）0409612; +351 （30）0083245.
Address: Level 3, Business Centrum Vyšehrad, Na Pankráci, 4-Nusle, Prague, Czech Republic.
In conclusion, AllStocknow presents itself as a globally accessible online brokerage registered in the United Kingdom while offshored operated in Czech Republic, offers forex and CFDs as trading instruments to traders. However, potential investors should approach with caution due to alarming unregulated status of the broker. Such concerns cast doubt on the broker's commitment to regulatory compliance and client security. Furthermore, ongoing issues with the accessibility of their website pose serious doubts on their professionalism and dependability.
Given these considerations, individuals are encouraged to explore alternative brokers that prioritize transparency, regulatory adherence, and professionalism.
Frequently Asked Questions (FAQs)
|Is AllStocknow regulated？
|No. The broker is currently under no valid regulations.
|Is AllStocknow a good broker for beginners？
|No. It is not a good choice for beginners. Not only because of its unregulated status, but also because of its unavailable website and lack of transparency.
|Does AllStocknow offer demo accounts？
|Does AllStocknow offer the industry leading MT4 & MT5？
|Yes. AllStocknow offers MT5.
|Whats the minimum deposit does AllStocknow require？
|AllStocknow requested minimum deposit of $250.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.