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+1 202 953 8999
|Regulation||Suspected Fake Broker|
|Trading Platform||MT5, DAS, Sterling Trader Pro, Takion|
|Trading Assets||Forex, Options, Stocks, CFDs|
|Customer Support||Phone, Email, Online Chat|
ST Global Markets is an offshore online broker registered in the Bahamas Islands, providing access to four classes of trading assets covering Forex, Options, Stocks, and CFDs. With the ST Global Markets platform, three types of account options are available, namely STG Classic, STG Zero, and STG VIP, and the minimum deposit to open a classic account is $100.
Risk Warning: this ST Global Markets is said to be operated by ST Global Markets Limited, and this broker says it is located at No.205 Church Street, Sandyport, Nassau, The Bahamas. Based on that address, WikiFXs survey team visited this spot, only disappointingly finding that there is no office at its business address. We assume that this broker just uses that address to register its company, and it has no physical office at all. Here we can see that on the WikiFX website, it has been marked as “Suspected Fake Clone”, and received a very low score of 1.32/10.
With the ST Global Markets platform, four classes of trading assets can be traded, covering Stocks, Options, Forex, and CFDs.
Classic, Zero, and VIP accounts are available options for both retail and professional accounts. The minimum deposit amount specifies the account type, with the Classic account from $100, the Zero account from $2,500, the VIP account from $10,000. Basic currencies available in USD only.
Besides, Swap-free accounts are options for all three types of trading accounts.
Spreads & Commissions
Trading accounts set spreads and commissions. The classic accounts offer a zero-commission trading environment, with spreads from 1.5 pips. The Zero and VIP accounts offer competitive spreads from 0.0 pips, accompanied by a commission of $10 and $8, respectively.
When it comes to leverage, ST Global Markets allows its clients to use the maximum trading leverage up to 1:200, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
When it comes to trading platform available, ST Global Markets performs quire well. This broker gives its clients four choices of trading platforms, including MT5, DAS, Sterling Trader Pro, as well as Takion.
ST Global Markets only allows its clients to make deposits and withdrawals through Bank Transfer, VISA, MasterCard. The minimum deposit is $50 through VISA and MasterCard, $1,000 through Bank Transfer.
Please note that deposit fees are charged, with $50 for depositing via Bank Transfer, 3.5% for deposit through VISA, MasterCard.
Surprisingly, clients directly talk with ST Global Markets customer support staff, and they can also send an email asking trading-related issues.
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
|Generous up to 1:500||No regulation|
|Acceptable minimum deposit to open a classic account||No multi-currency trading accounts|
|Optional swap-free trading accounts||A suspected fake broker|
Frequent Asked Questions
What is the minimum deposit required by ST Global Markets？
The minimum deposit to open a basic account is $100.
What is the maximum trading leverage offered by ST Global Markets？
The maximum trading leverage offered by ST Global Markets is up to 1:200.
What trading platforms does ST Global Markets provide？
ST Global Markets offers four choices of trading platforms, namely MT5, DAS, Sterling Trader PRO, and Takion.
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