Slovakian cryptocurrency exchange StockPoint has as many as 17 crypto coins. It also facilitates trading on all the major fiat currency against altcoins. However, this broker is not regulated and have other problems as well. Therefore we have decided to discuss all the possible advantages and disadvantages of it simultaneously. These steps are taken to provide you with a comprehensive and impartial StockPoint review.
Our thorough research suggests that the broke has only one Standard account that provides leverage of 1:1 and charges fees for the maker and taker. As we have promised to provide you with an impartial and comprehensive review we will discuss the advantages of StockPoint first followed by disadvantages.
A quality selection of crypto coins is present at StockPoint that are 17 in total. It also accepts fiat currencies as payment. A solid and user-friendly web-based platform is offered by this broker. It easy to use and anyone can select the currency pairs and but or sell by the click of a single button. A moderate information providing chart is also available that helps traders ease of analysis. The minimum commission on the exchange is 0.05% or 1$. That is very low as other exchange charges 0.20% to 0.25% commission. Minimum deposit required to start trading is $1 and it is another advantage of it. According to the broker, all the cryptos are stored in cold storage to minimise cyber-attack risk.
The major disadvantage of StockPoint is that it is an unregulated exchange. StockPoint SRO based in Slovakia manages the brand but is neither regulated by Slovakian authority or other. The payment method that is needed to deposit funds either crypto coins or fiat currencies is not mentioned. Also, no leverages are available at StockPoint.
Is StockPoint scam or legit?
The crypto broker StockPoint is not a regulated company. Leveraged trading is unavailable. Also, we don’t know how depositions are made at it. It is a new service provider with lower credibility. That’s why in our eyes StockPoint is a potential scam cryptocurrency broker. Avoid it is suggested.