Stockhome Review – Bitcoin Trading
is Stockhome the right broker to trade Bitcoin, and do they offer additional cryptocurrencies for trading?
Stockhome offer trading on their platform in Bitcoin and ethereum, which you can trade against each other and several FIAT currencies. So yes, you can trade Bitcoin (BTC) with Stockhome.
Stockhome review More about this broker
Stockhome is a newly established online FX broker that provides a safe and dynamic trading platform for trading on Bitcoin and other cryptocurrencies, Fiat, Stocks and Indices. The analytical tools of Stockhome.IO are intuitive and user-friendly, and suitable for both beginners and advanced traders. This assures superior execution and advanced reporting.
Stockhome Review: Trading Conditions
With a Forex demo account from Stockhome, you can see for yourself how Forex Trading works without having to invest any natural capital. You learn the mechanisms of the markets – the experience you gather with the Stockhome demo account prepares you to start investing real money with a live currency account.
Stockhome Review: Trading Platforms
WebTrader and Trading Apps Mobile Trader for your Smartphone and Tablet. Stockhome provides powerful trading software which allows you as a private investor, even a novice one, to trade at a professional level. Stockhome offers an intuitive, easy to understand but fully functional and feature-rich trading platform– experienced Financial market professionals developed these solutions.
Stockhome Review: Payment Methods
The minimum deposit requirement is $250
Available payment methods include Transfer, Credit card (Note: For the first deposit, a credit card bill is required as proof), and some cryptocurrencies.
Stockhome Review: Customer Support and Educational Materials
Extensive support service will answer any questions about your deposit. Stockhome representative service is available five days a week, 24 hours a day – either by telephone, live chat or email. You receive additional support through our extensive range of events.
They provide you with trading expertise to lay the foundation stone for your stock market success. Because there is no doubt experience is crucial with trading Futures and CFDs.
Stockhome FAQ (Questions & Answers)
What are the conditions to open a trading account with Stockhome?
You must fulfil the following requirements when opening an account:
- You trade on your budget and with your funds;
- You are at least 18 years of age;
- Minimum deposit of 250 EUR or equivalent in foreign currency.
How much does trading cost?
There are no costs when trading apart from the spread and the financing costs. Customers are not charged transaction or processing fees.
Is there an option to trade via telephone?
You cannot pass your orders via telephone. However, to make trading more accessible, the platform enables users to stop losses, take out profits, and set higher or lower limits. These orders are executed automatically.
What is a trading unit?
On the Trader platform, 1 ‘lot’ equals one unit in the base currency of a currency pair. For example, USD/CAD, USD/CHF, or USD/JPY equals the U.S. $ 100,000. One unit EUR/USD, EUR/CHF or EUR/AUD equals 100,000 Euro.
Which kind of financial analysis are available through Stockhome?
Stockhome offers financial analysis for foreign currencies, stocks, stock indices, commodities and other CFD contracts. These types of analysis address investors looking for new trading ideas for stocks and foreign coins and investors looking for assistance with managing their portfolios. We offer studies, investment advice and an economic calendar. This is somewhat limited, but they told us this would be adjusted soon as more tools are published.
Does the system support real-time charts?
Yes, the charts are displayed in real-time within the chart window of the trading platform and can be viewed in different time intervals. The intervals can be adjusted to ticks, 1 or 2 or 3 or 4 or 5 min., ten min., 15 min., up to 55 min., 1 hour, 2 hours, 4 hours, 8 hours, one day, weekly and monthly.
For example: If you adjust DAX to a 10-second interval, every 10 seconds, a new point will be displayed in the chart window and connected to the previous price development. The current chart will be based on prices updated every 10 seconds.
What kind of charts can I use?
You can use line charts, bar charts, candlestick charts.
What kind of order types can I use?
Stockhome constantly expands the offer of order types. You can choose between limit order, stop order, OCO order, guaranteed stop order, trailing stop order and a combination of these order types.
How does my broker check my positions against the margin requirements?
Your broker automatically checks the margin requirement of the positions. The account summary that informs about the initial and maintenance margins is updated in real-time on the screen.
Our stop loss and limit orders executed at the prices specified?
When placing an order, the platform will show you the current price. You can protect yourself against unexpected price movements by adding price limits to your orders (slippage). The order will only be executed if the price remains within the specified limits.
When are financing costs charged to the account?
Financing costs are calculated daily at a specific moment, at which each CFD and Forex open position (except future CFDs) is charged with financial adjustments. The particular time can widely vary, but by experience, financing costs are generally charged after 22:00 CET (17:00 CT) (+/- 2 hours).
This time can, however, be different in summer and winter. Financing costs will be charged if you have an open position at this particular time, and it does not matter whether you have been holding your open position for 10 minutes or 10 hours. On the contrary, if you close your work 10 minutes before this specific time, you will not be charged with financing costs, even if you held your position open for the whole day.
How do Stockhome secure transactions?
Stockhome makes use of state-of-the-art security technologies. All information exchanged between your computer and our servers are encrypted: Transmitted data is therefore not accessible by others. All transactions made are confirmed on-screen. If you are not connected to the computer, this confirmation will appear at the start of the next session.
How are my funds secured?
Customer funds are held at First Tier Banks. Furthermore, all customer funds are deposited in segregated accounts and will not be affected in the event of an insolvency of the broker firm.
How much does a withdrawal by bank wire cost, and how long does it take?
The payment is generally within three working days on your private bank account and is free of charge. On the contrary, a same-day wire costs on average about 20 Euro.
Is trading with micro and mini lots possible?
Yes – not a problem. You can choose between 1,000 (micro lots), 10,000 (mini lots) and 100,000 (standard lots).
How was the rating of Stockhome performed compared to other brokers?
This Stockhome Forex Broker Review has been conducted though thorough research and assessing rating and ranking among almost 120 international forex brokers. The final grade is given based on Stockhome broker performance and features.
Overall our online Stockhome review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Stockhome.io or find inaccurate information Stockhome broker review, please get in touch with us, and the changes will be applied.
Review Conclusion
Stockhome is an excellent choice for both novice and experienced Forex traders. The trading software of Stockhome is fantastic, and thanks to the no download browser software and the iPhone app, you can trade whenever you want and wherever you are. It is also worth looking at the automated Forex trading system FSA – which you can even use if you only open a free demo account.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. Concerning margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that these products’ methods, techniques, or indicators will be profitable or will not result in losses.
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