StormGain is both a cryptocurrency exchange and a company that provides brokerage services for margin trading. Cryptocurrency wallets are built into clients’ trading accounts.
Despite the fact that the company is registered in the offshore zone of St. Vincent and the Grenadines 2019 and is unregulated, it serves more than 100,000 consumers from more than 100 countries. The corporation is a regular member of the Blockchain Association, which is ready to regulate digital currency exchanges.
Also, the company is a sponsor of a soccer club in Newcastle.
Browser trading platform
The company has a proprietary platform that assists clients in margin trading. With the proposed 9 timeframes, it will allow to carry out the analysis competently, also to see the general trend of the market. Forty indicators are built into the platform for technical analysis.
To start trading, you need to complete a simple registration, no additional software should be downloaded.
The company offers futures contracts on cryptocurrencies, about 20 in total. It is possible to use cold storage tactics for 6 cryptocurrencies on a crypto wallet, which is built into the platform. All transactions go through cryptodollar – Tether. This is a guarantee of minimal losses when exchanging digital currencies.
The company does not charge for cryptocurrency transactions, but takes a commission, which is about 0.2 percent.
Many competing companies offer a minimum leverage to trade on cryptocurrency assets, here you can get a much higher income due to the leverage of 1: 200.
The company offers a mobile version of its platform, which can be downloaded from the store in the app. It allows you to deposit, withdraw profits, exchange cryptocurrencies, cryptocurrency transactions are carried out 24 hours a day, the client can use trading signals, built-in tools for analysis.
Account funding options
Cryptocurrency can be purchased directly through the trading terminal using a plastic card. There is a minimum limit on the transfer, it is 50 dollars. The minimum commission for the account replenishment is 5 percent (minimum 10 dollars).
Withdrawal of funds is possible to your cryptocurrency wallet and the withdrawal commission is lower – 0.1 percent and the minimum withdrawal amount is 50 dollars.
The demo account offered by StormGain allows you to try yourself as a trader without any investment risk. You will have 50 thousand virtual dollars at your disposal.
Since the company is not subject to European regulators, it may well use bonuses for account replenishment from 5% for Gold account holders and up to 20% for VIP account holders in order to attract clients. Periodically, the company offers new promotions, which can be tracked on the company’s website.
Additional broker options
Some clients will be attracted by the possibility of mining from their phones thanks to the Cloud Miner service: you will not lose the performance of your device and the battery will not run down faster due to the placement on the remote servers.
The service is free, and the tokens can be used to trade on the StormGain platform.
The company also offers news bulletins and a range of training materials for beginners (including in video format).
The following programs are available: Standard, Gold, Platinum, Diamond, and VIP group (3 programs). Each status corresponds to a different level of trading turnover, for example, to achieve VIP3 you must show a turnover of $7.5 million or more.
It takes no more than three minutes to open an account, and thus no identity verification process is required.
Service helps with any general or technical questions. You can contact through live chat, by sending an email or via messenger Telegram.
Analyzing customer feedback, we determined that, on the whole, traders are satisfied with the company’s work.
The broker uses cold wallets to store clients’ digital currency, moreover, it is possible to add an additional method of data protection.
The company specializes in cryptocurrency trading, using wallets built into the platform. The service is quite competitive, commissions are quite small. There is a possibility of passive income when activating the free Cloud Miner service.
The low level of educational matrices will be a small disadvantage when working with the company.