StormGain is a well-known cryptocurrency trading platform and leveraged trading broker in the UK. To find out if StormGain is reliable and secure, read our assessment from the trading critique website, serving more than 50,000 customers in about 230 nations.
StormGain is well known for offering contract settlement in the USDT which is suited for individuals to reduce portfolio exposure and limit the exchange rate risk.
Table 1: Overview of StormGain
| StormGain Highlights | |
|---|---|
| Founder | Alex Althausen |
| Foundation Year | 2019 |
| Headquarters | London |
| Regulation | None |
| Minimum Trade | $10 |
| Minimum Deposit | $50 |
| Demo Account | Yes |
| Account Types | StandardGoldPlatinumDiamondVIP |
| Leverage | Up-to 200x |
| Deposit Fees | Depends on the coin |
| Trading Fees | 0.095% for Bitcoin |
| Withdrawal Fees | 0.1% |
| Assets | Cryptocurrencies |
| Trading Platforms | Mobile PlatformWeb Platform |
| Customer Support | 24/7 |
StormGain Broker Review –An Intro
The StormGain cryptocurrency exchange is a cryptocurrency trading and exchange platform. StormGain is currently unregulated, even though it operates legally. StormGain has an excellent reputation and has been highlighted in several online media sources.
Regulation & Reputation Review of StormGain Broker
StormGain has its corporate headquarters in London. Although the company has been available since 2019, it is not yet regulated. It participates in the Financial Commission’s Blockchain Association, which oversees businesses that trade in digital assets. It is the Official Sleeve Partner of the Newcastle United Football Club (NUFC) and it sponsored the NUFC during the 2019-2020 season. It provides trading signals and a secure wallet.
Review on Accepted Countries of StormGain Broker
Table 2: Accepted & Forbidden countries of StormGain
| Accepted Countries | Forbidden Countries |
|---|---|
| Australia | Afghanistan |
| India | The United States |
| Qatar | Uganda |
| Thailand | Japan |
| Luxembourg | Korea |
| Kuwait | Bosnia And Herzegovina |
| Hong Kong | Iran |
| Singapore | Tunisia |
| Germany | Guyana |
| Canada | Trinidad And Tobago |
| Sweden | Iraq |
| The United Kingdom | Sri Lanka |
| France | Laos |
| Denmark | Ethiopia |
| Norway | Vanuatu |
| Italy | Yemen |
| Saudi Arabia | Syria |
| South Africa | |
| The United Arab Emirates |
Crypto Assets Review of StormGain Broker
- StormGain offers over 50 cryptocurrency futures and smart contracts for traders.
- The popular crypto trading pairs are Neo-Tether and DASH-Bitcoin.
- The most-traded cryptocurrencies of StormGain are Bitcoin, Bitcoin Gold, Cardano’s ADA, DASH, EOS, Ethereum, Ethereum Classic, IOTA, Litecoin, Monero’s MXR, NEM, NEO, OmiseGo, QTUM, Ripple’s XRP, Stellar’s Lumen, Tether, Tron’s TRX and Zcash.
Trading Platforms Review of StormGain Broker
The trading platforms of StormGain are highly intuitive and easy to use for both beginner traders and experienced traders. The Trading platforms of StormGain are available in over 10 languages which include English, French, Italian, Polish, Portuguese, Turkish, Korean, Spanish, Dutch, Vietnamese, Russian, and Chinese.
- Mobile Trading Platform
- Web Trading Platform
Mobile Trading Platform
The StormGain users can get the mobile app from Google Play Store for Android and Apple Store for iOS users. You can also download the app file from the official site of StormGain. The feature of the Mobile trading platform is the same as the Web trading platform. You can trade cryptocurrencies by using this app from anywhere in the world. The unique feature of StormGain available in this mobile app is crypto mining. The trading signals are available in the mobile app of StormGain.
Web Trading Platform
Traders can access the platform to look at StormGain’s features. The registration form of the Web trading platform is quick and easy. The terminal is available in more than 10 languages. Traders can take advantage of a variety of charting tools to track the price movements in full-screen mode with the help of 9-time frames. This platform also offers more than 40 technical indicators like Ichimoku Cloud and Stochastics.
Review on Account Types of StormGain Broker
StormGain offers 5 different account types to its clients:
- Standard
- Gold
- Platinum
- Diamond
- VIP
Standard
The Account balance of StormGain is less than 499 USDT and no trading volume in this standard account type.
Gold
The Account balance is greater than 499 USDT and a trading volume is greater than 150,000 USDT in this Gold account type.
Platinum
The Account balance is greater than 1,499 USDT and a trading volume is greater than 750,000 USDT in this platinum account type.
Diamond
The Account balance is greater than 4,999 USDT and a trading volume is greater than 2,250,000 USDT in this Diamond account type.
VIP
The Account balance is greater than 49,999 USDT and a trading volume is greater than 7,500,000 USDT in this VIP account type.
Demo Account Review of StormGain Broker
A demo account is a great tool for beginner traders before opening a live account. They can use a demo account as long as needed and they can easily switch to the live accounts within the dashboard. The virtual funds offered by StormGain to the demo account were 50,000 USDT.
Leverage Review of StormGain Broker
The leverage ratio of StormGain is up to 300x. But you should also remember that if you offered more leverage, then there is a more chance of loss too.
Trading Hours Review of StormGain Broker
StormGain is a 24/7 platform that is accessible to traders when they wish via mobile or desktop. You can trade in the crypto markets during the weekend also.
Special Features Review of StormGain Broker
- Earn by interest
- Wallets of StormGain
- Cloud Mining
- Trading signals
- Limit orders
Earn by interest
The deposit is the first one. Traders can get the annual interest by just storing the cryptocurrency in their wallets. The interest depends upon the trading volume of the assets.
Table 3: Account types, trading volume & Interest of StormGain
| Account Types | Trading Volume | Interest |
|---|---|---|
| Standard | – | 0% |
| Gold | 150,000 USDT | 3% |
| Platinum | 750,000 USDT | 4% |
| Diamond | 2,250,000 USDT | 8% |
| VIP | 7,500,000 USDT | 10% |
| VIP 2 | 15,000,000 USDT | 11% |
| VIP 3 | 20,000,000 USDT | 12% |
Wallets of StormGain
This wallet uses many security features such as encryption and two-factor authentication to keep the user’s funds safe. This wallet is available on both iOS and Android smartphones which provides a safe place to deposit and withdraw their money on the platform. Cryptocurrency assets withdrawn from this broker can be limited by third-party wallets. This built-in crypto wallet handles all deposits and withdrawals easily. Additionally, traders can buy and store cryptocurrencies in the six well-known currencies of Litecoin, Bitcoin, Ripple, Bitcoin Cash, Ethereum, and tether.
The Cloud Mining of StormGain
The cloud mining service of StormGain is more effective than other regular cloud mining platforms in the market. More hash rates will be transferred to your account when you trade more with the crypto trading platform of StormGain.
Traders now mine their cryptocurrencies from their mobile devices because of the new Cloud Miner tool. The mining process does not require any additional equipment. Traders can use this tool for free after they create an account. Traders can start mining every four hours by using the program until they get the first 10 USDT worth of cryptocurrency. The mining speed of the new user is х0.5 at an initial level which is increased up to x530 at the VIP 3 level.
Free Trading Signals of StormGain
The trading signals of StormGain are available in the mobile app. These professionally created trading signals are accessible in StormGain without charge. Traders can receive the signals and analyze the market every few hours with precise Take Profit and Stop Loss levels. The forecast accuracy of trading signals is 70%.
The probability required to reach a profitable signal is about 65%-75% depending on the cryptocurrency market situation and the specific cryptocurrency. These crypto trading signals are available for the following cryptocurrencies such as XRPUSDT, LTCBTC, BCHUSDT, DASH BTC, LTCUSDT, BTCUSDT, ETHUSDT, and ETHBTC.
Limit Orders of StormGain
Limit Orders can be very risky to trade with fully fiat currency-funded cash placement. These limit orders have controlled the risk factor in certain ways which are:
- Stop-loss limit order
- Take-profit limit order
Stop-loss limit order
A Stop-loss limit order is the tool that controls the risk-on trade when the trade does not go as per the desire of the trader. It protects a trader from the loss which exceeds the amount of money that they have in the leverage trade account.
Take-Profit limit order
A take-Profit limit order is the opposite of a stop-loss order which works on the profit side of the trading. When a trader makes a profit via leverage trade the trader gets back to the FX trading platforms due to the volatility of the crypto market which affects the price movements. This tool protects the profits of the traders from trickling down from their hold during the situation.
Review on Fees & Commissions of StormGain
There is a commission for Swap sell & purchase and exchange operations which depends on the asset. The currency conversion commission rate is charged up to 5%.
Trading fees Review of StormGain Broker
StormGain cannot charge for the unsuccessful trade. The commission fee is charged only on successful trades of the traders. It can be estimated up to the amount of 10% of the trader’s profit.
Table 4: Trading Fees of StormGain
Trading Pair | Commission | Leverage | Swap Fee (Sell) | Swap Fee (Buy) |
|---|---|---|---|---|
| BTC/USDT | -0.06% | 200 | 0.002% | -0.021% |
| ETH/BTC | -1% | 50 | 0.002% | -0.021% |
| BCH/USDT | -1% | 100 | 0.002% | -0.021% |
| XRP/USDT | -0.2% | 100 | 0.002% | -0.021% |
| LTC/USDT | -0.066% | 100 | 0.002% | -0.021% |
| ETH/USDT | -0.9% | 100 | 0.002% | -0.021% |
Exchange fees of StormGain
The fee varies from 0.095% to 0.25 % which depends upon the exchange service.
Table 5: Exchange fees of StormGain
| TRADING PAIR | COMMISSION | MIN. SIZE |
|---|---|---|
| BTC/USDT | 0.095% | 0.00001 BTC |
| ETH/BTC | 0.25% | 0.000000001 ETH |
| LTC/USDT | 0.25% | 0.00001 LTC |
| BCH/USDT | 0.095% | 0.001 LTC |
| ETH/USDT | 0.095% | 0.0001 ETH |
| XRP/USDT | 0.095% | 0.1 XRP |
Funding method Review of StormGain Broker
On this platform, there is no deposit fee for transferring cryptocurrency. Traders can use debit cards, credit cards, and cryptocurrency wallets to fund their accounts. The deposit amount cannot be less than 0.00003 BTC in the case of cryptocurrency wallets. The maximum deposit amount cannot exceed $20,000 in the case of Cards. The minimum and maximum deposit amounts by a credit card depend on the currency.
The wallet allows users to buy Bitcoin by transferring Bitcoin to the StormGain wallet or with a credit card. It also accesses the trader to transfer 5 extra cryptocurrencies and they can also choose from StormGain supported and integrated cryptocurrency wallet list.
Withdrawal Method Review of StormGain Broker
You can withdraw the cryptocurrencies by transferring them from the StormGain wallet to another wallet. You cannot withdraw the cryptocurrencies by transferring them to bank accounts. It cannot convert crypto to fiat currency. You only need to select the wallet from the listed options to withdraw the crypto. The daily withdrawal limit is up to $150 for cards and 0.0014 BTC for cryptocurrency wallets.
The commission is up to 0.1% for the withdrawals of bank cards and cryptocurrency wallets. It also charges 0.1% for withdrawal when the trader sends cryptocurrency to another platform or hardware wallet.
Bonus and Offers Review of StormGain Broker
The referral program rewards the Trader and the StormGain user they suggest. The referral can get a one-time payment of 3 USDT after the successful registration. The trader will get commissions of 15% by the referral in all their transactions of trade and funds withdrawal from mining. The referral program and several referrals are not limited.
Payments are made in USDT on the last day of the calendar month. The information about the payments of referrals is given in the “Invite a friend” tab in the personal account. You can learn about trading platforms, tools, and all other insights on YouTube.
Users get access to huge bonuses and reduced commission rates for any cryptocurrency, including up to 20% instant bonuses on deposits, up to 40% discounts on trading commissions, and up to 12% annual interest.
Customer Support Review of StormGain Broker
Customer support is provided via Phone, Live chat, email, telegram, and, social like YouTube, LinkedIn, Facebook, and Twitter. They currently offer live chat services available in both English and Russian. You can ask questions of any of the customer service representatives at any time, and you’ll receive a response within five minutes.
Table 6 : Customer support of StormGain
| Customer support of StormGain | |
|---|---|
| https://www.facebook.com/Stormgain.official/ | |
| https://www.linkedin.com/company/stormgain | |
| YouTube | https://www.youtube.com/channel/UC4yuGxdmFz8_xaDenLYSYBw |
| https://twitter.com/Stormgain_co | |
| support@stormgain.com | |
| Phone | +18445847390 |
Education and research Review of StormGain Broker
StormGain offers a knowledge base that provides useful guidelines to commonly asked questions of the clients. So, the traders can get information about topics according to their needs. The traders can learn the basics of trading in the tutorials on Youtube. It offers a variety of educational tools, blogs, tips, and market news to help traders access all relevant trading information.
Rewards & Risk Review of StormGain Broker
StormGain has both advantages and disadvantages which are listed in table 7.
Table 7 :Rewards and Risk of the StormGain
 Pros |  Cons |
|---|---|
| StormGain offers a free cryptocurrency wallet. | It is not suitable for investment purposes. |
| It provides high security for all personal information. | The accounts of StormGain can only be funded with cryptocurrencies. |
| It has a lot of opportunities for passive income in deposits and mining. | It is currently an unregulated company. |
| The fees are charged only on profitable trades. | It does not support the exchange of cryptocurrencies into fiat currency. |
In a Nutshell
- StormGain supports more currencies in its built-in wallet.
- It offers high leverage with low commission and fees.
- The main distinctive features available in StormGain are the Cloud Miner tool and the profitable Loyalty Program.
- It is a well-balanced trading platform of digital currencies using USDT as collateral.
- The wallet has rich features and is cost-free and the ownership stays with the trader and does not transfer ownership to the StormGain platform.
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