Stocknet Institute Review: How Reliable is Stocknetinstitute.com?
At first glance, this prop firm looks like a transparent choice. However, further research is necessary before we can judge on that. Our Stocknet Institute review will discover how reliable they actually are and whether or not the firm is worthy of your time.
Keep reading to learn everything you need to make an informed choice and make sure you don’t skip out on our PrimeSpotWay review to learn about a German-based scammer.
Who Is Stocknet Institute?
A UK-based proprietary trading company called Stocknet FX Ltd supports skilled traders all over the world. Stocknet FX Limited was founded by Nicholas Hall and Aaron Robert Wright in 2021 and since then, they maintained a good reputation, offering various benefits to their traders.
The list of rules is visible on the firm’s website so traders can inform themselves prior to applying. The instant funding option is available for traders, without any kinds of challenges or evaluations, providing the opportunity to start earning instantly.
|Stocknet Institute||Reliable Broker Must Have|
|Legal name||Stocknet FX Ltd||Transparently displayed in the disclaimer or legal documents|
|Regulation||Regulation not expected||Within your legal jurisdiction – local regulator|
|Registered in||Ground Floor J33 The Avenues Team Valley Trading EstateTyne and Wear NE110NJ, United Kingdom||Your country or the country whose license applies in your legal jurisdiction|
|Established||2021||The older the domain – the higher the possibility the company is trustworthy|
|Website||stocknetinstitute.com||Domain should be from local or international zones, no .xyz, etc.|
|Financial Authorities Warnings||
|Phone, email, social media, web form|
|If a withdrawal is possible||Yes||Yes|
||Transparent fees – list of spread and commissions|
|If Active on Social Media||Yes||Often present on social media|
|Investor Protection||No||Compensation fund|
Stocknet Institute prop firm is using Blueberry Markets as a broker. While they aren’t a very common choice for prop firms, they seem to offer reasonable fees and decent trade execution. Blueberry Markets is regulated by the Australian Securities & Investments Commission (ASIC) and their Trustpilot score is high, indicating they are a reliable broker.
In general, regulation for prop firms is not necessary as they don’t deal with funds directly so in this instance, regulation falls onto the broker they’re using. They do, however, comply with team monitors evolving regulatory requirements under FSMA and the Regulated Activities Order.
Stocknet Institute Broker Profile
Both of the instant funding solutions offered by StocknetInstitute contain a demo account with virtual money. With the firm’s scaling strategy, every trader can expand their account to $1.28 million through Evolution, a program that focuses on long-term, sustainable growth. As an alternative, Quickstart is a program for those who have a successful trading strategy and need more funds right away.
You can trade more than 200 stocks (MT5 only), over 60 FX pairings, indices, metals, commodities, and cryptocurrencies. The funded accounts are ECN and are provided by Blueberry Markets with raw spreads starting at 0.0 pips.
|Trading Platform||MT4, MT5|
|Account Types||Evolution, Quickstart|
|Financial Instruments On Offer||
|Minimum Deposit||No deposit required|
|Commissions/Bonuses||$6 per standard lot|
|Education or Extra tools||Discord course for trading|
Is Stocknet Institute Safe To Trade With?
The Stocknet Institute Reddit community recommends the firm to traders who are looking to grow their accounts. With Stocknet, your drawdown is essentially your deposit. As long as you don’t withdraw them, your profit serves as a buffer. If you do, your deposit will act as the buffer in its place, enabling you to take bigger risks and reap bigger returns, resulting in the eventual growth of your account.
So for traders that are looking for that, Stocknet Institute is a perfect choice. Unlike BB360 that we don’t recommend trading with, Stocknet is a decent prop firm adhering to rules and KYC policies.
Traders Share Their Experiences
Stocknet prop firm has an overall score of 4.8 on Trustpilot, based on 622 reviews. Only 3% of the reviews are unfavorable, while others praise the company for good work. The negative reviews focus on some payout issues and the overall experience with the firm’s customer support.
One trader claims Stocknet stole $5,000 from him and then closed his account without any prior notice. There are also some traders who mention how not everything is as transparent as it seems and as stated in their T&C, they can close a trader’s account without giving any reason.
Who Are the Traders They Cater To?
Stocknet Institute doesn’t offer an affiliate program or anything else that gives traders the opportunity to earn commission. However, due to a good reputation, the firm established a good relationship with its clients from the UK, Malaysia, the US, Nigeria, and South Africa.
If you are looking for a reliable trading partner to stand by your side, we have just the right thing. Read the article until the end and meet your best friend in trading, by having an opportunity to use him for free for 20 days.
Deposits and Withdrawal Methods
The Stocknet Institute funding methods include credit or debit cards, bank transfers, and crypto. For card payments, accepted cards are Visa, MasterCard, Google Pay, and Apple Pay. As for cryptocurrencies, 12 methods in total are accepted, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, USD Coin, Dai, Shiba Inu, ApeCoin, Tether, Polygon and Wrapped Ethereum.
The payout will be given to you the following Monday if it has been approved. Wise and cryptocurrency payouts are typically instantaneous for depositing into your preferred account, but there is no assurance that rewards will be received the same day.
Weighing the Pros and Cons
Can I Make Money While Trading Online?
While it is possible to make money with trading, it’s crucial to keep in mind that this is not an easy and guaranteed way to become wealthy. Trading has risks, and financial markets can shift quickly.
However, our AI bot is here to help you out. It makes use of sophisticated algorithms to examine previous prices and chart data, offering insightful information that will assist you in making wise trading selections. Let our AI bot serve as your advisor and begin your path to more profitable trading right away!
What is Stocknet Institute?
Stocknet Institute is a proprietary trading firm based in the United Kingdom.
Is Stocknet Institute A Scam?
There are no reports regarding payouts and the firm has a proven track record of paying its clients, so Stocknet Institute is not a scam.
When did Stocknet Institute start?
The prop firm was established in 2021, by Nicholas Hall and Aaron Robert Wright.