Introduction or Skip Content and Read the Bottom Line!
StormGain is a highly popular online crypto platform where users can make profits based on the movements in the values of the cryptocurrencies and also from making long-term investments.
It currently has a web-based platform which can be accessed directly from any web browser, and mobile apps for smartphones that are powered by Android or iOS.
What makes this brand interesting to review is that it’s more than just an online crypto trading platform.
It’s also a wallet, a digital exchange and has plenty of features and services that you won’t just get from an ordinary crypto trading service.
So, are you ready to know more about StormGain?
Then let’s get started!
|Minimum account size||$50|
|Minimum lot size||$10 (trade size)|
|Payment methods||Credit Card, Tether|
|Accepts US traders||No|
|Regulated||Member of the Blockchain Association of the Financial Commission|
|Support||Phone, Email, Live Chat, Telegram|
The entire sign-up process is fairly quick.
To start with, the first part of the registration via their website will initially require you the following information:
- Email address
- Phone number
After you’ve submitted these details, you will need to confirm your account via phone and email.
After starting the process to confirm your account via phone, you will receive an SMS code which should be in your messages inbox by 2 minutes.
After submitting the SMS code successfully, you will need to check your inbox and click on the link that they sent to you to finally finish the confirmation process.
And you’re done! That’s how simple it is.
If you want to sign-up with now with StormGain, we can take you directly to their registration page. All you have to do is click on the button below to get started:
Account Types 10/10
Rather than an account type, StormGain offers a “loyalty programme” for their clients and as of this writing there are 7 levels:
- VIP 2
- VIP 3
Here’s the deal:
Each level has its own trading and exchange volume requirements while the benefits are aplenty and this includes annual interest rates, deposit bonuses, exchange commissions, trading commission discounts and mining speeds.
Demo Account 10/10
Here’s some good news:
Their demo account is free and doesn’t expire!
And for starters, it comes with 50,000 USDT virtual funds which is more than enough for you to fully immerse yourself with the platform and do a complete test drive.
With this free demo account, you’ll have the liberty to learn how to use the platform, explore different strategies and enhance your trading skills.
How to access the StormGain demo account?
The StormGain demo account can be accessed from the platform’s menu which is located at the upper right portion of the screen. It’s the section which shows your email address and account ID.
Click on this section and a small dropdown menu will appear where you can see a button for the demo account. Simply click on this button to access your account in demo mode.
Payment Methods 10/10
You have the choice of funding your online trading account via the following payment methods:
- Credit card (Visa and MasterCard) – Deposits via this method have a 3.5% transaction fee or $10, whichever is higher. If you want to buy cryptocurrencies (BTC, ETH, LTC or XRP) with credit card, simply choose Wallet and the payment method.
- Tether – You can also fund your account using this cryptocurrency. Take note that 1 Tether (USDT) is equivalent to $1.
The fact that you have the option to use fiat money or crypto for trading on their platform is already a huge advantage.
There’s no need to use third party services to convert from crypto to fiat and vice versa because you can do it straight with them.
Crypto purchases via credit cards have a maximum limit of $20,000.
Minimum Deposit 10/10
To begin live trading, your account needs a minimum deposit requirement of 50 USDT or $50 which we think is a reasonable amount.
There is a 5% deposit commission at a minimum of $10.
If you’re using a PC or laptop, there’s no need to download or install any software because their platform is purely web-based.
This can be accessed directly on most browsers like Google Chrome, Mozilla Firefox, Microsoft Edge and Opera.
You can use their mobile app on your smartphone and the good news is that it’s available for devices running on Android and iOS.
These apps are well-optimized for small screens but the most of the functionalities and tools can still be accessed there.
We can say that they made things a lot convenient since you have the liberty to trade on a regular desktop or laptop, or on a mobile device.
The platform’s interface is very user-friendly even for beginners.
There’s no way you’ll get lost because every command, button and item on the screen is properly labelled.
They’ve done a good job in selecting the colors to use on the UI and even if we’ve used it for over an hour, we never experienced eyestrains.
It’s also worth mentioning that they’ve kept the same theme and design for both the web-based platform and their apps.
Want to see it in action?
Here’s a short animation of their web-based platform:
We were very satisfied with the design for all of their platforms.
Tradable Assets 8/10
Note: Since StormGain is dedicated to cryptocurrency trading, this section only focuses on the crypto asset class only.
This platform will allow you to perform transactions with any of the following cryptocurrency pairs:
- Cosmos/Tether (ATMUSDT)
- Cardano/Tether (ADAUSDT)
- Tezos/Tether (XTZUSDT)
- Monero/Tether (XMRUSDT)
- Bitcoin/Tether (BTCUSDT)
- Bitcoin Cash/Tether (BCHUSDT)
- Bitcoin Cash/Bitcoin (BCHBTC)
- Litecoin/Tether (LTCUSDT)
- EOS/Tether (EOSUSDT)
- Litecoin/Bitcoin (LTCBTC)
- Dash/Bitcoin (DASHBTC)
- Bitcoin SV/Tether (BSVUSDT)
- Dash/Tether (DASHUSDT)
- XRP/Tether (XRPUSDT)
- Ethereum/Tether (ETHUSDT)
- Stellar/Tether (XLMUSDT)
- Ethereum Classic/Tether (ETCUSDT)
- NEO/Tether (NEOUSDT)
- Ethereum/Bitcoin (ETHBTC)
- Chainlink/Tether (LNKUSDT)
- IOTA/Tether (IOTUSDT)
- QTUM/Tether (QTMUSDT)
- Zcash/Tether (ZECUSDT)
- Ontology/Tether (ONTUSDT)
- Maker/Tether (MKRUSDT)
- Tron/Tether (TRXUSDT)
These are the most popular cryptocurrencies in the market today so this will give you the opportunity to diversify your trading strategies as much as possible.
Here’s another interesting feature: Crypto Index Trading
Currently, they offer the following indices:
- Crypto Index 3.0 – A combination of equal shares of the 3 largest cryptocurrencies in terms of market capitalization: Bitcoin, Ethereum and Ripple.
- Crypto Index 5.0 – A combination of the 5 most popular digital coins (Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash) with each coin representing 20% of the index.
- Crypto Index 10.0 – This index is comprised of the top 10 altcoins by market capitalization: Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, EOS, Cardano, Monero and Bitcoin SV. In general, this is equivalent to 90% of the entire cryptocurrency market.
As the saying goes:
Don’t put all your eggs in one basket.
This is very much true in cryptocurrency trading and with this type of asset, you’ll be able to effectively manage the risks.
One of the cryptocurrencies listed on the index suddenly goes down.
Since this is an index of a basket of cryptocurrencies, any dramatic changes in the value of a single crypto won’t have a significant effect on the value of the index and this can protect you from huge losses.
Minimum Trade Size 10/10
The minimum trade threshold is 10 USDT but since StormGain offers leveraged crypto trading, you can use a multiplier of up to 200x so a 10 USDT trade can gain the effect of 2,000 USDT!
It is important to keep in mind that:
Leveraged trading comes with risks because it magnifies not only the potential profits but losses as well so always trade with caution.
Rather than spreads, each trade is charged with a commission and the average ranges from 0.19% to 0.20% on most Bitcoin (BTC) and Tether (USDT) pairs.
On the other hand, commissions for exchange services can range anywhere from 0.095% to 0.25% which is reasonable.
Quotes Accuracy 10/10
The cryptocurrency market is prone to high volatility.
Hence, the higher the volatility, the greater the chance of the altcoin’s value going up or down.
This is why it’s important for you to use a platform that is capable of delivering accurate market prices since your trading decisions are going to be reliant on the quotes that will be shown on their system.
We’ve done a comprehensive test of StormGain’s platform to check the accuracy of its quotes and based on our thorough analysis, they were able to provide accurate market data even when market prices are rapidly changing.
Withdrawal Time 10/10
If you wish to withdraw the funds from your account, you can easily do so by transferring them from your StormGain crypto wallet to another compatible crypto wallet.
How to withdraw funds from StormGain?
- Open the “Wallets” section from the platform, select the cryptocurrency that you wish to transfer and execute the withdrawal request.
- Transfer the cryptocurrency by pasting your wallet’s address or scanning its QR code.
The minimum amount that you can transfer to the wallet is 50 USDT or the same equivalent in another cryptocurrency.
Withdrawals are processed instantly after the request has been executed and the time it takes for the funds to reach your wallet will depend on the cryptocurrency that you chose.
If you choose Ripple (XRP), it will only take a few seconds and if you choose Bitcoin, transactions usually take an average of 10 minutes to be completed.
Customer Support 9.6/10
We can’t emphasize enough:
Good customer support is important if you’re looking for a trading platform that is reliable and trusted.
As for StormGain, they didn’t disappoint.
Customer service is available 24/7 and they can be contacted via phone, email, live chat and the Telegram messaging app.
So how did it turn out?
We tried reaching them via phone support and it only took us just a couple of seconds before we were able to talk to an agent who was very accommodating in answering all of our queries.
As for email support, we sent the same questions to firstname.lastname@example.org and got a detailed response from them after less than an hour. This is quite fast in comparison with other brands that would usually take a day or so to answer back via this mode of communication.
The live chat for us is the easiest and the most convenient way to get instant support because this feature is already integrated on their platform.
So how can you actually use this?
All you have to do is click on the live chat icon on the lower right corner of the screen and you’ll be able to initiate a session with one of their agents.
As for the response time, it was really quick and takes only a few seconds after we sent the questions.
The answers that they provided to us were consistent with what we received via phone and email.
As an alternative:
If you’re using Telegram, you can also receive help and technical support by joining the StormGain community on Telegram.
In addition, they are also very active on social media platforms including Facebook, LinkedIn, Twitter and YouTube so if you wish to get in touch with them via these channels.
They can be reached via several modes of communication and are consistent in providing detailed and quick customer support.
Regulation and License 7/10
Here’s the thing:
Crypto trading is fairly new and lacks regulation so it’s understandable that StormGain is not regulated.
But the fact that StormGain is a member of the Blockchain Association of the Financial Commission is a huge deal.
This organization is known for implementing self-regulatory efforts on its members to ensure that they are upholding the best business practices and following their strict guidelines.
This is a solid indication that they really mean serious business.
Is StormGain a scam?
It’s one of the most common questions about this brand.
In order to answer this fairly, we will be evaluating StormGain’s reputation and credibility.
First of all:
They have been named as the Cryptocurrency Trading and Exchange Platform of the year by The European’s Global Business Awards 2020.
Being recognized by an independent award-giving body goes to show that they have performed well in their respective industry and in this case, the crypto trading market.
In addition to that:
They have signed a multi-year sponsorship deal as the Official Crypto Trading Partner of SS Lazio.
With this partnership, StormGain is offering exclusive Lazio giveaways to clients such as VIP suite hospitality at the Italian professional sports club’s home matches, Category 1 tickets, access to private tours and more.
What’s the logic?
A company that is capable of such huge sponsorship deals is a solid indication that they are financially stable and that their business is in the right direction.
Given that they have partnered with a very popular Italian sports club goes to show that they are indeed reliable.
So if you’re going to ask us, without a doubt, the answer is no, StormGain is NOT a scam.
What StormGain provides is an advanced online cryptocurrency trading platform with high-quality risk management tools that can be accessed not just on regular computers but also on mobile devices allowing you to easily manage your assets.
Among its biggest advantages is that it supports a plethora of cryptocurrency pairs, charges low commissions and even offers interest on deposits.
And we can’t emphasize enough:
It is extremely user-friendly and is generally ideal not just for beginners but also for experienced crypto traders.
So if you’re looking for the most opportune way to invest in cryptocurrencies safely and get the most out of these new wave of digital assets then StormGain is the all-in-one crypto trading platform to consider.
So take the next step and give it a go!