Stormgain Review

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Our Score: 4.3/5

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StormGain is a popular cryptocurrency exchange in the United Kingdom, with over 120,000 users in over 100 countries. Traders and investors all around the globe use it as a leveraged trading broker. StormGain also offers a hassle-free registration and login process. In this review, we are showing what this platform offers and promises, as well as dictating whether this broker does what it says and whether it is legit or not.

Summary

StormGain is a well-known broker that many traders prefer for several reasons: It comes with its own built-in wallet that supports several currencies; it offers high leverage; and it charges little in terms of fees and commissions. StormGain, being an all-in-one platform, provides a wide range of advantages to every crypto trader. The Cloud Miner tool and the profitable Loyalty Program are two of its many distinctive features.

On the other hand, some traders may be put off by the idea that this broker is not regulated yet.

StormGain is listed as the #1 interest rate provider for cryptocurrency traders on CoinMarketCap.

Member of the Blockchain Association of the Financial Commission since 2019.

The European listed StormGain as the Crypto trading and Exchange of the Year

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Overview

FeatureStormGain
Foundation Year2019
HeadquartersUK
Minimum Deposit$50
Trading Fee0.095% for Bitcoin
Withdrawal FeeDepends on the coin
LeverageUp to 200x
Demo AccountYes
Available Cryptocurrencies Bitcoin, Bitcoin Cash, Ethereum, Tether, Litecoin, and Ripple.
Islamic AccountYes
RegulationN\A
Mobile AppYes
Customer SupportEmail, mobile, Telegram, and live chat
Accepted CountriesAustralia, Canada, the United Kingdom, South Africa, Singapore, Thailand, Hong Kong, India, Germany, Norway, France, Sweden, Denmark, Luxembourg, Italy, Saudi Arabia, United Arab Emirates, Kuwait, Qatar and most other countries.
Unaccepted CountriesUnited States, Japan, Bosnia And Herzegovina, Afghanistan, Guyana,Laos, Yemen, Iraq, Iran, Vanuatu, Uganda, Ethiopia, Sri Lanka, Syria, Trinidad And Tobago, Tunisia, Korea.Iran.
Our Score 4/5

Pros and Cons

While there is a lot to love about StormGain, like the simple yet efficient IU and attractive commission, there are some drawbacks of the broker that you should pay attention to before starting trading on it.

ProsCons
Up-to-date, beginner-friendly charting interfaceLimited tools and research 
High leverageLimited crypto pairs
Demo Account0.1 percentage withdrawal fee for crypto
USDT stablecoinNo automated bots
Instant withdrawal processing
Deposit bonuses
Low trading fees
Crypto mining tool

StormGain Compared to Similar Brokers

Below is a comparison list between StormGain and competing brokers for you to better understand this broker and what it offers compared to other brokers.

Broker NameStormGaineToroBinance
Year Founded201920062017
Minimum Deposit$50$50$0
Inactivity feeN\AYesNo
Minimum Trade$10$1$10
PlatformsWeb, Windows, Android, iOS, Web, Windows, iOS, AndroidWeb, Windows, iOS, Android
RegulationNoneCySec and FCAFCA

Regulation

StormGain is currently unregulated, although it does function legitimately. As the official partner of Newcastle United FC, StormGain has a solid reputation and has been featured in a number of online media publications. So, it should be safe to trade via this broker.

Stormgain Bonus

The StormGain sign up bonus code for 2021 is BONUS25. To use the promo code you have to register on the StormGain crypto trading platform and input the bonus reward code. You can then claim a $25 USDT welcome deposit bonus. The promotional code is available for new StormGain customer and is valid in your country.

Claim your StormGain $25 USDT Bonus

Receive a welcome bonus when you sign up for their crypto trading platform.

As part of a loyalty program, StormGain provides deposit bonuses for all accounts, with benefits ranging from 5% for Gold members to 20% for VIP 3 members. Users can trade Bonus funds, but they can't withdraw them. They can also earn up to 12 percent interest on deposits, with rates starting at 3 percent for Gold members and up to 12 percent for VIP 3 members. Previously, StormGain had a promo code for a 25 USDT no deposit bonus as well as a Coin Contest. So, you should regularly check the platform for future promotional offers and competitions.

How do I Activate My Bonus?

  1. Step1 – Register on StormGain. Enter your email and phone number.
  2. Enter the promo code. Input the promo code “BONUS25” when registering and claim your free $25 USDT.
  3. Make a first deposit of at least 100 USDT to activate the promotional code.
  4. Start trading and claim your free $25 USDT.

Platform

StormGain offers their customers a unique trading platform experience. You get to pick from 9 different time-frames and enable your trades with the maximum computing advantage. 

StormGain, unlike many trading platforms, provides simultaneous access to several charting tools, which helps customers in keeping track of pricing changes. The platform's full-screen mode is particularly useful for viewing all 40 technical indicators, including third-party plugins like Ichimoku Cloud and Stochastics.

The StormGain platform's user interface displays all information about the exchange as well as how to store and trade cryptocurrencies. The user interface ensures that traders are engaged and have a smooth experience. The UI is more user-friendly thanks to 24/7 access to technical analysis, push notifications, signals, and charting tools. 

Mobile App

The platform's mobile crypto mining interface is also handy for on-the-go trading. The website is compatible with both Windows and iOS devices. And users can download and install the mobile app on their smartphones and tablets. StormGain is now available on Google Play and the Apple App Store. This platform can function easily on mobile and tablet devices that support the iOS and Android platforms. 

The all-in-one app from StormGain offers everything traders need from exchanging to trading cryptocurrencies. 

Assets

Customers can trade over 20 cryptocurrency futures contracts, which include commonly-used pairs such as NEO/USDT and DASH/BTC.

cryptocurrencies available

They can also buy and hold cryptocurrencies in an integrated crypto wallet in the following 6 popular currencies:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Tether
  • Litecoin
  • Ripple

Surprisingly, all transactions are carried out in Tether, a highly liquid yet stable cryptocurrency (USDT), which minimizes the exchange rate risks associated with using currencies such as Bitcoin 

Demo Account

You can start with a demo account on StormGain with 50,000 USDT in virtual funds,  which allows you to practice your trading skills and test the waters before committing to a genuine account. 

The account can remain  active for an indefinite amount of time, and you get to easily switch between demo accounts and real accounts from the dashboard.

Payment Methods

You can buy cryptocurrencies on StormGain with your credit or debit card directly from the platform. The minimum deposit (in fiat or cryptocurrency) is $50, with a deposit commission of 5% at a minimum of $10.

Users are able to withdraw their funds by transferring them to the wallet. The minimum withdrawal amount is 50 USDT (or equivalent in another cryptocurrency). Withdrawals are subject to a 0.1 percent charge. The processing of all transactions might take up to 30 minutes. 

Crypto Wallet

StormGain allows users to trade over 20 cryptocurrency futures and smart contracts, including popular crypto trading pairs like DASH – Bitcoin (BTC) and Neo – Tether (USDT). Users of StormGain benefit from the minimum deposit, too, meaning that they get to buy and keep coins at low prices for a longer period of time, increasing their earnings. 

Users can store their crypto assets in the platform's own multi-currency wallet while margin trading, swapping assets on the exchange, or storing crypto. Up to 6 prominent crypto assets can be secured in the built-in crypto wallet, including:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Bitcoin Cash
  • XRP
  • Tether USDT

To keep users’ funds safe, StormGain's wallet employs a number of security features like encryption and two-factor authentication. The e-wallet is essential for investors on StormGain, since It offers them a safe place to deposit and withdraw their funds on the platform.

The cryptocurrency assets that can be withdrawn from this broker may be limited by third-party wallets. It does, however, come with a built-in crypto wallet that handles all deposits and withdrawals with ease.

On both iOS and Android smartphones, the wallet app is accessible. To get the free StormGain wallet, go to their website and fill out a brief registration form.

Deposit

Real money can be deposited into the StormGain user account by all investors and small-time traders as well. The wallet allows users to buy Bitcoin with a credit card or transfer Bitcoin they currently own to the StormGain wallet. It also allows you to transfer 5 additional cryptocurrencies (though the process of transferring already-owned coins is faster).

Users can also choose from a list of StormGain-supported and integrated cryptocurrency wallets. The “Deposit” option is on the right-hand side of the wallet page. To view all of the wallet's deposit options, select this option.

Withdrawal

You can withdraw your cryptocurrencies by transferring them from your StormGain wallet to another wallet. Traders, as of now, are not yet able to withdraw their cryptocurrencies by transferring them to bank accounts.

StormGain does not enable the exchange of crypto into fiat currency. To withdraw crypto, you must select the wallet from the listed options only. The “Withdraw” option is located on the right-hand side of the interface. The user must provide the other wallet's destination address here. The QR code can also be pasted here. Just make sure to submit the correct information since there is no retrieval or refund policy for crypto assets lost permanently due to incorrect information.

Tools

StormGain’s platform is a visually appealing user interface that features a powerful and easy-to-use cryptocurrency trading platform for users to analyse price charts and make profitable decisions. 

Indicators, Advanced crypto trading tools, and a full-screen option are all included in the charting system. The responsive user interface of StormGain was designed with a focus on simplicity, making it convenient for both novices and expert traders.

Education

StormGain offers users with quite straightforward, easy to understand training programs. Even for beginners, learning how to trade is simple.

The platform provides a wealth of materials to educate users on the most up-to-date and proven ways for making money in the market.

Commission

On StormGain, there is more than one type of commission/interes. For example there is an exchange commission for converting a cryptocurrency into another, which is charged at the conversion time. There is also a transaction commission on trades that are made with leverage, which is charged when a trade is opened or cancelled. Finally, the financing rate's interest might be either positive or negative. 

StormGain offers a profitable multiplier on crypto trading commissions. You can trade with a leverage of up to 200 times your investment. 

StormGain, when compared to other brokers, offers high leverage and fair commissions for novices. It's also worth noting that such high leverage might result in big losses.

Fees

Not only are the commissions attractive, but so are the pricing options. StormGain displays the trading fees transparently on their website. The platform charges commissions for crypto trading and doesn’t support spreads.

Every user pays commissions in the range of 0.19 percent and 0.20 percent on the USDT and BTC trading pairs, respectively. This fee varies depending on the exchange service, ranging from 0.095 percent to 0.25 percent.

There are no fees associated with transferring cryptocurrency to the StormGain platform. When sending cryptocurrency to another platform or a hardware wallet, there is a 0.1 percent withdrawal charge. Maximum and minimum limits apply depending on the crypto asset (check the website). The withdrawal fee is not usual since most exchanges charge only the standard mining fee for the blockchain network.

Leverage

StormGain offers an 200x multiplier on crypto trading, which is greater than most brokers. 

Although it may appear appealing, novices should be aware that too much leverage can result in just as many losses as gains. But if you want to trade big with little money, this broker is an excellent choice.

Additional Features

The new Cloud Miner tool, which enables traders to mine their cryptocurrency from their mobile without the need for any additional equipment, is a standout feature of StormGain's platform. Once you've created an account, you can use the tool for free. 

Simply use the program and start mining every four hours until you have your first 10 USDT worth of cryptocurrency to trade.

You can benefit from other features on StormGain like the news forum section with articles and tips, and video education and starting classes.

Customer Service

One thing you should keep in mind when deciding to trade on a particular broker is the quality of customer support. The customer service of StormGain answers technical questions and explains how the StormGain platform works. StormGain's support team uses cutting-edge technology to resolve customer issues. 

Client feedback is positive, and the team has sufficient experience to assist traders, even those who are still testing on a demo account. They provide a live chat service that is presently accessible in two languages: English and Russian. The same assistance is available on phone, email, and telegram.

Email: support@stormgain.com 

Phone number: +248 467 19 57

Telegram: Located near the bottom of the webpage, under the logo.

Is StormGain Safe To Use?

The platform's security features are strong. Two-factor authentication (2FA) via telephone number, OTP process (SMS), and Google Authenticator protects your personal information as well as your transactional information. 

StormGain also ensures that the majority of its holdings are kept in cold wallets, which are safe offline storages for all digital assets.

StormGain offers a number of suggestions for customers to follow in order to keep their crypto assets safe, such as using a strong password, opening a second email account, and enabling two-factor authentication.

Bottom Line

All in all, StormGain offers an easy-to-use platform that is full of great features for users who like to trade with high leverage. It also has a one-of-a-kind UI and trading charts that make the platform stand out among many competitors. StormGain offers the Cloud Miner feature, which expert traders may well find it beneficial. 

StormGain has a competitive trading fee,  and it also provides good margin trading as well as multi-currency support. However, some customers report that there is not enough clarity on security measures like cold wallet storage. Furthermore, the broker is not regulated yet, so if that puts you off as a trader, StormGain is not necessarily for you.

StormGain

Our Score 4.3/5

  • Member of The Blockchain Association
  • #1 Interest Rate Provider (CoinMarketCap)
  • Up to 1:300 Leverage
  • Mining – Earn Bitcoin Daily

FAQs

What is the procedure for deleting my StormGain account?

Whether you want to delete your live or demo account, you should contact customer service, who will give you an online request form to fill out.

Does StormGain really mine Bitcoin?

With StormGain's free Bitcoin cloud mining service, you can mine bitcoin by signing up for a StormGain account, then going to the mining tab and pressing the “start cloud miner” button. After that, every four hours, you earn mining rewards.

How does mining on StormGain work?

StormGain's cloud mining service is more rewarding than other conventional cloud mining platforms. The more you trade with StormGain's crypto trading platform, the more the hash rate is diverted to your account.

Does StormGain support PayPal?

Currently, StormGain doesn't accept PayPal. Traders can use debit and credit cards, as well as cryptocurrency wallets, to finance their accounts.

How to make a deposit on StormGain?

To make a deposit, head to your account's ‘Buy Crypto With Credit Card' section, then to the Deposit section, where you can choose your wallet and payment method. Choose how much cryptocurrency you want to buy and then fill out your card and billing information in Simplex. The minimum deposit that can be made is $50.