GetStocks Review 2024 - Is Legit or Scam | Forexing.com (2024)

GetStocks General Information

Our GetStocks Review

GetStocks Cyprus based an online brokerage firm that offers numerous assets to trade in the financial market. It provides an easy and user-friendly website structure. GetStocks was established in 2013.

GetStocks took 2 years to make them user friendly, beginner friendly interface and intuitive.

They mainly focus on stock trading but other tradings are also available.

GetStocks Trust and Regulation

GetStocks is owned and operated by the GS Sharestocks LTD. The parent company regulated by the CY CYSEC (Cyprus Securities and Exchange Commission) in December of 2014, license no 262/14. The parent company headquarter is located at Chrysanthou Mylona and Griva Digeni Street, Panayides Building, 3030 Limassol.

You will get full details about the GS Sharestocks LTD on there: https://www.cysec.gov.cy/en-GB/entities/investment-firms/former-investment-firms-cypriot/71226/

GS Sharestocks LTD also known as GS Stocks that completely regulated by the VFSC and FMRRC.

The GS Stocks also operate invest.com. Anyway, the GetStocks also regulated by the FCA (Financial Conduct Authority), the registration number is 714881.

As per the CySEC regulation, your fund will maintain in the segregated accounts. Also, the company is authorized by the MiFID (Markets in Financial Instruments Directives) for European Union clients to provide financial market services.

Trading option: what can you trade?

As the name suggests, GetStocks offers stock trading. It offers trading without any margin.

The firm offers a copy and or social trading features, that called “Piggyback copy trading”. It like the eToro social trading platform.

Here two focus options to trade with GetStocks:

Stocks

Most of the client’s trade stocks. There is a range of shares listed on the LSE (London Stock Exchange) and other platforms also available.

The minimum deposit is $75, and the maximum leverage is 1:30.

EFTs

Exchange-Traded Funds is the 2nd likable option for GetStocks clients.

The minimum deposit and the leverage same as the stocks but the trading fees are higher than the stocks.

Also, they offer a lot of products including all major Forex currency pairs, CFDs, Spot Metals, and Energies.

GetStocks Account Types

They offer 2 types of account, these are Gold, Platinum account. Both gold and platinum accounts are ECN account. The Platinum account offers a variable spread.

They charge a flat rate on all trades that suitable for both beginner and professional traders.

They charge $7 for USD and £9 for GBP and €12 for EUR based account. These fixed irrespective involved in the transactions that easy to remember and straight forward.

This option is cheaper for big traders and makes trading easier.

GetStocks trading platform

GetStocks offers the largest trading platform for their clients to trade on the financial market.

They offer an MT4 platform that available for both Mobile and Desktop devices.

The platform provides a very user friendly environment. You will get a lot of trading indicators and tools, many options and features, news and market analysis, and more.

Also, GetStocks offers a Sirix platform. This platform also provides a friendly interface and environment, one click trade execution. Here is easy to access indicators and analysis.

This platform available for all Web, Desktop & Mobile device. You will get a seamless trading experience!

Trading apps

GetStocks offers a unique trading app that includes the concept of social trading.

GetStocks has launched the first stock social trading platform! The trading apps are available for mobile devices (IOS & Android) only. But the trading platform can be downloaded for both Desktop and mobile.

GetStocks trading condition

Supported Exchanges

They offer some most popular exchanges. Currently, they support LSE, AIM for UK and NYSE, NASDAQ, ARCA for the UK.

They don’t offer too many exchanges as other brokers.

Deposit

The accept the minimum deposit is $100. When it comes to stock trading, this amount is pretty acceptable for newbie traders. It is really suitable for non-leveraged stock investing. Usually, a brokerage firm requires at least a thousand dollars to start!

Commission and Fees

The commission structure and fees are different for different shares. The starting commission is £7 for UK shares, $7.5 for US shares, and $7.5 for US EFTs.

For US stocks, the charge is 0.007 per share and 0.12% For UK stocks of total transaction volume.

As we have seen, the fees and commission are very competitive. They provide good opportunities that the other brokers.

Inactivity fee

Many brokers take a fee for inactivity. But GetStocks have a good opportunity, they don’t charge any fee for inactivity. It brings an opportunity to investors to enjoy the vacation! While other broker takes a $10 to $150 fee without any trading!

This logical decision makes them grate to their clients.

Deposit and withdrawal

Although the GetStocks have a lot of benefits and cause to stay with them. They don’t offer a lot of options for deposit and withdrawal funds.

They only accept debit cards, credit cards, and bank wire transfer procedures. Nowadays they are willing to add some common and easy methods for users and attract new clients.

Usually, the takes 5 to 8 business days to complete a transaction. It depends on the bank.

Client support

The client support center always ready to solve all their client’s problems. On their official website have a FAQ option that answered most of all common question.

The support is only available in the international English language. You can reach them via email [emailprotected], call 0-808-189-3412 (UK only), +44-330-8280915 (outside of UK), and office phone & fax at +357-25-021-060 and official support at their office at 25 Kolonaikiou Avenue Office 201-4103 Limassol-Zavos Kolonaikiou Center-Block A-Cyprus.

Conclusion

GetStocks is a regulated stockbroker headquartered in Cyprus. It provides user friendly trading options, fees & commission, and an easy website interface. It utilizes unique techniques and easier methods to make happy their clients.

You can join with GetStocks for the following features:

• Allows newbies to trade stocks in the most profita ble manner.
• Professional traders get a chance to make more money.
• High tech and diverse trading platforms
• Sound and dedicated customer support 24/7
• Competitive fees and commission.

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