StormGain Review 2024 - Legit or Scam? How To Use StormGain? (2024)

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StormGain Review: Fees, Pros & Cons Covered

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Fast Trade Execution

Up to 200x leverage

Clean, well-designed interface

Multiple deposit methods

Nice Mobile App

No KYC

24/7 Customer Support

StormGain, a dynamic player in the cryptocurrency trading arena, has been gaining traction among both novice and seasoned traders. This platform, known for its user-friendly interface and robust features, is making cryptocurrency trading accessible to a global audience.

StormGain is one of the new names in the industry as it was founded in 2019 with an aim to offer new unique features that set it apart from the pack.

The exchange tries to build its name through an exclusive partnership with Newcastle United FC, a UK-based Football Club which is the way many similar brokers from forex industry went, obviously successfully since it is replicated by newcomers like Stormgain.

In this comprehensive StormGain review, we will delve into the platform’s key features, trading options, fee structure, security measures, and its availability across different regions, providing you with a detailed insight into why StormGain is becoming a preferred choice for cryptocurrency traders worldwide.

The website has also been translated into twelve different languages (English, Spanish, Chinese, German, French, Dutch, Italian, Polish, Portuguese, Russian, Turkish, and Vietnamese) and is used by over two million clients worldwide. StormGain claims to have users not only in the UK, but also in China, France, Germany, Italy, Poland, Portugal, Russia, Spain, the Netherlands, Turkey and Vietnam.

The exchange has a nice interface and offers some of the best rates on leveraged crypto profitable trades, as well as a full suite of trading tools. It is easy to sign up to and is fully accessible via any device and operating system.

What does StormGain offers?

Before we delve deep into this StormGain review, here is a quick rundown of the main features the platform offers. There are a number of features that StormGain likes to highlight.

StormGainoffer is made up of four main products that can be used via its web and mobile apps: instant exchange,regular exchange,margin exchange(trading with leverage/multiplier) and a multi-currencycrypto wallet.

• Instant exchange– a simple conversion tool that allows you to quickly exchange all your bitcoins with litecoins or ethers with bitcoins etc.
• Regular exchangeis for spot trading popular cryptocurrencies (such as Bitcoin or Bitcoin Cash for instance) while having access to a suit of more advanced tools and order types.
• Trading with multiplier(margin exchange) – makes it possible to make insane gains with small investments by the means of high leverages, but it also carries a high risk. Margin trading isn’t recommended for noobs and inexperienced traders.
• Crypto walletis a separate product to the exchange, it is a token of appreciation from StormGain to all crypto users around the globe – it helps you secure, manage and exchange the funds you own. This wallet can be used wherever and whenever you are in need.

It’s important to note that all of these products can be accessed from one main, free standard account, which makes the exchange suitable for a wider audience as it is geared towards all kinds of crypto traders: beginners right through to advanced traders. The platform supports a wide range of crypto trading pairs.

StormGain Features

Below is a full overview of all StormGain features:

• IOS, Desktop & Google Play apps
• Charting tools
• The inclusion of trading signal
• A user-friendly interface for both beginner and experienced traders
• 2-factor authentication
• 24/7 customer service support
• Interest on deposits
• Multiple deposit methods
• 0% swap rates for day trading
• Loyalty program
• 50,000 USDT demo account
• OCO (simultaneous ‘Stop-Loss’ & ‘Take Profit’ orders)

What countries are allowed on StormGain? Is StormGain Available in the USA?

StormGainis not a regulated trading platform which makes it illegal in the USA and the broker states it on their website that they are open to all countries except “in the USA, its territories or possessions or in the Countries identified by the FATF as high risk or non-cooperative jurisdictions“. Below is a list of restricted countries:

• USA
• Canada
• Japan
• Afghanistan
• Bosnia and Herzegovina
• Guyana
• Iraq
• Lao PDR
• Yemen
• Vanuatu
• Uganda
• Syria
• Ethiopia
• Sri Lanka
• Trinidad and Tobago
• Tunisia
• Iran
• North Korea

However, it is always best to check with your local laws first if you are in any doubts about whether you can trade on StormGain. Click here to reach out to their customer support team.

Getting Started on StormGain – Registration

What kind of StormGain review would this be if we wouldn’t cover the sign up process.

The registration process at StormGain couldn’t be easier and can be done in seconds.

To get started with a free StormGain account, go toStormGainand click on Get Started on the left-hand side of the site. Complete the requested information, which includes email address and password, and then make your USDT deposit.

Next accept terms and click “Create Account.” It’s also important to note that you will also be asked to confirm that you are not a U.S citizen. Finally, you will need to confirm your email address by clicking on the link sent to your email.

It is highly recommend enabling 2FA in StormGain login account and in any other trading site you are using. Click your user ID (e-mail) in the top right corner and a dropdown menu will open, select ‘Security’, ‘enable 2FA’ and follow the on-screen instructions.

Once you’ve registered your account, you will need to make a deposit to begin trading and taking advantage of the StormGain platform offerings.

StormGain Fees

StormGain has low and competitive trading fees. StormGain’s fees are in-line with other leading cryptocurrency exchanges. Fees vary depending upon the cryptocurrency pairing that is traded, ranging from between 0.15% to 0.25% for an individual position, in addition to open-position fees of up to -0.04% per day (valid for margin trading).

Most cryptocurrency exchanges usually offer lower fees formakerorders. However, StormGain charges a fixed fee for any order type which is a deterrent to professional market makers who are accustomed to rebates on their trading.

More information regarding fees can be found on stormgain.com/fees-and-limits.

StormGain Deposits and Withdrawals

Once you decide it is time to deposit some funds you will quickly grasp that StormGain has not only crypto but also fiat gateways (for deposit only). The only way to send funds out of an account on StormGain is via one of the supported cryptocurrencies.

Their fiat gateway is a popular Simplex service used by many other exchanges that offer instant bitcoin purchases with credit/debit cards.

Deposit Methods

The deposit and withdrawal methods on StormGain are the same. However, it’s important to note that you can’t withdraw to credit/debit cards but you can deposit with them. The following cryptocurrencies can be deposited and withdrawn on StormGain:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• XRP (XRP)
• Bitcoin Cash (BCH)
• Tether (USDT)
• Credit/Debit Cards (deposits only)

Hopefully, StormGain will add more digital assets to this list in the future.

How to Make Deposits?

Deposits are easy within StormGain. To make a deposit you need to login to your account, select the crypto you want to deposit from the ‘Wallets‘ section, copy the deposit address (or use QR code) and send crypto to the address.

Alternatively, you can also fund your account using a credit or debit card, although there are higher fees associated with this due to the processing fees. Click the green [BUY CRYPTO WITH CREDIT CARD] button, follow the instructions and buy any of the supported cryptos directly.

It’s important to note that there is a minimum deposit on StormGain. The deposit varies by the coin you are using to deposit onto the exchange with (as a general rule, the minimum deposit on StormGain is around $30-$50 USD).

There isno maximum amountyou can deposit onStormGainforcrypto deposits (even though there is a minimum deposit), although, but do note that purchases by credit card are capped at $20,000 or €20,000 for credit card purchases.

Keep in mind that based on the deposits and trading volumes, themining speedon the StormGain mining platform is being determined.

How to Withdraw from StormGain?

The withdrawal methods available on StormGain are identical to the deposit methods (except you cannot withdraw to bank cards).

When you wish to withdraw, just click a coin in the right column again and the same popup as earlier opens when you make a deposit.

Select the withdraw button instead and input your wallet address and the amount you want to send. You should see a dynamic fee, once you’ve completed those steps, showing you exactly how much the withdrawal will cost you. Click the ‘Withdraw’ button if you are happy with the withdrawal details and confirm the withdrawal from your email address.

There are a couple of fees that one can expect to be charged when you wish to take your funds of the exchange. The withdrawal fee on StormGain is 0.1% of the withdrawal amount, which is pretty decent.

Other crypto exchanges out there charge a standard fee no matter the amount you withdraw – little or big. That’s why dynamic withdrawal feemakesStormGainperfect for beginnersas youdon’t have to pay a high withdrawal feefor small withdrawals.

The Supported Cryptocurrencies on StormGain

You can trade the following crypto assets on StormGain:

Bitcoin, Bitcoin Gold, Bitcoin Cash, Cardano, Dash, EOS, Ethereum, Ethereum Classic, IOTA, Litecoin, Monero, NEM, NEO, OmiseGo, QTUM, Ripple/XRP, Stellar, Tether, Tron and Zcash.

StormGain Trading Platform

Like most crypto exchanges out there, StormGain designed their own platform that features limit orders, like stop-loss and take-profit orders, as well as other useful crypto trading tools.

Margin trading on StormGain – Trading with leverage

As mentioned earlier, StormGain also offers margin trading, dubbed as “Trading with multiplier” on the platform.

StormGainoffers up to 150x leverage (this is only for the BTC/USDT pair, while all other coins onStormGainhave a maximum leverage of 50x).

This dwarfs its competitors like BitMex or Binance Futures but is in the same ballpark like Deribit, PrimeXBT, PrimeBit and ByBit.

It’s important to note that, in marging trading, the limit profit and loss selections are extremely important. You will lose your money very fast if you use a high multiplier and the trade starts to go the wrong way. It is strongly recommended that you only use leverage with the limit loss feature, because it will stop your losses and close your positions saving you from a complete liquidation .

StormGainoffers four main order types:

• Market (Now) – market orders are orders which execute instantly at market price. Market orders are the default on the trading platform
• Limit (At the price) – limit orders are saying that if the price goes to x, buy/sell z amount of the asset. Limit orders can have lower fees but usually take longer to complete.
• Stop Loss
• Limit Profit

The last two order types let you limit the loss of a trade or secure profit if it is going in your direction.

How to Trade on StormGain

Use the following steps to trade on StormGain with multiplier:

1. Deposit into your account

Before you can start trading you’re going to have to deposit some cryptocurrency.

2. Open a trade

In order to open a trade or position, simply select a crypto pair on the left-hand side of the screen and click on the green ‘Open Trade‘ button. You can then choose between immediate trade based on market price, or ‘At the Price’ trade, where you are able to pre-specify the buy or sell price. In both cases you need to enter the trade amount and multiplier. This also allows you to manage your risk by selecting your profit or loss.

StormGainalso has a feature called ‘Auto-increase‘, a top-up mechanism to keep a trade open should the loss reach 50%. StormGain automatically invests an additional 50% of the trade amount, deducting from your particular wallet.

3. Monitor trade

‘My open trades‘ section is the place from where you can monitor the status of your live trade on StormGain. This nice feature also allows you to see your current profit/loss on the trade and see details on when you opened it.

4. Close the trade

Closing a trade is pretty simple. All you have to do is go to the ‘My open trades‘ section, hover over the trade and click ‘CLOSE OUT‘. A box will pop-up asking you to confirm that you would like to close the trade. If you want to continue to close, click ‘Yes, close‘ and if you don’t want to anymore, click ‘Cancel’.

StormGain Charts

StormGainhas built-in interactive charts which are native to the StormGain platform. The charts can be used to track historical price movements in order to make better trade decisions. The charts offer a range of different time frames, types and indicators to suit any trader, including the most popular chart types like Candles, Line, Area, Heiken Ashi and bars. Traders are able to select and customize the charts based on preference, with 9 time frames on offer, ranging from by the minute to monthly (1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 1 week and 1 month).

The charts look really nice and are easy to use. One more thing worth noting is that you can make the chart full-screen as well as draw on the charts with all the usual tools and indicators.

StormGain Demo Account

StormGain offers a full demo account, which is free to set up and only takes a few seconds. The demo account gives you$50,000to practice trading on the platform. This is an excellent newbie feature for trial and error because you can safely try any features on the site as if you were using real money.

Follow these steps to open a StormGain demo account:

1. Clickhereto register for free
2. Login to your account
3. Click your email address and then toggle the ‘Demo account’ button
4. Click „YES“
5. Open trades with your demo capital
6. You can switch between your demo and regular account at anytime by toggling the ‘Demo account‘ button again

Here are a couple of photos that explain the process in further detail:

StormGain Mobile App

One more great thing about StormGain is the fact that they offer a mobile app for both IOS & Android (Google Play Devices), which has all the main features of the web platform, all compressed into a well-designed and fast mobile-ready application.

TheStormGainmobile app also offers features which you can’t get on the web version, such as price alerts for crypto assets. This is a nice little feature which improves the overall experience for the trader.

The StormGain trading platform is downloadable for both Android and iOS devices.

Download StormGain App for iPhone

1. Go to the app download page
2. Download the app
3. Open the app and sign in
4. Deposit & start trading

Download StormGain App for iPad

1. Go to the app download page
2. Download the app
3. Open the app and sign in
4. Deposit & start trading

Download StormGain App for Android

1. Go to the app download page
2. Download the app
3. Open the app and sign in
4. Deposit & start trading

Is StormGain Legit or Scam?

StormGain is a legit genuine platform due to moderate levels of transparency and range of in-exchange security features. The platform has an average rating of (4/5) on Google Play, but it is yet to receive massive attention from the public.

Alex Althausen, CEO of StormGain, has vast experience in fin-tech sphere. He has 10+ years of experience in management and 5+ years in Financial Services. He is transparent and active on social media which is also one proof that the exchange is safe to use.

The exchange also has great direct account security features, including2-factor authenticationfor bothSMSandGoogle Authenticatorto maximize the security of your funds as well asdata encryptionandcold wallets fund storagefor StormGain’s built-in crypto wallets, which is great for long term investors

StormGain also offers 24/7 support to its customers. They claim to resolve all problems as soon as they are reported.

StormGain Loyalty Program

StormGain also has aloyalty programfor investors and traders, offering a range of benefits.There are a total of 5 tiers:

• Standard: Account balance of less than 499 USDT and no trading volume.
• Gold: Account balance of greater than 499 USDT and a trading volume of greater than 150,000 USDT.
• Platinum: Account balance of greater than 1,499 USDT and a trading volume of greater than 750,000 USDT.
• Diamond: Account balance of greater than 4,999 USDT and a trading volume of greater than 2,250,000 USDT.
• VIP: Account balance of greater than 49,999 USDT and a trading volume of greater than 7,500,000 USDT.

The trading volume required might seem extremely high. However, these are so-called nominal trading value requirements which means you have to calculate leverage in it.

Benefits include varying exchange commissions and trading commission discounts depending upon deposits ranging from 5% all the way up to 15% from gold status and above. All benefits are individualized for VIP clients.

StormGain Bonuses

StormGain is well known for offering attractive bonuses (suchas deposit bonus or deposit bonuses) and offers. VisitStormGain promo code page if you want to check out all the latest promo codes forStormGain.

StormGain Affiliate Program

StormGain also offers affiliate program, which lets you earn by referring people to trade on the platform. StormGain’s affiliate/referral program is separated to your main StormGain account. That’s why you’ll need to use this link go.stormgain.com/signup to register as an affiliate. It’s free and doesn’t require KYC.

StormGain offers its affiliates 2 main commission plans:

1. CPA, or ‘Cost Per Acquisition’ means that you get paid a one-off amount, which depends on the location of the person who signed up through your affiliate link, for getting people to sign up on StormGain.

2. Revenue Share – this payment plan means that you split the revenue with StormGain from people you refer to trade on the platform. It is the most popular in crypto affiliate programs.

StormGain’s revenue share plan is 30%. This means that you will earn 30% of the trading commissions paid by your referrals when they trade on StormGain for the first 3 months of their account.

Affiliate Dashboard

StormGain uses thecellxpertsoftware for their affiliate program, which is easy to use. It is basically a turn-key white label solution used by thousands of companies worldwide.

StormGain Affiliate Dashboard

On the homepage of the dashboard, you can see that all the important statistics are shown in real-time, including:

• the number of registrations through your links in the set time period
• the amount of those who deposited (FTD – First Time Depositors)
• how much commission your referrals generated
• the standard conversion rate figures like CTR and impressions.

Click hereto sign up to StormGain’s affiliate program. Once your account is verified by the team, you can go ahead, get your referral link and start earning immediately. To get your unique affiliate link on the StormGain affiliate program, follow these steps:

• go to ‘Marketing Tools‘
• select the filters likeLanguageandLanding Page
• copy the link for the landing page you want to share

Payouts

StormGain offers multiple choices when it comes to payouts:

• PayPal
• WebMoney
• Skrill
• Yandex
• QIWI
• Bitcoin
• Wire Transfer

These payment methods can be chosen under ‘Account Details‘ > ‘Payment Details‘.

StormGain Affiliate Payment Methods

It’s important to note that StormGain’saffiliate commissions are paid out between the 1st and the 15th of every month for the previous month’s commissions.

StormGain Video Education

Trading crypto assets is a fairly new field and not well-understood by the wider population, and it’s not surprising that plenty of people are unsure how to do it in the most appropriate way. That’s why it’s extremely important to learn how to trade so that you can make the most of the crypto market and achieve your trading goals.

StormGainhas provided easy-to-follow animated videos with full tutorials to make it easy for people to learn how to trade crypto on their platform.

To access StormGain’s educational videos, follow these steps:

• register for a free account
• click on the drop-down menu
• select ‘Video education‘

StormGain Video Education

Social Media

StormGain has a strong social media presence, including Facebook, LinkedIn, Twitter and, YouTube. While users can find an array of tutorials, members are also able to contact StormGain via the various media platforms.

• Facebook:https://www.facebook.com/StormGain.official/
• Twitter:https://twitter.com/StormGain_com
• LinkedIn:https://www.linkedin.com/company/stormgain
• YouTube:https://www.youtube.com/channel/UC4yuGxdmFz8_xaDenLYSYBw

Users can also join theStormGain communityon Telegram.

Conclusion

To make a final verdict, StormGain is a solid, secure and all-round great cryptocurrency trading platform that caters to both the more novice and more experienced investors and traders. StormGain’s trading platform looks great and is very easy to use.

One of the best parts about the StormGain platform is the host of advanced trading features. StormGain is also offering a free crypto wallet which can be used by anyone, even if they don’t want to trade on the platform. Throw in the competitively low fees, the trading multiples on offer, the loyalty rewards scheme, interest on deposits and risk management tools and StormGain stands out from among its peers and their client base is likely to expand at a rapid pace.

The only major shortcoming to the platform is that it is new and hasn’t proven itself on the market like its competitors, which is something to consider.

Stormgain alternatives

If you are not fond of Stormgain, here is a list of potentialcrypto margin exchangesthat can be good alternatives:

• Binance review
• Margex review
• Bitfinex review
• PrimeBit review
• Coinbase Pro review
• Kraken review
• Bybit review
• PrimeXBT review
• SimpleFX review
• eToro review
• Deribit review
• FTX review