STEX Fees and Minimum Deposit - TU Expert review
After considering a crypto exchange’s security, examining its fees is the next crucial step. Lower fees translate to higher potential profits. Newcomers to crypto trading may also want to consider the minimum deposit required to start trading, as they might prefer to begin with a smaller investment.
Traders Union analysts have assessed STEX fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
Short introduction of STEX
STEX.com, formerly known as Stocks.exchange, is a cryptocurrency scam exchange registered in Estonia since 2017. It abruptly shut down, leaving users unable to access their accounts or conduct any transactions.
The LinkedIn profile of the exchange's founder disappeared shortly before the site's closure.
Since 2017, STEX.com has garnered reviews labeling it as the worst exchange. Users complained about a poor interface, limited features, high fees, and unfavorable rates.
Many online reviews state that traders were unable to withdraw their funds when the exchange shut down, and technical support ignored their complaints. Most users rated STEX very poorly, giving it only one star.
During its time as Stocks.exchange, the platform was caught posting fake reviews about itself.
Due to these issues, STEX has been blacklisted as a broker in 2024.
👍 Advantages of trading with STEX:
•loads of cryptocurrencies and tokens to trade and exchange for fiat currencies;
•2FA authentication, PGP key, and web authentication;
•customer funds are kept cold and segregated;
•availability of TradingView terminal and mobile trading application;
•IP whitelisting, log in via Google, Microsoft, or Linkedin;
•less than one-second order processing;
•off-the-charts stability;
•high-profile advanced charting features;
•referral payments: 25% of partner's trading fees;
•opportunity to reduce commissions to 0.1%;
•no withdrawal limits (only for L1 tier).
👎 Disadvantages of STEX:
•no demo account or solutions for beginners;
•no call center, the connection with the technical support is by email only;
•no information about the license of the company.
STEX Commissions and Fees
Trading operations fees on STEX are fixed. They do not depend on the volume of trading and other factors within the platform or market. The fees are determined at the start of the verification option (data confirmation). The following options and their corresponding commissions are available:
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Level 1 (L1) - 0.2% for users verified through the site service (withdrawal limit — up to $500,000 per day);
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Level 2 (L2) - 0.15% for users verified via STEX, Smart-ID, or Fractal;
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Level 3 (L3) - 0.1% for users verified through Cryptonomica.
There is only one way to reduce commissions after verification which is by using rebates from the Traders Union. But even the L1 level commission of 0.2% for a taker/maker is below average in the market segment.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.2% per order | Yes |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Crypto market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Why is it important to consider the minimum deposit at a cryptocurrency exchange?
Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange.
Risk Management: Exchange-set minimum deposits ensure traders have sufficient funds to cover potential losses and fees, preventing financial overextension.
Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals.
Cost Considerations: Assessing minimum deposit requirements helps traders account for trading expenses.
Are the fees and minimum deposit requirements at STEX suitable for beginners?
Analysis of STEX shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Can you cover the fees with bonuses?
Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.
What deposit amount should a beginner start with?
Some brokers offer a minimum deposit of $1. However, it is recommended to deposit at least $300-500 to the account to be able to trade fully.
Can the level of the fees change if different accounts imply the use of different platforms?
Yes. Some brokers offer different trading platforms on different types of trading accounts. In this case, the size of the fee may change.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.