StormGain 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 StormGain fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
Short introduction of StormGain
The StormGain cryptocurrency exchange is a platform for cryptocurrency trading and exchange. Bitcoin, Tether, Dash, Monero, Tron, and dozens of other cryptocurrencies and tokens are traded on this exchange. The platform has its proprietary trading terminal, of which there are browser and mobile versions. StormGain offers a standard referral and loyalty program to improve trading terms. There is also an investment deposit program with a profit of up to 12% per annum. The platform provides basic training guides, and there is a high-quality support service operating twenty-four/seven. The Bitcoin mining function with its zero commissions is an important cryptocurrency exchange feature. The commission fee is charged only on successful trades in the amount of 10% of the trader's profit.
👍 Advantages of trading with StormGain:
•all major cryptocurrencies are traded and exchanged on the exchange;
•the website provides the user with a free cryptocurrency wallet;
•simple verification, intuitive interface;
•increased security for data and personal information;
•there are opportunities for passive earnings (deposit and mining);
•no trading commissions,
•fees are activated only on profitable trades;
•localization into the world’s main languages.
👎 Disadvantages of StormGain:
•there are no instruments with fiat funds on the cryptocurrency exchange;
•there is no hot way to store cryptocurrencies.
StormGain Commissions and Fees
StormGain only charges one type of commission to its users. The fee is 10% of the amount of your income for a successful trade. There are no commissions if the trade is unsuccessful. Swap sell and purchase depend on the asset, for example, the indicator is -0.070%/- 0.070% for LTC/BTC respectively. There are also commissions for exchange operations, the fee amount depends on the assets involved, For example, the minimum exchange amount is 0.00000001 BCH, and the site's fee is 0.25% - for BCH/BTC.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | from $0.1 | 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 StormGain suitable for beginners?
Based on the results of the analysis, Traders Union experts have concluded that the fees charged by the broker are average. There are companies with lower fees. The broker offers a low minimum deposit, but average fees do not make this broker a good choice for novice traders.
FAQs
Is there a dependence between the fees and the deposit amount?
If a broker offers several account types, there is often a dependence. The more money you deposit, the higher the level of your account will be, and, accordingly, the lower the fees.
Can you reduce the fees?
As a rule, the fees depend on the trading account type. Also, companies may have special offers.
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.
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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.