StormGain Review

StormGain Review

Point Summary

Headquarters Seychelles
Found in 2019
Regulation No
Platforms Stormgain designed their own platform (web and mobile)
Instruments Cryptocurrencies
Costs Trading costs are not low
Demo Account Available
Minimum deposit $50
Leverage Up to 200
Commission on Trades Yes
Deposit, Withdrawal options Credit/Debit Card, Cryptocurrencies
Education Yes
Customer Support 24/7



Introduction

StormGain is a crypto trading platform which aims to make trading accessible and easy for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets.

It was founded in 2019 and has an exclusive partnership with Newcastle FC, a UK-based Football Club.

The platform is easy to use for all types of users, including complete beginners and do not have to go through the tedious KYC process to register and use StormGain.
StormGain Review
StormGain allows you to start trading the most popular and most capitalised coins with a multiplier of up to 200x, or you can just buy and hold crypto.

They also provides both the traditional and instant exchanges. Instant exchanges are more convenient for inexperienced users. Through that, users can exchange one crypto to any other in less than five minutes

Cryptocurrencies have become more popular, but many crypto exchanges simply don’t offer normal trading tools like limit orders. StormGain created a fully-featured trading platform that goes well beyond simple trades.

Inspired by the desire to make cryptocurrency trading more profitable for everyone, StormGain takes the best of investment and cryptocurrency markets and offers a platform for trading via cryptocurrency futures contracts.

StormGain offers a variety of order types and trading tools, customized buy/sell signals — everything you need to fully embrace the trading experience.

In this review, I’ll be showing you everything there is to know about StormGain. I’ve personally tested out the exchange with my own money as I know how difficult it can be to trust a crypto exchange at first. Anyway, enough of the introduction, let’s get into the review.


Is StormGain safe or a scam?

Stormgain is part of Libertex, which offers trading platforms for 20 years. A large part of the people who work for the company are visible on the website. For example the CEO of the company: Alex Althausen.

StormGain appears to be a legit cryptocurrency trading exchange based on our research. The exchange is a member of the Blockchain Association within the Financial Commission. Founded in 2019, StormGain is an Official Sleeve Partner of the popular UK Football Club Newcastle United.
StormGain Review

They provides several recommendations for users to adopt to keep their crypto assets safe on the exchange. The measures include using a strong password, activating two-factor authentication and creating a separate email account.

This platform is adequately encrypted to ensure data safety and users are required to adhere to strict safety measures when signing up on the platform. StormGain is also compliant to the EU General Data Protection Regulation (GDPR).

StormGain also stores cryptocurrency in cold wallets, which safeguards these crypto funds from attacks like hacking, theft, blackmail, and others beyond human control factors.

Overall, I am comfortable in saying that StormGain is a safe exchange to use.

Accounts

StormGain offer multiple products for one account. It is better than just focussing on one area like other crypto exchanges. It suitables for wider audience from beginners to experienced traders

However, there are still a distinct minimum balance requirement and exchange fees on each accounts. StormGain provides 7 types of accounts as below:
StormGain Review
Signing up for a StormGain account is extremely simple and can be done in seconds.

KYC regulations are a great thing for the crypto industry, Unfortunately, many crypto exchanges have lost customers because they simply have to turn away people for regulatory reasons. StormGain is easy to open an account with, and they only require their clients have an email address, and a minimum deposit of 50 USDT.

The registration process at StormGain is extremely simple.

  1. Go to the stormgain
  2. Enter your email address
  3. Choose a password
  4. Enter promo code PROMO25 to get a $25 USD welcome bonus
  5. Agree to the terms, conditions and indicate that you are not a US citizen
  6. Click ‘Create an account‘
  7. Confirm your email address by clicking on the link sent to your email
StormGain Review
Your account is immediately active and ready to trade. In order to trade, you must deposit crypto, but more about this later in this Stormgain review.

How to use Demo Account

StormGain offer you a free demo accounts with 50,000 USDT if you wish to test their crypto trading platform before opening a real trading account. You can quickly and easily switch between demo and real accounts as much as you desire by using the switch that is located in your personal menu. To use it, follow these steps below:
 
  1. Go to the stormgain
  2. Login to your account
  3. Click on your account name (email address), on the right screen
  4. Toggle the ‘Demo account‘ button
  5. Click ‘Yes‘
  6. You can now use your StormGain demo with 50.000 USDT
StormGain Review
The account already is swtiched to Demo account
StormGain Review


Products

StormGain offer four key products available to its clients on its web and mobile apps.

Once you have signed up with StormGain, you can access the following products:

Instant Exchange: Swap cryptocurrencies immediately at market price.

StormGain Review

Regular Exchange: Trade cryptocurrencies with advanced order types and more tools.

StormGain Review

Margin Exchange: (trading using a Multiplier/Leverage) you can trade cryptocurrencies with up to 200x.

StormGain Review

Crypto Wallet: for storing, beside that you can send, receive your cryptocurrencies.

StormGain Review

StormGain offers the trading of cryptocurrency futures contracts and currently supports the following cryptocurrencies, each coin has both a BTC and USDT pair:
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • XRP (XRP)
  • Bitcoin Cash (BTC)
  • Litecoin (LTC)
  • Cardano (ADA)
  • Tron (TRX)
  • NEO (NEO)
  • Dash (DASH)
  • Nem (XEM)
  • Ethereum Classic (ETC)
  • QTUM (QTUM)
  • OmiseGO (OMG)
  • EOS (EOS)
  • IOTA (IOTA)
  • Zcash (ZEC)
  • Stellar Lumens (XLM)
  • Monero (XMR)
  • Bitcoin Gold (BTG)
If you are looking for somewhere to margin trade smaller coins as well as large caps (eg Bitcoin Ethereum), then StormGain might be just right for you.



Leverage

Leverage trading means that you can increase the amount you are trading with without having to have a larger balance

StormGain offers anyone who wants to hold cryptos, or trade them with leverage a lot of functionality.

Trading with leverage of up to 200x (only available for BTCUSDT, other pairs are less or equal than 100x ).

This allows you to profit from smaller price movements and profit extremely well from large price movements.

Below your order you see your leverage and here you can also choose how many times your bet will be multiplied. For BTC/USDT you can choose up to a maximum of 200x. If you choose 200x then you are actually trading with $2000 in stead of $10. Keep in mind that a high leverage is very risky.

StormGain Review
It is very important to learn how to manage risk if you plan to use leverage to trade in any market. StormGain offers traders all the tools they need to stay safe and make big profits when the market moves in their favor.

Here is the list of Instrument with Max Multiplier:
Instrument Max Multiplier
ETCUSDT, ZECUSDT, ADAUSDT, EOSUSDT, NEOUSDT, IOTUSDT, QTMUSDT, TRXUSDT, XMRUSDT, XLMUSDT, DASHBTC, DASHUSDT, BSVUSDT, XTZUSDT, LNKUSDT, ATMUSDT, MKRUSDT, ONTUSDT,LTCBTC, ETHBTC, BCHBTC, XRPUSDT 50
LTCUSDT 100
BTCUSDT 200
BCHUSDT 100
ETHUSDT 100


Platforms

StormGain trading platform is on both web and mobile app
StormGain Review
You can get the StormGain crypto trading app from official app stores or use the web platform available for any browser.

The platform works equally well on mobile and the web-app, making your trading experience extremely enjoyable and easy to operate from wherever you are.

They provides you with different sections where you can find all the instruments offered, a section with trading signals, the status of each trade, the information of each of your wallets, as well as 2-factor authentication, which will allow you to trade safely and without any problems.

It making your trading experience extremely enjoyable and easy to operate from wherever you are.

Mobile Trading

You can download the mobile app from Google Play or App Store.
StormGain Review
The mobile app has all the main features of the web platform, all compressed into a well-designed and fast mobile-ready application.

Most of the reviews we have come across indicate that the platforms are highly intuitive and beginner-friendly. This is unlike significant competitors such as Binance, Kraken, and BitMEX.

Can use this platform from tablet or mobile and enjoy all the benefits of a well-designed trading platform to keep control of your trades wherever you go

Beside that, Mobile app still have more benefit than web app such as price alerts for cryptocurrencies, this little feauture which help a lot for the trader. you can update the info about the market immediately.

 

Deposits Withdrawals

Deposits

There are two different ways to deposit funds at StormGain, you can use Credit/Debit cards or cryptocurrency . They require a minimum deposit of approximately $50 for Credit/Debit cards.

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

With Credit/Debit cards, there are higher fees associated with this due to the processing fees. It is very simple to deposit on StormGain and you can do it on both the web and mobile app.

Follow these steps to buy crypto with a Credit/Debit cards:

  1. Login to StormGain account
  2. Navigate to the top menu and click on Buy Crypto With A Card
  3. Select Credit Card as a payment option
  4. Enter in the amount of Bitcoin you want to purchase
  5. Confirm the order and click on Deposit

StormGain Review
Alternatively, transfer already owned cryptocurrencies to your StormGain wallet. There are no deposit fees on StormGain as with most other crypto exchanges
 
  1. Login to StormGain account
  2. Select the appropriate crypto wallet on the right-hand side of your screen
  3. You can either copy the address or use the QR code to transfer from your other crypto wallet.
  4. Send crypto to the address
StormGain Review
Below is the video for Deposit.



What is a minimum/maximum deposit?

Bank cards deposit

Below is the minimum deposits for Credit/Debit cards and there is also a maximum limit of 20 000 EUR/20 000 USD for this .
Currency Deposit commission Min. commission Min. amount of deposit Max. amount of deposit
USD 5% 10 USD 50 USD 20 000 USD
EUR 5% 10 USD 50 EUR 20 000 EUR
AUD 5% 10 USD 70 AUD 50 000 AUD
CHF 5% 10 USD 50 CHF 20 000 CHF
CZK 5% 10 USD 1000 CZK 1 000 000 CZK
DKK 5% 10 USD 350 DKK 200 000 DKK
GBP 5% 10 USD 40 GBP 20 000 GBP
HUF 5% 10 USD 15 000 HUF 20 000 000 HUF
KRW 5% 10 USD 60 000 KRW 100 000 000 KRW
ILS 5% 10 USD 200 ILS 100 000 ILS
NOK 5% 10 USD 500 NOK 500 000 NOK
NZD 5% 10 USD 80 NZD 50 000 NZD
PLN 5% 10 USD 200 PLN 200 000 PLN
RUB 5% 10 USD 3000 RUB 10 000 000 RUB
SEK 5% 10 USD 500 SEK 500 000 SEK
TRY 5% 10 USD 300 TRY 500 000 TRY
ZAR 5% 10 USD 800 ZAR 1 000 000 ZAR
Crypto deposits

There is a minimum deposit on StormGain which varies by the coin you are using to deposit onto the exchange with

Below is the minimum deposits by each cryptocurrency offered on the exchange and
no maximum amount for deposit with crypto
Currency Deposit fee Min.amount of
deposit
USDT 0.00% 1 USDT
BTC 0.00% 0.0002 BTC
BCH 0.00% 0.006 BCH
ETH 0.00% 0.01 ETH
LTC 0.00% 0.03 LTC
XRP 0.00% 7 XRP

How long do Deposits take?

It takes 1-2 hours to deposit by Credit/Debit cards, it depends on which deposit method you use and system speed

To check the time, I sent 50 USDT to StormGain and it took 1 hour 5 minutes to deposit to my account.

StormGain Review

Withdrawals

Traders can withdraw crypto by transferring out from your StormGain wallet to any another compatible wallet.Therefore, there is no crypto to fiat money exchange. The method to withdraw is quite simple. Follow all steps below:

StormGain Review
1. Choose your desired cryptocurrency wallet with the balance you want to withdraw
2. Click on the ‘withdraw’ option that is located on the right-hand side
3. In order to give the destination wallet address, you can do either of the following:
3.1 Straightaway copy and paste the destination wallet address, or
3.2 You can use the QR code to make the withdrawal.
4. It is always better to double-check than to accidentally send your cryptocurrency to the wrong email address where you may or may not ever recover your crypto funds.
5. Once you’ve completed those steps, you should see a dynamic fee showing you exactly how much the withdrawal will cost you


For each cryptocurrency there is a minimum amount to withdraw. If the amount is less, the money will not be credited to your account.

Below is the fee and minimum amount you can withdraw
Currency Withdrawal fee Min.amount of
withdrawal
USDT 0.1% 50.0 USDT
BTC 0.1% 0.0059 BTC
BCH 0.1% 0.15 BCH
ETH 0.1% 0.3 ETH
LTC 0.1% 0.8 LTC
XRP 0.1% 240.0 XRP
This dynamic withdrawal fee makes StormGain perfect for beginners as you don’t have to pay a high withdrawal fee for small withdrawals like some other crypto exchanges which charge a standard fee no matter the amount you withdraw – little or big.

If you want to withdraw USDT: all you need to do is to exchange your cryptocurrency into USDT before withdrawing it. Here are the simple steps:
 
  1. Go to the ‘Exchange’ option. (‘Exchange’ Option found within your USDT Wallet.)
  2. Click on the ‘From Wallet’ option. A drop-down menu will appear, select the crypto wallet from which you would like to withdraw and exchange it into USDT
  3. Once you are sure of all the details, then click on the ‘Exchange’ .
  4. Once the USDT appears within your USDT wallet, you may then withdraw
StormGain Review
How long do withdrawals take?

Withdrawals on StormGain are processed instantly after being submitted.




 

Commissions and Fees

In addition to easy account opening, StormGain has distinct fees for crypto trading. Depending on the crypto you choose to trade, StormGain charges between 0.15% and 0.25% for the position. StormGain’s fees are in-line with other leading crypto exchanges, and leave lots of room for profits.

Instant exchange fees and minimum exchange sizes are as follows:

StormGain Review

Crypto Trading Commissions, minimum and maximum multiples and Swap Buy and Swap Sell daily rates are as follows:

StormGain Review StormGain Review

Compare with another platform, StormGain charges the fees are slightly higher, but i think that this is acceptable because they make the interface easier to use than other crypto leverage exchange for new crypto trader
And If you are an experience traders, you would better off using another exchange like Bybit which has lower fees.



Trading Features

Customizable Layouts:

Traders can customize charts and windows to suit their trading needs.

Stop-Loss Orders:

Whenever a leveraged trade is opened, it is a great idea to have a stop-loss order in place. Using leverage without a stop-loss order is dangerous, and could lead to losses that exceed the amount of money in a leveraged trading account.

For example, using leverage of 5x means that a trader is using five times the amount they have in their account to trade. If the trade goes their way, the profits will be five times higher, but the reverse is also true.

It protects a trader from facing a loss that exceeds the amount of money that he or she has in the leverage trade account.
StormGain Review
Take Profit:

Take-profit orders are like the opposite of a stop-loss order. It works on the profit side of the trade

When a leveraged trade goes in the way a trader hopes, the gains add up quickly. The problem is, markets can be volatile. By the time a trader gets back to the trading platform, the big gains from a leveraged crypto trade may have come and gone.

Some crypto exchanges don’t support limit orders, which means that losses can easily run out of control, and potential gains can go unrealized!
StormGain Review
Open Trade Summary:

At the bottom of interface, traders are given an open trade summary. StormGain also provides a trader sentiment based on active trades. This gives the percentage of buy and sell trades for a particular pairing…
StormGain Review
Indicators:

It is categorized by trend, oscillators, and volatility. The platform has an array of indicators available that support technical analysis.
StormGain Review
To view the indicators, click on Indicators/Full Screen mode which brings up the full charting window where you can add indicators
StormGain Review
Professional Charts:

The charts offer a range of different time frames, This platform has Bar, Candles, Hollow Candles, Line, Area and Heiken Ashi charts for viewing. 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, so there is plenty of options there for you,
You can use to track historical price movements in order to make better trade decisions.
StormGain Review

Want to trade forex but don’t know where to start? Experience all the excitement of the most liquid market in the world when you copy the trades of a suitable Strategy Manager.

Bonuses and Promotions

StormGain is currently have many promotion for traders. But The bonuses on StormGain have been known to end quite quickly as they run out of codes, so claim it quickly to make sure you get it and don’t miss out.

Promo Code: 25 USDT Welcome Bonus
StormGain Review

How do I get 25 USDT bonus?

  1. Register on StormGain (Just use your email and phone number)
  2. Enter promo code BONUS25 in the ‘Promo Code‘ box (Fill in the promo code field when registering and 25 USDT will be credited to your account.)
  3. Make your first deposit and get your bonus (Deposit at least 100 USDT to your trading account to activate the welcome bonus.)
  4. Start trading and take your profit whenever you like (Open your first trade, make a profit and withdraw it. Everything you make is yours to keep.)


Promo Code: 20% Deposit Bonus


Top up your crypto account and receive up to 20% as bonus, as well as trading and exchange commission discounts.

The more you deposit, the more bonuses you’ll get. Top up your account multiple times and receive multiple bonuses!

Steps of this promotion:
  • Standard. The basic status that is assigned to all new users. In this case the account holders pay standard commissions and have no privileges.
  • Gold. Assigned when the amount on the account reaches 499 USDT, as well as the trading volume of 150 and more thousand USDT. The status provides a discount on trading commissions, as well as commissions for exchange in the amount of 5% and 0.085%, respectively. In addition, the client receives a bonus of 5% on deposit.
  • Platinum. You can get it if the balance amount reaches 1499 USDT and the trading volume rises to 750 and more thousand USDT. The discounts increase to 8% and 0.08% respectively. Deposit interest increases up to 8%.
  • Diamond. Available to those who have increased the amount of balance up to 4999 USDT and trading volume up to 2250 thousand USDT. Interest is increased to 15%, 0.075%.Deposit interest increases up to 12%.
  • VIP. In this case, the privileges are defined individually for each trader like below.
StormGain Review


How do I get 20% bonus?

  1. Download the StormGain app or register via the desktop version.
  2. Deposit in StormGain in one of the 6 different currencies.
  3. Exchange your assets for USDT and you will see your bonus in your USDT account.

Refer A friend

This programme was created as a way of thanking those clients who use their platform and recommend it to their friends.
Programme participants receive 15% of the trading commission paid by clients who register using their link.
StormGain Review

How can I participate in the programme?

To take part in the programme and get paid for referring your friends to us, you must:
  1. Have an active StormGain account
  2. Be signed into the trading platform
  3. Go to the Refer a Friend tab in the platform, copy the referral link and share it with the people you would like to invite to the platform
  4. As soon as the first new client registers for StormGain using your link, you will automatically become a participant in the programme.
StormGain Review
StormGain Review

Customer Support

StormGain provides 24/7 customer service through live chat, email, and phone. You can also contact StormGain through Telegram, Facebook, and Twitter

Email [email protected]
Phone +248 467 19 57
Telegram t.me/StormGain


To use the live chat, click on the chat button and start your conversation.
StormGain Review
We did use the live chat and received a response from an operator within 5 minutes which was pretty good.

StormGain also has a Knowledge Base which provides useful guides and troubleshooting for commonly asked questionsStormGain Review
The sections are divided into categories so you can browse and view other topics that might be of interest.


Research Education

If you are looking to learn the basics of trading, there are a variety of trader education tools, tips, market news for beginners to ensure that you have all the necessary trading information.
StormGain Review

StormGain Review

Conclusion

If you would like to trade with a platform which support highest leverage. Stormgain is a great exchange. A leverage of 200x.

This platform provides regular and instant crypto exchange services, and a multi-currency crypto wallet.

Moreover, it has some of the best crypto trading platforms around. The registration process is really simple. There are demo accounts available and a generous collection of educational resources provided.

They also offer crypto trading signals that are generated with the help of AI (Artificial Intelligence), just to keep their trading to get better and better.

StormGain is also offering a free crypto wallet to the public. The StormGain wallet can be used by anyone, even if they don’t want to trade on the platform

You can contact the helpdesk 24/7 via the contact form or Telegram.

However, The commission for deposit using credit card of 5% is too high and the cost of 0.1% to withdraw is also too high.
StormGain is limited to cryptocurrencies with no forex, commodities or stock trading instruments. They do not offer the popular MetaTrader platforms and are also not regulated by any regulatory authority.

Overall, Most users appear satisfied with its ease of use, trading conditions, and excellent customer service. The platfrom has excellent user ratings on independent review sites, including TrustPilot.

Yet, we would be glad to know your personal opinion about StormGain, you may share your experience in the comment area below, or ask us for some additional information if required.

Thank you for rating.
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