StormGain Review: Is It Worth the Hype?

Summary of StormGain

StormGain is a UK-based cryptocurrency trading and exchange platform founded in July 2019 by Alex Althausen. With a built-in wallet and custom trading signals, along with unique offerings like crypto trading with up to 500x leverage and zero commissions, StormGain has features that could make it an ideal platform for buying, selling, and holding crypto.

It also has a Bitcoin cloud feature that allows users to mine and earn crypto in just 4 hours without needing external hardware.

The crypto platform you use can affect your earnings in a big way. Choosing the right one to trade with should not be taken lightly, especially with a bull market right around the corner.

StormGain is getting a lot of attention in the crypto space as the so-called perfect trading platform for new and experienced traders. But is that really the case?

In this review, I’ll dive deep into the StormGain platform, exploring its strengths, its weaknesses, and everything in between.

By the end of this article, you’ll be able to decide whether StormGain is the right crypto trading platform for you as we head into the bull run.

Pros and Cons of StormGain

Evaluating High Impact Factors

Trade with StormGain If:

• You want to trade with high leverage (up to 500x) and maximize your profits
• You want to earn passive income in addition to your trading profits
• You want to enjoy low trading fees

Don’t Trade with StormGain If:

• You want access to a vast number of cryptocurrencies
• You’re uncomfortable trading in an unregulated environment
• You live in the United States, Japan, or another country where StormGain’s services are unavailable

Verified Office Address

StormGain’s office location on its official LinkedIn page is London, GB.

On other websites like Techcrunch, the address listed is London, England, United Kingdom.

However, no address is listed on the official StormGain website.

Expert Opinion on StormGain Review

Looking into StormGain, I found that it’s earned loads of positive reviews. The platform scores an impressive 4.1 stars on Trustpilot.

As you can see below, 60% of users gave StormGain a 5-star rating, meaning that more than half the users believe it is an excellent crypto exchange platform.

To make sure that StormGain wasn’t only getting great reviews on Trustpilot, I looked at what other people who have interacted with the platform thought about it.

I found a review of StormGain by a crypto nerd called the Savvy Professor on YouTube, who called it a beginner-friendly platform with a dynamic charting interface.

At the end of the video, they offered their final verdict:

“Though I find StormGain useful for novel and veteran investors, I am unhappy with the slow login and registration process. It could equip its platform with extensive materials to achieve maximum usability. Despite this, it provides accurate and active information that enables clients to reap huge benefits. The platform has a good margin, multi-currency support, and competitive trading fees.”

Other reviews I found expressed mixed feelings, particularly for the platform’s crypto mining feature, which one user on Reddit claims it’s just a marketing technique StormGain uses to get people onboard. Here’s what they had to say:

Some other reviews were less positive. In one post, blockchain-certified accountant Angus Alvin flat-out called StormGain illegitimate because of a friend’s experience with it. Here’s his full comment on the matter:

Expert Review of StormGain

The results of my research into StormGain are primarily positive. Not only does it score well on review platforms like Trustpilot, but many influencers and thought leaders have plenty of good things to say about it.

For instance, StormGain comes in at number 75 on Coingecko’s list of top crypto exchange platforms around the globe.

The platform’s leverage trading and low fees are frequently mentioned as positives, whereas its mining feature and lack of regulation seem to be the major concerns.

Not all reviews are glowing, though. In some cases, especially on Reddit, some users flat-out call it a scam and advise others to avoid it.

Based on my experience, StormGain, like many other crypto platforms, has its strengths and weaknesses. On the one hand, it has many services that could be useful to the average trader. This includes handy features like a built-in wallet, multi-currency support, and a lucrative loyalty program to help users earn passive income.

It also boasts competitive rates and an enticing spread and commission, making it a crypto exchange with one of the best user experiences I’ve seen. Its educational content and customer support are also commendable.

On the other hand, StormGain is unregulated, making its services unavailable in many countries. Another thing I found worrying is how expensive it is to fund an account using bank cards. The minimum deposit is $50, with a 5% card transaction fee and an exchange rate commission ranging from 1% to 2.5%.

Signing Up with StormGain

The signup process on StormGain is pretty straightforward, and I experienced no issues whatsoever when creating my account.

To begin, I clicked on the Get Started button on StormGain’s home page. A pop-up window appeared with forms for me to input the necessary information, such as my email address, password, and promo code (this one is optional). After doing so, I checked some boxes at the bottom of the form and clicked the Create an Account button.

After that, I was taken straight to my dashboard.

Surprisingly, I didn’t have to submit any personal identification or go through a KYC process. All I needed to do was enter my phone number and credit card details.

However, I did have to go through a KYC process with ID verification to withdraw funds from StormGain.

StormGain’s signup process hasn’t changed since it was established in 2019. Still, I found it to be a very smooth and straightforward experience.

The StormGain Dashboard

The first thing that caught my attention about StormGain’s dashboard is how easy it is on the eyes how seamless it is to navigate through. The buttons are carefully placed and easy to locate, so you can find anything you need quickly and without stress.

This isn’t something you’re likely to see on most crypto exchanges, and it’s one of the reasons I feel that StormGain is a beginner-friendly platform.

After signing in, I was greeted with a new screen that displayed buttons like Trading, Exchange, Wallet, and Miner at the top of the screen. On the right, there were more buttons for trading activities, such as Favourite, Futures, Options, Indices, and Commodities.

There is also 24/7 access to push notifications, technical analysis, signals, and charting tools.

All in all, StormGain provides a better user experience than most crypto platforms.

Deposits and Withdrawals on StormGain

Depositing money into my StormGain account was easy. However, there are a few things you should keep in mind.

Deposits

StormGain does not support fiat currency. As such, I was only able to fund my account with cryptocurrency.

There are two ways to fund your StormGain account:

• Crypto Transfer: You can transfer crypto from an existing crypto wallet (e.g. metamask, phantom, solflare) to your StormGain account, or buy crypto via the Simplex on-ramp on the platform. I did the former since it’s cheaper and didn’t require paying any fees to StormGain. The only fees I paid with this method were gas fees.
• Crypto Purchase: You can also fund your StormGain account by purchasing crypto with your Visa or MasterCard. This method is convenient, but much more expensive than a direct crypto transfer. The minimum deposit with this method is $50, and you will need to pay a 5% card transaction fee along with an exchange rate commission ranging anywhere between 1% and 2.5%.

To make your deposit, just click on the Deposit option at the top or click on the wallet to deposit the cryptocurrency you want. It should arrive in your account in about 30 minutes.

Withdrawals

Like deposits, I could only withdraw funds from my StormGain account as crypto.

The process was easy:

1. Navigate to the wallet on the platform
2. Select the crypto you want to transfer
3. Select the method used for the withdrawal

StormGain offers two withdrawal methods: through a wallet address or a QR code. I chose the wallet address option, and after a few hours, I received the funds in my other wallet.

You should know that each cryptocurrency on StormGain has a minimum withdrawal amount. If the withdrawal request doesn’t meet amount, the transaction will fail.

Trading Conditions on StormGain

One of the things I found interesting is that StormGain is a 0% spread trading platform. However, it does charge a commission fee of up to 0.25% depending on the currency pair, which is a bit steep. Additionally, the platform doesn’t charge for withdrawals, and there is no inactivity fee either.

I found that StormGain offers a suitable range of crypto instruments to trade with, such as derivatives, options, and futures. I saw around 70+ crypto futures, two crypto options, three crypto indices, and a host of tokenized assets, including gold and silver.

StormGain also offers high-leverage trading of around 1:300, making it ideal for traders who prefer high-risk/high-reward strategies. Assets like gold and Bitcoin can be traded with this much leverage, while others like Ethereum and Silver can be traded with up to 1:200 leverage.

How to Start Trading with StormGain

The StormGain platform is available on the web, desktop, and mobile (iOS and mobile). The experience is similar on all versions.

You can trade on StormGain with two types of accounts: a demo account and a real account. I tested both accounts and here is all you need to know about them.

Demo Account

The StormGain demo account comes with $50,000 in virtual funds that you can use to practice trading with. I would suggest using the demo account first to explore StormGain’s platform and services, and to test new strategies before trying them on your standard account.

Crypto exchanges don’t typically provide a demo account, so including this useful feature makes StormGain even more suitable for newer and less experienced traders.

Real Account

You can trade different cryptocurrency instruments on your real account, from derivatives and futures to indices and tokenized assets.

To get started, you’ll need to fund your account through direct crypto transfer or bank card transactions via the Simplex on-ramp.

Useful Tools for Traders on StormGain

StormGain offers a variety of useful tools to help improve the trading experience.

A major one is its custom trading signals. These are free and are available to anyone with a StormGain account. The company’s specialists develop these signals using analytical techniques circulated every few hours.

I also really enjoyed the charting tools. These tools are essential for tracking trends and price movements, providing a good trading experience on the platform.

Investing Opportunities with StormGain

Unfortunately, copytrading isn’t supported on Stormgain. However, there are other investing opportunities you can explore.

One of these is the loyalty program, which offers benefits and bonuses like exchange commissions, discounted trading, deposit bonuses ranging from 5% to 15%, and faster crypto mining.

The StormGain loyalty program has five levels:

• Standard: Accounts with balances under $499 and zero trading volume
• Gold: Accounts with balances over $499 balance and more than $150,000 trading volume
• Platinum: Accounts with balances over $1,499 and a trading volume of more than $750,000
• Diamond: Accounts with balances over $4,999 and a trading volume of over $2.25 million
• VIP: Accounts with balances over $49,999 and a trading volume of over $7.5 million

StormGain Affiliate Program

StormGain’s affiliate program is fairly lucrative, with:

• Competitive commission rates based on performance
• Convenient payment methods (including Skrill, Paypal, Webmoney, and Bitcoin wallets)
• Accurate data to assist campaign optimization
• High-conversion promo materials
• Personal support from the StormGain support team

The program is ideal for businesses and people in the financial sector looking to earn passive income, such as bloggers, influencers, or website owners.

In my research, I mainly came across positive comments about StormGain’s affiliate program. I think it could be an excellent way for someone with marketing skills to make some extra cash on the side.