Stocknet Institute Review: Are They Legit? My Honest Take

Hey there. Welcome to my Stocknet Institute review.

Today, I’ll be going through the various aspects of this prop firm to help you determine if they are worth your money or not.

Choosing a proprietary trading firm might seem challenging. After all, there are so many options to choose from.

However, Stocknet Institute has garnered a lot of praise recently.

This review will help you determine if you should give them a try or not:

Pros and Cons of Stocknet Institute Prop Firm

Pros

• Max drawdown: 8%/12% (Standard/Dynamic)
• Outperforms 5% standard across funding models
• Scaling quickly with 100% capital boost at 10% profit
• Consistently praised trader support
• High Trustpilot rating: 4.7/5

Cons

• Stocknet offers a course for download on Discord.
• Future trading education needs more diverse content for better learning.

What is Stocknet Institute?

Based in Newcastle, UK, Stocknet Institute was established in 2021 by Nicholas Hall and Aaron Robert Wright. The institute offers financial opportunities to traders all over the world, putting more of an emphasis on establishing enduring relationships with traders than simply recruiting more people. This approach is consistent with the institute’s mission statement and emphasizes its commitment to fostering trader loyalty and trust by emphasizing quality rather than quantity.

To promote success and mutual advancement, Stocknet Institute aims to go beyond conventional transactional finance models. In my opinion, this approach fosters a sense of belonging and collaboration among traders within the institute’s environment while simultaneously increasing trader satisfaction and retention.

Also, the global reach of Stocknet Institute demonstrates its dedication to opening up trading opportunities to potential traders everywhere by offering crucial knowledge and assistance for their success.

While going through their various reviews, I found that the institute is committed to providing equitable opportunities in the trading industry for all people, regardless of their origin or location.

The founding principles of Stocknet Institute emphasize global accessibility and relationship-centric funding, signifying a progressive approach in the proprietary trading industry. Stocknet Institute reimagines industry standards and gives traders the tools they need to achieve their financial objectives via commitment and innovative funding strategies. 

Stocknet Institute Funding Programs and Challenges: Rules and Requirements 

Every prop trading firm has a unique set of challenges and rules. Stocknet Institute is no different.

It takes completion of the Stocknet Institute’s prop firm challenge to become a funded trader. basically, it’s a one-step assessment that measures discipline and trading abilities in actual marketplaces. 

Traders must pay a one-time fee, which varies based on account size, to take part in the challenge. For a $1,250 account, the fee is approximately GBP 80; for a $80,000 account, it is £5,120. If the challenge is finished, though, the cost is reimbursed.

• For basic accounts, the maximum loss limit is 8%, and for dynamic accounts, it is 12%. If this limit is exceeded, there will be a failure and fee loss.
• Within 30 calendar days, the profit target which is 10% for traditional accounts and 15% for dynamic accounts must be reached.
• For both basic and dynamic accounts, the minimum trading days are ten, with the addition of a new position every day.
• Maximum Position Size: based on account size, 5 to 40 contracts are possible.

It is entirely up to the traders to use whatever tool that Stocknet Institute provides, along with a variety of other trading strategies and techniques like expert advisors, hedging, scalping, news trading, weekend trading, and overnight trading. 

In my experience, I have found that many prop firms don’t allow their traders to use expert advisors and similar techniques. This puts them at a huge disadvantage. However, Stocknet Institute stands out and I commend this quality for sure.

Passing the Stocknet Institute Challenge: Strategies for Success

Traders need a combination of skill, discipline, patience, and consistency to pass the Stocknet Institute challenge. The following advice will increase your chances of success:

• Select an account size that is in line with your trading strategy and level of risk tolerance; stay away from using too much or too little leverage.
• To avoid making rash or emotional decisions, meticulously follow trading rules and plan every transaction, including exact entry, exit, and stop-loss techniques.
• Limit the risk of every trade to one or two percent of your account balance as a prudent approach to risk and money management. Make use of the right leverage and position size; stay away from excessive trading and chasing losses.
• Monitor your earnings, losses, drawdowns, win rate, risk-reward ratio, and other data to consistently assess your progress and performance. Profit from your talents and learn from your mistakes.
• Remain adaptive and flexible by adjusting your trading strategies per the state of the market and volatility, and when necessary, take decisive action to stop losses or allow profits to increase.
• By putting the process ahead of results, striving for steady advancement rather than rash profits, and realizing that reaching profit targets could require multiple transactions and time, you can cultivate patience and consistency. 

Stocknet Institute: Achieving a Funded Account

The sponsored account of Stocknet Institute has three main features:

• Profit Split: This function determines the traders’ monthly share of profits. The initial profit split for both dynamic and conventional accounts is 50%. Nevertheless, depending on scaling strategy and performance, this percentage may increase to 75%.

• Scaling Plan: By hitting specific benchmarks, traders can increase the amount in their funded accounts. For standard accounts, the scaling plan begins at 10%, while for dynamic accounts, it is 15%. On the other hand, depending on performance and profit-sharing, it may climb by 100%.

• Trading Rules: This feature, which has a lower maximum loss limit of 4% for regular accounts and 6% for dynamic accounts, is similar to challenge rules. Traders using the same tools and strategies as in the challenge must abide by these regulations.

Every month, traders can choose to take their earnings out, with a $500 minimum withdrawal requirement. When they finish the assignment, they can also get their original payment back. Bank transfers, PayPal, Skrill, Neteller, and Bitcoin are all accepted forms of payment.

In order to avoid incurring inactivity fees, trading with the funded account must be continuous, profitable, and need at least one trade every thirty days. Traders must follow the KYC verification procedure and provide their financial and personal details.

A range of brokers, such as Blueberry Markets, IC Markets, and Global Prime, together with trading platforms including MetaTrader 4 and MetaTrader 5, are offered by Stocknet Institute. Traders can use their mobile application or web platform to gain access. 

Stocknet Institute Broker: Do They Use a Reliable Platform? 

When opening an account, traders have the option of using Metatrader 4 or Metatrader 5 as their trading platform. Because of the different levels of liquidity, Stocknet advises traders focusing on indices to utilize Metatrader 4. When using an expert advisor built-in MQL4, Metatrader 4 is required; in most other cases, Metatrader 5 is the better option.

Spreads and Commissions

There are $6 lot fees for forex, while other instruments have no costs. The spreads on FX pairings are typically small, ranging from 0.0 to 0.5 pip. 

Stocknet Institute Fees: How Much Do They Charge? 

Doing a lot of research is necessary before choosing an internet prop company to work with. Verifying specifics such as the company’s address, the CEO’s profile, and testimonials from previous clients is a good idea.

Furthermore, a typical method of confirming a business’s legitimacy is to look through its payment records. Traders usually share images of their winnings on social media or messaging apps like Discord. 

Stocknet Institute Proof of Payment:

It’s crucial to do extensive research before choosing an internet prop company to work with. Verifying information such as the address of the business, the experience of the CEO, and reviews from previous clients is advised.

Furthermore, a typical method of confirming a business’s legitimacy is to look through its payment records. Traders usually share pictures of their winnings on social media or messaging apps like Discord. 

Stocknet Institute Customer Support: 

The need to provide robust customer support services to promptly address grievances and inquiries from its affiliated traders is acknowledged by Stocknet Institute. Customers can get in touch with the technical support team of the organization via email or by letter at the official address.

Contact Information 

Email I.D.- [email protected]

Address- Stocknet FX Limited, Ground Floor J33, The AvenuesTeam Valley Trading Estate, Tyne and Wear NE110NJ, United Kingdom.

What Makes Stocknet Institute Unique? 

The mission of Stocknet Institute is to enable traders from diverse backgrounds to become successful traders by providing them with excellent resources and opportunities to enter the market. They have demonstrated their commitment to diversity by introducing a cutting-edge fundraising strategy that does away with traditional barriers and time-consuming verifications.

The main initiatives of the Stocknet Institute, Evolution, and Quickstart, show this commitment. Launched in March 2022, the Evolution program provides traders with instant access to limitless cash without the need for customary vetting procedures. This allows traders to focus solely on trading without having to deal with fictitious barriers.

Launched in September 2022, Quickstart is a cutting-edge proprietary trading initiative. It removes limitations that often discourage would-be traders and makes larger sums of funds accessible without the typical roadblocks. This curriculum promotes a greater range of trading tactics and techniques. 

Stocknet Institute Reviews: What Do Their Customers Say?

On Trustpilot, The Stocknet Institute is rated 4.7 stars out of 5. They’re standing close to the platform on the main stage. Customers have posted 640 reviews in total on Trustpilot. 

I’m sharing the summaries of the Stocknet Institute reviews as well to give you a better idea of what exactly their customers are saying:

#1. In the prop firm sector, SI continues to offer the greatest customer service to this day. When I contact support, I’m always happy to find that Henry is the first person to respond. His presence alone reassures me that my problem will be resolved quickly. Well done, SI; please continue.

#2. reached a 320K account. nearly hit my account of 640K. I got an email out of the blue saying that SI is no longer accepting trades from Belgian traders due to FSMA regulations.

Thus, the account was closed. Very depressing.

received various payouts in the past and consistently received excellent support from Lars.

Hopefully, Belgians will be permitted to return in the future.

#3. Overall, Blueberry, the broker, provides solid feeds, and support is very good. The biggest drawback for me as a scalper is their terrible five-second rule. I had no idea that my account had been compromised.

#4. While there are plenty of reviews praising the company. There are a few complaints as well.

Below is one:

Everything is fantastic—yes, everything is fantastic—aside from the five-second restriction.

Out of my 88 deals, just 2 of them violate the 5-second threshold, making me in violation.

I have carefully placed a limit order for every trade. However, occasionally, I have no control over the price, and it simply takes my SL. And although the five-second rules cause me to have my account compromised, the SL is for my safety.

There’s no reason to remove these 5-second regulations. It might be a good idea to add something to the 5 seconds rule one breach for every thirty deals.

If you take action regarding this 5-second rule, I’ll think about joining again.

Conclusion

According to my analysis, Stocknet Institute is certainly a company to look out for. Through the implementation of a new funding model, an emphasis on diversity, and the maintenance of transparent processes, they are revolutionizing a sector that is often seen as elite. They offer Evolution and Quickstart, two products that perfectly capture their goal. I haven’t seen many prop companies that offer such advantages. Certainly, these initiatives let traders from different backgrounds follow their trading passions without further hindrance.

It is important to recognize that trading does not guarantee wealth right away. Because success involves real risks, it demands commitment, perseverance, and continuous learning. The courses offered by the Stocknet Institute offer a great starting point for aspiring traders, who should approach the markets cautiously and realistically, taking into account the possible obstacles.

It is admirable that Stocknet Institute wants to democratize trading and provide opportunities around the world. Through the adoption of inclusivity, sustainability, and transparency, they foster a trading environment that is more accessible and equitable. Even if there may be obstacles in the way of successful trading, driven traders can overcome them and move closer to their objectives by adopting the right attitude and strategy. 

However, before you make any final decision, I suggest browsing other options as well.

FAQs on Stocknet Institute

Here are some frequently asked questions (FAQs) about the Stocknet Institute prop firm, along with their answers:

What is siworld.io?

• Answer: Siworld.io is the Stocknet Institute’s comprehensive virtual trading platform. It offers various experiences, including funding experiences, skill games, and trading simulations, allowing traders to develop their skills and earn real-world rewards.

What features are available on the platform?

• Answer: The platform includes funding experiences, engaging skill games, a unique trading career mode simulation, a marketplace, economic news updates, journaling tools, trading robots, and numerous learning resources. New features are regularly added to enhance the trading experience.

Why should I choose siworld.io?

• Answer: Siworld.io is noted for its innovative approach and variety of experiences. It provides a broad array of plans and experiences tailored to traders of all skill levels, operating in a virtual trading world to minimize risks associated with live trading.

What is the mission of Stocknet Institute?

• Answer: The mission is to provide high-quality trading technology and virtual trading solutions to retail traders. The focus is on revolutionizing the retail trading space by offering risk-conscious trading alternatives and rewarding traders for their progress.

How do I get started with Stocknet Institute?

• Answer: To get started, simply sign up on their platform. Creating an account is free, with no financial commitments required initially. Assistance is available through their Help section if needed.

Can I use automated trading strategies (Expert Advisors)?

• Answer: Yes, Stocknet Institute allows the use of Expert Advisors, catering to automated trading strategies, which provides flexibility and the potential for more sophisticated trading approaches.

Is it possible to hold positions over the weekend?

• Answer: Yes, Stocknet Institute permits traders to hold positions over the weekend, offering more flexibility and the potential for extended gains.

What is the Direct Funding program?

• Answer: The Direct Funding program provides traders with a leverage of 1:50, an indefinite trading period, a minimum loss limit of 8%, and a scaling option that doubles every 10% gained. The profit split ranges from 50-90%, with a refundable fee upon leaving the program.

What are your thoughts on the Stocknet Institute prop firm? Let me know in the comments.