StormGain Review: READ THIS Before You Sign Up In 2020

StormGain is a new cryptocurrency margin trading platform that brings a fresh, exciting and new trading experience. The exchange has taken the best of investment and cryptocurrency markets to offer an innovative platform to trade crypto futures contracts.  Traders can capitalize on the volatile crypto markets with the most popular crypto pairs and using high leverage up to 200x. You can even purchase crypto with a credit card!

In this StormGain review, we will assess its features, user-interface, trading tools and order types, fees and customer service. While we aim to provide you with accurate and the latest information in our exchange reviews, we strongly suggest that you visit their site to keep updated with any changes that may occur afterward.

Stormgain website

What Is StormGain?

StormGain is a cryptocurrency trading and investing platform that is equipped with cutting-edge features and trading tools. All contracts are settled in the stablecoin Tether (USDT) which will appeal to traders to limit their portfolio exposure and limit the exchange rate risk which is typical of high volatility cryptocurrencies such as Bitcoin and Ethereum.

Create a free account with StormGain now and get 15% bonus on first deposit.

StormGain Compared

Advanced features, intuitive user interface and a mobile trading app are important features on StormGain. This comparison table lists other top rated crypto exchanges that offer world-class features.

Exchange

Fees

Rating

Website

bybit

Maker - 0.025%

Taker - 0.075%

5 / 5

FTX Exchange Logo

Maker - 0.025%

Taker - 0.075%

4.8 / 5

binance

0.1%

4.8 / 5

StormGain

Up to 0.25%

4.1 / 5

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StormGain Features

StormGain comes with exciting features that start with the trading interface which includes advanced crypto trading tools to gain an edge in the market. With its modern interface, secure wallet, two-factor authentication and excellent user-experience, StormGain is a serious crypto trading platform.

Stormgain features

The platform also caters to investors that prefer to buy and hold by offering the ability to purchase crypto with fiat using VISA and Mastercard credit cards which can be stored within the StormGain wallet. Other notable features of StormGain include:

  • Rapid sign up and registration
  • No KYC process to start trading crypto
  • Advanced trading platform and sleek user-interface
  • High leverage trading up to 200x
  • Stablecoin settlement in USDT
  • Cloudminer Tool to mine crypto from mobile app
  • Loyalty programs
  • Trading signals
  • Purchase crypto using a credit card
  • Two-Factor Authentication
  • Practise crypto trading on a demo account
  • Mobile trading app for iOS and Android

StormGain Registration & Login

To create an account with StormGain, the process is very straight forward and only takes a few minutes. Simply follow these steps:

  1. Visit Stormgain.com
  2. Click on the 'Register' button at the top right-hand corner
  3. Enter in your email address, phone number and set a strong password
  4. Agree with the terms of service and click on 'Create An Account'
  5. Login to StormGain using your credentials
how to register with StormGain

Verifying Your Account

To purchase cryptocurrencies with a credit card on StormGain, you will need to verify the account by confirming the registered:

  • Email address 
  • Mobile phone  

You need to manually click the links to send a verification email and SMS to your registered address and mobile number. The verification email did take a while so make sure you wait for it and check your spam email just in case.

If you are using StormGain to trade crypto with margin or purchase altcoins using Bitcoin, you are not required to provide additional account verification.

User Interface

When you login for the first time, you will notice the user interface is custom and unique to StormGain. The trading experience is surprisingly excellent and features all of the trading functions that you would expect to see on the main page such as crypto assets, live price charts, wallet balances and open positions.

The coin selection bar along the top is quite useful, particularly the top gainers and losers. Extreme moves in the markets can present trading opportunities so this feature will appeal to certain users. Otherwise, you can add your favorite coins or use the popular list.

stormgain user interface

Serious crypto traders might be looking at the interface and wondering is that it? Absolutely not.

Click on 'Full Screen' mode which brings up the full charting window where you can add indicators, draw trend lines and patterns by right-clicking the chart. After using the charts for a while, it is smooth, intuitive and responsive. Any technical drawing tools on the chart will remain as you leave full screen mode and switch to other cryptocurrency pairs which are useful.

stormgain trading

To make a trade, simply click on the green 'Open Trade' button which will bring up an order window. You will see from the screenshot below the chart is displayed adjacent to the order box with technical analysis shown. This feature allows you to review your charting analysis as you are entering in the order details.

You can even change the time frames in the order window to ensure your analysis meets a certain criteria on the higher (or lower) time frames.  

stormgain open trade

Here, you can select the following order details:

  • Order type (market or limit)
  • Size of the position
  • Margin amount (up to 200x)
  • Take profit and stop loss levels

The commission rate is also displayed for your information which is useful.

Swap Crypto Instantly

A neat feature within StormGain exchange is the ability to quickly swap a crypto to another. Instead of logging into another instant swap platform such as Changelly and ChangeNOW and then sending the crypto to your StormGain wallet, you perform crypto swaps within StormGain by clicking on 'Exchange' at the top navigation menu. The exchange rate commission rate is displayed at the bottom which we will assess under the fees section.

Stormgain exchange crypto

Purchase Crypto Using A Credit Card

StormGain features the option to purchase crypto using a credit card (VISA or Mastercard) through a partnership with Simplex. A flat 5% fee  applies to all credit card purchases or $10 USD (whichever is higher).

To buy crypto with a credit card using StormGain, follow these steps:

  1. Login to your 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 deposit

StormGain Wallet

The platform includes its own multi-currency wallet to allow users to store their crypto assets while margin trading, or swapping assets on the exchange or storing purchased crypto. The built-in wallet can secure up to 6 of the popular crypto assets such as:

  • Bitcoin
  • Ethereum
  • Litecoin
  • XRP
  • Bitcoin Cash
  • Tether USDT
stormgain wallet

The wallet is protected by industry-leading security measures such as encryption and 2 Factor Authentication to keep your funds safe. The StormGain wallet app is available to use on both iOS and Andriod devices. 

To download the free StormGain wallet from visit their website and complete a short registration process.

StormGain Fees, Margin & Limits

Most traders will know that trading fees are an important consideration when using a cryptocurrency trading exchange. Particularly for active day traders that can execute several trades a day with high leverage. StormGain fees are as follows or you can visit their website to view in full. 

Trading Fees

To buy and sell crypto using the StormGain margin trading platform, the following fees will apply. In comparison to other exchanges, the fees are reasonable and competitive in the market.

Asset

Max Leverage

Commission

Swap Buy (Daily)

Swap Sell (Daily)

BTC / USDT

200

-0.06%

-0.021%

0.002%

ETH / BTC

50

-1%

-0.021%

0.002%

LTC / USDT

100

-0.066%

-0.021%

0.002%

BCH / USDT

100

-1%

-0.021%

0.002%

ETH / USDT

100

-0.9%

-0.021%

0.002%

XRP / USDT

100

-0.2%

-0.021%

0.002%

Exchange Fees

To instantly swap a crypto to another crypto with StormGain, the following exchange fees and limits will apply.

Asset

Min. Size

Commission

BTC / USDT

0.00001 BTC

0.095%

BTC / ETH

0.000000001 ETH

0.25%

BTC / LTC

0.00001 LTC

0.25%

LTC / USDT

0.001 LTC

0.095%

ETH / USDT

0.0001 ETH

0.095%

XRP / USDT

0.1 XRP

0.095%

Deposit & Withdrawal

There are no deposit fees to transfer crypto into StormGain. A flat 0.1% withdraw fee applies when sending crypto to another platform or a hardware wallet. Depending on the crypto asset, minimum and maximum limits apply and suggest you check the website.

Customer Support

An important factor when deciding to use a particular cryptocurrency exchange is customer service. We did notice that StormGain has a 24/7 live chatbot to ask questions. 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 questions. The sections are divided into categories so you can browse and view other topics that might be of interest. As StormGain is a relatively new crypto trading exchange, the help section is not as thorough as other exchanges, but we expect this to fill out in the future as the user base grows. 

Reviews & Feedback

StormGain has received 4.5 stars out of 5 on the respected review website Trustpilot. The comments and feedback ratings are mixed with quite a few negative comments. As with all exchanges, new traders should apply their own due diligence, risk management practices and continue to keep updated with exchange reviews such as this.

StormGain Alternatives

BYBIT

Bybit

ByBit is a derivatives cryptocurrency trading platform with an emphasis on leverage trading with up to 100x leverage on Bitcoin and Etherium trading pairs. Bybit has become one of the best crypto exchanges in the world. 

plus500

Plus500

Plus500 is a CFD providers that offers its massive customer base to trade the world's most popular crypto assets with up to 30x leverage such as Bitcoin, Ethereum, Litecoin, Neo, Ripple XRP, EOS, Cardano, Tron and Monero.

Disclaimer: your capital is at risk

binance

Binance

Binance is the largest cryptocurrency exchange by trade volume and one of the fastest trading services providers for blockchain ecosystem. The exchange has seen an astronomical growth and is a premium crypto trading platform. 

Frequently Asked Questions

Is StormGain Legit?

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.  

Is StormGain A Safe Exchange?

StormGain 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.

We did notice there is limited information on the exact security measures StormGain have implemented to protect the website and user wallets. We would like to see this added for clarity and to provide transparency to its users.

Does StormGain Have A Demo Account

Yes, StormGain has a demo account feature that allows traders to practice crypto trading without making a deposit. New users can test out the StormGrain user-interface to become familiar before depositing funds.

Is There A Referral Program?

Yes, StormGain has a referral program that rewards existing users that bring in new customers with their unique referral link. The referral bonus is 15% of the referred users tradings fees. There is no limit to the number of referrals or expiry.

Does StormGain Have A Mobile Trading App?

Yes, the StormGain cryptocurrency trading app is available for download in the Android and iOS stores. The app allows users to connect their trading account through an API to execute trades, place orders and check active positions from a mobile device.

Conclusion

To conclude our StormGain review, the platform is packed with excellent features for traders that want to trade with margin. The cutting-edge user-interface and trading charts is one of the best we have seen and just feels right. 

The fees for trading or swapping crypto directly on the exchange are very reasonable compared to other popular crypto margin platforms. However, there is concern with feedback on other forums that needs to be addressed.

So, what's our final verdict?

It's too early to call on whether it makes our list for best crypto margin trading exchanges list. We will wait a few months and keep monitoring the exchange for further updates and news.

Although, if you're looking for a new crypto trading exchange, you should create an account with StormGain to test out its world-class features (or even use the demo account).

Risk management tools and platform features are very important for any prospective cryptocurrency investor. The following cryptocurrency trading exchanges - in addition to the above exchange - provide advanced trading features, technical indicators and a smooth, mobile-responsive charting interface that will be suited to beginners and professional crypto traders. 

  1. bitFlyer
  2. PrimeXBT
  3. FTX
  4. Plus500
  5. Binance
  6. BaseFEX
  7. PrimeBit
  8. DueDEX
  9. BitForex
  10. BLADE
  11. BitMEX

StormGain

4.1

Ease of use

4.5/5

User interface

4.5/5

Fees

3.5/5

Security

3.5/5

Customer support

4.5/5

Pros

  • No KYC to trade crypto
  • High leverage up to 200x
  • Advanced charting interface
  • USDT stablecoin settlement
  • Demo mode account

Cons

  • Limited number of crypto pairs
  • Some negative reviews
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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.

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