StockX

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StockX

StockX is an online clothing marketplace, primarily focused on sneakers where you can buy and sell clothes, sneakers, NFTs, and electronic goods like smartphones and game consoles. Dan Gilbert, Chris Kaufman, Greg Schwartz, and Josh Luber founded it in 2015. The company is based in Detroit, has over 800 employees, and has offices in London and Eindhoven. StockX also has authentication facilities where employees test the authenticity of goods. 

StockX Platform

On the StockX platform, sellers can place goods up for auction and users can bid on them. When an item is sold, the seller sends the item to StockX facilities to be inspected. When an item is authentic it ships to the buyer. Whenever an item is counterfeit, it is returned to the seller and the buyer receives a refund. Products on Stockx have variable prices and users can see historic price data. New users have to pay a 9,5% transaction fee to Stockx and resellers pay a 3% processing fee. 

Famous actors and musicians like Eminem, Mark Wahlberg, and Steve Aoki have invested in Stockx. The company has raised over $160 million in total and has a valuation of more than $1 billion.


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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