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No valid regulatory information, please be aware of the risk!
Note: FX Stream is to operate via the website - https://www.fx-stream.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
|Market Instrument||Forex currency pairs, indices, metals|
|Account Type||Standard and Raw|
|Spread||Standard: from 1.0 pips, Raw: from 0.0 pips|
|Commission||Standard: 0, Raw: $3.5/lot|
|Deposit & Withdrawal Method||N/A|
FX Stream, a trading name of Fxstream Pty Ltd, is allegedly a forex broker registered in Australia that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 0.0 pips via two different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading platforms, minimum deposit, etc.
As for regulation, it has been verified that FX Stream currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.36/10. Please be aware of the risk.
FX Stream advertises that it offers access to a wide range of trading instruments in financial markets, including 42 Forex Currency Pairs, 12 Indices and 2 Metals.
FX Stream claims to offer two types of trading accounts, namely Standard and Raw. However, the broker says nothing about the minimum initial deposit requirement.
The maximum leverage provided by FX Stream is 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.
Spreads & Commissions
All spreads with FX Stream are a floating type and scaled with the accounts offered. Specifically, the spread starts from 1.0 pips on the Standard account, and 0.0 pips on the Raw spread. As for the commission, there is no commission on the Standard account, while $3.5/lot is on the Raw account.
The only way you can get in touch with FX Stream‘s customer support is via email: firstname.lastname@example.org. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
|• Competitive trading conditions||• No regulation|
|• Website inaccessible|
Frequently Asked Questions (FAQs)
|Q 1:||Is FX Stream regulated？|
|A 1:||No. It has been verified that FX Stream currently has no valid regulation.|
|Q 2:||Does FX Stream charge a fee？|
|A 2:||Like every forex broker, FX Stream charges a fee when you trade - either in the form of a commission fee or spread fee, which varies depending on the account type.|
|Q 3:||Is FX Stream a good broker for beginners？|
|A 3:||No. FX Stream is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.|
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