Abstract:StreamForex, a trading name of StreamCapital Group Ltd., is allegedly a forex and CFD broker based in Saint Vincent and the Grenadines that provides its clients with a powerful MetaTrader4 trading platform, a variety of tradable financial products with flexible leverage up to 1:1000 and fixed or floating spreads, as well as a choice of four different real account types and some attractive bonus policies.
General Information
StreamForex, a trading name of StreamCapital Group Ltd., is allegedly a forex and CFD broker based in Saint Vincent and the Grenadines that provides its clients with a powerful MetaTrader4 trading platform, a variety of tradable financial products with flexible leverage up to 1:1000 and fixed or floating spreads, as well as a choice of four different real account types and some attractive bonus policies.
Market Instruments
StreamForex advertises that it mainly offers access to four different asset classes in financial markets, including 45 forex currency pairs, 4 precious metals CFDs, 2 energy CFDs and 15 cryptocurrencies.
Account Types
Apart from demo accounts, there are four real trading accounts offered by StreamForex, namely Cent, Classic, Professional and Cryptocurrency. Opening a Cent, Classic or Professional account requires the minimum initial deposit amount of $5, while the Cryptocurrency account with a minimum initial capital requirement of $25.
Leverage
StreamForex provides its clients with flexible leverage ratios ranging from 1:33 to 1:1000. Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Cent account can experience a leverage as high as 1:500 and the Cryptocurrency account with a leverage of 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads
Spreads are significantly affected by what type of accounts traders are holding. StreamForex says that clients on the Cent or Classic account can experience fixed spreads from 2 pips, the Professional account with fixed spreads from 0.5 pips and the Cryptocurrency account can enjoy fixed spreads from 0.1 pips, while the demo account with floating spreads from 0.9 pips.
Trading Platform Available
When it comes to trading platforms available,StreamForex gives traders the worlds most widely-used MetaTrader4 trading platform, available on Windows and mobile devices including iPhone, iPad and Android. MT4 is known as the industry standard trading platform, helping traders analyze the dynamics of financial instruments, perform trading operations, create and use automatic trading programs like experts, Expert Advisors and more.
Deposit & Withdrawal
StreamForex works with a wide range of deposit and withdrawal payment options, ranging from Visa, MasterCard and Indonesia Local Bank to WebMoney, Perfect Money and Advanced Cash. The broker says it doesnt charge any deposit fees, but it will charge some withdrawal fees. In particular, the commission of USD 3%, RUB 3.5%, UAH 2.5% for withdrawals with Visa and MasterCard, 0.8% commission for WebMoney, 0.5% commission for Advanced Cash, while no charges for Indonesia Local Bank. As for the processing time of deposit and withdrawal requests, Indonesia Local Bank deposits require 5 - 10 minutes, other deposits can be processed instantly, while all withdrawals are said to be processed up to 15 minutes.
Bonus
StreamForex claims to offer traders all kinds of bonuses, which include but are not limited to deposit bonuses, Safe Account bonus and invitation bonus. The broker says that if you sign up and make a deposit to your account, you will get up to 50% of your deposit. While you can get up to 12% per annum and 0% on withdrawal of funds with the service of Safe Account. As for the invitation bonus, that is, you can get up to 500$ for each invited friend. Other more specific information can be seen in the following screenshots.
Customer Support
StreamForexs customer support can be reached through phone: +7 (499) 380-63-99, +38 (091) 481-90-18, +62 (813) 6868-6464, email: info@streamforex.net, online chat or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Telegram, Twitter, Facebook, Instagram, etc. Company address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown Saint Vincent and the Grenadine, P.O. Box 1510.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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