General information and regulations of StreamForex
StreamForex is an online forex broker registered in St. Vincent and the Grenadines, currently under no regulation.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, precious metals, energy, cryptocurrencies.....we must admit that the instruments that StreamForex offers are not that abundant.
Spreads and commissions for trading with StreamForex
Commendably, in the trading product interface, StreamForex provides a detailed table showing the spreads, SWAPs and trading hours of various products on various accounts in detail, which greatly facilitates customers' inquiries and comparisons.
Account Types for StreamForex
Demo Account: StreamForex provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: StreamForex offers a total of 4 account types: cent, classic, professional and crypto. the minimum deposit to open an account is $5, $5, $5 and $25 respectively. The threshold for opening an account in StreamForex is quite low. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
Trading platforms offered by StreamForex
StreamForex does not give information about its trading platform, but from the peers and the website as a whole, it should be a trading platform developed by itself.
Leverage offered by StreamForex
StreamForex offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
In terms of deposit and withdrawal, like many good traders, StreamForex provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc.
Educational resources
There is no education section on the StreamForex website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with StreamForex.
Customer support of StreamForex
Below are the details about the customer service.
Language(s): English, Russian, Indonesian
Service Hours: 9:00 - 22:00 MSK Mon - Fri
Email: info@streamforex.net
Phone Number: +7 (499) 380-63-99
+38 (091) 481-90-18
+62 (813) 6868-6464
Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadine, P.O. Box 1510
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of StreamForex
Advantages:
High leverage
Demo account
Copy trading
Disadvantages:
Complaints
No effective regulation
Few information available
No MT4/MT5
Frequent asked questions about StreamForex
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
How much leverage does this broker offer？
The maximum leverage of StreamForex is 1:1000. Please note that this leverage may only be available for some accounts and instruments. Please consult our articles or the dealer's website for specific information.
2023-04-07 15:03
2023-02-20 18:38
2023-01-31 02:08
