Score

1.68 /10
Danger

StreamForex

Saint Vincent and the Grenadines

10-15 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index8.27

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

StreamCapital Group Ltd

Company Abbreviation

StreamForex

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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StreamForex · Company summary
Registered in St. Vincent and the Grenadines
Regulated by No effective regulation at this time
Year(s) of establishment 2-5 years
Trading instruments Currency pairs, precious metals, energy, cryptocurrencies
Minimum Initial Deposit $5
Maximum Leverage 1:1000
Minimum spread 2 pips onwards
Trading platform Information not available
Deposit and withdrawal method Bank wire transfer/ADVCASH/VISA/Mastercard/
Customer Service Email/phone number/address
Fraud Complaints Exposure Yes

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.

General information

Market instruments

Currency pairs, precious metals, energy, cryptocurrencies.....we must admit that the instruments that StreamForex offers are not that abundant.

market instruments

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.

spreads and commissions

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.

account types

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.

deposit and withdrawal

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

customer support

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.

users' exposure

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.

User Reviews

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User comment

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Comments

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cak3939
more than one year
saya ada akun deposit. wd sudah 2x . tapi wd ke 3 ditolak. dan akun di blokir. minta syarat tambahan yang gk umum. dan megakui dokumen dari indonesia.
saya ada akun deposit. wd sudah 2x . tapi wd ke 3 ditolak. dan akun di blokir. minta syarat tambahan yang gk umum. dan megakui dokumen dari indonesia.
Translate to English
2023-04-07 15:03
1
0
0
more than one year
Open StreamForex and you will be greeted with huge promotions. I have to say that these are really attractive, but customers should be rational in front of these things. StreamForex does not have any regulatory license, which means it could be a scammer.
Open StreamForex and you will be greeted with huge promotions. I have to say that these are really attractive, but customers should be rational in front of these things. StreamForex does not have any regulatory license, which means it could be a scammer.
Translate to English
2023-02-20 18:38
1
0
1
2