Strike ProFx-Overview of Minimum Deposit, Spreads & Leverage

Risk Warning

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

STRIKE PRO Review Summary in 10 Points
Founded	2020
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Forex, gold, commodities, oil, stocks, cryptocurrencies
Demo Account	Available
Leverage	1:100
EUR/ USD Spreads	0.5 pips (Standard account)1 pip (Cent account)
Trading Platforms	MT4 platform
Minimum Deposit	1$ (Cent Account)100$ (Standard Account)
Customer Support	Phone, live chat

What is STRIKE PRO？

SPFX is a Business Company in Saint Vincent and the Grenadines and registration member with the National Futures Association. It is a trading and investment platform that allows traders to buy and sell currencies, indices, commodities, stocks, and cryptocurrencies in the global markets. However, they currently have no valid 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 make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros	Cons
Advanced trading tools and features	Not regulated
Designed for traders from beginners to seasoned professionals	Not be accessible to traders from some regions or countries
Intuitive user interface	Requiring a longer learning curve for some traders
Multiple trading options

STRIKE PRO Alternative Brokers

There are many alternative brokers to STRIKE PRO depending on the specific needs and preferences of the trader. Some popular options include:

• TD Ameritrade - A well-established brokerage platform with a range of trading tools and resources for investors of all levels.

• IG - A comprehensive trading platform with a range of trading tools and educational resources for all levels of traders.

• XM - A flexible trading platform with low spreads and a range of trading instruments.

Is STRIKE PRO Safe or Scam？

STRIKE PRO currently has no valid regulation. Based on the information, it appears that STRIKE PRO may not be a safe and legitimate broker. The lack of valid regulation is red flags that should raise concerns about the reliability and trustworthiness of the company. It is always recommended to thoroughly research a broker before engaging in any financial transactions with them to avoid potential risks or losses.

Market Instruments

STRIKE PRO offers a variety of trading instruments across different asset classes, including Forex, Gold, Commodities, Oil, Stocks and Crypto Currency. Here is a brief overview of the instruments that may be available for trading on the STRIKE PRO platform.

Forex: STRIKE PRO offers a wide range of forex pairs, including major, minor, and exotic currency pairs. Traders can use forex trading to speculate on changes in the exchange rates between various currency pairs.

Gold: Traders can buy and sell gold on the STRIKE PRO platform, with the opportunity to speculate on both short-term and long-term price movements.

Commodities: STRIKE PRO provides traders with access to a range of other commodities, including metals, agricultural products, and energy products like oil. Commodities are traded on the futures markets, and their values can be impacted by a variety of factors, such as supply and demand, geopolitical events, and weather patterns.

Oil: STRIKE PRO offers a range of oil trading options, including crude oil, Brent oil, and natural gas. Traders can speculate on oil prices using leverage, with the opportunity to generate significant returns if they are able to correctly predict price movements.

Stocks: Traders can speculate on the performance of individual companies or entire stock indices, with the opportunity to generate returns based on market performance or stock price movements.

Crypto Currency: Cryptocurrencies like Bitcoin, Ethereum, and Litecoin have become increasingly popular among traders in recent years. STRIKE PRO offers traders access to a range of crypto currencies, providing the opportunity to speculate on their short- and long-term price movements based on their unique fundamentals and market conditions.

Accounts

STRIKE PRO offers Cent Account, Standard Account, Investment Account and Master Account, with minimum deposit requirements of 10$, 100$, 1000$ and 100$ respectively. Below, we will briefly discuss the features and requirements of each account type.

Cent Account: Cent account is a popular option for new traders who want to start trading with a smaller amount of capital. The minimum deposit required to open a Cent account is typically around $10, making it affordable for many individuals. In this account, trades are executed in cents, which allows traders to practice and test their strategies at a lower risk.

Standard Account: The Standard account is the most basic account type offered by STRIKE PRO, and is suitable for traders with some experience in the markets. The minimum deposit required to open a Standard Account is typically around $100.

Investment Account: The Investment account is designed for more experienced traders who wish to take a more active role in managing their investments. The minimum deposit required to open an Investment Account varies by broker, but is typically around $1000.

Master Account: With StrikeProFx CopyTrade, trader can earn additional money from their daily purchases. Traders dont need to install any additional software or do anything special. Activate this function in the Personal Area, do usual trades, allow people to follow their performance.

Leverage

STRIKE PRO offers maximum leverage of up to 1:100, depending on the trading instrument, account type, and regulatory restrictions. Leverage is a tool available to traders, allowing them to potentially increase their profits by trading with borrowed funds. However, its important to remember that leverage can also increase the level of risk undertaken and result in increased losses if trades do not go as planned.

Spreads & Commissions

STRIKE PROoffers the spread from 0.5 pips for the Standard account and from 1 pip for the Cent account. No commission is charged. The spread varies depending on several factors, such as the account type, trading instrument, and market conditions.

For instance, the Standard Account offered by STRIKE PRO has a spread starting from 0.5 pips, which can make trading more cost-effective for traders. On the other hand, the Cent Account has a minimum spread starting from 1 pip, which is higher than the Standard Account.

Its worth mentioning that some brokers may charge additional commissions on top of the spread, which can increase the overall trading costs for traders. However, STRIKE PRO does not charge any commissions for trades, which may be a significant advantage for traders seeking low-cost trading solutions.

All in all, the competitive spreads offered by STRIKE PRO, along with zero commission fees, can make it more affordable for traders to execute trades and potentially increase their profits. However, as with any trading strategy, its important for traders to calculate their overall trading costs, including spread and other trading expenses, to make informed decisions and manage their risk effectively.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
STRIKE PRO	0.5 pips	None
TD Ameritrade	1.2 pips	None
IG	0.6 pips	None
XM	0.1 pips	$3.5 per lot

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

STRIKE PRO offers the MetaTrader4 (MT4) platform for its clients, which is a widely used and popular trading platform in the industry. The platform offers a user-friendly interface and a comprehensive suite of trading tools for traders of all levels of experience.

The platform provides advanced charting and technical analysis capabilities, including a wide range of indicators, chart types, and timeframes.

Traders can execute trades through the platforms one-click trading feature, which is quick and efficient. MT4 also provides access to a range of order types, including market, limit, and stop orders, allowing traders to implement their preferred strategies.

Overall, STRIKE PROs trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker	Trading Platform
STRIKE PRO	MT4
TD Ameritrade	Thinkorswim
IG	MT 4, ProRealTime, L2 Dealer, IG Web Platform, and Mobile Apps
XM	MT 4, MT5

Deposits & Withdrawals

STRIKE PROs funding methods offer a variety of options for traders to deposit funds into their trading account and to withdraw their profits. These funding methods include bank transfers, credit/debit cards, cryptocurrencies, and counter service.

Counter service is a unique funding method that allows traders to deposit funds in cash at designated locations. This option is ideal for traders who do not have access to traditional banking services or who prefer to transact with cash.

Withdrawals are available in three levels, depending on the traders KYC verification status.

KYC Level 1 allows a maximum withdrawal amount of 1,500 USD per day.

KYC Level 2 increases the maximum daily withdrawal amount to 3,000 USD. Traders who achieve VIP status through the KYC verification process can withdraw up to 9,000 USD per day.

Besides, withdrawals for KYC Level 1 and 2 are available for transactions from Monday to Friday, while KYC Level VIP withdrawals are available every day, giving traders the flexibility to manage their funds according to their needs.

Overall, STRIKE PROs funding methods and withdrawal policies offer traders convenient and secure options to deposit and withdraw funds to and from their trading accounts.

STRIKE PRO minimum deposit vs other brokers

	STRIKE PRO	Most other
Minimum Deposit	1$ (Cent Account)	$100

Customer Service

STRIKE PROaccepts customer service via 18005556789. Traders can contact the platforms customer service team via this hotline to get help with any issues or concerns they may have.

Apart from the hotline service, STRIKE PRO also offers customer support through live chat. Live chat is available on the STRIKE PRO website, and traders can use this feature to communicate directly with a member of the customer service team through text messages. This option provides traders with fast and efficient assistance.

Pros and cons of customer service of STRIKE PRO

Pros	Cons
Multiple support channels available	Limited to certain regions or countries for phone support
Experienced customer service team	Vary email response times
Live chat for fast and efficient communication	Only single language supported by live chat
Timely and effective responses to customer inquiries

Note: These pros and cons are subjective and may vary depending on the individual's experience with STRIKE PROs customer service.

Education

STRIKE PRO offers forex learning, knowledge and calendar. Also, you can click the question mark to ask what you want to learn about.

One of the principal educational resources offered by STRIKE PRO is its Forex Learning section. This section includes a range of educational materials designed to help traders learn the basics of Forex trading, including video tutorials, guides, and webinars. These resources cover topics such as market analysis, technical analysis, fundamental analysis, risk management, and trading strategies.

In addition to the Forex Learning section, STRIKE PRO also offers a Knowledge section that provides traders with valuable insights on the global economy, including market news, analysis, and commentary. This section can help traders stay up-to-date with the latest market developments and make more informed trading decisions.

STRIKE PRO also provides traders with a Calendar feature that displays important upcoming events, such as economic data releases, corporate earnings announcements, and central bank policy decisions. These events can have a significant impact on the markets and can provide valuable trading opportunities for informed traders.

Finally, traders can also click on the question mark icon on the platform to ask any questions they may have about Forex trading. This feature enables traders to get personalized assistance and support from the platform's customer service team.

Overall, STRIKE PROs educational resources are designed to help traders of all levels improve their knowledge and skills in Forex trading. By offering a range of educational materials, market news, analysis, and commentary, and a calendar of important events, STRIKE PRO empowers traders to make informed trading decisions and succeed in the Forex markets.

Conclusion

In conclusion, STRIKE PRO is a powerful and innovative trading platform that offers a range of advanced trading tools, features, and educational resources to help traders succeed in the Forex markets.Moreover, STRIKE PROs educational resources.The platform also offers a calendar feature that helps traders keep track of important upcoming events that could impact their trading decisions.

However, they currently have no valid regulation. Therefore, it is recommended to thoroughly research a broker before engaging in any financial transactions with them.

Frequently Asked Questions (FAQs)

Q 1:	Is STRIKE PRO regulated？
A 1:	No. It has been verified that this broker currently has no valid regulation.

Q 2:	At STRIKE PRO, are there any regional restrictions for traders？
A 2:	Yes. Strike ProFx Limited does not provide services to residents of Canada (Provinces of British Columbia, Quebec, and Saskatchewan), Japan, Democratic Peoples Republic of Korea (DPRK), Iran and United States of America (USA).

Q 3:	Does STRIKE PRO offer demo accounts？
A 3:	Yes. It offers demo accounts for the Cent Account.

Q 4:	Does STRIKE PRO offer the industry leading MT4 & MT5？
A 4:	Yes. But it only offers the industry leading MT4.

Q 5:	What is the minimum deposit for STRIKE PRO？
A 5:	The minimum initial deposit to open an account is $1 for the Cent Account and $100 for the Standard Account.

Q 6:	What financial instruments can I trade with STRIKE PRO？
A 6:	You can trade through forex, gold, commodities, oil, stocks and cryptocurrencies.