Straits

Aspect	Information
Company Name	Straits
Registered Country/Area	HongKong
Founded Year	2018
Regulation	Unregulated
Minimum Deposit	$100
Spreads	as low as 0
Trading Platforms	Straits direct,CQG desktop
Tradable Assets	Mainly commodities (agriculture,soft,metal.etc)
Account Types	Individual,commercial hedgers,institutions,family offices
Demo Account	Available
Customer Support	Phone, email
Deposit & Withdrawal	Banks, other licensed Carrying Brokers, or the CME,cash
Educational resource	Analysis,market calendar

Overview of Straits

Straits, founded in 2018 and headquartered in Hong Kong, is an unregulated trading company that specializes in providing platforms for trading mainly in commodities, such as agriculture, soft commodities, and metals. The company extends its trading platform services through “Straits direct” and “CQG desktop” and mandates a minimum deposit of $100, with the allure of spreads that can go as low as 0.

Although it provides a range of account types to cater to individual traders, commercial hedgers, institutions, and family offices, it operates without official regulatory oversight. Despite this, it offers a spectrum of client support through avenues like phone and email, and also provides educational resources including market analyses and a trading calendar.

Clients are offered various deposit and withdrawal options, including via banks, other licensed Carrying Brokers, the CME, or cash transactions. Furthermore, a demo account is available for those who wish to explore the platform without financial commitment.

Is Straits Legit or a Scam？

Straits is unregulated, indicating that it does not function under the scrutiny or authority of any recognized financial regulatory entity. This absence of regulatory oversight means that, while it facilitates the trading of a variety of commodities in different asset classes, it is not bound by any specific legal or ethical standards commonly associated with trading platforms within certain jurisdictions.

Prospective traders should therefore approach engagement with Straits with an elevated degree of caution.

Pros and Cons

Pros:

1. Diverse Tradable Assets:Straits specializes in a wide array of commodities including agriculture, soft commodities, and metals, offering traders a variety of options.

2. Accessible Trading Platforms:With platforms like Straits Direct and CQG Desktop, the company provides user-friendly interfaces for various types of traders.

3. Low Spreads:The possibility of spreads as low as 0 is quite appealing as it potentially allows for more profitable trading by reducing the cost of trades.

4. Demo Account Availability:The availability of a demo account allows potential traders to explore the platform and understand its functionalities without financial risk.

5. Educational Resources:Straits provides traders with valuable educational resources, such as market analyses and a trading calendar, which can aid in informed decision-making.

Cons:

1. Lack of Regulation:The absence of regulation increases the risk factor as there is no oversight from financial authorities, which may expose traders to potential fraudulent activities or unethical practices.

2. Risk of Loss:Given the unregulated status, there may be higher risks associated with trading, and there might be no compensation schemes available in the event of the platform's insolvency.

3. Limited Customer Support:While customer support is available via phone and email, its unclear if this is available 24/7, which might be restrictive for traders in different time zones or those trading on global markets.

4. Restricted Deposit and Withdrawal Options:Limited options for funding and retrieving capital, such as through banks, other brokers, or CME, might pose an inconvenience for some traders.

5. Potential for Hidden Costs:Without regulatory oversight, there‘s the potential for unexpected costs or fees that aren’t transparently disclosed, which could impact a traders profitability.

Pros	Cons
Diverse Tradable Assets	Lack of Regulation
Accessible Trading Platforms	Risk of Loss
Low Spreads	Limited Customer Support
Demo Account Availability	Restricted Deposit and Withdrawal Options
Educational Resources	Potential for Hidden Costs

Market Instruments

Straits extends a selection of market instruments, affording traders an intricate trading milieu with a focus on diverse asset categories. Heres an insightful gaze into the available market instruments:

Commodities:

• Variety of Commodities: Straits predominantly provides a platform for commodities trading, enabling participants to delve into various sectors like agriculture, soft commodities, and metals. Traders can engage in speculation or hedge against market fluctuations across these diverse commodity classes.

• Agricultural Commodities: This may include products like grains, coffee, and other crop-based assets, thereby allowing traders to leverage opportunities within the agricultural markets.

• Soft Commodities: Including goods like sugar, cocoa, and others, offering opportunities to capitalize on market movements within this segment.

• Metals: Encompassing assets like gold, silver, and possibly other precious and industrial metals, providing a platform for traders to navigate through the metals market, which can often act as a hedge against inflation or market volatility.

Although Straits opens up a variety of trading opportunities within commodities and potentially safeguards for institutional entities, it is vital to underscore that trading invariably comes with inherent risks.

Account Types

Straits accommodates a diverse clientele by providing four tailored types of accounts to meet the varying needs and objectives of different traders and investors, ensuring a structured and supportive trading environment.

1. Individual Account:

Categorized into:

1. Full Service: Ideal for newcomers, this account involves a close partnership with a Straits broker to develop a comprehensive trading plan, providing guidance throughout the learning process and transition to independence in trading as competence grows.

2. Broker-Assist: Suitable for both novice and seasoned traders preferring a more hands-on approach, providing access to a broker for recommendations and advice.

3. Self-Directed Online: Targeting experienced traders who prefer making autonomous trading decisions, offering various self-executed platforms, 24-hour trade desk service, and access to essential trading tools and resources.

2. Commercial Hedgers Account:

Straits assists diverse commercial hedging clients, including those in agriculture (like commercial farmers and ethanol producers), energies (such as oil refiners and fuel distributors), and metals (including metal dealers and suppliers), in managing commodity price risk through tailored hedging strategies and potentially advising on OTC product strategies for safeguarding against adverse risk exposures.

1. Institutions Account:

This division services various institutional entities, including fixed income customers, commodity trading advisors (CTAs), hedge fund clients, and financial institutions. Straits offers:

1. Institutional Asset Management: Professional money managers provide holistic asset management services.

2. Institutional Trading Tools: Clients access a variety of trading software, quote systems, and real-time monitoring.

3. Institutional Trading Services: A dedicated trading team assists in the efficient execution of trades and provides specialized trading support.



2. Family Offices Account:

Straits plays a pivotal role in assisting family offices catering to ultra-high-net-worth investors, providing services that necessitate a collective approach from a professional team.

The support spans across various domains, such as cash management, risk management, financial planning, lifestyle management, generational education, business interests, estate planning, philanthropic activities, and tax planning services, aligning with the intricate and multifaceted needs of affluent family governance.

How to Open an Account？

Heres a generalized 5-step guide on how one might open an account with Straits:

1. Visit the Official Website: Navigate to the official website of Straits and locate the option to create a new account or sign up. This could be a button or a link, typically located at the top right of the homepage.

2. Choose Account Type:Select the appropriate type of account that aligns with your trading or investment objectives and preferences. Straits offers various account options like Individual, Commercial Hedgers, Institutions, and Family Offices. Ensure you select the one that suits your needs and eligibility.

3. Complete the Application Form:Fill out the account application form with accurate details. This usually includes personal information (such as name, address, and date of birth), financial information, and potentially your trading experience and risk tolerance. Ensure all details are accurate to avoid any issues with account verification and future transactions.

4. Submit Identification Documents:You may be required to provide identification documents to comply with regulatory requirements and for verification purposes. This could include a government-issued ID, proof of address, and potentially additional documents depending on your account type and regional regulations.

5. Fund Your Account:Once your account is verified and approved, proceed to fund it using one of Straits accepted funding methods - banks, other licensed Carrying Brokers, or the CME, as per the previously provided information. Ensure you check the minimum deposit requirement and ensure your initial deposit meets this threshold.

Spreads & Commissions

The spreads in straits can be as low as 0. At Straits, traders might benefit from competitive spreads, starting as low as 0, which could provide an advantageous trading environment, especially for those engaged in high-frequency or low-margin trading strategies.

The exact nature of the spreads might vary between different tradable assets and market conditions. As for commissions, it is essential for potential traders to explore the detailed fee structure directly from Straits, since platforms often have a multi-tiered commission system that can depend on the account type, traded volume, or utilized trading platforms.

Insight into such details is crucial for traders to effectively calculate costs and consequently strategize their trades, managing and mitigating potential risks and securing projected profits.

Trading Platform

Straits provides its traders with an extensive array of trading platforms, each possessing distinctive features and benefits to cater to various trading needs and preferences.

1. Straits Direct: Offering intelligent order entry and management, this platform boasts a plethora of quoting and charting tools, industry news, and data analytics. Its versatile across devices (mobile and desktop) and supports multiple order types with integrated paper trading, consistent order entry, and the convenience to save screen configurations for flexibility between work locations.

2. CQG Desktop: Recognized as the next generation of trading and data visualization, it doesn't require a download due to its web-based nature and utilizes HTML 5 framework for seamless integration with other applications. It offers a variety of analytical tools, hybrid order tickets, and an RSS news feed, ensuring traders are well-equipped with essential market insights.

3. Other trading platform:The selection includes CQG Integrated Client, CQG Mobile, CQG QTrader, CME Direct, CTS T4, TT New Generation, RITHMIC, and iBroker, each offering a unique blend of functionalities and technological capabilities. From robust charting, automated solutions, mobile compatibility, to real-time quotes and order management, these platforms cater to both novice and seasoned traders, ensuring a supportive trading environment across various market conditions and strategies.

Deposit & Withdrawal

Straits extends a range of deposit and withdrawal options for client convenience and efficiency in managing their trading finances. Clients have the ability to utilize banks, other licensed Carrying Brokers, or the CME to conduct their financial transactions, providing a degree of flexibility in how funds are managed and moved within the platform. Also, customers can deposit cash in straits.

Straits adheres to a $100 minimum deposit policy, creating an accessible entry for a spectrum of traders, from newcomers to the well-versed. For in-depth understanding of their financial policies, its advisable for traders to consult the Straits website or reach out to their customer support, ensuring clarity on transaction methods, potential fees, and processing timeframes.

Additionally, while the detailed security protocols for deposits and withdrawals at Straits are not specified, ensuring a secure and transparent transactional experience requires meticulousness given the varied platforms available for these financial activities.

Customer Support

Straits endeavors to maintain a robust and accessible customer support system to assist its global clientele effectively. Clients and interested traders can reach out to their support team via numerous contact numbers based on their geographical location: +65 6672 9669 (Singapore), +1 312 462 4499 (USA), and +62 21 5010 3599 (Indonesia), all offering assistance in English.

Additionally, queries, concerns, or any correspondence can be communicated through email atinfo@straitsfinancial.com. The company, known officially as Straits Financial Group and abbreviated simply as Straits, is registered in Hong Kong.

For further insights about the company, its policies, or any related updates, individuals may visit their official websitehttps://www.straitsfinancial.com/or engage with them on various social media platforms:Twitter,YouTube, andLinkedIn.

This multi-channel support system exemplifies Straits commitment to ensuring a seamless and interactive client experience, promoting ease of communication and access to requisite information.

Educational Resource

Straits Financial, in collaboration with CME Group's CME Institute, offers a comprehensive educational resource for traders at various stages of their journey. The platform provides a wide array of courses designed for both newcomers to the derivatives market and experienced traders aiming to hone specific skills.

The educational offerings encompass a range of topics, including Portfolio Management with Equity Index Futures and Options, Introduction to Equity Index Products, Hedging with Grain and Oilseed Futures and Options, Hedging with Livestock Futures and Options, Introduction to Bitcoin, Managed Futures, Option Greeks, Introduction to Energy, Introduction to Precious Metals, and Trade and Risk Management.

These resources aim to enhance traders' knowledge and understanding of the markets.

Conclusion

Straits Financial is a dynamic trading platform that provides a plethora of services and resources to its users. Collaborating with reputed institutions like CME Group, Straits emphasizes education, offering comprehensive courses tailored for both novice and seasoned traders.

With an extensive range of trading solutions, an efficient customer support system, and a commitment to transparency and user empowerment, Straits stands out as a reliable choice for those venturing into the financial markets.

Whether one is delving into equity products, futures, or seeking knowledge on commodities like energy or precious metals, Straits offers tools and insights to navigate the complex trading landscape.

FAQs

Q: Which educational resources does Straits offer？

A: Straits collaborates with the CME Group to offer a comprehensive educational section, with courses on equity index products, grain and oilseed futures, livestock futures, and more.

Q: How can I contact Straits Financial's customer support？

A: You can reach out to Straits Financial through their contact numbers available for different regions or email them atinfo@straitsfinancial.com.

Q: What are the different trading platforms available under Straits？

A: Straits offers various platforms, including CQG Desktop, CQG Mobile, CME Direct, CTS T4, TT New Generation, RITHMIC, and iBroker.

Q: Are there any mobile trading solutions available with Straits？

A: Yes, Straits provides mobile trading solutions through platforms like CQG Mobile and iBroker, ensuring users can trade on the go.

Q: Where can I learn more about Straits' latest updates and news？

A: For the latest updates and news, you can follow Straits Financial on their official Twitter, YouTube, and LinkedIn profiles.