STForex Review
STForex Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this STForex Review.
STForex Review
STForex offers trading in around 40 forex pairs, gold, silver and CFDs. The broker has three types of real trading accounts, plus a demo account. There is also some sort of money management system.
The Company. Security of Funds
Company
Country
Regulation
STForex Ltd.
SVG
No
STF Capital Ltd.
Belarus
Belarusian National Bank
STForex is a forex broker, targeting mainly Russian-speaking clients. It is being advertised by the popular Russian TV personality Dmitriy Dribov.
According to some media reports, however, it has become the target of a negative campaign against trading in forex, conducted through reports on a state TV channel in Russia. The company is denying the allegations and, in all fairness, we haven’t come across complaints from unhappy clients.
Behind the STForex is an offshore unit registered in Saint Vincent and the Grenadines, as well as a cpmpany that recently got a license from the Belarusian National Bank.
According to the legal requirements in Belarus, in order to gain the regulator’s approval, a company must have a capital of at least USD 100 000 and to make a contribution of no less than USD 55 000 to the guarantee fund of the National Forex Center.
The other forex brokers operating on the Belarusian market are: Alpari, OpenFX, FXClub, FTM Brokers, Weltrade and TeleTrade Bel.
Trading platform
Like most brokers around the world, STForex offers the trading platform MetaTrader 4 (MT4).
MT4 enjoys eternal popularity among both brokers and traders. It is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading.
Promotions
STForex has many types of promotions and bonus programs, including no deposit bonus, loyalty program and also hands out iPad Minis to clients who deposit a certain sum and trade a certain number of lots.
Methods of payment
STForex accepts payments through the usual means. Clients can fund their account with a debit or credit card, through a bank transfer or the online payment systems WebMoney, Qiwi Wallet, Yandex Dengi and Perfect Money.
Despite being unregulated and not having a license, obviously STForex is working undisturbed in Russia and it is not against the law, as long as the local regulator lest such brokers be.
As a matter of fact, STForex offers more attractive trading conditions than some of the smaller licensed Russian brokers and in some terms are comparable to those of bigger ones like Alpari, but with a smaller initial deposit.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
STForex Review Conclusion
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