StreamsFX Review: Streamsfx.com Fair Forex Broker Explained

StreamsFX (Streamsfx.com) is a Cypriot CFDs and Forex platform offering users with friendly trading conditions. Streams FX is offering users with ultra-low spreads with hybrid account specifications. Trading instruments available include Commodities, Forex, Indices, and Precious metals. With Forex instruments, users get to choose between 25 available assets. Trade Gold and Silver as the platform offers some of the lowest spreads. Read this genuine and honest STREAMSFX Review for more.

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StreamsFX Review

With a broker who is regulated by official bodies, security of funds is guaranteed. StreamsFX is a Cypriot trading platform which is open for business. Clients are free to sign up and choose some of the trading instruments they offer. Streams FX is following all the necessary steps in ensuring investors are protected. Looking at most online reviews, you can see fair comments regarding this broker. And this is a good example of what a real broker should offer to the world.

A look at their website shows a platform which is well-designed in terms of user flexibility. The website is user-friendly and makes it easy for newbies to understand the website. Streams FX offers negative balance protection and over 36 trading instruments. With this platform, expect to get a maximum leverage of 1:30 with ultra-low spreads from 0.0. Minimum acceptable deposit with this platform has been set at $500. With the platform’s ability to be functional throughout, this is one broker to test.

About StreamsFX

Streams Financial Services Ltd is a Cypriot investment firm backed by a team of trading professionals. With an elite team of brokers by their side, this company has managed to provide an outstanding trading platform. Their mission is to provide traders with a secure and reliable trading environment. They aim to achieve this goal by partnering with leading advanced technological suppliers and global liquidity providers. Experts on this team have the capability of trading in a global scale.

The platform’s vision is to become leaders in the industry thanks to expert professionals and workforce. Their main goal is to ensure users get to trade in a fair and transparent environment. The company is also registered with the company register in Cyprus making it a recognized entity. Signing up with the platform is easy and the whole process takes less than five minutes. All that is required from you is your name, address, and contact details. After filling in the form, you are good to go.

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Is StreamsFX licensed and regulated?

StreamsFX is dully licensed and regulated by the Cypriot regulatory authority. A closer look at the CySEC official register shows the company to be fully licensed to operate Forex entities. Streams Financial Services Ltd is fully regulated and 376/19 is their official license number. With a fully dedicated platform, it is clear funds are safe. The platform has passed all necessary steps and is fully trusted by the regulatory oversight body. Make sure to check out their license details when you get the chance.

Thanks to their compliance with the regulatory bodies, users can get to see their license details. A real platform will post details of their license number for all to see. By doing so, they ensure users have the ability to contact regulatory bodies and confirm the status. With fake online platforms, they will post random numbers and names that are not in the register. Make sure to sign up with platforms which are regulated by official bodies. Check with ASIC, CONSOB, FCA, FSC, NFA, and SEC for confirmation.

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Advantages of StreamsFX

Account Types

StreamsFX is furnishing users with three account types to choose from. These accounts are listed as Classic, Pro, and ECN. The accounts come with attractive features such as spreads from 1.6 pips, max leverage of 1:30. Minimum transaction lot size starts at 0.01 and commissions depend on the account type. These accounts are easily manageable and are attractive to any type of investor.

Demo Account

Another attractive feature with StreamsFX is having a working demo account. A demo account gives users a chance to test how the platform works. With their demo account, users get to know the speed at which the platform executes trades. They also know the advance tools used in the platform. Ensure you try out a demo account before committing yourself to opening a real account. Newbie traders should make sure they try out a demo account at all times before signing up.

Trading Platform

StreamsFX is using the ever stable MT4 trading platform as their preferred tool of trade. With the trading platform, users are guarantee of a safe trading experience. Make sure to sign up with platforms that use trusted trading tools such as MT4 and MT5. Thanks to their platform, users get a secure and stable platform. Their platform is compatible with various operating systems such as Windows, Mac, Android, and iPhone. Traders who prefer to trade on the go now have a reason to smile with StreamsFX.

Disadvantages of StreamsFX

High Minimum Deposit

Users are supposed to deposit $500 to start trading with the accounts listed. To be clear, the industry has set $250 as the acceptable minimum trading deposit. A high minimum deposit ensures certain investors are not included. The other problem we noticed with their platform is the demo account doesn’t work at all times. There are sessions where the demo account comes to a complete stop. The concerned parties should take a look at the demo account and solve the issue quickly.

Are funds safe with StreamsFX?

Funds are safe with this platform since the platform offers a negative balance protection. In the event bankruptcy occurs, users can rest assured knowing that they will be compensated. A regulated platform has deposited a certain amount to the authorities as insurance for deposits made. No third parties will be handed your personal information as the regulatory is always watching.

Scam or legit

Evidence is pointing to the fact that StreamsFX is licensed and regulated. This means they are a legit platform that has been regulated by CySEC.

Verdict

We recommend signing up with their demo account first before committing to their real account.

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Wishing all investors a happy and prosperous trading experience.