StreamForex

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 & Regulation

Feature	Information
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	unregulated
Market Instrument	Forex, precious metals CFD, energy CFD and crypto
Account Type	Cent, Classic, Professional and Crypto
Demo Account	yes
Maximum Leverage	1:1000
Spread	Vary on the account type
Commission	$0
Trading Platform	MT4
Minimum Deposit	$5
Deposit & Withdrawal Method	MasterCard/Visa, Indonesia Local Bank, WebMoney, ADVcash, Perfect Money, etc.

StreamForex, a trading name of StreamCapital Group Ltd., is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and fixed/floating spreads from 0.1 pips on the MT4 trading platforms via four different live account types.

Here is the home page of this brokers official site:

As for regulation, it has been verified that StreamForex currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.22/10. Please be aware of the risk.

Note: The screenshot date is February 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

StreamForex advertises that it offers access to a wide range of trading instruments in financial markets, including forex, precious metals CFDs, energy CFDs and cryptocurrencies.

Account Types

Apart from demo accounts, StreamForex claims to offer four types of trading accounts, namely Cent, Classic, Professional and Crypto. Opening Cent, Classic or Professional accounts require a minimum initial deposit amount of $5, while the Crypto account requires a higher initial capital requirement of $25.

Leverage

The leverage provided by StreamForex is flexible and adjusted based on the account type. Specifically, 1:33-1:1000 for demo accounts, as well as Classic and Professional accounts, 1:33-1:500 for the Cent account and 1:3-1:100 for the Crypto account.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

All spreads with StreamForex are a floating type and scaled with the accounts offered. For example, the spread is floating from 0.9 pis on the demo accounts, floating from 0.5 pips on the Professional account and floating from 0.1 pips on the Crypto account; while fixed from 2 pips on the Cent and Classic accounts. There is also no commission charged.

Trading Platform

The platform available for trading at StreamForex is one of the most notable and preferred trading platforms the market offers - MetaTrader4, available on all devices. However, we didnt find any download links to MT4.

Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

StreamForex says to accept deposits via Visa, MasterCard, Indonesia Local Bank, WebMoney, Advcash and Perfect Money, while withdrawals with WebMoney, Indonesia Local Bank, Visa, MasterCard and Advcash.

The minimum initial deposit is said to be only $5.

The broker says to charge a 0% deposit commission while the withdrawal commission varies depending on the payment method, just as the below screenshot shows.

As for the processing time of deposits and withdraws, some deposits are instant, while other deposits require 5-10 minutes to process. Withdrawals take up to 15 minutes.

Bonuses

StreamForexs website claims to offer up to a 50% first deposit bonus and the referral bonus is also available. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

Customer Support

StreamForexs customer support can be reached 9:00 - 22:00 MSK Mon - Fri by telephone: +7 499 380-63-99, +38 091 481-90-18, +62 813 6868-6464, email: info@streamforex.net, online chat, request a callback or send messages online to get in touch. You can also follow this broker on social networks such as Telegram, WhatsApp, Viber, Twitter, Facebook and Instagram. Company address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown Saint Vincent and the Grenadine, P.O. Box 1510.

Pros & Cons

Pros	Cons
• Demo accounts available	• No regulation
• Multiple instruments, account types and payment options offered
• Fixed/floating spreads from 0.1 pips & No commission charged
• MT4 supported
• Low minimum deposit ($5)

Frequently Asked Questions (FAQs)

Q 1:	Is StreamForex regulated？
A 1:	No. It has been verified that StreamForex currently has no valid regulation.

Q 2:	Does StreamForex offer demo accounts？
A 2:	Yes.

Q 3:	Does StreamForex offer the industry-standard MT4 & MT5？
A 3:	Yes. StreamForex says to offer MT4, but unluckily, we didnt find any download links to MT4.

Q 4:	What is the minimum deposit for StreamForex？
A 4:	The minimum initial deposit at StreamForex to open an account is just $5, while the recommended is $25.

Q 5:	Does StreamForex charge a fee？
A 5:	Like every forex broker, StreamForex charges a spread fee. It also charges a withdrawal fee, depending on your payment method. While deposits are said to be free.

Q 6:	Is StreamForex a good broker for beginners？
A 6:	No. StreamForex is not a good choice for beginners. Although everything seems to be quite good, it is the truth that the broker lacks legal regulation and all of these pretty good trading conditions may just be their advertisements.