For more information about StreamForex Forex Broker company profile, come to WikiBit!
Rating Index
Business
License
StreamForex Company
StreamForex Company Overview
Founding Date and Background
StreamForex is an online forex broker that was established in 2012. The company was founded by a group of dedicated professionals who aimed to create a more transparent and user-friendly trading environment. Their goal was to address the shortcomings they observed in existing brokerage services, particularly in client interaction and service quality.
Parent Company/Owning Structure
StreamForex operates under the parent company Stream Capital Group Ltd. This ownership structure allows the broker to maintain a streamlined approach to its services while focusing on client satisfaction and market competitiveness.
Headquarters Location
The company is headquartered in Saint Vincent and the Grenadines, a popular jurisdiction for many online brokers due to its favorable regulatory conditions and tax benefits.
Global Business Scope
StreamForex caters to a global audience, providing trading services to clients from various countries. The broker supports multiple languages, including English, Russian, and Bahasa Indonesia, to accommodate its diverse clientele.
Main Regulatory Bodies
StreamForex is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, it is important to note that the broker operates without effective regulation, which raises potential risks for traders. As such, clients are advised to exercise caution when engaging with unregulated brokers.
Company History and Development
Key Milestones
Since its inception in 2012, StreamForex has achieved several key milestones, including the launch of its trading platform and the introduction of various trading account types. The broker has continuously updated its services to meet the evolving needs of traders.
Business Expansion Journey
StreamForex has expanded its service offerings over the years, introducing new financial instruments and promotional campaigns. This growth has been driven by a commitment to providing a competitive trading environment and attracting new clients.
Customer Base Growth
The broker has experienced steady growth in its customer base, attracting both novice and experienced traders. The low minimum deposit requirement of just $5 has made it accessible for many individuals looking to enter the forex market.
Platform Development History
StreamForex offers its clients the widely-used MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and advanced trading tools. The platform has undergone various updates to enhance user experience and functionality.
Important Awards or Recognitions Received
While StreamForex has not received any major industry awards, it has built a reputation for providing reliable trading services and fast withdrawals, which are critical factors for many traders.
Trading Services Offered
Forex Trading Options
StreamForex provides a wide array of forex trading options, offering over 45 currency pairs. This selection includes major, minor, and exotic pairs, allowing traders to diversify their trading strategies.
Stock Trading Options
The broker also offers trading in stocks, although the specifics of the available stocks are less frequently detailed compared to forex pairs. Clients should verify the exact offerings on the StreamForex platform.
CFD Trading Products
In addition to forex and stocks, StreamForex provides Contracts for Difference (CFDs) on various financial instruments, allowing traders to speculate on price movements without owning the underlying assets.
Other Financial Instruments
StreamForex has expanded its offerings to include trading in cryptocurrencies, commodities, and indices. The broker provides access to 15 different cryptocurrencies, catering to the growing demand for digital assets.
Special Services or Unique Advantages
One of the unique advantages of StreamForex is its low minimum deposit requirement, which stands at $5. Additionally, the broker offers a demo account, allowing potential clients to practice trading without risking real money. The availability of copy trading services also enables less experienced traders to follow and replicate the trades of successful investors.
Regulatory and Legal Background
Detailed Regulatory Information
StreamForex is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, it is important to highlight that the broker does not have effective regulation from major financial authorities, which could pose risks for traders.
Legal Entity Structure by Region
StreamForex operates under the legal entity Stream Capital Group Ltd, which is registered in Saint Vincent and the Grenadines. This structure allows the broker to operate internationally, although it limits the regulatory oversight clients might expect from more established jurisdictions.
Client Fund Protection Measures
While StreamForex does maintain some client fund protection measures, such as keeping client funds in segregated accounts, the lack of regulation means that traders do not have the same level of protection as they would with regulated brokers.
Countries/Regions Served
StreamForex serves a global clientele, although it is essential for potential clients to verify whether their country of residence allows trading with an unregulated broker.
Compliance History
The compliance history of StreamForex has been mixed, with some reports of user complaints regarding withdrawal issues and service quality. Prospective clients should conduct thorough research and consider these factors before opening an account.
Competitive Landscape
3-5 Main Competitors
StreamForex faces competition from several established brokers in the forex and CFD trading space. Notable competitors include:
- Octa - Known for its wide range of trading instruments and regulatory compliance.
- Pepperstone - Offers competitive spreads and a strong reputation among traders.
- XM Broker - Provides a diverse range of account types and educational resources.
- Tickmill - Recognized for its low trading costs and excellent customer service.
Positioning in the Industry
StreamForex positions itself as a low-cost broker with a focus on accessibility, evidenced by its low minimum deposit requirement. However, the lack of regulation may hinder its appeal to risk-averse traders.
Market Differentiation Factors
StreamForex differentiates itself through its low entry costs, a variety of trading instruments, and the availability of copy trading services. While it lacks the regulatory backing of some competitors, its user-friendly platform and fast withdrawal processes are attractive to many traders.
In conclusion, while StreamForex offers a range of trading services and competitive features, potential clients should carefully consider the risks associated with trading through an unregulated broker. Conducting thorough research and understanding the market landscape is essential for making informed trading decisions.