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STForex Review – is it scam or safe?

STForex Review  – Is stforex.com scam or good forex broker?

RATING: 2 / 1 REVIEWS ForexBrokerz STForex
STForex is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


 Trading accounts and conditions

  

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Cent $10 0.01 lots 1:1000 2 pips
Classic $10 0.01 lots 1:1000 2 pips
Pro $10 0.01 lots 1:200 From 0.3 pips + $10 per lot

 

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.

 

 

Conclusion

 

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.

 

Pros Cons
MT4 No choice of trading platforms
Regulated in Belarus  
Low deposit, competitive spreads  

 

Latest news about STForex
No news about STForex. Check back later.
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Traders` reviews for STForex

Spread

Pros

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Slippage

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Requotes

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Price feed

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Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

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