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StrattonMarkets Review - is it scam or safe?

StrattonMarkets Review - is strattonmarkets.com scam or good forex broker?

RATING: 2.9 / 0 REVIEWS StrattonMarkets
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Trading Accounts & Conditions

 

Account type Minimum deposit Min. trade size Leverage Spread
Basic $100 0.01 1:50 Fixed at 1.5 pips

 

One of the brands of CySEC-regulated company F1Markets Limited, StrattonMarkets is a forex and CFD broker that offers several account types: Basic, Silver, Gold, and Platinum. Nonetheless, the broker has not disclosed the different trading conditions of these accounts, and overall its website is not very informative. That is why we have filled out the table above with the trading conditions we saw on their platform.

 

Note that StrattonMarkets is different form StrattonFX which is not regulated.

 


StrattonMarkets Advantages


  
CySEC license
As we mentioned in the beginning, the company operating StrattonMarkets is overseen by the Cyprus Securities and Exchange Commission (CySEC). This brings a lot of credibility to the broker, as CySEC-licensed companies must adhere to a set of rules on client account segregation, capital adequacy, transaction reporting and more.

 

The firm owning StrattonMarkets also operates WiseTrader and 24CM forex brokerage brands.



Competitive spreads

Another strong side of StrattonMarkets is the low cost of trading. The broker does not apply commission fees and uses tight fixed spreads. The spread on the most liquid currency pair, EUR/USD, is fixed at 1.5 pips, while most fixed-spread brokers offer 2 pips for this pair. If you are looking for even better offers, be sure to have a look at our spread comparison page.



>> Compare real-time spreads of top forex brokers <<

 


Comparatively low minimum deposit
In order to start trading with this broker, one has to deposit $100, which is a comparatively low entry barrier, so most people will be able to experience forex trading with StrattonMarkets (via payment methods like Skrill, Neteller, bank wire, cards). That being said, other brokers require less or none at all. For example Cypriot broker FXTM requires just $5 as a start.


Multiple CFDs offered
On top of the plethora of currency pairs, StrattonMarkets offers trading in CFDs on commodities, stocks and indices. This is by no means an extensive product portfolio, as no cryptocurrency CFDs are available, and lately many traders try their hand at Bitcoin, Ethereum and other coins. For those of you who would like to trade in Bitcoin, here is a list of brokers offering such in the form of CFDs:

 

 

>> Brokers offering BTC trading <<

 


StrattonMarkets Disadvantages


Trading conditions not clear

As we mentioned in the Trading Conditions and Accounts section of this review, important details of StrattonMarkets’s offer are missing on their website. Spreads are not indicated anywhere, nor the leverage levels available. This does not leave a good impression, especially on the part of a CySEC-regulated broker.

 

MetaTrader 4 not available

Those who are used to trading on the good old MetaTrader4 (MT4) will disappointed, as it is not supported by StrattonMarkets. Instead, it offers its services via a web-based interface that is simple to use but lacking any analytics and other advanced features. For example, there are no automated trading strategies like MT4’s Expert Advisors. Here is a snapshot of the platform:

 

 

StrattonMarkets’ web-based platform. Click to zoom in.


Low leverage
The default leverage at StrattonMarkets is 1:50, in line with the current CySEC rules. The maximum levels available might be higher, but this is of little importance, considering the fact that the new ESMA rules on leverage will come into effect in August 2018. The European regulator has imposed a leverage cap of 1:30 on forex CFDs for retail clients in the EU, in order to reduce the high risk of trading on margin. 

 


Conclusion



StrattonMarkets is operated by F1Markets Limited, a Cyprus Investment firm, regulated by CySEC. Their trading offer is rather solid – the minimum investment is not too high, the spreads are tight, and there is a plethora of financial instruments available for trade. Nonetheless, the strongest side of this broker is the fact that it is licensed and overseen by CySEC. Cyprus is a jurisdiction with well-balanced regulation, where certain customer protection rules apply. Besides, CySEC applies a compensation scheme, which can cover a maximum of 20,000 EUR per person in the event of broker insolvency.

 

However, we must also underline that StrattonMarkets has several disadvantages, which must not be overlooked – its unpolished presentation of trading conditions and the lack of a good trading platform.

 


>>Other CySEC-regulated brokers<<



Here are, once again, the positive and negative sides of StrattonMarkets:

 

Pros Cons
CySEC regulation Unclear trading conditions
Good spreads MetaTrader 4 not available
Many CFDs Low leverage
Relatively low minimum deposit   

 

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Traders` reviews for StrattonMarkets

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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