Overview of Strifor broker: what opportunities are there for clients of the service
Strifor is a forex broker presented in the market since 2020. Originally, the platform was created for cryptocurrency exchange in the B2B segment, but a year later, the possibilities of the service became available for private investors.
The company has more than 2,000 clients, and this number is constantly increasing. In our review, we analyze what trading conditions the broker offers, how the platform is set up, what are its advantages and what are the weaknesses.
Advantages and disadvantages
The service is oriented to both experienced investors and those who make only their first steps in the financial markets.
- Low spreads;
- Leverage 1:500;
- Large selection of tools;
- MetaTrader 5;
- Islamic account.
- Platform supports only English language;
- High initial capital;
- No possibility to replenish the account via fiat currency.
Registration and personal account
The official website of the company is strifor.org. For registration, new users only need to enter their email and come up with a password. Further verification procedure is carried out through the personal account. Only after passing the verification procedure, the user will be able to perform all operations on the platform, including the withdrawal of money.
Clients of the service can work both on the PC version (for Windows and Apple) on the site using a web terminal, and via a smartphone: versions for Android and iOS are available. A special feature of the site is the ability to contact technical support via email and a bot in Telegram. The messenger also has a Strifor news channel, where the authors talk about the service’s promotions and current news, summarize the results of contests and cover financial market events.
What does Strifor broker offer?
Traders are given the opportunity to operate with several classes of tools:
- More than 50 cryptocurrencies, including the most popular ones (Bitcoin, Ethereum, USDT, etc.), and about 60 currency pairs are available.
- Stocks CFDs.
- Clients can invest in gold, silver, platinum, zinc, aluminum, and copper.
Strifor’s advantages include the fact that MetaTrader 5 is used as a trading platform. It is an advanced multi-market platform that was recognized as the best of its kind at the Finance Magnates London Summit (November 2022). Metatrader has a user-friendly and clear interface. It allows clients to use technical analysis, connect advisors for auto-trading, download various templates of settings and indicators. The platform can be used to conduct transactions not only in the Forex market, but also in the derivatives markets.
Strifor users can also use the platform as a cryptocurrency wallet. In this case, the funds placed in the wallet do not participate in trading. To do so, they must first be transferred to a trading account.
What type of account is the most appropriate?
For those who have just registered on the Strifor platform, it is suggested to open a demo account. This will allow understanding all the details of the service without any risk of losing money.
In order to start full-fledged trading through Strifor, it is necessary to choose one of account types. Any of them allows working with all trading tools of the platform. The leverage on 3 types of accounts is up to 1:500, on Professional – 1:200. Margin Call level is the same everywhere and is equal to 50%.
When making a deposit, customers can receive a bonus with the help of which one can increase the amount up to 100% of the deposited funds.
The difference between the accounts lies in the size of the initial investment, as well as in a number of individual parameters.
Users have the following options available:
- The minimum investment amount is $2,000, spreads are from 0.8 pips. Commission per lot (for Forex and metals) is $8, 0.004% is for indexes. Stop-out option is available at 20%.
- The deposit size is from $10 thousand. Spread here starts from 0.3 pips, and commission for indices is 0.003%, 0.3% is for cryptocurrencies, 0.15% is for stocks. For other trading instruments, it is $7 per lot.
- The minimum investment amount is $20 thousand. In return, the client is offered more favorable terms of cooperation. Thus, spreads from 0,1 pip, commission for metals and Forex is $5 for each slot, 0,25% is for cryptocurrency , 0,05% is for shares, 0,002% is for indices. More favorable terms are also offered on stop-out, which can be used when reaching the 10% mark.
Also Islamic account is available at Strifor, i.e. it is possible to connect swap-free option and not to pay swaps for transferring position through the night. To open such an account, it will be necessary to have $2,000 or more in the account. However, it should be taken into account that cryptocurrency trading will not be available, and the commission for each lot for metals and Forex will be $12, and for the indices – 0.006.
An important advantage of Strifor broker is that market execution is applied on all types of accounts.
Among the advantages of the service can also be noted that scalping is allowed, and the balance of the deposit accrues up to 18% per annum.
Clients of Strifor broker can earn not only from trading, but also receive remuneration for referrals. The amount of remuneration depends on the partner’s level. There are three levels available:
- Number of attracted referrals is from 1 to 4. In this case, the commission bonus will be equal to 40 %.
- It is necessary to attract from 5 to 9 new users. In this case, the commission bonus will be equal to 50%.
- The quantity of active clients is from 10. The commission bonus will be equal to 60%.
In order to become a member of the affiliate program, you have to take a referral link in your personal account and place it on your resources.
Withdrawal of funds
All funds from the platform are withdrawn only in cryptocurrency and to cryptocurrency wallets. In order to perform a transaction, the user only needs to press the “withdrawal” button, select the currency in which he/she wants to receive his/her money, and then enter the number of the wallet.
In this case, commission will be charged only by the payment system, through which the user operates. Strifor broker doesn’t charge any withdrawal fee, as he/she only earns on his/her trading commission.
To make the transaction more secure, user receives email with a link. After clicking on it, the withdrawal request will be approved. It takes 30 minutes to complete this transaction, after which the funds are returned back to the wallet or trading account, depending on where they were withdrawn from.
From the moment the request is confirmed, the money is deposited to the user’s crypto wallet within 5 business days.
What does cooperation with Strifor provide?
The main advantages of trading through Strifor broker are convenience, reliability and more opportunities than in self-trading. The broker offers profitable cooperation conditions, allowing trading with the borrowed funds, increasing the rate up to 500 times.
Strifor gives an access to powerful analytical tools and charts, thanks to which clients can more effectively form their investment portfolios and manage risks.
Of course, there are commissions for intermediary services. On Strifor’s platform, all cooperation terms are transparent and clear, so traders know exactly what income they will receive from one or another transaction.
Trading with multi-broker Strifor is an opportunity to earn more, faster and with less financial markets. After all, the broker itself is interested in the success of its clients and therefore provides professional consulting services, all necessary tools, analytical and static materials, which as a result allows the trader to be more effective and successful.