Strifor is a Forex broker that has been on the market since 2020. Initially, the platform was created for cryptocurrency exchange in the B2B segment, but after a year, the service's capabilities became available for private investors.
The company has more than 2000 clients, and this number is constantly increasing. We will analyze in our review what trading conditions the broker offers, how the platform is organized, what are its advantages and what are its weaknesses.
Advantages and disadvantages
The service is aimed at both experienced investors and those who are only taking their first steps in the financial markets.Pros:
• Low spreads;• 1:500 leverage;
• Large choice of instruments;
• MetaTrader 5;
• Islamic account.
Cons:
• There is no possibility to replenish the account via fiat.
Registration and personal account
The official website of the company is Strifor.org. New users only need to enter their email and create a password in order to register. Further verification procedure is carried out through the personal account. Only after it is passed, the user will be able to perform all operations on the platform, including withdrawing money.
Clients of the service can work both on the site itself and through a smartphone: versions for Android and iOS are available. A special feature of the site is the ability to contact the technical support service via e-mail and a bot in Telegram. The messenger also has a Strifor news channel, where the authors tell about the service's promotions, current news, summarize the results of contests, and cover events on the financial markets.
What the Strifor broker offers
Traders are given the opportunity to work with several classes of instruments:• Cryptocurrency. In total, more than 70 cryptocurrencies are available, including the most popular ones (Bitcoin, Ethereum, USDT, etc.), and about 60 currency pairs;
• Stocks CFDs;
• Metals. Clients can invest in gold, silver, platinum, zinc, aluminum, and copper.
• Forex.
The advantages of Strifor include the fact that MetaTrader 5 is used as a trading platform. This is an advanced multi-market platform that was recognized as the best of its kind at the Finance Magnates London Summit (November, 2022). MetaTrader is characterized by a convenient and clear interface, and allows clients to use technical analysis, connect Expert Advisors for autotrading, and download various templates of settings and indicators. Using the platform, it is possible to conduct transactions not only on Forex, but also on derivatives markets.
The Strifor users can also use the platform as a cryptocurrency wallet. In this case, the funds placed on the wallet do not participate in trading. For this purpose, they will first need to be transferred to a trading account.
What type of account to choose?
For those who have just registered on the Strifor platform, it is suggested to open a demo account. This will allow understanding all the intricacies of the service without any risk of losing money.You need to choose one of the account types to start full-fledged trading through Strifor. Any of them allows you to work with all trading instruments of the platform. The size of leverage on 3 types of accounts is up to 1:500, on Professional - 1:200. The level of margin call is the same everywhere and equals 50%.
When depositing for the first time, a bonus is provided. Using this bonus, you can increase the amount up to 100% of the deposited funds.
The difference between the accounts lies in the amount of starting investments, as well as in a number of individual parameters.
Users have the following options available to them:
• Basic. Spreads - from 0.8 pips. Commission per lot (for Forex and metals) is $8, for indices - 0.004%. Stop-out option is available at 20%. The user can open up to 50 orders at a time.• Advanced. Deposit size is from $10 thousand. The spread here starts from 0.3 pips, and the commission for indices is 0.003%, for cryptocurrency - 0.3%, for shares - 0.15%. 7 dollars per lot is for other trading instruments.
• Professional. 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 dollars for each slot, for cryptocurrency - 0.25%, for shares - 0.05%, for indices - 0.002%. More favorable conditions are offered and stop-out, which can be used when reaching the 10% mark.
An Islamic account is also available on Strifor, i.e. you can activate the swap-free option and thereby not pay swaps for moving a position overnight. To open such an account, you will need to have $2,000 or more on your account. However, you should take into account that cryptocurrency trading will not be available, and the commission for each lot for metals and Forex will be $12, and for indices - 0.006.
An important advantage of the Strifor broker is that market execution is applied on all types of accounts.
Among the advantages of the service, you can also note that scalping is allowed, and up to 18% annual interest is accrued on the balance of the deposit.
Affiliate program
Clients of the Strifor broker can earn not only on trading, but also receive remuneration for referrals. The amount of reward depends on the partner's level. There are three levels available:• Bronze. The number of attracted referrals is from 1 to 4. The commission bonus in this case will be 40%.
• Silver. You need to attract 5-9 new users. In this case, the size of the bonus will be equal to 50%.
• Gold. The number of active clients is from 10, the commission bonus is 60%.
To become a member of the affiliate program, you just need 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 crypto wallets. To perform the operation, the user only needs to click the “withdrawal” button, choose the currency in which he/she wants to receive his/her money, and then enter the wallet number.The commission in this case will be charged only by the payment system itself, through which the user works. The Strifor broker does not take a percentage for withdrawal of funds, as it earns only on its commissions on trading.
To increase the security of the transaction, a letter with a link is sent to the user's email. After clicking on it, the withdrawal request will be approved. This operation takes 30 minutes to complete, after which the funds are returned back to the wallet or trading account depending on where they were withdrawn from.
From the moment the application is approved, the money is transferred to the user's cryptocurrency wallet within 5 business days.
What does cooperation with Strifor give?
The main advantages of trading through Strifor broker are convenience, reliability and wider opportunities than when trading independently. The broker provides favorable conditions of cooperation, allowing you to trade with borrowed funds, increasing the rate 500 times.Strifor gives 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 the Strifor platform, all the terms of cooperation are transparent and clear, so traders immediately know exactly how much income they will get from a particular operation.
Trading with Strifor multi-broker is an opportunity to earn more, faster and with smaller financial markets at the same time. After all, the broker itself is interested in the success of its clients and therefore provides professional consulting services, all the necessary tools, analytical and static materials, which ultimately allows the trader to be more efficient and successful.
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