Strifor
Pros and Cons
Pros
- Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
- Multiple account types catering to different trading experience levels
- MT5 trading platform supporting advanced features and tools
- Islamic account option available for Sharia-compliant trading
- Low minimum deposit requirement of $50 for account opening
Cons
- No regulatory license, increasing risk for traders
- Lack of investor protection due to unregulated status
- Potential for fraud without regulatory oversight
- Limited educational resources for beginner traders
- Withdrawal fees may apply, impacting overall profitability
Basic Information
User Reviews
Strifor Overview
Strifor, officially known as 7 Lucky Trading (Mauritius) Ltd, is a forex broker established in 2015 and registered in Mauritius. Operating for approximately 2-5 years, Strifor currently operates without a regulatory license, which is a critical factor for traders considering the safety and reliability of their investments. Due to its unregulated status, potential clients are encouraged to exercise caution when engaging with this broker.
Is Strifor Safe? Regulation Analysis
Regulatory Information
Strifor, officially known as 7 Lucky Trading (Mauritius) Ltd, is not regulated by any recognized financial authority. This unregulated status presents significant risks for traders, including a lack of investor protection and a higher potential for fraud. It is essential for potential clients to be aware of these risks when considering engaging with this broker.
Is Strifor Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does Strifor offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Strifor offers a diverse range of trading instruments, allowing traders to engage in various markets, including forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different types of traders, from beginners who may focus on major forex pairs and popular stocks to more experienced traders looking to explore commodities and indices. The inclusion of multiple asset categories enhances the potential for portfolio diversification and supports flexible trading strategies, making it easier for users to adapt their trading approaches to market conditions and personal goals. By providing a broad selection of products, Strifor aims to meet the needs of various trading styles and investment preferences.
Account Types and Trading Conditions
What Account Types and Fees Does Strifor Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Basic Account | Beginners | Low minimum deposit, access to various trading instruments | Suitable for small-capital practice |
| Advanced Account | Intermediate traders | Enhanced trading features, tighter spreads | Requires some trading experience |
| Professional Account | Experienced traders | Higher leverage options, customized services | Requires trading volume qualifications |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading conditions | Available to eligible clients |
Account Opening Process
Opening an account with Strifor involves several steps. First, users must submit personal information, including name, contact details, and date of birth. Next, employment and financial information should be provided to assess suitability for trading. Identity verification is also necessary, requiring valid identification and proof of address. This process ensures compliance with necessary standards and helps maintain account security. Additionally, Strifor offers flexibility in account management, allowing traders to upgrade to a professional account as they gain experience and meet applicable criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 0.1 | $9 | Tight spreads available for major pairs |
| CFDs (Stocks, Indices, Commodities) | Varies | 0.005% for indices, $9 for metals | Commission applies based on product type |
| Cryptocurrencies | 1.0% | 0.5% | Variable depending on market conditions |
Other Fees
Strifor may charge various fees that traders should consider. These can include deposit and withdrawal fees, which vary depending on the chosen payment method. Inactivity fees may apply to accounts that remain dormant for an extended period. While there may be platform usage fees, specific details are not disclosed. Overnight interest or swap rates could also be applicable, depending on the positions held. Lastly, currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Strifor Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT5 | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| Web Version | Any device with internet access | Encrypted login, symbol lookup, push notifications | None specified |
| Mobile App | iOS, Android | Biometrics, one-click trading, real-time alerts | None specified |
Strifor provides various platforms catering to different trading preferences. The MT5 platform is ideal for traders requiring advanced features and tools, supporting multiple operating systems for both desktop and mobile use. The web version offers accessibility across devices while maintaining essential functionalities. The mobile app enables convenient trading on the go, ensuring secure logins and real-time alerts. Overall, Strifor emphasizes mobile trading capabilities, secure access, and efficient order execution, providing traders with a reliable trading environment.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min 50, Max 20k/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10k/day | USD, EUR |
| e-Wallets (e.g., Skrill, Neteller) | Instant | 1.5% fee | Min 50, Max 15k/day | USD, EUR |
Minimum Deposit
Strifor requires a minimum deposit of $50 to open an account. This amount is consistent across all payment methods and account types, providing accessibility for new traders.
How to Withdraw
- Log in to your Strifor account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred payment method.
- Enter the amount you wish to withdraw.
- Confirm your withdrawal request.
- Wait for the processing time, which varies based on the payment method selected.
Customer Support
Strifor Customer Support Overview
Support Channels
Strifor provides several contact methods for customer support, ensuring that traders can receive help when needed. The primary support channels include:
- Email: Traders can reach out via email at help@strifor.ltd for assistance with their inquiries.
- Live Chat: Instant support may be available through the broker’s website, allowing for quick resolutions to queries.
- Telephone: Customers can call Strifor at +230 463 7993 for direct support.
- Social Media: Strifor may have a presence on social media platforms for updates and additional support options.
Service Availability
Strifor’s customer support operates during standard business hours, providing assistance 24/5. Multilingual support is available, catering to a diverse clientele, although specific languages supported have not been disclosed.
Frequently Asked Questions
No, Strifor, officially known as 7 Lucky Trading (Mauritius) Ltd, is not regulated by any recognized financial authority. This unregulated status poses significant risks for traders, including a lack of investor protection and a higher potential for fraud.
Strifor offers a diverse range of trading instruments, including forex (major pairs), commodities (such as gold and oil), indices (like S&P 500 and NASDAQ), stocks (from the US and UK), and cryptocurrencies (BTC and ETH). This variety allows traders to engage in different markets and supports flexible trading strategies.
The minimum deposit required to open an account with Strifor is $50. This amount is consistent across all payment methods and account types, making it accessible for new traders.
Strifor provides multiple contact methods for customer support. Traders can reach out via email at help@strifor.ltd, use the live chat feature on the website for instant support, call +230 463 7993 for direct assistance, or check their social media platforms for updates and additional support options.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.