Stratton FX Review
Stratton FX Review
Stratton FX offers trading in nearly 60 forex pairs – major, minor and some exotics, as well as in CFDs. There are three main types of accounts with identical trading conditions. The only difference is the minimum deposits and some of the “extras” like 24-hour support, special analysis and trading signals.
The broker also offers a swap-free Islamic account and a free demo account.
The Company. Security of Funds
Company Country Regulation
Stratton FX UK No
Stratton FX claims to be “licensed by the global financial oversight bodies in the UK”. The only such oversight body we could think of is the Financial Conduct Authority (FCA), but our check revealed that Stratton FX is not regulated by it. Furthermore, UK’s FCA has issued a warning that Stratton FX is a clone of a legitimate and properly regulated fund management and advisory company – Stratton Street. According to the regulator, Stratton FX is providing a non-existent street address.
This means the broker is not required to abide by any rules and as a general rule dealing with unregulated forex brokers is a rather risky business. Of course, the regulation does not necessarily mean the broker is honest and fair, but at least can get punished if it is too blatantly ripping off its clients.
Good regulators are the aforementioned FCA and the Australian Securities and Investment Commission (ASIC).
Stratton FX offers the trading platform ActTrader. It is a modular white label platform developed by the software provider ActForex.
It lets users trade in currencies, forex options, contracts for differences (CFDs), futures, equities, and exchange traded funds.
The platform is flexible and easy to customize and organize, and unlike MT4 and MT5 comes with built-in one-click trading capabilities. It supports market, stop and limit orders; price alerts; comprehensive charting package with 30 technical indicators and trading-from-charts capabilities, etc. Another feature of the application is ActFX, which allows traders to analyze charts, automatically open or close positions, and backtest trading strategies.
Stratton FX also offers the mobile applications of ActTrader for iOS and Android devices.
Methods of payment
Stratton FX accepts payments through bank transfer, credit/debit cards and the internet payment system CashU.
Stratton FX is a broker based in the UK, but is not regulated. There are many such brokers which, we suppose, are trying to attract clients simply based on their location. They, however, are not much better than the offshore unregulated brokers based on islands, if at all, so we advise you to select a regulated broker. Besides, Stratton FX’s trading conditions are not that remarkable either.
Stratton FX Review Conclusion
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