RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
StrattonMarkets is a brand of F1Markets Limited – a Cy SEC regulated company, which also operates WiseTrader and 24CM. The forex and CFD broker is offering a wide variety of currency pairs, as well as CFDs on commodities, precious metals, stocks and indices with four different account types on a proprietary web-based trading platform.
On the negative side we should note that the StrattonMarkets trading platform lacks some basic features, like the option to run automated trading sessions, standard with classic platforms like the MetaTrader4.
At StrattonMarkets staring spreads are fixed at 1,5 pips, which we consider competitive. Leverage on the other hand is caped at 1:30, which is in line with the new regulations, enforced by the European Securities and Markets Authority (ESMA) from August 1st. The minimum deposit requirement to open a trading account with StrattonMarkets is 100 USD.
We should also note that we have come across an unregulated broker with a very similar name – StrattonFX. Keep in mind, however, that StrattonFX is not connected with StrattonMarkets in any way and that most probably StrattonFX is created as a clone of the CySEC regulated StrattonMarkets with a clear intention to mislead customers.
StrattonMarkets regulation & safety of funds
As we have already noted StrattonMarkets is owned and operated by F1Markets Limited, which holds a license by the Cyprus Securities and Exchange Commission (CySEC), which along with the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) is one of the three regulatory destinations, preferred by most legit forex and CFD brokers.
Keep in mind that proper regulation is the single most important factor for the safety of any investment.
The CySEC regulatory regime for example provides both security to traders and flexibility to brokers to expand and develop their businesses.
All brokers under Cy SEC regulation should maintain a minimum operational capital of at least 730 000 EUR, while keeping all traders money in a segregated, protected form creditors, trust account. That last measure also guarantees that trading capital will not be used by the broker to cover operational expenses.
On top of that respected financial authorities such as CySEC and FCA in the UK force all supervised brokers to participate in client’s money protection schemes.
Thus, in the unlikely case the broker goes insolvent, traders investing with CySEC brokers are entitled to a compensation of up to 20 000 EUR.
Similarly traders with FCA brokers are guaranteed to receive back up to 50 000 GBP of their trading capital in the event that something with the broker goes wrong.
All that said we strongly advise traders to invest only with brokers, regulated by trusted financial authorities in Europe, Australia or the USA, as any investment with unregulated websites, with shady ownership comes with a significant risk of loosing your money to scammers.
StrattonMarkets deposit/withdrawal methods and fees
You can fund your account with StrattonMarkets markets, using all major credit or debit cards like VISA and MasterCard, bank wire and popular e-wallets like Neteller and Skrill. At the same time you can choose to open your account in Euro, US dollars or British Pounds.
There is also a daily and monthly limit on the amount you can deposit with the broker. On a daily basis this amount is caped at 5000 currency units with a credit card, 10 000 currency units with a wire transfer and 40 000 currency units, if you are depositing with an e-wallet like Neteller or Skrill.
On a monthly basis the maximum amount you can deposit is 40 000 currency units with a credit card or via e-wallets and 400 000 currency units with a bank transfer.