STRIFOR – Scam or Honest Broker?

Today’s article is a full-fledged investigation. And who do you think it’s about? Us! Unfortunately, the world of trading and financial investments is filled with numerous scammers whose main goal is to steal your money. Because of such players, the reputation of the entire industry suffers, including that of honest and transparent brokers. Today, we want to put an end to the speculation. Is Strifor an honest broker or a scam?

We have found several reviews online about our company that contain complaints about the broker’s operations. We will now examine them and provide our response. Why don’t we ignore any reviews or shy away from discussing them? Because Strifor operates with complete transparency, and we have nothing to hide from our clients.

The Broker Has No License?

First, let’s tell you a little about the company. Strifor is a broker providing access to CFD trading in major financial markets. The company recently celebrated its five-year anniversary.

A rare but serious claim that can be found online is that the broker has no official license, making it questionable to trust. This information is incorrect.

Firstly, Strifor holds an official license and is regulated by the Mauritius Financial Services Commission.*

Secondly, Strifor is a member of The Financial Commission**, an organization that protects traders’ rights and combats unscrupulous brokers.

Thirdly, thanks to our cooperation with The Financial Commission, all our clients are insured for up to €20,000. Additionally, the organization’s website features a “Check Your Broker” service, allowing you to verify not only us but also other brokers. We covered this in more detail in a separate video about The Financial Commission on our YouTube channel.

Fourthly, our company strictly complies with international KYC and AML (Anti-Money Laundering) standards, ensuring transaction transparency and protecting clients from financial crimes. Unverified clients can deposit up to $1,000. Verified clients can deposit up to $10,000 in cryptocurrency and up to $30,000 in fiat currencies without source-of-funds verification. For amounts exceeding the established limits, supporting documents confirming the source of funds are required. We comply with all regulatory requirements, preventing illegal transactions and creating a secure trading environment.

Does the Broker Process Withdrawals?

Another complaint frequently made against brokers concerns fund withdrawals. Our motto, “We always pay,” is not just a catchy phrase. Our team always prioritizes client fund withdrawals and processes requests as quickly as possible. The waiting time is no more than 3 hours on business days. This is confirmed by numerous reviews from satisfied clients.

It is important to us that clients can withdraw their funds at any time and feel comfortable and secure. When we conduct technical maintenance, we always publish the schedule in advance. And even if a user missed this or a technical error occurred, our support team will quickly resolve the issue.

Additionally, some reviews claimed that Strifor only allows withdrawals in cryptocurrencies. This is incorrect, as withdrawals in fiat currencies are also possible if the deposit was made using the same method. Deposits and withdrawals are available via bank transfer and popular electronic payment systems, depending on your location. Moreover, all cryptocurrency deposits are carefully checked by Crystal and Chainalysis.

Does Strifor Have a High Entry Threshold?

Some also believe that Strifor has an excessively high entry threshold for traders. This is not true. Every client has access to a basic account that is not linked to a specific deposit amount and provides full trading functionality.

It is important to understand that trading in financial markets carries high risks. However, with a larger deposit and proper risk management, these risks are significantly lower than with a minimal deposit and no risk management. For example, the “Professional” account offers reduced commissions:

• Currency pairs – $5
• Metals – $5
• Indices – 0.002%
• Cryptocurrency CFDs – 0.25%
• Commodities – 0.008%
• Stocks – 0.05%

Conclusion

In this article, we have tried to answer all the questions that users have raised. We are always open and ready to answer any questions honestly because transparency and client trust are our priorities.

If you still have questions, leave a review via the link in the video description. We will definitely respond and continue improving for you! Your feedback helps us become better for you!

*7 Lucky Trading (Mauritius) Ltd holds a forex broker license (Investment Dealer (Full Service Dealer, excluding Underwriting) License) No. GB23202670 and is regulated by the Mauritius Financial Services Commission.

**Strifor SVG LLC, registered under No. 3668 LLC 2024, is a member of the independent, non-governmental self-regulatory organization and dispute resolution forum “The Financial Commission.”

Warning! Investments in CFDs carry a high risk of losing all invested funds. 87% of retail investor accounts lose money when trading CFDs with this provider. Past investment performance does not guarantee future results.