Stratton Markets Review 2024
Website: www.strattonmarkets.com
Min. Deposit: US$ 250
Leverage: 1:30
Trading Platforms: Stratton Markets WebPlatfrom, MT4
Regulation: CySEC
Headquarters: Cyprus
Founded: 2017
Regulatory Licenses:
- F1Markets Ltd - authorized by CySEC (Cyprus) registration no. 267/15 - not active
Updated on April 8, 2024
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At Broker Insight, our review methodology for evaluating brokers is comprehensive and multi-faceted, ensuring a well-rounded analysis. We start by examining the broker's regulatory compliance and background, assessing the security and reliability of their operations. This is followed by a thorough evaluation of the range and diversity of trading instruments and markets offered, as well as the variety and suitability of account types available for different trader profiles. We delve into the trading platforms and tools provided, focusing on user experience, functionality, and technological robustness. Fees, spreads, and overall cost structure are scrutinized for transparency and competitiveness. A key component of our review involves testing the effectiveness and responsiveness of customer support. Additionally, we consider the ease and efficiency of the deposit and withdrawal processes. Finally, we incorporate real user feedback and the broker’s community reputation into our assessment to present a holistic and unbiased review that serves as a valuable resource for traders seeking reliable and insightful broker evaluations.
Is Stratton Markets safe or a scam? ▲
Stratton Markets is operated by F1Markets Ltd, a company registered in Cyprus that adheres to the regulatory standards set by CySEC. This regulatory framework ensures that Stratton Markets is compliant with the European Union's stringent financial regulations. These regulations are designed to safeguard client funds and investments through several measures. These include the maintenance of client funds in segregated accounts held at reputable banks, participation in compensation schemes, the implementation of automated transaction monitoring systems, and stringent risk management practices. Additionally, Stratton Markets undergoes rigorous financial oversight, which is enforced through regular internal and external audits, ensuring a high level of financial security for its clients.
Stratton Markets offers award-winning trading platforms, providing traders with a choice between the Stratton Markets WebTrader and the widely recognized MetaTrader4. Both platforms enable seamless access to global markets around the clock, featuring user-friendly interfaces that do not require any software installation or downloads, thanks to their web-based nature. This allows for easy access from any device with an internet connection and a browser. Although both platforms offer a comprehensive range of tools and instruments, the Stratton Markets platform currently lacks automated trading capabilities, a feature that can be found in MetaTrader4. However, Stratton Markets is actively working on enhancing its platform offerings. The company has plans to introduce additional platforms, mobile applications, and more features to meet the evolving needs of its traders.
Stratton Markets provides a selection of five distinct account types, designed to enhance your trading journey by offering varied levels of information, support, and more favorable pricing structures based on spread only. These accounts require initial deposits ranging from $250 to $25,000. With an increment in account tier from Basic to Diamond, traders gain access to an enhanced suite of tools, resources, and information, empowering them to make timely and informed decisions.
The assortment of account types includes Basic, Silver, Gold, Platinum, and Diamond, each supported continuously by the company. There's a gradual improvement in spread offerings as you move up the account tiers, reflecting the commitment to cater to traders with different levels of experience and investment.
Stratton Markets implements a fixed spread policy to structure trading costs, for example, showcasing a typical spread for GBPJPY at 0.08, thus providing immediate access to global markets. The brokerage also offers an array of educational resources and the opportunity to trade cryptocurrencies with leverage up to 1:5, including a spread on BTCUSD of 200. Highlighting the differences in costs between account types, the Basic Account features a spread of 0.0007 on the EURGBP pair, with progressively lower spreads offered in the Silver (0.0005), Gold (0.0004), Platinum (0.0003), and Diamond (0.0002) accounts. The Diamond account further enhances the trading experience by including complimentary VPS service, news alerts, and a dedicated account manager.
It is also crucial to take into account the rollover or overnight fee charged by Stratton Markets, an expense incurred when positions are held for more than a day. This fee varies across different instruments and is directly accessible for review on the platform. Understanding the specific conditions for overnight positions is essential for effective cost management in trading.
Forex trading is highly recognized for its leverage capability, a potent tool that potentially amplifies profits by multiplying the initial account balance. Stratton Markets offers the opportunity to trade with leverage, although the extent of leverage available is subject to several factors. Primarily, leverage is determined by regulatory limitations and then by the trader's level of expertise. For retail traders, the maximum leverage is capped by the European ESMA at 1:30 for major currency pairs, 1:20 for minor pairs, and 1:10 for commodities. Conversely, professional traders can access higher leverage ratios, reaching up to 1:400 for currency pairs.
Stratton Markets supports various payment methods, including major credit and debit cards, electronic wallets, and wire transfers facilitated by leading third-party payment providers. The base currency for the account remains at the trader's discretion, offering a flexible and convenient financing option. The minimum deposit required is only $250, with quick transaction processing. Subsequent withdrawals are processed within 1 day. The minimum withdrawal amount is set at $50, or its equivalent in other base currencies, with company-imposed fees applicable to the withdrawal process. Interestingly, Stratton Markets absorbs internal transfer fees for the payment services it offers, although it's advisable for traders to verify with their payment provider regarding any potential fees on their end.
This review of Stratton Markets, formerly known as Wise Trader, highlights the broker's reliance on the experience and expertise of its parent company, an investment firm authorized by CySEC. Stratton Markets delivers reliable trading conditions across a selection of instruments, five different account sizes, and a powerful proprietary trading platform equipped with a variety of tools and features for seamless trading and comprehensive analysis. Moreover, Stratton Markets offers a well-designed education service tailored to traders' experience levels, providing a valuable opportunity to learn best practices and gain a deep understanding of the markets. The broker primarily employs fixed spreads, ensuring stability under any market conditions. Experienced traders can benefit from more competitive trading conditions and additional services that enhance trading capabilities, such as Free VPS, signals, and more.
F1Markets Update
As of 28 May 2020, Stratton Markets is no longer in operation due to a warning issued to F1Markets, which operated under the Stratton Markets and Wise Trader trading names. F1Markets received a warning from the UK's Financial Conduct Authority (FCA) and was required to cease all marketing promotions in the United Kingdom and to stop providing trading services. The firm was accused of utilizing aggressive and non-compliant marketing materials that were deemed unfair, unclear, and misleading to the public, resulting in numerous complaints and financial losses. The FCA's statement clarified, "F1Markets Ltd is not permitted to provide regulated financial services to residents of the United Kingdom." Further details can be found through the official warning link.
