There is a lot of research needed before you sign up with an online broker. The problem with online brokers is that they are too many. The bigger problem is that not all of them are great. However, you can rest assured that there are some who really care about their traders and provide them with the best of everything to make sure they are successful in their trading efforts. One such broker that is very helpful to its traders is STR Capital. It provides some great trading opportunities to its traders. Its features are great and the customer support is there to complement everything.
However, it does not mean that STR Capital is a perfect broker. There are some areas that require improvement and we’ll shed some light on them as well. Let’s get into this STR Capital review to know more.
The Best Features of STR-Capital
The Asset Index
You are going to love being with this broker if you have always been an experimenting person. Not to mention, experienced traders will love the fact that they have a lot of opportunity to diversify their portfolio with this broker. When you sign up with this broker, you will have access to not one but a variety of financial markets. You can trade in many asset classes, such as commodities, stocks, indices, forex currency pairs, etc. You can trade them all from the same trading platform and using the same trading account. You can trade these assets in the form of CFDs i.e. you will only trade contracts, not the actual assets.
You are also going to love the trading platform from STR Capital. This trading platform has been created with modern traders in mind. You will not have to sit in front of a desktop computer for hours keeping a watch on the financial markets charts, graphs, and price movements. You will have access to the trading platform from your desktop computer, tablet, laptop, and even your smartphone. The best thing is that you will be using a web-based trading platform that works smoothly and without any hiccups even if you use it on an Android phone or an iPhone.
What you are going to like about a web-based trading platform is that it will provide you with the same uniform trading experience no matter where you are in the world or which device you are using.
Educational Material for New Traders
It would be fair to say that the training material from this broker is directed at new traders. With many online brokers, you notice that their training material is designed for both, new traders as well as professionals. However, you will have to say that the training material from STR-Capital is more suited to the new traders who are still looking for a way to learn the basics of trading. If you are trading for the first time and you don’t know most of the terminologies that are used in this market, the website of this broker is going to help you greatly.
Just about any term that you can think of in the trading world is there on the website in the glossary of trading terms. You can say, however, that the broker could have done a little for experienced traders as well.
Compliance to Regulatory Policies
If you are a broker in 2020, you have to comply with lots of different rules that govern the online trading industry. First of all, you have to make sure that you are not giving space to money launderers on your platform. That’s something that has happened a lot of times in the past. Today, every broker has to make sure that only legitimate entities can use its trading platform. For that, the broker has to have anti-money laundering policies in place. STR-Capital has those policies in place and the broker makes sure that they are followed strictly. In addition to that, you have KYC policies on this broker’s website.
These policies ensure that every person has to provide proper identification information at the time of signup. This helps the broker identify any black sheep who are trying to sign up with the information of others.
The Worst Part of STR-Capital
Leverage, and Some More
Just because it is one of the best brokers on the market right now does not mean we will not mention the weak points of STR-Capital. STR-Capital is a great broker with all of those features mentioned above. However, there should be no doubt in your mind that it has some flaws as well. The biggest flaw of this broker is that the broker is missing a huge opportunity of attracting hundreds of thousands of traders from around the world due to lack of information about leverages. In addition to that, there are a few things not mentioned on the website, when they should be mentioned. For example, there is no talk of leverages on the website. The leverage is not mentioned with the account information. So, you never know how much leverage you are going to get with each trade. You will find that out only when you are actively trading. That’s not a good thing on the part of the broker.
There are definitely some great things that can be said about STR Capital online trading platform. The broker has a great asset index consisting of currency pairs, commodities, indices, and stocks. It has a great trading platform that you can access from anywhere in the world using any device of your choice. However, it has to work on its information to get the attention of even more traders in the world. Once the broker has covered that area, you can say that it has the potential of being the best broker on the internet.