Score
Hong Kong
|
5-10 years
| http://www.straitsfinancial.com/
Website
Rating Index
Influence
C
Influence index NO.1
United States 3.42
Single Core
1G
40G
1M*ADSL
Hong Kong straitsfinancial.com United States
VIP is not activated.
| Company Name | Straits |
| Registered Country/Area | HongKong |
| Founded Year | 2018 |
| Regulation | Regulated by MAS |
| Minimum Deposit | $100 |
| Spreads | as low as 0 |
| Trading Platforms | Straits direct,CQG desktop |
| Tradable Assets | Mainly commodities (agriculture,soft,metal.etc) |
| Account Types | Individual, commercial hedgers, institutions, family offices |
| Demo Account | Available |
| Customer Support | Phone, email |
| Deposit & Withdrawal | Banks, other licensed Carrying Brokers, or the CME,cash |
Straits, founded in 2018 and headquartered in Hong Kong, is a regulated trading company that specializes in providing platforms for trading mainly in commodities, such as agriculture, soft commodities, and metals. The company extends its trading platform services through “Straits direct” and “CQG desktop” and mandates a minimum deposit of $100, with the allure of spreads that can go as low as 0.
| Regulatory Agency | Securities and Futures Commission of Hong Kong | Monetary Authority of Singapore |
|---|---|---|
| Current Status | Revoked | Regulated |
| License Type | Dealing in futures contracts | Retail Forex License |
| Regulated By | Hong Kong | Singapore |
| License No. | BHT974 | Unreleased |
| Pros | Cons |
| Diverse Tradable Assets | Lack of Regulation |
| Accessible Trading Platforms | Limited Customer Support |
| Low Spreads | Restricted Deposit and Withdrawal Options |
| Demo Account Availability |
Straits extends a selection of market instruments, affording traders an intricate trading milieu with a focus on diverse asset categories. Heres an insightful gaze into the available market instruments:
Commodities:
Although Straits opens up a variety of trading opportunities within commodities and potentially safeguards for institutional entities, it is vital to underscore that trading invariably comes with inherent risks.
Straits accommodates a diverse clientele by providing four tailored types of accounts to meet the varying needs and objectives of different traders and investors.
Categorized into:
Straits assists diverse commercial hedging clients, including those in agriculture (like commercial farmers and ethanol producers), energies (such as oil refiners and fuel distributors), and metals (including metal dealers and suppliers), in managing commodity price risk through tailored hedging strategies and potentially advising on OTC product strategies for safeguarding against adverse risk exposures.
This division services various institutional entities, including fixed income customers, commodity trading advisors (CTAs), hedge fund clients, and financial institutions. Straits offers:
Straits plays a pivotal role in assisting family offices catering to ultra-high-net-worth investors, providing services that necessitate a collective approach from a professional team.
The support spans across various domains, such as cash management, risk management, financial planning, lifestyle management, generational education, business interests, estate planning, philanthropic activities, and tax planning services, aligning with the intricate and multifaceted needs of affluent family governance.
Here's a generalized 5-step guide on how one might open an account with Straits:
The spreads in straits can be as low as 0. At Straits, traders might benefit from competitive spreads, starting as low as 0, which could provide an advantageous trading environment, especially for those engaged in high-frequency or low-margin trading strategies.
Trading Platform
Straits provides its traders with an extensive array of trading platforms, each possessing distinctive features and benefits to cater to various trading needs and preferences.
Straits extends a range of deposit and withdrawal options for client convenience and efficiency in managing their trading finances. Clients have the ability to utilize banks, other licensed Carrying Brokers, or the CME to conduct their financial transactions, providing a degree of flexibility in how funds are managed and moved within the platform. Also, customers can deposit cash in straits.
Straits adheres to a $100 minimum deposit policy, creating an accessible entry for a spectrum of traders, from newcomers to the well-versed. For in-depth understanding of their financial policies, its advisable for traders to consult the Straits website or reach out to their customer support, ensuring clarity on transaction methods, potential fees, and processing timeframes.
Straits endeavors to maintain a robust and accessible customer support system to assist its global clientele effectively. Clients and interested traders can reach out to their support team via numerous contact numbers based on their geographical location: +65 6672 9669 (Singapore), +1 312 462 4499 (USA), and +62 21 5010 3599 (Indonesia), all offering assistance in English.
Additionally, queries, concerns, or any correspondence can be communicated through email atinfo@straitsfinancial.com. The company, known officially as Straits Financial Group and abbreviated simply as Straits, is registered in Hong Kong.
For further insights about the company, its policies, or any related updates, individuals may visit their official websitehttps://www.straitsfinancial.com/or engage with them on various social media platforms:Twitter,YouTube, andLinkedIn.
How can I contact Straits Financial's customer support?
You can reach out to Straits Financial through their contact numbers available for different regions or email them atinfo@straitsfinancial.com.
What are the different trading platforms available under Straits?
Straits offers various platforms, including CQG Desktop, CQG Mobile, CME Direct, CTS T4, TT New Generation, RITHMIC, and iBroker.
Are there any mobile trading solutions available with Straits?
Yes, Straits provides mobile trading solutions through platforms like CQG Mobile and iBroker, ensuring users can trade on the go.
Where can I learn more about Straits' latest updates and news?
For the latest updates and news, you can follow Straits Financial on their official Twitter, YouTube, and LinkedIn profiles.
Straits Financial offers a relatively competitive fee structure with spreads starting as low as 0 pips. This is a significant advantage for active traders who rely on tight spreads to maximize their profitability. For those engaged in short-term trading or scalping, such tight spreads can make a noticeable difference in overall costs. However, it is important to note that Straits Financial may charge additional fees, such as overnight swap fees for positions held beyond the trading day. These swap fees can vary depending on the type of asset being traded and the direction of the position. While Straits Financial doesn’t charge commissions on most accounts, traders should also be mindful of other potential costs, such as inactivity fees, which can be charged if an account remains inactive for an extended period. These hidden fees could add up for traders who do not engage in regular trading, so it’s crucial to thoroughly review the fee structure before signing up. Additionally, traders should consider potential withdrawal fees or charges associated with certain payment methods, which may be applicable depending on the selected funding option.
The spread at Straits Financial starts as low as 0 pips, which is highly advantageous for traders who are focused on minimizing trading costs. Tight spreads can be particularly beneficial for active traders, scalpers, or those using high-frequency trading strategies, as even small differences in spreads can add up over time. While Straits Financial’s spreads are competitive, it’s important to remember that spreads can widen during periods of high market volatility or low liquidity. Traders should be prepared for this and consider it when executing trades during news events or other volatile market conditions. The broker’s transparency in offering low spreads is certainly a positive feature, but traders should always be aware of how market conditions could impact the spreads and overall costs. For long-term traders, spreads may not be as important, but for short-term traders, low spreads can have a significant impact on their overall profitability.
Straits Financial offers several key advantages that make it an appealing option for traders. One of the most attractive features is its low spreads, starting from 0 pips. This is particularly advantageous for traders who engage in high-frequency trading or those who operate with tight margins. The broker also provides access to a wide range of commodities, including agricultural products, soft commodities, and metals, which is beneficial for traders who want to diversify their portfolios and explore opportunities in different asset classes. Furthermore, Straits Financial supports a range of account types, from individual accounts for retail traders to specialized accounts for commercial hedgers, institutions, and family offices. This flexibility ensures that Straits Financial can cater to a diverse clientele, whether you’re a novice trader or a large institution. The availability of demo accounts also allows beginners to test the platform without risking real money, making it easier for them to learn and gain confidence before transitioning to live trading. Lastly, Straits Financial provides access to multiple advanced trading platforms, including Straits Direct and CQG Desktop, offering traders a variety of tools to suit their trading strategies. Overall, Straits Financial combines competitive trading conditions with a wide range of services, making it a solid choice for both retail and institutional traders.
Straits Financial supports various payment methods for deposits and withdrawals, including traditional bank transfers, payments through other licensed brokers, and cash deposits through the CME. While these methods provide flexibility, traders may find the options somewhat limited compared to brokers that support credit cards or popular e-wallets like PayPal or Skrill. If flexibility in payment options is important to you, it might be worth reaching out to Straits Financial to verify whether any new payment methods have been added or if they plan to expand their payment options in the future.
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