Strategem FX Review
Strategem FX is a Belize-based Forex broker that launched in 2011. The brokerage offers a range of account types, including a free demo, though their minimum deposit is $1000 for a silver account, and $10,000 for a gold account. VIP and managed accounts are also available, and deposits for all accounts can be made by credit card or wire transfer only. We were unable to find a mini or micro account available during our Strategem FX review.
Strategem FX offers a maximum leverage of 1:100, helping to limit the risk of their traders, something we found quite admirable in a time when many Forex brokers offer maximal leverage that can cause new traders to wipe out quickly. Traders interested in learning about Strategem FX’s trading conditions may be a bit challenged – while the brokerage publically notes that they offer 72 currency pairs, it does not elaborate on the nature of its variable spreads, something that most traders are interested in.
The trading platforms available for Strategem FX traders include multiple MetaTrader 4 platforms, including the standard downloadable platform, mobile trading platform and Web Trader. New traders will be satisfied with these offerings, though more discerning traders may prefer a wider range of platform options.
Strategem FX claims to offer free Forex signals, which we were surprised to see are powered by Dukascopy. However, we were not able to access the signals with our demo account, though we would like to believe that such a service would be available with a properly funded Forex trading account. The setup for the signals was impressive, enabling traders to choose between different types of Forex signals based on their preferred trading style.
Overall, our Strategem FX review showed us that the brokerage has a lot of potential, but that it is still lacking some of the features and panache of a more established brokerage. We’ll be interested in watching this brokerage develop to see if its founders have what it takes to take the company to the next level. The potential is definitely there.
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