Streams Global Markets LLC, which owns and operates GoStreams.io, is a global brokerage firm. The corporation is a registered investment firm in Saint Vincent and the Grenadines, a popular location for offshore financial firms looking to operate outside of rigorous restrictions. Since 2019, the firm has been licensed and registered under the name “219 LLC 2019.” The broker, on the other hand, is not explicitly regulated by any major financial authority.
The company takes pride in being a one-of-a-kind broker, claiming to provide a safe and dependable trading environment backed up by a client-focused staff of professionals. Residents of the United States are not eligible for the broker’s services.
MetaTrader 4 platform
MetaTrader4 is the sole trading platform available on GoStreams.io. MT4 is the most popular forex trading platform in the world, with millions of users. It is also the most downloaded platform in the business. Users may personalize their interface and maximize their trading experience by utilizing several options.
The MT4 platform is available for macOS, Windows, Android (APK), and iPhone (iOS) via a simple and quick download from the broker’s website or their app store.
Streams’ trading platform does not have a dedicated mobile app. MetaTrader 4 does, however, have a mobile app for Android and iPhone that can be downloaded for free from the Apple App Store or Google Play Store.
On your PC or desktop, the MT4 mobile app provides an alternate trading option, allowing you to simply evaluate and manage your orders while on the road. Thousands of customers have given the mobile platform excellent feedback.
Clients get access to over 120 trading products on worldwide marketplaces from a single account. These markets are broken out as follows:
- Forex: There are 58 main and minor currency pairings available
- Commodities: silver, gold, and oil are among the ten metals and commodities available.
- 60+ multinational firms are represented, including Barclays, Shell, and Netflix.
- 14 worldwide indexes
- Cryptocurrencies: Inc. Bitcoin and Ethereum.
Spreads and commissions
Floating spreads are available on all account categories. Spreads and commissions, on the other hand, differ per account. During market openings and closings, as well as before major announcements, market spreads can expand considerably.
- Classic account: from 1.6 pips without commission.
- Pro account: from 1.1 pips no commission.
- ECN account: from 0.3 pips to 4 US dollars per side.
On all account kinds, traders can trade with up to 1: 500 leverage. Streams are not bound to give limited leverage to their subscribers because it is unregulated broker. While this might help you raise your earnings, it can also help you grow and expedite your losses. As a result, while trading with leverage, users should take caution.
Fortunately, This broker has a negative balance protection feature that ensures consumers don’t lose more money than they put in. Furthermore, all trading accounts have a 25 percent stop-out threshold and a 100 percent margin requirement.
Deposit and withdrawal processes are quick and safe, with different processing times. All of these may be found in the customer area of the broker:
- Credit and debit cards, (within 24 hours for EUR, USD, and GBP)
- Electronic wallets (within 24 hours only for EUR and USD)
- Bank Transfer (within 3-5 business days for EUR, USD, and GBP)
- Withdraw funds
- Electronic wallets (within 48 hours only for EUR and USD)
- Bank transfer (within 7-10 business days for EUR, USD, and GBP)
Depending on the account, the minimum deposit varies as well. The traditional account costs $100/€, the Pro account costs $1,000/€, and the ECN account costs $10,000/€.
All deposit and withdrawal procedures are thought to be commission-free. According to the official GoStreams website, the broker maintains the right to charge the client a 4% withdrawal fee at its discretion. The conditions under which this fee is charged are not mentioned.
Members can apply for a free trial account in their client area by giving their personal information and email address. You may then use a simulated virtual balance account to test out the MT4 platform and practice your methods without risking your real money. Furthermore, by sending an email to the broker with your demo account number and desired value, GoStreams.io allows you to adjust your demo account balance.
If you wish to run a demo and a genuine account at the same time, Streams lets you install the MT4 platform in two different directories on your computer, allowing you to use the platform from both your primary and backup accounts.
Streams Global Markets LLC, registered in Saint Vincent and the Grenadines under business number 219 LLC 2019, operates GoStreams.io, an offshore broker. The broker, on the other hand, does not have an official license to provide financial services and is not regulated by any financial body.
This implies that your funds and interests will not be as safe as they would be with a registered broker. The broker is not obligated to compensate you if you lose money. Clients of FCA-regulated brokers, for example, are protected by up to £ 85,000 in compensation in the case of a broker’s insolvency. The broker’s trading circumstances are also regulated by the official license to reduce risks, such as reduced leverage and separate bank accounts.