Straight Through Processing LTD / stprofit.com has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After using Straight Through Processing LTD / stprofit.com for about ten months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: No hidden fees|Low minimum deposit|Demo account available
Cons: Inactivity fee applies after 12 months|Email notifications too frequent
Do not believe the bonus offer from Straight Through Processing LTD / stprofit.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a family member had a good experience and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Quick verification|Multi-device support|Multi-currency support
Cons: Website design could be more modern|Currency conversion fee exists
I closed a profitable position at Straight Through Processing LTD / stprofit.com and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Professional team|Market news feed|Personal attention|Good analytical tools
Cons: Minimum deposit could be lower
Customer support at Straight Through Processing LTD / stprofit.com seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Educational resources|Portfolio tracking tools
Cons: None so far|Currency conversion fee exists
Do not be fooled by the professional-looking website. Behind the scenes, Straight Through Processing LTD / stprofit.com is disorganized and incompetent. I found them while looking for alternatives to my previous provider and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Intuitive for beginners|Instant funding|Regular platform improvements
Cons: Nothing significant|None so far
After spending for roughly four months trying to make Straight Through Processing LTD / stprofit.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Regular platform improvements|Multi-device support|Intuitive for beginners|Real-time alerts
Cons: Research section could be deeper|Minor UI glitches occasionally
I was about to invest with Straight Through Processing LTD / stprofit.com but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Swiss Financial Market Supervisory Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
I experienced a security concern with my Straight Through Processing LTD / stprofit.com account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Transparent fees|Multi-currency support|Responsive team
Cons: No fractional shares
The onboarding at Straight Through Processing LTD / stprofit.com was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Two-factor authentication|Economic calendar
Cons: Inactivity fee applies after 12 months
KYC with Straight Through Processing LTD / stprofit.com is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Fast support response|Dividend tracking|Low minimum deposit
Cons: Limited cryptocurrency options