STRCoin (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal from STRCoin (Imposter) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I retired last year of being strung along.
Pros: Risk management tools|Competitive fees|Clear documentation
Cons: Desktop app not available on Linux
I have been trying to close my account with STRCoin (Imposter) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Comprehensive tools|Clean UI|Segregated accounts|Stable platform
Cons: Account statements could be more detailed|Email notifications too frequent
I want to warn everyone about STRCoin (Imposter). They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Do not use STRCoin (Imposter) for anything serious. I used them for about ten months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Fast deposits|Full transparency|Regular platform improvements|Social trading features
Cons: Wish they had more educational resources|No fractional shares
I had a dispute with STRCoin (Imposter) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Fast support response|Risk management tools|Social trading features|Detailed reporting
Cons: Search feature is basic|Live chat only during business hours
KYC with STRCoin (Imposter) 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: Customizable dashboard|API access
Cons: Minimum deposit could be lower|Inactivity fee applies after 12 months
STRCoin (Imposter) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Responsive team|Transparent fees
Cons: Could offer more webinars|Withdrawal takes 1-2 business days
I was about to invest with STRCoin (Imposter) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
Do not be fooled by the professional-looking website. Behind the scenes, STRCoin (Imposter) is disorganized and incompetent. I found them through a forum discussion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Two-factor authentication|Good analytical tools|Multiple order types
Cons: Would like more payment methods|Minor UI glitches occasionally