FX Stream is a corporate authorised representative of Eight Cap Pty Ltd., which is regulated by the Australian Securities & Investments Commission (ASIC) under license number 391441. Client funds are deposited into the Commonwealth Bank of Australia where we have multiple client accounts in various currencies and they are segregated from business operating funds, the company says.
Trading assets include 29 currency pairs, 4 commodities (Gold, Silver, Brent Oil and WTI Oil) and 8 global indices.
The website shows that the company provides its services through the popular MetaTrader 4 (MT4) platform that is available as a desktop version and as a mobile application for iOS and Android devices.
There are two types of accounts, which differ mainly in the offered spreads and commissions. Trading in the Standard account is without commission and provides variable spreads starting from 0.8 pips for the main currency pairs. The Raw account offers spreads close to zero at the expense of a commission of USD3.5 per traded lot. The required minimum deposit amount for both accounts is USD50. There is a comparison table that shows spreads for both accounts. The leverage can be lifted to 1:500. Customers can fund their accounts by bank transfer, credit/debit card, Skrill, UnionPay and Poli.
It should be noted that the links for opening a demo and a live account are broken. The link to the section for legal documents is also broken. The website has not been updated since 2019 and most likely the company has stopped working for some reason.