Today in our Strifor review, we talk about a Forex/CFD broker that claims to “Always Pay.” It also accrues interest on deposit balances, offers bonuses, and promotes trading conditions that are supposedly better than its competitors. However, most traders remain reluctant to trust this platform. Why? We decided to investigate and share our findings with you.
Key Features
- Company Name: 7 Lucky Trading (Mauritius) Ltd
- Website: https://strifor.org/
- Available Contacts: [email protected]; +230 463 7993
- Foundation: 2021
- Services: Forex/CFD trading
- License: №GB23202670 from Mauritius FSC
- Initial Deposit: from $0.0
From Sign-Up to Payout
The official website of Strifor looks quite decent. Well-chosen color schemes, attention-grabbing elements, high-quality images that are unlikely to be free — all these aspects make the design recognizable. Unfortunately, the broker’s content quality is lacking, seemingly created by non-professionals:
- Almost everything about the platform is crammed onto the homepage. As a result, to prevent visitors from wearing out their fingers while scrolling, the volume of material had to be significantly reduced. The outcome? A lack of useful information, but an excess of self-promotion.
- Regular blog posts are also an issue. It seems like the staff doesn’t have enough time to maintain it properly. For instance, there was a 27-day gap between the last two publications. Does this mean that nothing in February seemed worthy of even a short article?
- No dedicated section or pages were allocated for market overviews and available trading instruments. Instead, promotional campaigns took precedence — even though most regulators prohibit the use of bonuses.
That said, the registration process now closely resembles that of a properly regulated broker. It even includes verification of the entered email address and phone number. However, despite warnings that the company does not operate in the USA, EU, EEA, or UK, users from the UK can register without any issues.
The list of payment methods in the client area is also quite impressive. However, in reality, only a few options are available, and each country has its own specific selection. The only universally accessible method is cryptocurrency transfers. Strangely, during these transactions, no one seems to remember AML (Anti-Money Laundering) requirements, which are mandatory for any regulated broker.
Our Trading Experience With Strifor
One thing the broker doesn’t struggle with is its trading platform. The company uses MetaTrader 5 from MetaQuotes — a platform practically every trader knows. There’s no need to describe its features, pros, and cons in detail.
However, the trading conditions at Strifor tell a different story. Let’s start with the available account types:
- Basic — No minimum deposit requirement.
- Advanced — Minimum deposit of 10,000.
- Professional — Minimum deposit of 20,000.
- Islamic — Requires a balance of at least 2,000.
Whoever created this pricing structure forgot to specify the account currency. This leads to confusion — 10,000 in USD and 10,000 in JPY are completely different amounts.
Zero spreads and reasonable commissions might give traders hope for low trading costs. However, these hopes are quickly shattered by outrageous swap rates. You can check them on the contract specifications page. For instance, the swap for a short position on USD/JPY is a staggering 26.10%. This means that within just four days, a trader would have to pay back all the funds provided by the broker for margin trading. Now imagine using 1:500 leverage — any mid- or long-term strategy with this broker is impossible. Only intraday trading — hardcore style!
Interestingly, Strifor uses manipulative techniques. On the homepage, there’s a comparison table showing how its trading conditions supposedly outperform competitors. But this impression is misleading because only selected assets are included — ones where Strifor actually has an advantage. However, take the USD/JPY short swap as an example, and everything falls into place. While most competitors (whose blurred logos are still recognizable) charge -0.04%, Strifor charges -26.10% — over 650 times higher!
A few more questions for Strifor:
- The company claims to pay 18% interest on deposits. What is the source of this income? Strifor states that client funds are held in segregated accounts, meaning they shouldn’t be used for operational purposes. Yet no bank offers such high interest rates.
- With 1:500 leverage, does the company consider risk levels? Or does it not care that traders could wipe out their deposits within the first few trades?
- Most regulators prohibit brokers from using bonuses to attract and retain clients. Is Strifor aware of this? Do they plan to align their policies with industry standards?
- Strifor claims on social media that traders can receive compensation of up to €20,000. What compensation fund will cover these payments? Can the company provide documentation proving its participation in such a fund?
We couldn’t find answers to these questions anywhere — not on the broker’s website, not in its documents, and not in the client area. Support didn’t provide any explanations either. This suggests that not all of Strifor’s operations are transparent, and some of its claims are misleading.
The Reality Check
The presence of official registration and a valid license is one of the most crucial factors when choosing a trading platform. Strifor appears to have these aspects in order. The website states that the platform is owned by 7 Lucky Trading (Mauritius) Ltd, a company registered in Mauritius and operating under a license issued by the local financial regulator. A check in official registries confirms this information.
We can see that a company with this name was indeed registered in Mauritius on April 12, 2024, and on April 15, it received a Securities Dealer license from the Mauritius FSC, which allows it to engage in all asset-related operations except underwriting.
However, what we do not see in the official Mauritian documents is any connection between 7 Lucky Trading (Mauritius) Ltd and the broker Strifor. Nowhere in these records are there any references to the websites owned by the company or any mention of trade names. This means there is a possibility that the trading platform is using the details of a legitimate company without actually being registered under it. However, the broker’s website contains a PDF scan of the issued license, which almost dispelled our doubts.
Moreover, we have some interesting findings:
- Web archive snapshots show that in March 2024, Strifor claimed to be operated by Strifor LTD, registered in the Marshall Islands. By May, the platform was supposedly operated by 7 Lucky Trading (Mauritius) Ltd. If the company was indeed registered and licensed specifically for this broker, why choose a name that has no apparent connection to Strifor?
- The awards displayed on Strifor’s homepage were indeed given to a broker named Strifor. However, its website operates under strifor.biz, which is registered to Strifor SVG LLC, a company incorporated in Saint Vincent and the Grenadines in June 2024.
- The Terms & Conditions still state that the company operates under the laws of the Marshall Islands and resolves disputes in Marshall Islands courts.
So, which of these brokers is the real Strifor? Are they managed by the same team or different ones? If it’s all the same platform, why are there two different domains and registrations in multiple countries? Could one of them be a phishing copy of the other?
We could ask a dozen more questions trying to clarify the situation. However, one thing is certain: a truly legitimate and licensed broker wouldn’t raise so many doubts.
How Long Has Strifor Been in the Game?
The broker’s age is also of interest — especially since the company does not disclose its founding date. To determine this, we used WHOIS to check the domain registration date.
We found that the strifor.org domain was registered in November 2021. Based on web archive snapshots, the platform launched a few months later, in early 2022. Since then, the website’s design has changed slightly, but the domain was never resold. We can assume that Strifor’s history has been continuous since its domain registration.
However, this raises another question: if the company only received a license in 2024, on what legal basis was it providing brokerage services before that?
Extra Fraud Indicators
The online reviews of Strifor are also quite revealing. We found 259 reviews of strifor.org on Reviews.io and 37 reviews of strifor.biz on Trustpilot. It is reasonable to assume that these refer to the same broker. Another key observation: out of the 259 reviews on Reviews.io, more than 120 were posted in the last two months.
What does this indicate? Strifor is running an active online reputation management campaign to boost its image. Unsurprisingly, not a single negative review can be found among these nearly 160 (120+37) comments — suggesting that a significant amount of money was spent to order and publish positive feedback.
Additionally, many financial news websites have posted articles painting Strifor in a favorable light. Even some industry experts claim that dealing with this broker is relatively safe. However, others, considering the platform’s history, argue that starting operations without a license is a clear red flag for a scam, which will likely become evident over time.
For now, it seems that Strifor’s owners are working hard to make the project look credible — probably to accumulate as many client funds as possible.
Is Strifor the Right Fit?
Do we have enough evidence to label Strifor a scam? Probably not. However, the information on its official website, its trading conditions, and even its registration and licensing raise many red flags. This undermines traders’ trust in the platform — something that paid reviews are unlikely to restore. Given these concerns, we believe it is better to avoid working with this company and choose a broker whose reputation is unquestionable.
How can we even talk about fund security and safe trading on this platform? I deposited money, lost it within two weeks, and told their support agent I wouldn’t continue trading with them. The very next day, I started receiving calls from new scam projects! Do you know how many of them are out there? Where did they get my contact details? I strongly believe my former broker shared them. So, if they don’t care about client confidentiality, do you think they’ll care about fair trade execution or processing your withdrawal requests honestly? I highly doubt it.
I don’t even know how these Strifor scammers found me. They emailed me out of the blue, inviting me to trade. I thought it was a real chance to make some money, so I signed up. At first, I was making profitable trades, which encouraged me to keep investing… and I invested a lot. Little did I know they were just simulating the trading process. They don’t even have access to liquidity providers.
You can guess how this ended… all my money went into their pockets! Later, I found out that they started operating without a license. So really, nothing here should come as a surprise.
Strifor isn’t exceptionally bad or good – it’s just another average broker. Of course, it’s nowhere near the top brokers in the industry, but it does have some interesting features. One piece of advice: never leave positions open for more than 2-3 days – otherwise, swaps will eat up your profits.
Also, I’d like to ask the platform’s team to process withdrawals faster. I had to wait 13 days for my last one – 12 of which my request was just under review.