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Star Forex

Cyprus|2-5 years|
Suspicious Scope of Business|High potential risk|

https://starforex.org/

Website

Rating Index

Contact

https://starforex.org/
1 Ayias Zonis Street Nicolaou Pentadromos Centre Block B, Limassol 3026, Cyprus
https://www.facebook.com/Trademiracle-109193841732510

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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40G

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Warning: Low score, please stay away!
Previous Detection : 2024-11-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Star Forex · WikiFX Survey

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Star Forex · Company Summary

Overview of Star Forex

Star Forex is an unlicensed brokerage firm registered in Cyprus. It specializes in forex trading. And other investment choices, including metals, indices, energies, and stocks, are also available. However, there is no email or phone number on its website. That could be an inconvenience if you need help with your account. Additionally, regulatory hurdles and lack of transparency about trading fees are other significant drawbacks.

Overview of Star Forex

Pros and Cons

Pros Cons
Plenty of investment choicesNo valid regulatory certificates
Multiple investment plansLimited information available on the public website about trading fees
User-friendly platform (MT5)Lack of transparency on customer service options

Is Star Forex Legit?

Star Forex currently does not hold any valid regulatory certificates. Although it is incorporated in Cyprus, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

Is Star Forex Legit?

What Can I Trade on Star Forex?

When you open a brokerage account with Star Forex, you've got plenty of options for investing. For example, you can diversify using forex, metals, indices, energies, and stocks.

More investment choices are a good thing, since you can easily build a well-rounded portfolio. But if you're looking for cryptocurrency, future, or ETFs, you won't find them here. Overall, you still have a good mix of investment options.

Tradable Instruments Supported
Forex
Stocks
Metals
Indices
Energies
ETFs
Fixed-income
Bonds
Crypto
What Can I Trade on Star Forex?

Investment Plans

Like some other brokerages, Star Forex tiers their accounts into four investment packages: silver, gold, diamond, and platinum. But according to limited information on the website, we can not figure out what features or benefits each package could have.

Investment Plans

Trading Platform

MT5 (MetaTrader 5) is available with Star Forex. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides excellent tools for various price analysis, use of algorithmic trading applications and copy trading.

Trading PlatformSupported Available Devices Suitable for
MT5Desktop, IOS and AndroidNovice and experienced investor
MT4
Proprietory Platform
Trading Platform

The Bottom Line

You can find a user-friendly online & mobile platform and a diverse range of investment options in Star Forex. However, its website lacks information on trading fees and customer support. And Lack of transparency is a huge barrier for beginning traders. Furthermore, Star Forex is not a trusted broker because it is not regulated by a financial authority with strict standards. Before choosing a brokerage, remember to consider risks and keep a close eye on fees.

FAQs

Is Star Forex safe?

Star Forex is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

Is Star Forex good for beginners?

Star Forex may be not a suitable platform of beginners bacause its website lacks customer support options.

What trading platforms are available for Star Forex clients?

Star Forex offers both online and mobile trading platforms (MT5).

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.

Broker Information

Company Name

Star Forex

Abbreviation

Star Forex

Regulatory Status

No Regulation

Platform registered country and region

Cyprus

Company website
Company address
  • 1 Ayias Zonis Street Nicolaou Pentadromos Centre Block B, Limassol 3026, Cyprus

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address

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Company Summary

Review

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