WikiFX Scamwatch: Do Not Invest In Starek Forex!

StarekForex claims that with cutting edge technology, optimised trading conditions, and tailored client relationship management, they arm clients with the tools needed for success. Bold claims nonetheless, but the truth is that StarekForex is a scam, and WikiFX is going to prove it in the following review.

The fraudulent address right away proves that StarekForex is nothing else but a scam.

Is StarekForex a legitimate forex broker？

WikiFX would consider a legitimate broker to be one that is licensed to provide its services. That is not the case with StarekForex – the company pretends it is operating from Britain, but it does not hold a license with the regulatory body watching over the UK markets – the FCA.

Of course, the first thing one should do when a broker claims to be operating from somewhere is check with the regulatory body of the country and see if the company actually holds a license to be doing so. WikiFX did just that with the FCA register, and got the following result:

With no license, StarekForex cannot be operating from England as it claims. No license also means that a broker cannot prove it is not running a scam – and by lying about its regulation, StarekForex desperately needs to do just that, as the company cannot be said to be operating in good faith!

Furthermore, the clients of the company cannot make use of the regulatory benefits FCA-licensed firms can provide them with. These include, for example, access to guarantee funds, which pay out a compensation of up to 85 000 pounds per each affected person in the case of a broker going under. Additionally, companies are required to report on a daily basis on open and closed trades, which makes scammers unable to run their schemes without being easily tracked and fined appropriately.

Negative Comments

Here are the exposures related to StarekForex on WikiFX:

see all: https://exposure.wikifx.com/en/exposure/4007975127.html

And the following are the negative feedback from social media.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing.

You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

In addition, scam victims are advised to seek help directly from the local police or a lawyer.

Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a “recovery scam”.