Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Star Forex

Cyprus Cyprus | 2-5 years |
Suspicious Regulatory License | 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

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Cyprus
Operating Period
2-5 years
Company Name
Star Forex
Company Website
Address
1 Ayias Zonis Street Nicolaou Pentadromos Centre Block B, Limassol 3026, Cyprus
Verified Site
About Us
Wiki Q&A
Comment

Users who viewed Star Forex also viewed..

CPT Markets

CPT Markets

8.53
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
CPT Markets
CPT Markets
Score
8.53
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
STARTRADER

STARTRADER

8.57
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
STARTRADER
STARTRADER
Score
8.57
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
Fortune Prime Global

Fortune Prime Global

8.58
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Fortune Prime Global
Fortune Prime Global
Score
8.58
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
fpmarkets

fpmarkets

8.88
Score
ECN AccountAbove 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
fpmarkets
fpmarkets
Score
8.88
ECN AccountAbove 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Verified Site

  • starforex.org
    103.20.212.215
    Server Location
    India India
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review 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.

Company Profile

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is it risky to trade with Star Forex?

Trading with Star Forex is associated with a high-risk profile. It operates without any valid financial regulatory oversight, which classifies it as an unregulated entity. This lack of a formal regulatory framework presents fundamental risks to investor capital and funds security.

04-02
United States

What regulatory licenses does Star Forex hold?

Star Forex does not hold any verified licenses from mainstream financial authorities. The broker is not regulated, meaning it operates without the investor protections, capital requirements, and dispute resolution mechanisms typically enforced by recognized regulators like CySEC, FCA, or ASIC.

04-02
United States

What is the full company name of Star Forex?

The entity's full name is Star Forex. It is registered in Cyprus and has been in operation for an estimated 2 to 5 years. Specific account details such as minimum deposit requirements and available leverage are not publicly disclosed on its profile.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States
View More
Post a Review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Share your experience

Required...

Submit Now
Write a Review
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com