Score

1.38 /10
Danger

5 STar Trading Platform

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.03

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

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

1G

40G

open now

Broker Information

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Company Name

Bitcoin Explore Limited

Company Abbreviation

5 STar Trading Platform

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
5 STar Trading Platform · Company summary

Note: 5 STar Trading Platform's official website: https://www.5starstradinginc.com/is currently inaccessible normally.

5 STar Trading Platform Information

Founded in 2020, 5 STar Trading Platform is an unregulated brokerage company registered in the United States. This firm boasts of its diverse tradable instruments. There are some complaints and negative reviews about this broker, which make this broker untrustworthy to trade with.

5 STar Trading Platform Information

Is 5 STar Trading Platform Legit?

5 STar Trading Platform currently does not hold any valid regulatory certificates. Although it is incorporated in the United States, 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 5 STar Trading Platform Legit?

Downsides of 5 STar Trading Platform

  • Unavailable Website

5 STar Trading Platform's official website is currently inaccessible. It's anyone's guess whether it's still up and running.

  • Lack of Transparency

There is a notable lack of information about 5 STar Trading Platform available online. This lack of transparency can really dampen investors' enthusiasm.

  • Regulatory Concerns

Without regulatory certificates is an obvious disadvantage of some online brokerages. Before choosing a brokerage, remember to consider the risk involved.

Market Instruments

5 STar Trading Platform gives you plenty of options for investing. For example, you can diversify using:

  • Forex
  • Stocks
  • ETFs
  • Options
  • Crypocurrencies

More investment choices are a good thing. That makes it easier to shape your portfolio to fit your risk tolerance, needs and goals. But if you're looking for precious metals or futures, you won't find them here.

Market Instruments

Customer Support

If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to customer support. You have multiple choices, including email (info@5strastrading.com) and phone (+1 973 3308848).

Customer Support

Negative 5 STar Trading Platform Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative 5 STar Trading Platform Reviews on WikiFX

As of now, there is one piece of 5 STar Trading Platform exposure in total.

Exposure 1. Tricked by TF

ClassificationOthers
DateFeburary 29, 2024
Post CountryIndonesia

The user said that he was tricked by TF into that account. You may visit: https://www.wikifx.com/en/comments/detail/202402293442458667.html

Conclusion

Trading with 5 STar Trading Platform may undermine security as they have no valid regulatory certificates. It is better to choose regulated brokers with transparent operationsto ensure the safety of your investments. When comparing brokerages, keep the potential risks firmly in mind.

User Reviews

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User comment

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Comments

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Desperado
more than one year
5 STar Trading Platform, the abominable scammer, closed the site after scamming the money away! I've called the police but they said it's hard to recover the loss ...... so horrible!
5 STar Trading Platform, the abominable scammer, closed the site after scamming the money away! I've called the police but they said it's hard to recover the loss ...... so horrible!
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2023-03-03 16:33
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