Score

1.54 /10
Danger

SoarFX

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Website

Score

Regulatory Index0.00

Business Index7.22

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Broker Information

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Company Name

BLUESTAR INTERNATIONAL HOLDINGS LTD.

Company Abbreviation

SoarFX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

SoarFX · Company summary

For now, we could only piece together a rough picture of SoarFX by looking up some important information on other websites since this brokers official website (https://www.soarfx.com/) was not available.

General Information

SoarFX is a forex broker registered in the United Kingdom, not established that long, with its operating time of between two and five years. SoarFX is said to be operated by a company named BLUESTAR INTERNATIONAL HOLDINGS LTD.

The regulatory status of SoarFX is displayed as “No License”, as it has been verified that this broker is not authorized or regulated by any regulated authorities. Besides, SoarFX got a quite low score of 1.43/10 on WikiFX. Please be aware of the risk.

wikifx

Leverage

The leverage information is not mentioned. Leverage plays an important role in forex trading, as it can increase trading flexibilities, increasing profit potentials. However, it can also cause heavy fund losses, inexperienced are advised not to use too high leverage.

Trading Platform

Please note what SoarFX offers is not the leading MT4 or MT5 trading platform.

Deposit & Withdrawal

The minimum deposit required to invest with SoarFX is not disclosed. and this broker is vague on what payment processors it works with for clients to make a deposit and withdrawal.

Customer Support

For any inquiries, or trading-related problems, traders get in touch with SoarFX through the following channels:

Telephone: + 44-7513-110195

Email: support@soarfx.com

Risk Warning

Forex and Leveraged trading carries a high level of risks, and it is not suitable for all investors. Please note that the information contained in this article is for general information purposes only.

News

ExposureWikiFX Review: Plz Stay Away From the SoarFX!!!

Stay away from brokerage firms like SoarFX that are not authorized by national financial institutions.

WikiFX
2022-10-21 11:39
WikiFX Review: Plz Stay Away From the SoarFX!!!

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Comments

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xiaoy
more than one year
I mean, seriously, their spreads were sky-high, and the slippage was out of control. To top it off, their platform was a hot mess - I lost count of how many times I got disconnected mid-trade. It was like they were actively trying to sabotage me. Needless to say, my trading experience with them was an epic fail. I lost a ton of money and felt like I'd been scammed.
I mean, seriously, their spreads were sky-high, and the slippage was out of control. To top it off, their platform was a hot mess - I lost count of how many times I got disconnected mid-trade. It was like they were actively trying to sabotage me. Needless to say, my trading experience with them was an epic fail. I lost a ton of money and felt like I'd been scammed.
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2023-03-30 10:58
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