Score

1.55 /10
Danger

Five Star Forex

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

United Kingdom Payment License Revoked

Suspicious Overrun

High potential risk

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.29

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Five Star Forex Services Limited

Company Abbreviation

Five Star Forex

Platform registered country and region

United Kingdom

Company website

Facebook

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Five Star Forex · Company summary

Note: For some unknown reason, we cannot open Five Star Forexs official site (http://www.fivestar-forex.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

Five Star Forex, a trading name of Five Star Forex Services Limited, is allegedly a forex broker incorporated on 20 January 2010 and registered in the United Kingdom that claims to provide its clients with the state-of-the-art MetaTrader4 trading platform.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.

As for regulation, it has been verified that Five Star Forex does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.46/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Market Instruments

Five Star Forex advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.

Trading Platform Available

The platform available for trading at Five Star Forex is the worlds most widely used MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Customer Support

Five Star Forexs customer support can be reached by telephone: 4402085748700, email: Info@fivestar-forex.com, support@fivestar-forex.com. You can also follow this broker on social networks such as Facebook. Registered office address: 104 Ruislip Road, Greenford, Middlesex, England, UB6 9QH.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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User comment

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AdaGu
more than one year
Five Star Forex seems to have sold their website, but I don't know if it has commited frauds. Really wish it didn't!
Five Star Forex seems to have sold their website, but I don't know if it has commited frauds. Really wish it didn't!
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2022-12-13 11:13
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