SDstar FX Spreads, leverage, minimum deposit Revealed

SDstar FX Information

　　SDstar FX, created in 2023 and registered in the Comoros, is not subject to any recognized financial regulations. It trades currencies, indices, stocks, and commodities using the MetaTrader 5 platform, with three actual account types and a demo account for practice. While it offers high leverage of up to 1:500 and reasonable spreads, the absence of regulatory control is a problem.

Pros and Cons

Is SDstar FX Legit?

　　SDstar FX is not a regulated broker. It says it is registered in Comoros, but this area does not have a recognized financial authority that oversees forex or brokerage services.

　　Whois data show that the domain sdstarfx.com was registered on August 1, 2023, and last updated on August 7, 2024. It will expire on August 1, 2027. The domain is currently “client delete prohibited,” “client renew prohibited,” “client transfer prohibited,” and “client update prohibited”.

What Can I Trade on SDstar FX?

　　SDstar FX provides trading in several asset types, including as currency pairs, indices, stocks, and commodities.

Account Type

　　SDstar FX offers three types of live accounts: Standard, Pro, and ECN, as well as a demo account for practice.

Leverage

　　SDstar FX offers leverage of up to 1:500 on its Standard account, 1:400 on Pro, and 1:300 on ECN. High leverage raises the potential for enormous profits, but it also increases the danger of significant losses, particularly in volatile markets; traders should utilize leverage with caution.

SDstar FX Fees

　　SDstar FX's trading fees are typically consistent with industry standards, with moderate spreads on Pro and ECN accounts, however, Standard accounts have slightly higher spreads.

Trading Platform

Deposit and Withdrawal

　　SDstar FX makes no mention of any deposit or withdrawal fees on its website. The minimum deposit is $100.