Home -

Main body -

WikiFX Express

Exness

Star Forex

WikiFX | 2024-08-07 18:23

Abstract：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

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.

Pros and Cons

Pros	Cons
Plenty of investment choices	No valid regulatory certificates
Multiple investment plans	Limited 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.

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	❌

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.

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 Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, IOS and Android	Novice and experienced investor
MT4	❌
Proprietory 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.

Forex trading Learn basic forex Forex Chart Forex Broker

Related broker

No Regulation

Star Forex

Company name：Star Forex

Score

1.39

Website：https://starforex.org/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.39

Never Heard of Dynasty Trade? Here's Why You Should Be Worried

Have you heard this name before? No , it’s time you do because staying unaware could cost you. This platform is currently active in the forex trading and has been linked to several suspicious activities. Even if you’ve never dealt with it directly, there’s a chance it could reach out to you through ads, calls, messages, or social media. That’s why it’s important to know the red flags in advance.

Original 2025-07-25 19:50

Want to Deposit in the EVM Prime Platform? Stop Before You Lose It ALL

Contemplating forex investments in the EVM Prime platform? Think again! We empathize with those who have been bearing losses after losses with EVM Prime. We don't want you to be its next victim. Read this story that has investor complaints about EVM Prime.

Original 2025-07-25 19:43

WEEKLY SCAM BROKERS LIST IS OUT! Check it now

If you missed this week's fraud brokers list and are finding it difficult to track them one by one — don’t worry! We’ve brought together all the scam brokers you need to avoid, all in one place. Check this list now to stay alert and protect yourself from fraudulent brokers.

Original 2025-07-25 18:42

Catch the Latest Update on BotBro & Lavish Chaudhary

BotBro, an AI-based trading platform, became popular in India in 2024—but for negative reasons. Its founder, Lavish Chaudhary, who gained a huge following by promoting it heavily on social media. Since then, he has become well-known, but for many controversies. Let’s know the latest update about Botbro & Lavish Chaudhary.

Original 2025-07-25 18:28