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.
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 | 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 |
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.
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 | ❌ |
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.
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 | ❌ |
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.
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).
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.
In recent years, the Middle East has emerged as a dynamic Forex trading hub, fueled by the region's growing economy, technological advancements, and increasing investor sophistication. This article explores the legality of Forex trading in key Middle Eastern countries.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?