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FOREXSTAR -

Score

1.33 /10
Danger

FOREXSTAR

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://forexstar.trade

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Score

Regulatory Index0.00

Business Index5.63

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

FOREXSTAR

Company Abbreviation

FOREXSTAR

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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FOREXSTAR · Company summary
FOREXSTAR Review Summary
Founded2020
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsCurrencies, stocks, and commodities
Demo Account/
LeverageUp to 1:1000
Spread1.8 pips (Micro account)
Trading Platform/
Min Deposit$250
Customer Support24/7 support
Live chat, contact form
Phone: 44-12-3456789
Email: info@forexstar.trade
Address: Suite 305, Griffith Corporate center, KingstownSt. Vincent and the Grenadines

FOREXSTAR, established in 2020 in Saint Vincent and the Grenadines, operates as an unregulated brokerage firm. Its minimum deposit starts at $250. However, the website's poor functionality, characterized by non-functional links and a missing download section for its trading platforms and fees.

ForexStarts homepage

Pros and Cons

Pros Cons
Many tradable productsUnregulated
24/7 customer serviceUnstable website environment
Wide spreads

Is FOREXSTAR Legit?

FOREXSTAR is not regulated.Additionally, forexstar.trade was registered on October 24, 2020. Its status is currently clientTransferProhibited, which means that the domain cannot be transferred to another registrar without the owners permission.

Domain information

What Can I Trade on FOREXSTAR?

On the FOREXSTAR, you can trade various assets, including:

  • Forex Currency Pairs:

- Major Pairs: These include currencies such as the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP). Common pairs include USD/EUR, USD/JPY, and GBP/USD.

- Cross Pairs: Pairs that do not involve the USD, such as EUR/JPY and GBP/CHF.

  • Stocks:

You can trade shares from various companies listed on major stock exchanges, including NYSE and NASDAQ.

  • Commodities:

- Hard Commodities: This includes natural resources like crude oil, gold, silver, and various metals.

- Soft Commodities: Agricultural products such as rice, wheat, and other staple crops.

What Can I Trade on FOREXSTAR?

Account Type

FOREXSTAR offers variable account types:

Account TypeMinimum DepositBase Currency OptionsMinimum Lot Size
Micro $250USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK0.01
Premium $1,000
VIP $10,000USD
Zero Fixed $500USD, EUR
Account comparison

Leverage

FOREXSTAR offers leverage from 1:500 to 1:1000 to their accounts. High leverage can make a larger profit, but can make a loss at the same time.

Account TypeLeverage
Micro Up to 1:1000
Premium
VIP
Zero Fixed Up to 1:500

FOREXSTAR Fees

FOREXSTAR offers different spreads for each account. In general, the spread starts from 0 pips. Besides, it also charges commission for the Zero Fixed account, but specific fees are not disclosed on their website.

Account TypeSpreadCommission
Micro 1.8❌
Premium 1.6❌
VIP 1.4❌
Zero Fixed 0.0✔

Deposit and Withdrawal

FOREXSTAR accepts VISA, MasterCard, SWIFT and bank transfer to deposit and withdraw.

Payment options

User Reviews

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User comment

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Comments

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dfghvb
more than one year
Disappointed with FOREXSTAR broker. I've faced 'connection issues' for the third time in less than a month. No trouble logging into any other website, so it's not my internet. If you have open positions, the risk is significant.
Disappointed with FOREXSTAR broker. I've faced 'connection issues' for the third time in less than a month. No trouble logging into any other website, so it's not my internet. If you have open positions, the risk is significant.
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2024-01-12 18:58
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A 狼
more than one year
Even though I haven't seen anyone claiming to have been scammed by FOREXSTAR, I would advise everyone to be vigilant because the company doesn't seem reliable enough when it comes to security.
Even though I haven't seen anyone claiming to have been scammed by FOREXSTAR, I would advise everyone to be vigilant because the company doesn't seem reliable enough when it comes to security.
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2023-03-09 10:56
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