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No Regulation
Score
1.40 /10
Danger
StarFXTrade
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
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Website
Score
Regulatory Index0.00
Business Index6.17
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
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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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
StarFX Trade Information
Founded in 2012 and with headquarters in the United Kingdom, StarFX Trade is an unregulated bitcoin trading website. The website presents several investment strategies with a minimum commitment of $500.
The several choices for investing in cryptocurrencies provide the main benefit. The uncontrolled condition is the main drawback since it raises serious hazards.
Pros and Cons
| Pros | Cons |
| High returns on investment plans | Unregulated |
| Multiple payment options including crypto | Minimum deposit of $500 |
| Various investment plans with different returns | Website currently inaccessible |
Is StarFX Trade Legit？
Acting without government control, StarFX Trade is an unregulated broker. Investors are really at risk from this lack of control since it increases the likelihood of dishonest behaviour and reduces their options in case of problems.
What Can I Trade on StarFX Trade？
StarFX Trade offers many popular digital assets for trading, including Bitcoin, Ethereum, Litecoin, and Ripple.
| Tradable Instruments | Supported |
| Bitcoin | ✔ |
| Ethereum | ✔ |
| Litecoin | ✔ |
| Ripple | ✔ |
| Forex | ❌ |
| Indices | ❌ |
| Commodities | ❌ |
Account Type
StarFX Trade offers four types of live accounts: Starter, Silver, VIP, and Golden. They do not provide demo accounts or Islamic accounts.The account opening process is straightforward.
| Account Name | Min. Deposit | Return Rate | Duration | Referral Commission | Suitable For |
| Starter | $500 | 30% | 7 days | 10% | Beginners |
| Silver | $5,000 | 40% | 14 days | 15% | Intermediate traders |
| VIP | $10,000 | 50% | 30 days | 20% | Advanced traders |
| Golden | $20,000 | 60% | 30 days | 25% | High-value investors |
Deposit and Withdrawal
The minimum deposit is $500, with payment methods including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Western Union, and MoneyGram.
Promotion
Encouraging users to grow their network for extra income, StarFX Trade provides a referral system whereby users can earn a 5% commission on profits from direct referrals (Level 1) and an extra 1% on the profits of second-tier referrals (Level 2).
Customer Support
StarFX Trade offers 7/24 customer support through phone and email.
| Contact Options | Details |
| Phone | +44 7537 175014 |
| support@squarefx.uk |
The Bottom Line
Though its absence of regulatory control is a major disadvantage, StarFX Trade offers high returns with diverse investment possibilities. High-risk traders wishing to make bitcoin investments will find it most appropriate.
FAQs
Is StarFX Trade safe？
No, it operates unregulated.
Is StarFX Trade good for beginners？
No, the high minimum deposit and risks make it unsuitable.
Is StarFX Trade good for day trading？
No, it is more focused on long-term investment plans.
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