FOREXSTAR Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-15 11:40

Abstract：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.

FOREXSTAR Review Summary
Founded	2020
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Currencies, stocks, and commodities
Demo Account	/
Leverage	Up to 1:1000
Spread	1.8 pips (Micro account)
Trading Platform	/
Min Deposit	$250
Customer Support	24/7 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.

Pros and Cons

Pros	Cons
Many tradable products	Unregulated
24/7 customer service	Unstable 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.

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.

Account Type

　　FOREXSTAR offers variable account types:

Account Type	Minimum Deposit	Base Currency Options	Minimum Lot Size
Micro	$250	USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK	0.01
Premium	$1,000	USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK
VIP	$10,000	USD
Zero Fixed	$500	USD, EUR

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 Type	Leverage
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.