Abstract:Festar Global is a newly-established online forex and CFD broker allegedly registered in China, offering diversified trading instruments including forex currency pairs, stocks, indices, commodities. The information on Festar Globals website is minimal, even its real office address is not disclosed.
General Information
Festar Global is a newly-established online forex and CFD broker allegedly registered in China, offering diversified trading instruments including forex currency pairs, stocks, indices, commodities. The information on Festar Globals website is minimal, even its real office address is not disclosed.
Official Website Unavailable
Since Festar Globals official website cannot be accessible for the moment, we could only collect some related information from some broker review websites to get a rough idea of this broker.
Market Instruments
With Festar Global, traders can get access to a diversified range of trading products including forex pairs, stocks, commodities, indices, and more.
Minimum Deposit
Festar Global offers a Standard account for all investors, with the minimum deposit requirement of $500, almost twice the amount of the industry standard.
Leverage
The maximum trading leverage offered by Festar Global is up to 200:1. Since leverage can magnify gains as well as losses, inexperienced traders are not advised to use the too-high lever.
Minimum Trade Size
The minimum position size allowed by Festar Global is 0.01 lot, quite friendly to new traders.
Customer Support
Festar Global offers a poor customer support service and they can be only reached through an email: support@festarglobal.com. Other more common channels like a phone call and online chats are not available.
According to the Broker, The website (https://mcmarkets.com) is owned and operated by MAGIC COMPASS GLOBAL LIMITED and MAGIC COMPASS LTD. MAGIC COMPASS GLOBAL LIMITED is a registered entity in Seychelles registered at IMAD Complex, Office 12, 3rd Floor, Ile Du PORT, Mahe, Seychelles, Registration Number: 8434985-1
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