StarFX Review
Regulated by: None
Headquarters: Seychelles
Ranking: 39
Spread: 0.6 pips (EURUSD)
Leverage: 400:1
Minimum Deposit: Unkown
StarFX Review & Author's Comment
StarFX Review & Author's Comment
Founded in 2018, StarFX is owned and administrated by a company named Trading Bulls Ltd which is located in Seychelles. The Company is not regulated by any financial regulators and headquartered in an off-shore country. Therefore, StarFX dives very deep down in the ocean in terms of reliability. Since reliability is my first and most important criteria for choosing a forex broker, I strongly de-recommend opening account and trading with this company.
Nevertheless, let’s try to go further in our review and see what StarFX offers in terms of spread, trading instruments, platforms and payment methods. StarFX spreads are not high compared to other brokers with spreads going as low as 0.6 pips for EURUSD on standard account. By the way, I think StarFX offers no other option but standard account. Trading instruments are limited; forex, some precious metals and CFDs. At this point, I should say that the website is nothing close to being informative. It is very hard to find details about trading instruments and spreads on the Company’s website.
I am not intending to open a trading account and trade with this broker, neither I recommend any forex trader to do so. Please check the brokers towards the top of list for a reliable forex broker.
| Broker Detail | |
|---|---|
| Adress: | Trading Bulls Ltd, Trident Chambers 1388, Capital City Building, Victoria, Mahé, Seychelles |
| Phone: | +08001004543 |
| Web: | http://www.starfx.com |
| E-Mail: | Unknown |
| Regulator: | None |
| Year Founded: | 2018 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: | |
| Cryptocurrencies: |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Credit Card, Skrill, Neteller |
| Withdrawal Methods: | Wire Transfer, Credit Card, Skrill, Neteller |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | English, Spanish |
| Platforms | |
|---|---|
| Supported Platforms: | MetaTrader 4 |
| Webtrader: | |
| Mobile: | IOS, Android |
| Trading | |
|---|---|
| Leverage: | 400:1 |
| Spreads: | As low as 0.6 pips for EURUSD on Standard Account |
| Minimum Deposit: | Unknown |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: | |
| Accepts Clients from the US: | |
| Bonus: |
StarFX Review
StarFX Review
- Deposit & Withdrawal - 4/104/10
- Bonus - 2.5/102.5/10
- Customer Support - 2.6/102.6/10
- Overall Trading Conditions - 3/103/10
Summary
StarFX is not regulated and headquarterd in an off-shore island. This drives reliabilty score to zero. Poor customer support and trading conditions.