Company Profile
Company Profile
Review summary
| 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 | ||
| 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.
| Account Type | Spread | Commission |
| 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.
