Starfinex Review
3
Review
Fast Facts
Contact Info and Support
Traffic information
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About Starfinex
Starfinex does not hold any valid licenses with recognized financial regulators. The firm was previously registered in Saint Vincent and the Grenadines (SVG FSA), registration number 26045 IBC 2020, but this registration is no longer active and SVG FSA does not oversee forex activities (). No authoritative regulator such as FCA, CySEC, ASIC, NFA/CFTC, BaFin or similar lists Starfinex as authorized.
The broker offered MetaTrader 4, MetaTrader 5, and cTrader platforms, with minimum deposits reported as ranging from $5 to $500. Account types reportedly included Micro, Standard, Premium, ECN Pro, PAMM, and Star VIP, with maximum leverage up to 1:500, and spreads varying by account (e.g., Micro ~3 pips, Standard ~2 pips, Premium ~1.6 pips, raw spreads for VIP/Pro) and commission of $6 per lot on ECN Pro (). The broker also offered swap-free/Islamic account options ().
Starfinex provided trading in forex pairs, CFDs on stocks, indices, spot metals, energy commodities, and allegedly cryptocurrencies, with instruments numbering from “25+” currency pairs to broader offerings such as 62 pairs and 15 CFDs depending on source ().
The website has been inaccessible in recent years, and numerous user complaints cite issues with withdrawal refusals and customer service failures. Many traders reported inability to withdraw funds after depositing (). Transparency about fund security, segregation, hedging, negative balance protection, or investor compensation is absent in official documentation.
Pros and cons
Pros
- Low minimum deposit (as low as
$5) across some account types (). - Multiple trading platforms available (MT4, MT5, cTrader) ().
- Wide range of instruments including forex, CFDs, metals, indices, commodities, and cryptocurrencies (varying by source) ().
Cons
- No regulation by any recognized financial authority; prior SVG FSA registration is inactive and not forex-related ().
- Reports of website being offline and firm possibly out of business ().
- Numerous user complaints detailing withdrawal issues and lack of support ().
- Lack of transparency on fund protection measures, client segregation, hedging, EA rules, and negative balance protection.
