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Pros

Wide variety of forex pairs, including exotic currencies.
Competitive spreads with no commission on trades.
High leverage of up to 1:400 available for traders.

Cons

Unregulated offshore broker, posing a risk to fund safety.
Lack of transparency regarding minimum deposit requirements.
Limited customer support options and accessibility issues with the website.

StarFX broker Accounts

StarFX Account Type

StarFX offers various account types to cater to different trading needs. The available accounts include:

  • Standard Account
    • Minimum Deposit: Not specified
    • Maximum Leverage: Up to 1:400
    • Spreads: Starting from 1.3 pips
    • Commission: No commission on trades (except indices)
    • Features: Ultra-fast execution, negative balance protection, transparent trading environment.
    • ECN Account
      • Minimum Deposit: Not specified
      • Maximum Leverage: Up to 1:400
      • Spreads: Starting from 0.0 pips
      • Commission: $7 per lot traded
      • Features: Ultra-fast execution, in-depth market insights, negative balance protection, transparent trading environment.
      • Bronze Account
        • Minimum Deposit: $300
        • Maximum Leverage: Up to 1:400
        • Features: Suitable for beginners looking to enter the forex market.
        • Silver Account
          • Minimum Deposit: $1,000
          • Features: Additional features and benefits compared to the Bronze account.
          • Gold Account
            • Minimum Deposit: $3,000
            • Features: Aimed at more experienced traders seeking enhanced trading conditions.
            • Platinum Account
              • Minimum Deposit: $5,000
              • Features: Offers the best trading conditions and support services.

              StarFX Broker Account Opening Process

              Opening an account with StarFX is a straightforward process. Here are the steps to follow:

              • Visit the Website: Go to the official StarFX website.
              • Click on the Register Link: Find and click the “register” link on the homepage.
              • Fill in Required Details: Complete the registration form with the necessary personal information.
              • Upload Verification Documents: Provide any required documents for the companys verification process.
              • Choose Funding Option: Select your preferred funding method to deposit initial funds.
              • Fund Your Account: Make the minimum deposit as per the chosen account type and start trading.
              • Please note that the specific minimum deposit for the Standard and ECN accounts is not provided on their website.

StarFX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
StarFX Account