FOREXSTAR Forex Broker

FOREXSTAR Review SummaryFounded2020Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsCurrencies, stocks, and commoditiesDemo Account/LeverageUp to 1:1000Spread1.8 pips (Micro account)Trading Platform/Min Deposit$250Customer Support24/7 supportLive chat, contact formPhone: 44-12-3456789Email: info@forexstar.tradeAddress: 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 ConsPros Cons Many tradable productsUnregulated24/7 customer serviceUnstable website environmentWide spreadsIs 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 TypeMinimum DepositBase Currency OptionsMinimum Lot SizeMicro $250USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK0.01Premium $1,000VIP $10,000USDZero Fixed $500USD, EURLeverage 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 TypeLeverageMicro Up to 1:1000Premium VIP Zero Fixed Up to 1:500FOREXSTAR 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 TypeSpreadCommission 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.