Northstar Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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Northstar kept asking me to investing gold and commodity on their platform. I don’t know where they got my phone number and email address. After reviewing its official website, I found that they have nothing but an anonymous website. This review here is to tell not to trade with or get involved with this company.
Northstar has garnered a mixed reputation in the financial services industry, particularly concerning its loan brokerage services. Users have reported a range of experiences, from quick access to funds for those with poor credit to significant dissatisfaction with customer service and the overall cost of borrowing. Notably, Northstar offers loans up to $3,000 without credit checks, which may appeal to high-risk borrowers. However, the high-interest rates and numerous complaints about service quality raise considerable concerns.
Note: It is essential to recognize that there are different entities operating under the Northstar name, which can lead to confusion. This review focuses on Northstar Brokers, a loan brokerage service, and aims for fairness and accuracy in presenting the findings.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (or Experience) | 6 |
| Trustworthiness | 2 |
| User Experience | 4 |
We rate brokers based on user feedback, expert opinions, and factual data.
Established in 2007, Northstar Brokers operates as a loan brokerage service primarily targeting individuals with poor credit histories. The platform allows users to apply for personal loans online, promising quick approvals and fund disbursements. Northstar Brokers does not adhere to any major regulatory body, which raises significant trust issues among potential borrowers. The platform does not offer traditional trading services like Forex or commodities but focuses solely on personal loans.
Account Conditions (4/10): Northstar Brokers offers loans without credit checks, which is a significant advantage for borrowers with poor credit. However, the high-interest rates and lack of transparency regarding fees significantly detract from the overall appeal. According to Finder Canada, borrowers should be cautious and read the fine print before proceeding.
Tools and Resources (5/10): While Northstar provides a simple online application process, the lack of additional resources or tools for borrowers is evident. There are no financial calculators or educational materials to help users understand the implications of borrowing from Northstar.
Customer Service and Support (3/10): Customer reviews indicate a pattern of poor service, with many users reporting difficulties in reaching customer support. According to the BBB, Northstar has an F rating and numerous complaints regarding unresponsive customer service.
Trading Setup (or Experience) (6/10): Users generally report a straightforward application process, but experiences vary greatly regarding the timeliness of fund disbursement. While some users receive funds quickly, others have reported delays and complications in receiving their loans, which can be frustrating.
Trustworthiness (2/10): The lack of regulatory oversight and the numerous negative reviews significantly undermine trust in Northstar Brokers. Many users have expressed concerns about hidden fees and overall borrowing costs, which can lead to borrowers paying back significantly more than they initially borrowed.
User Experience (4/10): Overall user experience is mixed. While the application process is relatively easy, the subsequent service and loan management leave much to be desired. Many users have voiced their frustrations online, indicating a need for Northstar to improve its customer service and transparency.
In conclusion, the Northstar review indicates that while the brokerage offers quick loans for those in need, the associated risks and negative feedback regarding customer support and transparency cannot be overlooked. Potential borrowers should carefully consider their options and explore other lenders before committing to a loan with Northstar Brokers.
