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Score

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/10

STAR NET

United Arab Emirates United Arab Emirates | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://starnetfx.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

India India 3.12
Surpassed 15.70% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+44 2035751151
http://starnetfx.com/
Pyramid Centre - Office No 108 - Umm Hurair Rd - Oud Metha Dubai - United Arab Emirates.

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Arab Emirates
Operating Period
5-10 years
Company Name
STAR NET Limited
Customer Service Email Address
info@starnetfx.com
Contact Number
+442035751151
Company Website
Account
Biz Area
Website
Genealogy
Related Companies
Employees
Company Summary
Disclosure
Wiki Q&A
Comment

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Official Website

Website

  • starnetfx.com
    192.185.129.71
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Genealogy

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STAR NET

Related Companies

STAR NET LIMITED(New Zealand)
New Zealand
STAR NET LIMITED(New Zealand)
Deregistered
New Zealand
Registration No.801458
Established
Related sourcesWebsite Announcement
Employees

Company Profile

Company Profile

Review summary

Star Net FX Review Summary
Founded2018
Registered Country/RegionMauritius & UAE
RegulationNo regulation
Market InstrumentsForex, Commodities, CFDs, Indices, Stocks, Cryptos
Demo Account
Islamic Account
LeverageUp to 1:400
EUR/USD SpreadFrom 0.8 pips
Trading PlatformMT4, MT5, Web Platform, Mobile App
Minimum Deposit$200
Customer SupportPhone: +442035751151
Email: support@starnetfx.com

Star Net FX Information

Star Net FX was founded in 2018 and is registered in Mauritius and the UAE. It offers a wide range of trading instruments including forex, commodities, indices, stocks, and crypto, with leverage up to 1:400. While it provides popular platforms like MT4 and MT5 and offers demo and Islamic accounts, it is not regulated by major authorities.

Star Net FX's homepage

Pros and Cons

Pros Cons
Wide range of trading instrumentsNo regulation
Supports MT4 and MT5Limited transparency on company background
Offers demo and Islamic accountsHigh minimum deposit
No deposit/withdrawal fees

Is Star Net FX Legit?

Star Net FX is not a legitimate broker. It is registered in Mauritius and the UAE but does not hold a valid regulatory license from the FSC (Mauritius), DFSA (Dubai), or any other local authority. Major global regulators like the FCA (UK), ASIC (Australia), and NFA (USA) also do not license it.

No license

The domain starnetfx.com was registered on May 28, 2018, and will expire on May 28, 2028. It is currently in a locked status that prevents deletion, renewal, transfer, or updates.

Domain information

What Can I Trade on Star Net FX?

Star Net FX offers trading in currency pairs, commodities, indices, stocks, crypto pairs, and CFDs.

Tradable Instruments Supported
Forex
CFDs
Commodities
Indices
Stocks
Cryptos
Bonds
Options
ETFs
What Can I Trade on Star Net FX?

Account Type

Star Net FX offers three types of live accounts: Micro, Mini, and Standard. Additionally, it provides demo accounts for risk-free practice and Islamic accounts for traders following Sharia law.

Account TypeMinimum DepositMaximum LeverageSpreadSuitable for
Micro$2001:400From 2 pipsBeginners, small traders
Mini$1,0001:200From 1.5 pipsIntermediate traders
Standard$5,0001:100From 1.2 pipsExperienced traders
Islamic Account///Traders needing Sharia-compliant accounts
Demo AccountFree//Practice, strategy testing
Account comparison

Leverage

Star Net FX offers maximum leverage up to 1:400 (Micro account), 1:200 (Mini account), and 1:100 (Standard account). Note that high leverage can amplify not only profits but also losses.

Star Net FX Fees

Star Net FXs fees are about average compared to industry standards, not the cheapest, but also not the most expensive.

SymbolMT4MT5
Minimum SpreadTypical SpreadMinimum SpreadTypical Spread
EUR/USD0.80.90.80.9
GBP/USD0.810.81
USD/JPY0.91.10.91.1
USD/CHF11.311.3
AUD/USD11.211.2
NZD/USD0.61.60.61.6
Star Net FX spreads

Swap Rates

Star Net FX offers Islamic accounts specifically designed for traders who follow Sharia law, featuring no interest and no swap fees. These accounts allow clients to hold overnight positions without paying or earning interest, ensuring compliance with Islamic finance principles.

Swap Rates

Non-Trading Fees

Non-Trading Fees Amount
Deposit Fee 0
Withdrawal Fee 0
Inactivity Fee Not mentioned

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4 (MetaTrader 4)Desktop, Android, iOS, Web, TerminalBeginners
MT5 (MetaTrader 5)Desktop, Android, iOS, Web, TerminalExperienced traders
Web PlatformBrowser (PC, Mac, Mobile)/
Mobile App (Star Net FX)Android, iOS /
MT5 platform

Deposit and Withdrawal

Star Net FX does not charge any deposit or withdrawal fees. The minimum deposit amount is $200.

Payment MethodsMinimum AmountFeesProcessing Time
Mastercard50 EUR0Instant
Indian Net Banking1,500 INR1–5 minutes
Tether TRC-2050 USDT3–30 minutes
Tether ERC-20
India Cash500,000 INR1–3 hours
Bitcoin0.00037 BTC3–30 minutes
Neteller50 EURInstant
PhonePe1,500 INR
Litecoin0.3 LTC3–30 minutes
Ethereum0.02 ETH
Dogecoin230 DOGE
UPI1,500 INRInstant
Deposit and Withdrawal

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is it risky to trade with STAR NET?

Trading with STAR NET Limited presents a very high-risk profile. Its lack of any valid regulatory licensing across major jurisdictions means client funds are not protected by formal compensation schemes, trading operations are not subject to oversight, and investors have no official recourse in the event of a dispute. This fundamental regulatory vacuum elevates the inherent risks of trading.

Two days ago
United States

Is STAR NET regulated?

STAR NET Limited operates without any verified regulatory licenses for forex and CFD trading. It is an unregulated entity, meaning it does not hold authorization from prominent authorities like the UK's FCA, Australia's ASIC, or CySEC. Consequently, there is no authoritative body supervising its business practices or safeguarding client assets.

Two days ago
United States

What is the full company name of STAR NET?

The broker operates under the full name STAR NET Limited. The company is registered in the United Arab Emirates and has been operating for 5-10 years. However, its business scope is flagged as suspicious, adding significant uncertainty to its operational legitimacy.

Two days ago
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Two days ago
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

Two days ago
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Two days ago
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

Two days ago
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

Two days ago
United States
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