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Starfinex review

Starfinex review: regulation (Australian Financial Services License (AFSL)), minimum deposit 5, leverage up to 1:500, platforms and current bonuses.

Open account
Minimum deposit5
Max. leverage1:500
Spread from1 pip
Founded2017

Trading conditions

Broker type
STP/ECN
Minimum deposit
5
Maximum leverage
1:500
Minimum spread
1 pip
Platforms
MetaTrader 4, MetaTrader 5, WebTrader, Mobile Trading
Account currencies
USD

Bonuses

No deposit bonus
No
Welcome bonus
Yes
Other promotions
Yes

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
Yes
Segregated funds
Yes
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, etc.
Withdrawal methods
Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, etc.

Company

Regulation
Australian Financial Services License (AFSL)
Founded
2017
Country
Hong Kong
Website languages
English
Phone
+66 61 832 2758

Starfinex pros and cons

Pros

  • Regulated by Australian Financial Services License (AFSL)
  • Low minimum deposit: 5
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account
  • Trading platforms: MetaTrader 4, MetaTrader 5, WebTrader, Mobile…

Cons

  • No no-deposit bonus at the moment
  • Leverage up to 1:500 magnifies losses as well as profits
  • Conditions and bonuses can differ by regulated entity

Starfinex FAQ

Is Starfinex a safe and regulated broker?

Starfinex was founded in 2017 and is regulated by Australian Financial Services License (AFSL). Client funds are held in segregated accounts. Your protection depends on which Starfinex entity opens your account.

What is the minimum deposit at Starfinex?

The minimum deposit at Starfinex is 5. Payment providers may set their own minimum amount.

What is the maximum leverage at Starfinex?

Starfinex offers leverage up to 1:500. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does Starfinex offer a no deposit bonus?

No. Starfinex does not currently offer a no deposit bonus. It offers a welcome promotion: Yes. See our forex no deposit bonus list for brokers that do.

Which trading platforms does Starfinex offer?

Starfinex supports MetaTrader 4, MetaTrader 5, WebTrader, Mobile Trading. Mobile trading is available.

Does Starfinex allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does Starfinex offer an Islamic (swap-free) account?

Yes. Starfinex offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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Starfinex – NoOpen account