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Starfish FX was founded in 2010 and went online in 2011. Starfish FX is managed under the group Starfish Markets Ltd. headquartered in the UK. The broker is regulated by the Federal Financial Supervisory Authority (BaFin) and licensed by the VFSC, Vanuatu. The company was established by a group of recognized finance professionals with more than 20 years of experience.
Trading conditions
Starfish FX clients can trade currencies, precious metals, indices, and stocks. If you want to start cooperation with the broker, you need just open an account. There are three types of accounts available to customers: VIP, Premium, and Star Prestige. Clients can also try their hand at a demo account. The broker offers advantageous spreads on major currency pairs and does not charge a commission when making a deposit. At the same time, the starting deposit is quite high - $2,000.
On the broker's website, there is the Resource Center section, which contains various training programs, webinars, as well as an economic calendar that will allow investors to keep up with the latest news from the financial world.
Trading platforms
Starfish FX offers clients one of the most popular trading platforms in the world – MetaTrader 4.
Support service
Starfish FX provides customers with a 24/7 support service. Traders can contact the support team by the toll-free hotline. Each trader is assigned to a personal manager from the moment of account registration.
Deposit and withdrawals
Clients can make a deposit to their Starfish FX trading account via wire transfer, credit cards, or Skrill electronic payment system. There is no information about the ways to withdraw money, as well as transfer terms on the broker's official website. Notably, the broker does not charge a commission for account replenishment.
Feedback
There are a lot of negative comments about cooperation with Starfish FX on the Internet. Moreover, the broker was accused of draining the deposit and freezing the trading account. Investors also complain about failures in the trading platform. Many traders call Starfish FX a Forex kitchen considering it not a reliable financial company. Some people say that in the first years of work, cooperation with the broker was at a high level. However, over the years, everything has changed for the worse.
Advantages and disadvantages
Pros:
- regulated broker
- time-proven trading platform
- demo-account
- personal manager
- no commission for making a deposit
Cons:
- high minimum deposit
- limited number of ways to deposit/withdraw money
- no bonuses, contest
- negative reviews
Conclusion
At first glance, the trading conditions provided by Starfish FX are quite attractive. However, judging by a high starting deposit, the broker is more focused on working with professional traders. However, savvy traders are unlikely to open an account with the broker due to many negative reviews. No one is willing to risk such a large amount. Before opening an account with a broker, study carefully the trading conditions and terms of cooperation.
