Star Capital is a forex broker that is supposedly located in Commonwealth of Dominica. In the review below, we take an in-depth look at the features srcapital.io allegedly offers. This review basically answer the questions: is Star Capital legit? Is Star Capital good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about Star Capital.
Table of Contents
Star Capital Trading Platform
The website is built with a set of less than average visuals, part of it also feels empty as necessary and required information isn’t provided. At first glance the broker claims that it supports the MT4 trading platform. After registration and proceeding to the software, we found that claim to be a lie.
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They claim they offer assets such as Forex (with leverages up to 1:400) CFDs, Indices, Stocks, and Precious metals.
Star Capital Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has nomention of account types.
StarCapitals Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
After registration and accessing the depositing area, it revealed that the only depositing methods are Credit cards, Debit cards and Bitcoin.
We would like to remind you that transaction through bitcoin are irreversible
The minimum deposit via cards is $200.
When we through the main legal documents, we discovered that there are many o fees and taxes that reoccur. Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is Star Capital Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This broker is located in the Commonwealth of Dominica. Dominican republic is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others.
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Srcapital.io as they don’t give any information concerning if they are a regulated broker.
Srcapital.io is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.
