When you are looking to trade in forex, it is very important to trade with a reliable and trustable broker. In order to recognize a genuine and legit broker, one should follow various steps and research about the broker before actually investing your hard-earned money with them. The trade market is very difficult, making it hard for the investors to choose the reliable broker that will actually give the returns instead of scamming them and disappearing after taking the large sum of money.
There are several fake brokers existing in the forex market. One of the brokers here is Starkmarkets, which is said to be a fake broker and one should avoid dealing with it. Have a detailed view of Starkmarkets review and Starkmarkets Scam here-
About Starkmarkets Review-
Starkmarkets is considered to be a financial service provider. It is said to be located, regulated, and headquartered in Bulgaria. But some of the reports suggest that it has not been listed in the Bulgarian Financial Supervision Commission, clearly stating that it does hold any legal license. It deals with the CFD trading in a selection of more than 70 financial assets, stocks, commodities, forex, indices, and more to traders from all over the world. Starkmarkets claims itself to be a global leader in online trading, offering various benefits of trading opportunities. It claims to be an expert in the technical knowledge that will help you in an unparalleled trading experience.
Starkmarkets claim to offer their traders a wide range of trading tools and educational resources to help the new as well as experienced traders. The trading tools include Economic Calendar, Trading Signals, and more. Starkmarkets offers the accounts that are Bronze, Silver, Gold, and VIP with $1000 of the minimum deposit in the Bronze account and 1:200 of leverage. However, the originality of this information is not clear as it is not clearly mentioned on their site. The spreads and leverages are not good as compared to other brokers in the market. Also, some unusual fees are charged by this broker, which leads to doubts in the mind of investors. The payment options offered by Starkmarkets are Bank transfer, Credit/Debit cards, E-payments.
The trading platform used by the Starkmarkets is MT4 and MT5, that can be selected by the traders as per their choice. Starkmarkets does not include any USA clients making it at a high disadvantage. The limited account funding options restrict the investors to invest with this broker. Along with this, the spreads are not tight which can cause difficulty in trading.
Is Starkmarkets scam or Legit?
Although Starkmarkets presents itself as a reliable and genuine broker, it does not hold any legit license which makes it a potential scam broker. The investors here have no guarantee to get their funds back. The Starkmarkets hold a negative impression in the mind of investors. The lack of information about the trading information and regulation in their website has made the authorities say that you should avoid investing with Starkmarkets.