Starfinex-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-11-25 17:03

Abstract：Starfinex is a forex and CFD broker registered in Vietnam, offering various currency pairs and CFDs on stocks, indices, spot metals and energy commodities trading through the MT4 and MT5 platforms. However, Starfinex operates without regulatory oversight from any reputable financial body.

Note: Starfinex's official website: https://starfinex.com is currently inaccessible normally.

StarfinexReview Summary
Founded	/
Registered Country/Region	Vietnam
Regulation	Unregulated
Market Instruments	Currency pairs and CFDs on stocks, indices, spot metals and energy commodities
Demo Account	/
Leverage	Up to 1:500
Spread	Floating around 2 pips (Standard account)
Trading Platform	MT4/5
Min Deposit	$5
Customer Support	Email: support@starfinex.com
Customer Support	Address: 9th floor, Kham Thien Building,195 Kham Thien, Dong Da, HaNoi

Starfinex is a forex and CFD broker registered in Vietnam, offering various currency pairs and CFDs on stocks, indices, spot metals and energy commodities trading through the MT4 and MT5 platforms. However, Starfinex operates without regulatory oversight from any reputable financial body.

Pros and Cons

Pros	Cons
Diverse trading choices	Unregulated status
Variety of account types	Inaccessible website
Micro accounts offered	Wide spreads
Commission-free for most account types	Only email support
MT4 and MT5 supported
Popular payment options
Low minimum deposit/withdrawal
No fees for deposits and withdrawals

Is Starfinex Legit?

No, Starfinex is not regulated currently. Please be aware of the risk!

What Can I Trade on Starfinex?

Starfinex offers 62currency pairs and 15 CFDs on stocks, indices, spot metals and energy commodities.

Currency pairs: South African Rand, Turkish Lira, Singapore Dollar, Swedish Krona, Russian Rubble, Polish Zloty, Norwegian Krone, Mexican Peso, Hungarian Forint, Honk Kong Dollar, Danish Krone, Czech Krona and Chinese Yuan.

Tradable Instruments	Supported
Currency pairs	✔
CFDs	✔
Spot metals	✔
Energy commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Starfinex offers six live account types, including Micro, Standard, Premium, ECN Pro, PAMM and Star VIP account.

Account Type	Min Deposit
Micro	$5
Standard	$50
Premium	$100
ECN Pro	$100
PAMM	$1 000
Star VIP	$10 000

Additionally, Starfinex offers a swap-free, Islamic account, where no interest is incurred on positions left open overnight.

Leverage

Starfinex offers different maximun leverage for different account types, as follows:

Account Type	Max Leverage
Micro	1:500
Standard	1:400
Premium	1:300
ECN Pro	1:200
PAMM	1:200
Star VIP	1:200

Spread and Commission

Starfinex offers different spreads for different accounts, without a commission on the trade.

For the ECN Pro Account, however, Starfinex takes a commission of 6 USD per traded lot.

Account Type	Spread	Commission
Micro	3 pips, floating	❌
Standard	2 pips, floating	❌
Premium	1.6 pips, floating	❌
ECN Pro	Raw	6 USD per traded lot
PAMM	1 pip, floating	❌
Star VIP	Raw	❌

Trading Platform

Starfinex provides traders with three trading platforms to choose from, MT4, MT5, and web-based trading platforms.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	/	Beginners
MT5	✔	/	Experienced traders
Web-based	✔	Web	/

Deposit and Withdrawal

Clients of Starfinex can deposit or withdraw via Visa, Mastercard, Maestro, wire transfer, Bitcoin, Skrill and Neteller. There are nowithdrawal processing fees of any kind, and the minimum withdrawal amount of just $5 is pretty negligible.