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5 STar Trading Platform

WikiFX | 2024-08-07 11:32

Abstract：Founded in 2020, 5 STar Trading Platform is an unregulated brokerage company registered in the United States. This firm boasts of its diverse tradable instruments. There are some complaints and negative reviews about this broker, which make this broker untrustworthy to trade with.

Note: 5 STar Trading Platform's official website: https://www.5starstradinginc.com/is currently inaccessible normally.

5 STar Trading Platform Information

Founded in 2020, 5 STar Trading Platform is an unregulated brokerage company registered in the United States. This firm boasts of its diverse tradable instruments. There are some complaints and negative reviews about this broker, which make this broker untrustworthy to trade with.

Is 5 STar Trading Platform Legit？

5 STar Trading Platform currently does not hold any valid regulatory certificates. Although it is incorporated in the United States, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

Downsides of 5 STar Trading Platform

Unavailable Website

5 STar Trading Platform's official website is currently inaccessible. It's anyone's guess whether it's still up and running.

Lack of Transparency

There is a notable lack of information about 5 STar Trading Platform available online. This lack of transparency can really dampen investors' enthusiasm.

Regulatory Concerns

Without regulatory certificates is an obvious disadvantage of some online brokerages. Before choosing a brokerage, remember to consider the risk involved.

Market Instruments

5 STar Trading Platform gives you plenty of options for investing. For example, you can diversify using:

Forex
Stocks
ETFs
Options
Crypocurrencies

More investment choices are a good thing. That makes it easier to shape your portfolio to fit your risk tolerance, needs and goals. But if you're looking for precious metals or futures, you won't find them here.

Customer Support

If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to customer support. You have multiple choices, including email (info@5strastrading.com) and phone (+1 973 3308848).

Negative 5 STar Trading Platform Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative 5 STar Trading Platform Reviews on WikiFX

As of now, there is one piece of 5 STar Trading Platform exposure in total.

Exposure 1. Tricked by TF

Classification	Others
Date	Feburary 29, 2024
Post Country	Indonesia

The user said that he was tricked by TF into that account. You may visit: https://www.wikifx.com/en/comments/detail/202402293442458667.html

Conclusion

Trading with 5 STar Trading Platform may undermine security as they have no valid regulatory certificates. It is better to choose regulated brokers with transparent operationsto ensure the safety of your investments. When comparing brokerages, keep the potential risks firmly in mind.

Broker Forex margin Forex trading

Related broker

No Regulation

5 STar Trading Platform

Company name：Bitcoin Explore Limited

Score

1.46

Website：https://www.5starstradinginc.com

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.46

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