Star Net FX

Star Net FX Information

Star Net FX was founded in 2018 and is registered in Mauritius and the UAE. It offers a wide range of trading instruments including forex, commodities, indices, stocks, and crypto, with leverage up to 1:400. While it provides popular platforms like MT4 and MT5 and offers demo and Islamic accounts, it is not regulated by major authorities.

Pros and Cons

Is Star Net FX Legit?

Star Net FX is not a legitimate broker. It is registered in Mauritius and the UAE but does not hold a valid regulatory license from the FSC (Mauritius), DFSA (Dubai), or any other local authority. Major global regulators like the FCA (UK), ASIC (Australia), and NFA (USA) also do not license it.

The domain starnetfx.com was registered on May 28, 2018, and will expire on May 28, 2028. It is currently in a locked status that prevents deletion, renewal, transfer, or updates.

What Can I Trade on Star Net FX?

Star Net FX offers trading in currency pairs, commodities, indices, stocks, crypto pairs, and CFDs.

Account Type

Star Net FX offers three types of live accounts: Micro, Mini, and Standard. Additionally, it provides demo accounts for risk-free practice and Islamic accounts for traders following Sharia law.

Leverage

Star Net FX offers maximum leverage up to 1:400 (Micro account), 1:200 (Mini account), and 1:100 (Standard account). Note that high leverage can amplify not only profits but also losses.

Star Net FX Fees

Star Net FXs fees are about average compared to industry standards, not the cheapest, but also not the most expensive.

Swap Rates

Star Net FX offers Islamic accounts specifically designed for traders who follow Sharia law, featuring no interest and no swap fees. These accounts allow clients to hold overnight positions without paying or earning interest, ensuring compliance with Islamic finance principles.

Non-Trading Fees

Trading Platform

Deposit and Withdrawal

Star Net FX does not charge any deposit or withdrawal fees. The minimum deposit amount is $200.