OptionStarsGlobal is an unlicensed forex and CFD broker that allows investors to trade CFDs in forex, commodities, stocks and indices.
The Financial Conduct Authority (FCA) has issued a statement warning investors against trading with OptionStarsGlobal, which all traders should be aware of and read carefully.
Find out all you need to know about OptionStarsGlobal in our full review below and read our verdict at the end on whether this CFD broker is a scam or not.
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OptionStarsGlobal provides a selection of three different trading account for investors to choose from. The most obvious problem when looking at these accounts is the minimum deposit required to open each account. The minimum deposit starts at $25,000 which is a ridiculously massive starting deposit – especially for complete beginners.
Due to the massive deposits required, OptionStarsGlobal makes us believe they are not a broker catered for beginners – even though they explicitly claim that their accounts are “for traders of all levels and experience”. This is simply not true, since no beginner would ever invest as much as $25,000 to just begin trading.
When looking through the rest of their website, they mention at certain areas that the minimum deposit is $250 – which is an obvious confusion and inconsistency in information provided. It has remained unclear what the minimum deposit to begin trading with OptionStarsGlobal really is – even though we believe it is more likely to be $250, as $25,000 is a ridiculous amount to require from investors just to begin.
The second big problem when it comes to the OptionStarsGlobal accounts is that there is no mention of any trading conditions like leverage, spread, or even the minimum investment amount required to open a trade. This is very important information for all traders to know when picking an account or even a broker. Different brokers offer different trading conditions and investors should know what these are and be able to compare.
Warning: This lack of transparency and information consistency are huge red flags when it comes to OptionStarsGlobal and an immediate sign that this company is not to be trusted.
Check out the 3 accounts listed below with the limited information provided for each account.
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OptionStarsGlobal gives investors the ability to trade CFDs in major financial markets including forex, stocks, commodities and indices. Their official website is incredibly vague, so our team could not gather that much information on actual trading conditions and exact assets available at the OptionStarsGlobal platform.
The CFD broker provides a simple, web-based trading platform for investors to place their trades. This platform can be accessed directly through your web browser, which means no downloads or installations are needed. All you need is a good internet connection and to visit the official OptionStarsGlobal website, where you can access their web trader directly.
If you prefer to trade on-the-go through your mobile device or tablet, you can also download the OptionStarsGlobal app. Their official app can be found in the App Store and Google Play, which means it is available for both IOS and Android operating systems.
Unfortunately, OptionStarsGlobal does not have access to the infamous MetaTrader4 (MT4) trading platform. This is another disappointment, as MT4 is the most downloaded and recognizable online trading platform.
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Users can reach the OptionStarsGlobal customer support team via email or their UK number. The CFD broker does not have a live chat option available.
If you prefer to not contact the broker directly, you can always check out their FAQ section on their website, which answers several basic questions.
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OptionStarsGlobal accepts several payment methods, including credit card (Visa, MasterCard, Maestro), Neteller, Diners Club, Skrill, Paysafe Card and standard bank transfers.
There seems to be no mention on their website of which company is behind OptionStarsGlobal and operates the business. This is another huge red flag that shows their complete lack of transparency as a company.
Through our careful and thorough review of this CFD broker and taking into consideration the warning statement issued by the FCA, we have confidently concluded that OptionStarsGlobal is a scam and should not be trusted under any circumstances.
This broker is unlicensed, with an especially vague website that provides no consistent information or even the name of the company that owns and operates OptionStarsGlobal.
Instead of wasting your time with more scam companies, check out our list of the top, fully-licensed brokers that you can trust.
We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!
