FBO does not recommend trading with this broker at the moment, as it hasn’t been tested yet! Please trade with a safe broker instead!
StarfishFX claims to be a super broker with high integrity and according to their website, the main reason why this brokerage company is created is a wish for better service in financial markets. They promise great returns and trading experience.
Find out more about it in StarfishFX review.
StarfishFX has created several accounts for binary options traders. However, it is important to mention how this broker allows traders only to open forex account first and then trade binary options from there.
As it can be seen in StarfishFX review, this broker has fairly high deposit limits. This makes it unsuitable for beginners and less experienced traders. However, in StarfishFX review was noted that this broker has a demo account available for all traders who want to test the trading platform. The fictional amount available for demo trading is $10,000. Good news is that demo account has to the expiry date.
This broker has very specific rules regarding forex bonuses, however, doesn’t state anything about bonus requirements when binary options are traded.
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Software that is used on StarfishFX is MetaTrader4. MetaTrader4 requires download and some time to get used to, as more and more brokers opt for trading solutions that don’t have to be installed on the personal computer. MetaTrader4 is a reliable platform, but it can be complicated for traders who are experiencing binary options for the first time.
In StarfishFX review, it was found out how this broker has a very confusing website. The homepage is full of information, and sometimes it can be hard to navigate and find what trader really needs. Better organization of the materials available on the website would be a great improvement.
When it comes to binary trading, StarfishFX only supports high/low binary options. Greater variety is necessary as traders are looking for diversified trading opportunities nowadays.
Besides desktop trading platform, StarfishFX developed several apps for tablets and smartphones.
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In order to contact StarfishFX, traders can use two phone numbers (one for Asia and one for New Zealand) or email. It would be great if this broker added a live chat or skype functionality for more convenient contact with customer support.
The website is available in Chinese and English, and additional languages would be great addition. Even though the English language is the language of the world, sometimes it is not enough.
In starfishFX review was found out how this broker has interesting educational materials that consists of essential guides, e-library, step by step tutorials, FAQ, economic calendar etc. This can be interesting resource for all traders who want to make an educated decision and not just a lucky guess.
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When it comes to depositing and withdrawing, StarfishFX review showed that this broker supports various methods like credit cards, wire transfer, China Union Pay and Skrill. Every payment method has some fees attached so traders should count on up to 6% fee or $10-40 depending on the method selected. Withdrawals are free from any fees.
Minimum deposit with this broker is $100, while minimum withdrawal starts at $50. When it comes to time needed to process the withdrawal, depending on the method it can be from 1 up to 5 working days.
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