Fxstarts Trading is a financial trading platform, with its domain established on September 9, 2023. The platform claims to have an operational address in London and offers a variety of financial product trading services. Although the platform provides detailed information on account types and trading products, there are some disputes regarding its regulation and legality.
Corporate Background and Regulatory Information of Fxstarts Trading:
The official website of Fxstarts Trading is https://www.fxstartstrading.com/. The platform’s domain was established on September 9, 2023. The claimed operational address is: 88 Wood Street, London, UNITED KINGDOM, EC2V 7QR.
However, this platform illegally offers financial services without authorization and has been listed on the warning list by the UK Financial Conduct Authority (FCA). Please stay away from this platform. Below are the related warning images:
Fxstarts Trading Account Registration Process:
- Visit the Fxstarts Trading website and click the register button
- Fill in the application form
- Submit identity verification documents
- Make a deposit and start trading
Fxstarts Trading Account Types:
STARTER Account
- Trading period: 14 trading days
- Daily return: 35% compounding return
- Holding period: 7 days
- Minimum investment amount: $500
- Maximum investment amount: $4999
SILVER Account
- Daily return: 10%
- Compounding daily return: 60%
- Holding period: 6 days
- Minimum investment amount: $5000
- Maximum investment amount: $9999
GOLD Account
- Daily return: 15%
- Compounding daily return: 75%
- Holding period: 5 days
- Minimum investment amount: $10000
- Maximum investment amount: $49999
PLATINUM Account
- Daily return: 40%
- Compounding daily return: 120%
- Holding period: 3 days
- Minimum investment amount: $50000
- Maximum investment amount: $1000000
Trading Software of Fxstarts Trading:
Fxstarts Trading has not disclosed detailed information about its trading software, which raises concerns about its technical support and trading tools. The choice of trading software directly affects the smoothness and security of transactions. Therefore, investors should exercise caution when choosing a trading platform and prioritize those offering transparent information and well-known trading software to ensure the safety of funds and seamless trading.
Trading Products of Fxstarts Trading:
Cryptocurrencies: Fxstarts Trading offers a variety of cryptocurrency trading services, including Bitcoin, Ethereum, Litecoin, and other mainstream digital assets. Traders can leverage market volatility for short-term trading or long-term investments. The platform provides real-time price data and advanced charting tools to help traders make informed decisions.
Indices: Fxstarts Trading allows traders to invest in major global stock market indices, such as the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite. Index trading provides a diversified investment method, enabling traders to benefit from the overall market performance rather than individual stocks.
Forex: Fxstarts Trading offers forex trading services, including major, minor, and emerging market currency pairs. The forex market is the world's largest financial market, offering 24-hour trading and high liquidity. Traders can leverage and use various trading strategies to participate in the market.
Energy: Fxstarts Trading provides trading services for energy commodities, including crude oil and natural gas. The energy market is highly volatile, allowing traders to engage in short-term speculation or long-term investments. The platform offers detailed market analysis and real-time price data.
Stocks: Fxstarts Trading enables traders to buy and sell shares of major global companies, including tech companies, financial institutions, pharmaceutical companies, and more. Stock trading offers the opportunity to directly invest in a company's growth, with the potential for dividends and capital appreciation.
Options: Fxstarts Trading provides options trading services, allowing traders to speculate on the price movements of underlying assets without directly holding them. Options trading is highly leveraged, which can amplify returns but also increase risk, making it suitable for experienced traders.
Exchange-Traded Funds (ETFs): Fxstarts Trading offers trading services for a variety of ETFs. ETFs are investment funds traded on stock exchanges, providing diversified portfolios of stocks, bonds, commodities, and more. Traders can use ETFs to diversify their investments and reduce the risk of single assets.
Fxstarts Trading Spreads, Leverage, and Commissions:
The Fxstarts Trading website has not disclosed detailed information on spreads, trading leverage, trading commissions, minimum/maximum trading volumes, maximum position/order sizes, margin call/stop-out levels, minimum price fluctuations, and contract sizes for trading accounts.
Deposit and Withdrawal Methods of Fxstarts Trading:
Fxstarts Trading has not specifically introduced the deposit and withdrawal methods on its official website. Usually, traders might be able to use various common payment methods, including bank transfers, credit cards, and e-wallets, for deposits and withdrawals.
Customer Support of Fxstarts Trading:
Email: support@fxstartstrading.com
Conclusion:
While Fxstarts Trading offers a variety of trading products and account types, it has serious issues regarding regulation and legality. The undisclosed trading software information and lack of detailed spreads, leverage, and commission information raise questions about the platform's transparency and credibility. Investors should carefully assess the risks and prioritize choosing platforms that offer transparent information and are under legal regulation. Fxstarts Trading is marked as a "Suspected Fraud" on TraderKnows.
