STARFX

STARFX, operating under the domain starffx.com, is an online trading broker registered in Australia with a registered address at L 26 360 COLLINS ST, MELBOURNE VIC 3000. The broker was incorporated on March 24, 2025, making it a newly established entity. It presents itself as a global provider of forex and CFD trading services, offering retail clients access to various financial markets.

Our records show that STARFX does not hold any regulatory licenses from recognised financial authorities. However, the broker’s website claims regulation by the Australian Securities and Investments Commission (ASIC) under license number 000488828, along with passporting registrations in several European Union countries. Traders should treat these claims with caution until independently verified.

STARFX offers two live account tiers: Beginner and Pro. The Beginner account requires a minimum deposit of $200 and is marketed toward traders seeking low spreads and reduced swap fees. The Pro account, with a minimum deposit of $10,000, provides fixed commissions and spreads from zero. Both account types include negative balance protection, hedging, and swap-free Islamic accounts. A demo account is also available for risk-free practice.

The broker’s account structure targets both retail and high-net-worth traders, though the high minimum deposit for the Pro account may exclude less capitalised traders.

The broker offers its proprietary 'Starffx App' as the primary trading platform, described as award-winning and available for mobile devices. It also provides Trading Central for market analysis and a Learning Centre with webinars and educational resources. The website claims fast execution with 99% of trades completed in under one second, with no requotes or rejections.

Specific tradable instruments (such as forex pairs, indices, commodities, or cryptocurrencies) are not listed on the website, which limits transparency. Traders should contact the broker directly for a full list of offered assets.

Details on deposit and withdrawal methods are not explicitly provided on the website. The broker offers 24/7 customer support via live chat, phone, email, and social media. A help centre is available for common queries. The broker’s phone number has a US area code (217), which may indicate a US virtual number despite its Australian registration.

Given the lack of published payment methods, traders should verify accepted funding options before opening an account.

STARFX appears to target both new and experienced retail traders, with the Beginner account accessible at a $200 minimum deposit and the Pro account aimed at high-volume or professional clients. The broker’s global reach is emphasised by support in multiple languages and clients from over 190 countries. However, the absence of verified regulation makes it a high-risk choice for all traders.

STARFX’s unregulated status is a significant red flag. The broker claims ASIC regulation, but our records show no regulatory license on file. This discrepancy, combined with the broker’s very recent establishment (March 2025), raises concerns about its credibility and the safety of client funds. Aggregated industry data indicates a scam risk score of 53 out of 100, categorised as 'Elevated'.

Potential clients should conduct thorough due diligence and consider the lack of regulatory oversight before committing funds. The risk of loss is inherent in leveraged trading, and the absence of a reputable regulator amplifies this risk.