Starstone

Starstone is a forex broker registered in India, established on July 6, 2020. The company operates under the official domain starstonefx.com. As an India-registered entity, it serves clients primarily in the region but accepts international traders.

The broker positions itself as a provider of high-leverage trading solutions, offering leverage up to 400:1 on its account types. Starstone does not disclose its list of trading instruments publicly, which limits transparency for potential traders.

Starstone currently holds no regulatory licenses from any known financial authority. This lack of oversight means traders do not benefit from investor protection schemes, dispute resolution mechanisms, or regulatory audits.

For traders prioritizing safety, the absence of regulation is a significant red flag. Unregulated brokers operate without minimum capital requirements or client fund segregation mandates, increasing counterparty risk.

Starstone offers two primary account types: the Xero Account and the Standard Account. The Xero Account requires a minimum deposit of $5,000, while the Standard Account starts from just $100. Both accounts provide maximum leverage of 400:1.

The significant difference in minimum deposits suggests the Xero Account may target high-net-worth or professional traders, while the Standard Account is accessible to retail traders with smaller capital. However, specific features such as spreads, commissions, or platform access are not disclosed.

Leverage of up to 400:1 is offered on both account types, which is extremely high compared to regulated brokers in most jurisdictions. Such leverage can amplify gains but also magnifies losses, posing substantial risk to traders' capital.

Trading instruments are not specified, so it is unclear whether Starstone offers forex, CFDs, commodities, or other asset classes. The broker does not publicly list its trading platform (e.g., MetaTrader 4/5 or proprietary software), leaving potential clients without essential information.

FXCanary has assigned Starstone a Scam Risk Score of 51 out of 100, indicating an elevated risk level. This score reflects the broker's lack of regulation, limited public information, and high-leverage offerings.

Traders should exercise extreme caution when dealing with unregulated brokers. Without independent verification, it is impossible to confirm the safety of deposited funds or the integrity of trading operations. We recommend only trading with fully regulated brokers that offer transparency and investor protection.