StarGlobal-R: client reviews on the company’s activities in 2023
Investments are a reliable way to preserve and increase capital, according to common practice. StarGlobal-R invites you to take advantage of its services in this matter. There is currently no feedback about the company online, so it is important to independently analyze the proposed terms and legal documentation. Failure to take action in this direction may result in financial risks. We have decided to provide information about the broker based on facts.
Main aspects of the company
The first thing that catches the eye when visiting the StarGlobal-R website is the impressive statistics. The announced data:
- over 150,000 clients,
- servicing in 10 countries worldwide,
- 5 international licenses,
- 6 asset classes.
Based solely on the numbers, the company deserves attention. However, can they be trusted? Reviews from real clients are absent on the StarGlobal-R platform and on specialized forums. Further investigation using whois helped to uncover the reason for the absence. It turns out that the globex-stellar.pro website has been active since March 22, 2023. Therefore, the broker provided distorted success statistics, causing concern.
The issue also lies in the contact information. The provided phone number and email address are inaccurate. Even without ratings from real users, it can be concluded that contacting StarGlobal-R is pointless.
The location and office address in Cyprus are also fake. Even the coordinates are listed with an error in the street name.
Regulation
Initially, StarGlobal-R claims to have obtained 5 international licenses. However, only three regulators are listed on the start page footer:
- FCA,
- IFSC,
- FSC.
It is important to note that the license numbers are only partially provided. No documents confirming regulation were found. This led to a decision to personally check the legal transparency of the company. A screenshot of the search results in the British FCA regulator database can be viewed.
A similar situation exists with checks in the registries of other regulatory authorities. Russian-speaking traders should be cautious. The pseudo-broker’s website has several translation options, including Russian. Scammers seek to deceive residents of Russia, Kazakhstan, Belarus, and other CIS countries.
The hero of the review is predictably absent from the list of local licensees. However, due to its short activity, it is not included in control blacklists and is not subject to Roskomnadzor’s blocking. As negative reviews grow, scammers will find themselves isolated. Nevertheless, they will manage to deceive a significant number of people before that moment. Therefore, vigilance is necessary!
Trading Conditions
As a trading tool, fraudsters offer their trading platform, which is available in browser and mobile versions. StarGlobal-R highlights its functionality, high speed of order execution, and accessibility, but deprives the opportunity to practice without risks. To trade in the Forex market, stocks, metals, indices, and commodities (250+ assets), it is necessary to fund the account on the platform. The following cooperation options are available:
- STANDARD. Initial deposit – $150. Cooperation conditions are briefly presented, indicating only instant order execution and leverage up to 1:100,
- PREMIUM. Minimum deposit – $1,000. Here, the leverage is up to 1:500 (contradicting European regulators’ requirements), and insurance and cryptocurrency trading are provided,
- PREMIUM PRO. Entry threshold – $10,000. Traders are offered round-the-clock technical support and deposit protection as additions.
There is no information on financial responsibility, and there are no reviews. The company itself does not even specify available methods of deposit/withdrawal, operation rules, and commissions. Presumably, scammers will change conditions and set high requirements.
Investor Reviews
In the process of preparing the review, no reviews about StarGlobal-R were found. The new organization has not yet received mentions online, which is likely beneficial for them.
If you have important information about this pseudo-broker or want to share your own experience, please leave a review under our review.
Fraud Scheme
The scam scheme is quite simple:
- Scammers target potential victims on social networks or make cold calls from darknet databases,
- They offer newcomers-traders a mentor,
- The mentor claims that for convenience and simplicity of learning, it is necessary to install remote access software (e.g., AnyDesk),
- Once gaining unrestricted access to the user’s account, scammers manipulate them and stop interacting with the deceived client.
To recover funds, it is recommended to use chargeback services immediately. The refund process is not trivial, but in a competent company, there are chances of success.
Review Summary
We do not recommend risking your money and dealing with such dubious organizations like StarGlobal-R. They promise many things but have no intention of fulfilling them. It all comes down to deceiving trusting users. Scammers consciously engage in financial fraud and redistribute funds in their favor.
