Starlight Capital Review – Newbie But The Knowledge Of A Veteran
Starlight Capital broker looks like they know what are they doing. With a catchy presentation and much trading information available, they tried to build trust with traders. However, experienced traders know what to look for. But for the ones that don’t know, we are summing up everything you need to know in this Starlight Capital review.
While learning about the trading world, it’s worth checking multiple brokers. The more you know, the safer you are. Therefore, we invite you as well to check our DynamicsFx Trade and Valuta Markets reviews.
|Address||The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia.|
|Phone||+61251193515 / +442039897867 / +97145866403|
|Leverage||Up to 1:400|
Starlight Capital Regulation and Fund Security
To get back on StarlightCapital scam broker. They primarily don’t reveal any ownership information. Their addresses on the website point to countries like Romania and Saint Lucia. However, the governing law in terms and conditions points to St. Vincent and Grenadines. In general, nothing promising. Upon research of ASF (Romania) and FSRA (St. Lucia), we didn’t find any information about the company licensing.
On top of that, the broker doesn’t have any Tier 1 regulation either. For example, FCA, ASIC or BaFin. It’s such a shame for a good presentation not to be backed up with regulations. Upon checking the registers of the most trusted regulators, the disappointment was huge. But also a relief because we know what we are dealing with.
Now with certainty, traders know that they can’t expect any funds protection measures here. Which is confirmed through any Starlight Capital broker review.
Trading Software Overview
Another key point of a broker is its trading software. Many brokers tend to provide reliable third-party technology. Such as cTrader or Meta Trader. On the contrary, Starlight Capital scam didn’t bother with it. They know what they are doing. Since their goal is just to steal your money, they know they need a suitable software for that. Which is a web trader.
Generally speaking, not every web trader is bad. But with scam brokers, very often traders experience market manipulation. On top of that, such software can’t compare with industry-leading ones. Especially because of the tools that those provide. You can’t see with this broker features like social trading, Expert Advisors or advanced analytical tools.
Moreover, you can’t even see a dedicated mobile app. This makes it even less competitive software. Instead, you should opt for a Tier 1 licensed broker with trusted software.
Account Types Available
Account types with Starlight Capital scam broker are just fictive presentations. The end goal is always the same. To rip traders off and vanish. Anyway, there are 5 account types:
- Micro $250
- Basic $2.500
- Gold $10.000
- Platinum $50.000
- VIP Invitational
The broker doesn’t present any precise trading conditions. Allegedly you get better spreads as you go higher on the deposit ladder. But also you get higher leverage that can wipe your account balance easier. Even worse, to get you into debt. Since the broker doesn’t have negative balance protection.
Important to realize is that the company offers bonuses. Which most likely come with malicious clauses. Moreover, they offer a micro account with a $250 investment. However, licensed brokers offer micro accounts with a $5 investment. But also demo accounts, which the Starlight Capital broker scam is missing.
Deposits and Withdrawals Procedure
The broker clearly promotes funding methods not suitable for traders. They accept two options:
- Debit and Credit cards
- Crypto transfers
Deposits will never be the issue with a scam broker. However, withdrawals are the most problematic point. Firstly, this broker has an insanely long processing time. It takes up to 10 days to process a withdrawal. While crypto transfers take up to 30 minutes. Secondly, they have high and unclear withdrawal fees. The company claims to have fees of a minimum of $30 and a maximum of $300.
But the broker decides how much they will deduct. On top of that, they have the abovementioned bonus policy. Unfortunately, that bonus policy is nowhere to be seen on their website. In addition to that, they have a fraudulent withdrawal policy. The company claims that credit card withdrawals don’t include profits and bonuses. So, practically you can only request a withdrawal of what you deposited.
How Is Fraud Carried Out?
As you can see, this broker uses numerous dirty tricks. Firstly, they will mislead traders through fake advertisements. Once they join they are presented with fake opportunities. Whereas their web trader assists them with that.
But the main act comes when traders request withdrawals. The broker already presented you with their malicious policies. They don’t intend to change anything. Instead, they can even require additional fees or taxes to be paid. But don’t fall for it.
But if you already did, our expert fund recovery team is available to assist you. With CipherTrace software our team can track even those anonymous crypto transfers. Book your first consultation already today and find out more.
Starlight Capital Summary
This absolutely bogus scam should be exposed by regulators as soon as possible. Meanwhile, we were presenting you with key facts for the avoidance of Starlight Capital scam broker. There is no regulation and no security at all.
On top of that, they are using shady software and practice awful withdrawal policies. Moreover, numerous Starlight capital reviews confirm this offshore scam. If you need assistance in recovering your funds, let us know.
FAQs About Starlight Capital Broker
How Secure is the Starlight Capital Trading Platform?
It’s not secure at all. The broker has no regulations and no funds protection measures.
Does Starlight Capital offer a Demo Account?
No. The only choices they give to traders are with live trading accounts.
Are Payouts Subject to Taxes at Starlight Capital?
It all depends on the country where you live. However, Starlight Capital payouts never happen.