“Learn, trade, profit” – a three-word slogan of the broker Blue Stars FX, reviews of which are not often found on the internet. The firm is quite secretive and opaque, revealing little information about itself on its website. Its operations are conducted without regulatory oversight, and even the legal address of the organization is unknown. It can be assumed that the company is based in the United Kingdom and Australia, as the phone numbers provided belong to these countries. Additionally, Estonian legislation is mentioned in the user agreement. Overall, what is wrong with the platform, and can it be trusted?
How to Trade
The firm provides users with a trading platform, hundreds of different assets in the form of CFDs, additional features, and educational resources. The minimum deposit starts at $10,000, as this amount is required to open the first type of account.
The broker offers 4 types of accounts. The better the tariff, the larger the balance required, but also more privileges and options are available. For example, a package of educational materials, a personal manager, a financial advisor, a trading expert, and daily signals/analytics. However, Blue Stars FX does not offer a demo account.
Blue Stars FX Vital Info
The exact launch date of the platform is not specified, and legal documents are also missing. A good method to determine the approximate founding date is the registration date of the domain, as no online broker can operate without a website. The domain was registered on August 17, 2023, which is considered a short period.
The issue of regulation is not even addressed on the official website. Therefore, it is highly likely that the company lacks licenses. However, for stronger certainty, checks were conducted in the legal and regulatory registries of Australia, the United Kingdom, and Estonia, where the firm is presumably based. Blue Stars FX was not found anywhere, which is a significant red flag, as any brokerage platform is required to obtain a license.
This company is more oriented towards premium service than catering to all categories of traders. Look, they have a minimum deposit of $10K - this is not just a coincidence. Not every beginner can afford such an amount to invest in trading, especially with leverage, where the risks are heightened. So, the service at Blue Stars FX is more tailored to experienced and knowledgeable traders, not novices. However, inexperienced clients are also welcome, as the broker provides all the necessary educational material and resources. I see nothing strange in this approach, as they need to conquer a share of this huge brokerage market. I have an acquaintance who trades here, and everything is excellent for him. I don't trade CFDs myself, so I haven't opened an account yet, but if I ever want to try this instrument, I know where I will do it.
I have two companies in mind, one of which I won't name, and the other is precisely Blue Stars FX. The only aspect I dislike here is the high minimum deposit. However, they offer educational materials, a personal manager, and much more. I'm considering it.
My mistake cost me $15K. I chose Blue Stars FX as a broker to open an account, but due to my carelessness and laziness, I didn't check the company for honesty and legality, so I lost all my savings in this damn den of fraudsters and swindlers. Never invest here, because you will definitely lose all your funds.
bluestarsfx.com was registered in 2023, in the summer, which is too short a period of operation. There's no license, and I didn't even check for it. What a fool I was. In short, they don't withdraw money, they ignore you, and it's impossible to trade profitably here.
I didn't really like trading with this firm. The trading platform leaves much to be desired. It's not MetaTrader, but some pseudo-terminal that works exclusively in a web version, although the broker claimed to have a mobile application. It is misleading from the company, and it's obvious. I also didn't like the high spreads and commissions, as well as the limited range of available assets for trading. They could add more currency pairs, stocks, and cryptocurrencies, as there's hardly anything to trade. But the problem is that it's been 5 days, and Blue Stars FX still hasn't withdrawn my remaining deposit of $5,800. Does anyone know what the catch is? And how to speed up the process? The support team doesn't respond to my emails.
A standard example of a fraudulent broker that can't even disclose its legal address. How can you consider a company for cooperation if it can't provide information on where it's registered and where its offices are? This is a joke, honestly. Any normal and transparent brokerage firm will show where its legal entity is registered, what licenses it has, and provide other useful information, but Blue Stars FX doesn't do this.
Do you know why they hide important data? Because they actually have no regulation. Financial commissions cannot issue a license to an outright fraudster who can't even register their company. Isn't it obvious that people are being scammed here?
Don't you understand yet that Blue Stars FX is a company of swindlers and criminals? The huge minimum deposit of $10,000 indicates the fraudsters' desire to steal your money. Even a demo account is absent. You can't try and test the terminal with virtual dollars; you have to invest a huge amount.
I have never seen such terrible conditions at any legal broker. Only ruthless scammers act this way.
Firstly, I didn't like the lack of guarantees for trading. There's no license, and the business model is not specified, so it's very likely 100% b-book, and such platforms are not recommended for cooperation because they work against traders. Also, the duration of operation remains a mystery, but looking at the young domain, it's not hard to guess that the platform hasn't existed for long.
Secondly, the trading conditions don't seem profitable. A huge minimum deposit and no possibility of testing on a demo. Islamic tariff is also absent. Commissions exist, but they are not specified. Spreads from 0.7 points - but the main catch is in the prefix "FROM".
I didn't like Blue Stars FX. Unprofitable, unsafe.
The educational materials from Blue Stars FX are fruitful. Before switching to this platform, I averaged a 5.65% monthly profit, and now my return (calculated over 3 months) is 9.02% per month, almost double. Significant? Yes. Considering my deposit is $20,000, this is almost $2,000 of monthly growth, whereas before it never exceeded $1,000.
For me, trading is an additional income. I trade only in the morning, during the London session, which is approximately from 9:00 to 12:00 my local time. Then I attend to my main job, as I am a web designer, so I work remotely. Blue Stars FX doesn't hinder my trading, and fund withdrawal works very steadily. Big thanks to the broker for the help and favorable conditions.
Hello. I registered an account, but they are asking for verification, and I'm afraid to send my data to such an unknown firm. Has anyone traded here? Is everything okay, or is it better not to risk it? I'm more worried about my data than the money.
Withdrawals from Blue Stars FX also don't work. My friend and I plan to gather all the victims together and start doing something. For example, find out where the roots of the fraudulent platform grow. For instance, by looking at crypto transfers, you can see where the assets go. Maybe it's some major crypto exchange, and you can submit a request there, while also contacting the police. Let's solve the problem with scammers together! I lost $12,000 here.
I can't recommend a brokerage company where the risk of losing money is 100%. Blue Stars FX won't give you a chance to earn anything. Here, quotes are fabricated, and trades are fake, and fund withdrawal doesn't work.