Starnet FX has been operating for several years, yet it still has not gained recognition or trust among forex traders. What is the issue? In today’s review, we will examine what this platform actually is and where its risks lie. It might even turn out to be a scam.
The official Starnet FX website looks like a typical cheap template with an automatic translation widget instead of separate localized versions. The colors are harsh on the eyes: a dark-blue background, neon-green and bright-pink buttons, toxic-green and sky-blue panels — it resembles a children’s game more than a trading platform.
The content in the “About Us” and “Why Us” sections is pure verbal clutter. Half of the “About Us” page is filled with repeated slogans such as “Zero Commissions”, “Pure ECN/STP”, “Fast Withdrawals”, and “24/5 Support”. This is not a company description; it is a stretched-out advertising banner.
Starnet FX stuffed the site with empty text. The paragraphs on the “Why Us” and “FX Trading” pages could be reduced by two-thirds without losing a single meaningful number, because there are none. Just endless phrases like “we bring together advanced technology and financial expertise”, “we continuously improve and expand our product offering”, and “we leave no stone unturned in trying to make trade effortless”. For traders, such text is useless.
The conclusion regarding the website is straightforward. This is not the platform of a serious broker with thoughtful UX and clear information — it is the template landing page of an offshore boiler room. The color scheme is terrible, the illustrations look cartoonish, and the site is filled with pompous, fact-free text.
Starnet FX offers all the basic ways to contact its managers:
However, there is no online chat anywhere, and social media activity is extremely low. The company has no real following among traders.
Next, let us look at the trading conditions. Starnet FX offers three account types:
The plans differ in spread size. The better the account, the lower the spread. However, to access a better plan, the client must deposit more money. This is how the broker extracts larger deposits from traders — a classic tactic used by fraudulent companies.
Leverage goes up to 1:400, which is nothing unusual for an offshore broker. The comparison table includes only three key parameters: deposit, spreads, and leverage. There is not a single word about trading commissions. For a broker claiming to operate under an ECN/STP model, the absence of commissions is the clearest red flag. ECN accounts always have commissions, because clients trade through real liquidity. Here, “ECN” appears only in a promotional block, while none of the ECN characteristics are present in the actual conditions. There is no information on swap rates. The minimum trade size is 0.01 lots, and the company also promises no requotes.
Examining the company’s legal framework makes it immediately clear why trading here is dangerous. The website states that the company is registered in Mauritius, the UAE, and Saint Vincent and the Grenadines.
However, registration is not a license. A license authorizes a broker to hold client funds, execute trades, work with liquidity providers, and report openly to a regulator. Starnet FX has none of this. They are not listed under the FCA, ASIC, CySEC, or FSCA. They do not even have a weak local license from Mauritius — only an “Authorization Number” with no link to any registry. It is just a random set of digits that cannot be verified. For a trader, this is a direct signal: no protection, no guarantees, and no authority to file complaints with.
The business model of Starnet FX is not described anywhere. They claim ECN/STP execution, but the conditions include no per-lot commission, no liquidity provider list, and no execution reports. This can only mean one thing — the company operates on a 100 percent B-Book model. Clients never reach the real market; all trades are processed internally, and the broker profits from client losses. Such companies always promote “ECN” because it looks impressive, but the reality is easy to verify: if there is no commission and no data on price feed providers, then there is no ECN. Just empty marketing.
The risks of trading here are obvious. Clients are not protected from platform manipulation, spread widening, or withdrawal denials. Licensed brokers maintain segregated accounts, insurance, independent audits, and compensation funds. Any profit here exists only on the screen. Starnet FX can reject a withdrawal, freeze an account, or alter the trade history, and the trader will not even be able to file a complaint because there is no regulator supervising the company.
The situation with reviews is also unfavorable for Starnet FX. WebArchive confirms that the company appeared back in 2018. This means it has been around for many years, yet there are only a handful of reviews. A legitimate broker cannot operate for six or seven years and remain invisible. This indicates that traders simply are not using the platform. It has no reputation, no track record, and no real client base. For a project that claims international activity, this is a major disadvantage.
Starnet FX does not resemble a company that can be trusted with even a single dollar. There are no licenses, no clear trading conditions, no client protection, and instead of a real business model, only offshore registrations and empty phrases about “ECN”. Trading here means knowingly placing your deposit in unsafe hands.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
As an experienced trader, I advise not even attempting to trade in Starnet FX. You are highly likely to lose your money. A friend told me that he was given a bonus at this broker even though he did not request it. Because of the bonus, they prohibited him from withdrawing his funds. This is a dangerous broker clearly involved in fraudulent practices.
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