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The WikiFX Score of this broker is reduced because of too many complaints!

SHD

Hong Kong|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://en.starhonorasia.com/

Website

Rating Index

Contact

+852 3756 0195
info@starhonorasia.com
https://en.starhonorasia.com/
Room2202,22/F,Causeway Bay Plaza 1, 489 Hennessy Rd ,Causeway Bay HK
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+852 3756 0195

Broker Information

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Company Name

Starhonor Development Limited.

Company Abbreviation

SHD

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 40 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    SHD · Company Summary

    General Information

    Established in 2000, Starhonor Development Limited is an online forex broker registered in Australia. This company opend its US branch in 2009 to provide brokerage services to clients. And in 2015, its business coverage expand to Shanghai, China. In 2019, Starhonor Development Limited developed an online trading platform, and in 2020, its Hong Kong office was set up.

    Starhonor Development Limited offers its clients access to the worlds most trading platform-MT4, Starhonor Development Limited offers leverage up to 1:400, as well as 24x7 customer support.

    General

    Regulatory Details

    Starhonor Development Limited is authorized by Australia Securities and Investment Commission (ASIC), with Regulatory License No. 001293841.

    Market Instruments

    An array of trading instruments including foreign exchange, precious metals (gold and silver) are available through the brokerage platform.

    Account Types

    Traders who want to invest with are given the choice between Individual and Corporate accounts. To open an account, you need to fill out information listed below, and wait for their Starhonor Development Limited approval.

    Account

    Spreads

    Starhonor Development Limited listed its spreads on spot gold and spot silver, with spot gold $0.50 per ounce, spot silver $0.50 per ounce. While spreads on other instruments are not disclosed.

    Trading Platform Available

    Starhonor Development Limited offers its clients access to the leading trading platform-MetaTrader 5. The MetaTrader5 platform is suitable for your skill level and trading approach, regardless of whether you are an experienced trader or just starting out. The platform provides users with sophisticated tools for technical analysis, automatic trading capabilities (EAs), and mobile applications, all of which are utilized by millions of traders all over the world. Traders are also able to examine their orders, trades, account details, and keep up to date with the most recent market circumstances thanks to the intuitive user interface that is provided by the platform.

    Trading Tools & Resources

    Aside from trading tools, Starhonor Development Limited also offers a series of trading tools and resources including Foreign Information, Trend Predication, Economic Calendar and Financial News to help its client go deeper in the forex market.

    Deposit & Withdrawal

    Starhonor Development Limited allow its clients to make a deposit and withdraw through Bank Transfer and a series of e-wallet processors. However, more information on service fees and processing time are not disclosed everywhere.

    Customer Support

    Starhonor Development Limited promises that it offers clients with any trading-related issues access to its 24 x 7 online customer care through the following channels:

    Telephone: 0085237560195

    Email: info@starhonorasia.com

    Trading Hours

    Trading hours: Every Monday from 8:00 am to Saturday 4:00 am.

    Typically, after 20:30 on each trading day, it is mostly during the release of US economic data. The market volatility is the largest, followed by 15:00 and 00:00 are also relatively active trading hours.

    Please note that Tuesday to Friday from 4:00 to 4:20 am is the settlement time, and Saturday from 03:00 (summer day) to 04:00 (winter day), trading closed.

    User Reviews

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    7

    Comments

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    投資人
    more than one year
    Suggestions for similar encounters to unite and pursue
    2022-12-14 13:24
    Reply
    0
    0
    66696608
    more than one year
    The black platform cheated my money and disappeared from the earth, I can't find them at all. I came to this platform through a friend's introduction in June this year. During this period, I have been trading energy products and suffered heavy losses. I asked to withdraw the remaining amount and leave. They kept telling me to deal with it. Until now, they have disappeared. . .
    2022-12-13 12:01
    Reply
    0
    0
    投資人
    more than one year
    Don't forget what SHD does!
    2022-11-09 01:53
    Reply
    0
    0
    投資人
    more than one year
    assets claim back itself is also a scam, pls be careful!!
    2022-09-29 11:53
    Reply
    0
    0
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