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The platform freeze my account for no reason and ask me to pay 20k dollars margin to unfreeze it.
Even if I paid the analyst's transaction fee, I was charged a deposit fee and was told that I could not withdraw without paying the deposit fee.
I have been defrauded of 27600+5730+3000=36330 USD, and the service manager of this scam dealer has blocked me now. Dear friends, if you are currently trading through this fraudulent dealer, please do not deposit any more money, you can lose less.
I was attempting to withdraw money from my account, which resulted in a brief argument between us. I started an investigation through the financial recovery consultant company Assetsclaimback/ com after realizing that every email I sent starek was being ignored, and I eventually had my funds returned to me, albeit reluctantly. This was after I refused to contribute more money, which caused a change in their response. I sternly caution anyone thinking about joining forces with Starek .
Freeze my account for no reason. Ask me to deposit before it can be unfrozen. I have flow and chat history
I have paid the risk settlement fee and the early withdrawal fee to the service manager, but I still ignore it, please beware of this fraudulent broker
Beware not to fall for their scam. They are always very convincing when pitching their investment plans and ideas to you. The problem starts when you want to make a withdrawal, after several attempts to withdraw and countless email to the support team and no response
I invested 15,000 with them but then they wanted more for a 'special offer', which I refused to give. I started trading until I had the equivalent of 85,000 balance in my account. They told me it was time to withdraw funds but I would need to pay 10% commission, i.e. 8,500 which I had expected but the finances retrieved by fintrack /org further exposed the malicious intention of Starekco, they will do anything to try and make you lose your money to them. Very nice and helpful on the phone when they want your money, but not so nice when you refuse.
The company sent an email to freeze the account due to the request from NFA, and login was also impossible.
Principle 27600 + 10% free-risk fee5730 + expidite fee 3000, the total is 36330 dollars. Everyone must be careful. Do not deposit again if you already invest to avoid more loss.
The service manager of the fraud group has blocked me, and I lost 36,330 US dollars including the deposit plus other fees. The company's official website is still operating normally (detailed picture), the official mailbox is as follows (detailed picture), please platform listed as a fraud platform asap to prevent more people from being victimized.
After checking the official UK find and update company information website, we can know the identity of the chairman of the fraudulent trader, and then use the full name to check that the registered addresses of all companies under the chairman's name are the same as the fraudulent trader, and the chairman of the fraudulent trader has the same registered address as the fraudulent trader. The registered address is Shandong Province, China. (You can check the attached picture for details) You continue to ignore my losses, and I will continue to pay attention to whether the chairman or the registered place opens a new company to deceive investors.
Freeze my account and require 20k margin to unfreeze it. I just want my principle back and I can give up the profit.
The liar introducer and the liar service manager defrauded $27,600, and then defrauded $5,730 to relieve risk fees and $3,000 in jump fees, for a total of $363,330. Please blacklist this company as soon as possible to show fairness.
It was already April and Starekco hadn’t responded to returning my owed money and closing my account like I asked them to do back in December. Their response was to send them an official complaint and it will be dealt with but that never happened in which case filing a complaint through fintrack/org relief program explained what to do and how to go about getting my investment returned. Can never recommend the service of Starekco to anyone.
Scam that not allowing investors to withdraw after 1 time waiting until now June 16, 2022 I still have not been able to withdraw money in my account and contacting the wb side also did not see them reply on 4/5 I opened an account at Starekco exchange and made a initial deposit of $100, then traded and withdrew $22.But my instructor said my capital is too small so it's not safe to trade and ask me to upgrade the capital. After a few days 9/5 I added $400 to bring my total capital to $500. After raising capital, the instructor told me to follow the market but they still said that my capital was not enough and they did not give me orders to trade anymore. Realizing that the floor showed signs of abnormality, on May 16, I requested to withdraw an amount of $614, but it reported that there were not enough transactions so I could not withdraw. (with pictures and email) I researched the market on other stock exchanges by myself and consulted Buy and Sell orders to perform these operations so far on May 30, I made an order to withdraw the entire amount. still says no. (with picture) Then I sent an email to the exchange but received a reply email like the attached picture. Hope you guys can help me contact Starekco floor so they can help me withdraw money!Thank This is the link of web: https://user.starekco.com/login
Note: Stareks official site - https://www.starekco.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
|Starek Review Summary in 10 Points|
|Registered Country/Region||United Kingdom|
|Market Instruments||Forex / Commodities / Indices / Shares / Cryptocurrencies / CFDs|
|EUR/USD Spread||Average 1 pip|
|Customer Support||Email: email@example.com|
Starek is an unregulated multi-asset broker registered in the United Kingdom that claims to offer a variety of trading instruments, including forex, commodities, indices, stocks and cryptocurrencies with average 1 pip on EUR/USD pair and leverage up to 1:500 via the MetaTrader5 platform.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
|• Demo accounts available||• Unauthorized NFA license|
|• Tight EUR/USD spread||• Unavailable website|
|• MT5 supported||• No info on minimum deposit amount|
|• Wide range of trading instruments||• Many reports of withdrawal difficulties and scams|
|• Only email support|
|• No Islamic accounts|
There are many alternative brokers to Starek depending on the specific needs and preferences of the trader. Some popular options include:
Admiral Markets: A reputable brokerage with a wide range of trading instruments and advanced trading platforms, suitable for experienced traders.
Windsor Brokers: A well-established broker offering competitive spreads and a user-friendly trading environment, ideal for beginners.
ActivTrades: A reliable broker known for its excellent customer service and a comprehensive range of educational resources, making it suitable for both novice and experienced traders.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Based on the information available, it is highly likely that Starek is a scam. Here are some of the reasons why:
Starek has no valid regulation. The United States National Futures Association (NFA, License No.0546623) is a government-recognized regulatory body for the futures industry, and Starek's license is unauthorized. This means that Starek is not subject to any regulatory oversight, which makes it more likely that they are engaging in fraudulent activity.
There are many reports of unable to withdraw and scams. This is a common sign of a scam, as scammers often make it difficult or impossible for investors to withdraw their funds.
Starek's website is currently unavailable. This is another red flag, as scammers often take down their websites when they are exposed.
In conclusion, the evidence suggests that Starek is a scam. I would advise you to avoid investing with them.
If you have already invested with Starek, I would recommend that you contact your financial advisor or the authorities to see if there is anything you can do to recover your funds.
Only invest with regulated companies.
Do your research before investing.
Be wary of high-pressure sales tactics.
Never give out your personal or financial information to anyone you don't trust.
Starek offers a variety of market instruments across different asset classes, including:
Forex market (currency pairs): This is the largest and most liquid market in the world, and it allows you to trade the value of one currency against another. Some of the most popular currency pairs include EUR/USD, GBP/USD, and USD/JPY.
Commodities: This market includes tradable goods such as oil, gold, and silver. Commodities are often used as a hedge against inflation, and they can also be a source of high volatility.
Indices: This market tracks the performance of a group of stocks. Some of the most popular indices include the NASDAQ 100, the Dow Jones Industrial Average, and the S&P 500.
Shares: This market allows you to trade individual stocks. Some of the most popular stocks include Apple, Amazon, and Microsoft.
Cryptocurrencies (cryptos): This is a new and volatile market, but it has the potential to offer high returns. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and Litecoin.
CFDs: This is a contract for difference, which allows you to trade the difference in price between an asset and its underlying value. CFDs are a leveraged product, which means that you can control a large position with a relatively small amount of capital.
Starek offers two types of accounts: demo and live. The demo account is a free account that allows you to trade with virtual funds. This is a good way to learn about the platform and test out different trading strategies. The live account is a real account that allows you to trade with real money.
Starek does not offer Islamic accounts. Islamic accounts are designed to comply with Islamic law, which prohibits the payment or receipt of interest.
The minimum deposit requirements for Starek accounts are not revealed. This is a bit unusual, as most brokers typically disclose their minimum deposit requirements.
Starek offers a maximum leverage of up to 1:500. This means that you can control a position worth 500 times your account balance. However, beginners are not advised to use too high leverage ratio. If you are considering using leverage, it is important to understand the risks involved. You should also make sure that you have a trading plan in place and that you are comfortable with the amount of risk you are taking.
Here are some of the risks associated with leverage:
Losses can be magnified: If the market moves against you, your losses can be magnified. This is because you are controlling a larger position than you have deposited.
It can be difficult to manage: Leverage can be difficult to manage, especially if the market is volatile. If you are not careful, you could end up losing more money than you deposited.
It can be addictive: Leverage can be addictive. If you start to see big profits, you may be tempted to use more leverage to increase your profits. However, this can also lead to big losses.
Starek's spreads are relatively tight, with an average spread of 1 pip on EUR/USD. This means that you will only pay $10 per lot traded. However, specific details about commissions are not provided, making it difficult to assess the commission structure for other trading instruments or account types.
Overall, Starek's spreads and commissions are relatively competitive. However, it is important to compare the fees of different brokers before you decide which one to use. And dont forget the fact that Starek currently has no valid regulation.
Below is a comparison table about spreads and commissions charged by different brokers:
|Admiral Markets||0.6 pips||Variable|
|Windsor Brokers||0.2 pips||$0|
|ActivTrades||0.5 pips||€1 per lot|
Note: Note that these values are not fixed and can vary. Additionally, commissions may vary based on account type and trading volume. It's advisable to contact each broker directly or visit their websites for accurate and up-to-date information.
Starek offers the MetaTrader 5 (MT5) trading platform to its clients. MT5 is a comprehensive and popular trading platform that provides traders with a wide range of tools and features. With Starek's MT5 platform, traders can access various financial markets, including Forex, commodities, indices, and more. The platform offers advanced charting capabilities, technical analysis tools, and a user-friendly interface. Traders can execute trades efficiently, monitor real-time market prices, and access historical data to make informed trading decisions.
MT5 also supports automated trading through the use of expert advisors (EAs) and allows for customization with the use of indicators and scripts. Overall, Starek's MT5 platform aims to provide traders with a robust and feature-rich trading environment to cater to their diverse trading needs.
See the trading platform comparison table below:
|Admiral Markets||MT4, MT5, Webtrader|
|ActivTrades||ActivTrader, MT4, MT5|
Starek claims that they accept a variety of deposit methods, including credit/debit cards, wire transfers, e-wallets, and local payment solutions. However, they do not specify which local payment solutions are accepted.
Starek does not mention anything about withdrawals or fees. This is a bit unusual, as most brokers typically disclose their withdrawal fees and other fees.
Overall, the deposit and withdrawal information provided by Starek is very limited. It is important to contact Starek directly to get more information about their deposit and withdrawal methods, fees, and other terms and conditions.
On our website, you can see that reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Starek provides customer service only through email with the address firstname.lastname@example.org. While specific details about the quality and responsiveness of their customer service are not available, having an email contact option allows customers to reach out with their inquiries or concerns. However, most regulated brokers offer more direct contact ways such as live chat and phone support.
Starek is a relatively new and unregulated broker. There is limited information available about them online, and they have not been subject to any regulatory oversight. Additionally, their website is currently unavailable. These make them a risky choice for traders. However, they do offer a variety of trading instruments with competitive trading condition via the leading MT5 trading platform. If you are considering using Starek, it is important to do your own research and to understand the risks involved. Overall, Starek is a risky choice for traders. There are other more reputable brokers available that offer similar services.
|Q 1:||Is Starek regulated？|
|A 1:||No. Their United States National Futures Association (NFA, License No.0546623) is unauthorized.|
|Q 2:||Does Starek offer demo accounts？|
|Q 3:||Does Starek offer the industry leading MT4 & MT5？|
|A 3:||Yes. It supports MT5.|
|Q 4:||Is Starek a good broker for beginners？|
|A 4:||No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.|
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