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

InterStellar Group

Cyprus|10-15 years|
Regulated in Cyprus|Straight Through Processing(STP)|MT4/5 full license|Global Business|High potential risk|Offshore Regulatory|

https://www.fisg.com/en/home

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

35
Server Name
InterStellarFinancial-Demo MT4
Server Location Japan

Contact

+357 25211495
info@interstellarfx.eu
https://www.fisg.com/en/home
38-38Z Georgiou Karaiskaki, 3032, Limassol, Cyprus
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

+357 25211495

English

+65 98386976

Chinese (Simplified)

+65 8908 0276

Broker Information

More

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-03-02
  • The number of the complaints received by WikiFX have reached 27 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD127 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

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Expose

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • Shanghai
    • 494***
    • XAUUSD.v
    • 09-27 02:34:18
    • Singapore
    • 124***
    • XAUUSD.v
    • 09-27 02:34:19
    • Seoul
    • 871***
    • XAUUSD.v
    • 09-27 02:34:18

    Stop Out

    0.59%

    Stop Out Symbol Distribution

    6 months

    InterStellar Group · Company Summary

    Risk Warning

    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.

    General Information

    Interstellar FX Review Summary in 10 Points
    Founded 2012
    Registered Country/Region Cyprus
    Regulation CYSEC
    Market Instruments CFDs on forex, shares, indices, commodities
    Demo Account Available
    Leverage 1:400
    EUR/USD Spread 1.6 pips
    Trading Platforms MT4
    Minimum deposit $500
    Customer Support Phone, email

    What is Interstellar FX?

    Interstellar FX is a Cyprus registered online Forex and CFD broker. The brand was established in 2012 and currently holds an authorized representative license with Cyprus Securities and Exchange Commission (CySEC, No. 166/12). The broker offers a range of trading instruments including Forex, shares, indices, and commodities on the popular MetaTrader 4 (MT4) trading platform, as well as rich educational resources.

    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.

    Interstellar FX's home page

    Pros & Cons

    Interstellar FX is a regulated broker that offers a variety of trading instruments and educational resources. The broker also provides negative balance protection, investor compensation fund, and segregation of funds for the safety of client funds.

    However, the broker has relatively high minimum deposit requirements, limited payment options, and high withdrawal fees for bank wire and credit card transactions. Overall, Interstellar FX can be a good choice for experienced traders who can afford the high minimum deposit and value the safety of their funds.

    Pros Cons
    • Regulated by CYSEC • Clients from USA, Iran, Canada, Belgium and France are not accepted
    • Segregation of funds and negative balance protection • High minimum deposit of $500 for standard account
    • Wide range of trading instruments available • Limited account types available
    • Demo accounts available • Limited payment methods
    • High maximum leverage up to 1:400 for Forex currency pairs • High spreads on certain currency pairs and assets
    • MT4 support • No information available on commissions
    • Multiple educational resources available • Limited customer support hours

    Interstellar FX Alternative Brokers

      There are many alternative brokers to Interstellar FX depending on the specific needs and preferences of the trader. Some popular options include:

      • IronFX - Offers a variety of trading accounts, but has high minimum deposit requirements and higher spreads compared to competitors.

      • LMFX - Offers competitive spreads and a wide range of trading instruments, but has limited regulation and mixed reviews on customer support.

      • ThinkMarkets - A well-regulated broker with competitive spreads and a variety of trading platforms, but limited educational resources.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is Interstellar FX Safe or Scam?

    Interstellar FX being regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offering various protective measures such as segregation of funds, investor compensation fund, and negative balance protection, indicates that the broker is taking steps to ensure the safety of its clients' funds. It also has been in operation for several years and has received positive reviews from many customers.

    Based on the information available, Interstellar FX appears to be a reliable and trustworthy broker. However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

    protection measures

    Market Instruments

    Tradable financial assets that investors can trade with the Interstellar FX platform include CFDs on forex, shares, indices, and commodities. With such a diverse range of trading instruments, clients of Interstellar FX have the opportunity to build a diversified portfolio and potentially take advantage of a range of market opportunities.

    Market Instruments

    Accounts

    In respect to minimum initial deposit requirements, Interstellar FX offers only one Standard account with a minimum deposit of $500, a little bit unaffordable for most regular traders, especially beginners.

    However, demo accounts are available for those who want to test the platform and practice trading strategies without risking real money. The demo accounts provide access to the same range of trading instruments as the live account, and it is free and unlimited. The lack of multiple account options may be a drawback for traders who prefer to choose account types that suit their trading style and experience level.

    Leverage

    The maximum trading leverage is 1:400 for Forex currency pairs, 1:50 for indices, 1:200 for gold, 1:100 for silver, and 1:100 for energy products. It's important to note that while leverage can magnify gains, it can also magnify losses, so traders should use it with caution and ensure they have a solid risk management strategy in place.

    Spreads & Commissions

    The minimum spread offered by Interstellar FX is 1.6 pips for the EURUSD, 1.9 pips for GBPUSD, 2.0 pips for USDJPY, 3.3 pips for XAUUSD, 2.8 pips for XAGUSD, 3.5 pips for UK Oil, and 3.3 pips for US Oil. However, without information on commissions, it is difficult to fully assess the cost of trading with Interstellar FX.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commissions
    Interstellar FX 1.6 pips N/A
    IronFX 0.7 pips None
    LMFX 0.2 pips None
    ThinkMarkets 0.1 pips None

    Note: Spreads can vary depending on market conditions and volatility.

    Trading Platforms

    Interstellar FX offers traders the most popular MT4 trading platform, downloadable for PC. MT4 trading platform has powerful charting tools, is straightfoward, intuitive, and user-friendly, supports 3 execution modes, 2 market orders, a large number of custom technical indicators, a large number of backtesting orders, support for viewing trade history, support for EA automated trading, and the ability to develop different investment strategies for different levels of investors.

    MT4

    See the trading platform comparison table below:

    Broker Trading Platform
    Interstellar FX MetaTrader 4
    IronFX MetaTrader 4, MT5
    LMFX MetaTrader 4
    ThinkMarkets MetaTrader 4, MT5, cTrader

    Note: Some brokers may offer additional platforms not listed in this table.

    Deposits & Withdrawals

    Interstellar FX only supports bank cards (Visa/MasterCard) and bank wire.

    Deposits
    Withdrawals

    Interstellar FX minimum deposit vs other brokers

    Interstellar FX Other Brokers
    Minimum Deposit $500 $100

    There are no deposit fees for Visa/Mastercard, but there may be unspecified fees for bank wire deposits. The broker charges a withdrawal fee of 3.25% + €2.50 per transaction for Visa/Mastercard withdrawals, but no withdrawal fee for bank wire.

    See the deposit & withdrawal fee comparison table below:

    Broker Deposit Fee Withdrawal Fee
    Interstellar FX No deposit fees for cards 3.25% + €2.5 Euro/transaction for cards
    IronFX No deposit fees for cards, 2.5% for others $50-$100 depending on the method
    LMFX No deposit fees for cards, 0.25% for others 3% for cards, $30-$100 depending on the method
    ThinkMarkets No deposit fees for cards None

    Note: Fees may vary depending on the payment method and other factors. The table above is intended to provide a general overview and may not reflect the most up-to-date information.

    The processing time for deposits is instant for Visa/Mastercard, and 3-5 working days for bank wire deposits. Withdrawals via Visa/Mastercard take 1 working day, while other withdrawal methods take 3-5 working days.

    Customer Service

    Interstellar FX offers customer support via phone and email, and has an FAQ section available for quick reference. The broker's operating hours are Monday to Friday, 9:00 to 18:00 Cyprus local time, with Cyprus observing Eastern European Summer Time (EEST or GMT+3) during summer months and Eastern European Time (EET or GMT+2) during winter months. In addition, Interstellar FX can be followed on various social media platforms, including Twitter, Facebook, Instagram, YouTube, and LinkedIn.

    Customer Service
    FAQs
    Pros Cons
    • Phone and email support available • Limited customer support hours
    • FAQ section available • No live chat support
    • Social media presence • No multilingual support
    • Operating hours coincide with market hours • Limited communication channels

    Note: These pros and cons are subjective and may vary depending on the individual's experience with Interstellar FX's customer service.

    Education

    Interstellar FX offers a variety of educational resources to assist traders. These resources include an economic calendar, glossary, videos, market news, market watch currencies, market watch indices, market watch commodities, and ebooks. These resources can help traders stay informed about the market and make more informed trading decisions. The availability of educational resources is an important factor to consider when choosing a broker, and Interstellar FX seems to have a decent range of materials available.

    Education

    Conclusion

    All things considered, Interstellar FX is a regulated forex and CFD broker that offers a range of trading instruments with negative balance protection and investor compensation fund for added security. However, the minimum initial deposit required for the standard account is quite high, making it unaffordable for some traders. Overall, Interstellar FX may be a suitable option for experienced traders who are looking for a legitimate and reliable broker with a range of trading instruments and rich educational resources.

    Frequently Asked Questions (FAQs)

    Q 1: Is Interstellar FX regulated?
    A 1: Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC).
    Q 2: At Interstellar FX, are there any regional restrictions for traders?
    A 2: Yes. Interstellar FX does not offer CFDs to residents of certain jurisdictions - amongst which USA, Iran, Canada, Belgium and France.
    Q 3: Does Interstellar FX offer demo accounts?
    A 3: Yes.
    Q 4: Does Interstellar FX offer the industry-standard MT4 & MT5?
    A 4: Yes. It supports MT4.
    Q 5: What is the minimum deposit for Interstellar FX?
    A 5: The minimum initial deposit to open an account is as high as $500.
    Q 6: Is Interstellar FX a good broker for beginners?
    A 6: No. Though it is a regulated broker, it seems to only offer one Standard account with minimum deposit requirement of $500, which is not friendly for beginners. However, beginners can open a demo MT4 account to test trading conditions.

    User Reviews

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    User comment

    8

    Comments

    Write a review

    FX1524913740
    more than one year
    Their trading platform struck me as highly efficient and robust. Not only is it seamless and glitch-free, but it also offers a spectrum of analytics tools that helps me make informed decisions. They have a way of breaking down complex and overwhelming data into something that's digestible for a layman like me. Customer service? Top-notch! I had issues connecting to the platform once, reached out to their customer support and voila! Problem solved in no time. The response time and resolution were absolutely commendable.
    2023-12-02 13:19
    Reply
    0
    0
    ㅤ84614
    more than one year
    Trading the AUD/USD pair here, I was delighted to find their spread to be an average 0.9 pips during peak trading times. Couple this with a zero-commission policy, and it signals brighter profits on the horizon! Speaking of signals, let me share an experience. Interstellar's spot-on trading signals once led me into a promising lane with the EUR/JPY pair. An anticipated bearish dip allowed me to place my positions just right. Result? A profitable trade that left me grinning from ear to ear! However, a few questions did pop up during the journey, and customer service team was slow to extend a helping hand.
    2023-11-30 18:31
    Reply
    0
    0
    云卷云舒5138
    6-12months
    I registered an account on this platform: 86014278. Before I made a deposit, the platform told me that the withdrawal will arrive within 1-2 days. After the deposit, I started to apply for the withdrawal on June 9, and it took me a month to show that the withdrawal was approved. It has not arrived in the account for 3 weeks. Every time I contact the customer service, I say: I have arranged a payment. Please pay attention to the balance. I said that I have such a big platform, and I need to collect my account balance: 37746 for a few weeks? Unable to withdraw money until now
    2023-07-25 12:00
    Reply
    0
    0
    FX9799267412
    more than one year
    Try using the Standard account, the spread is not high, there is a rebate that can be used immediately, the minimum withdrawal is only 20 USD. I really like it.
    2023-03-06 21:48
    Reply
    0
    0
    正月
    more than one year
    Interstellar FX looks like a solid company with over 10 years of history and is strictly regulated by CYSEC. I am very interested in their trading conditions, and I am going to open a demo account to test it.
    2023-02-20 15:42
    Reply
    0
    0
    初贰
    more than one year
    This Interstellar FX is a weird broker. It says demo accounts are available, but when I was about to open one, it keeps asking me to verify my personal information. So I gave up.
    2022-12-19 12:52
    Reply
    0
    0
    阿楠
    more than one year
    It was introduced by a friend. It’s true that the spread is a bit big, but the others are not bad, and the order execution is also very fast. I made a withdrawal of 500 US dollars for the first time, and a little handling fee was deducted.
    2022-12-15 18:36
    Reply
    0
    0
    品味
    more than one year
    The ECN account of Interstellar Forex is worth having! I have been trading with the ECN account for a while, and it feels very good to me. The spread is super low. The account manager is very professional and can always give me useful advice. Can you believe it? I've only been trading for 1 week and already made a profit of 1,000 US dollars, so exciting!
    2022-12-15 09:53
    Reply
    0
    0
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