Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of Stars Binary Trading Company
Stars Binary is an online service for Forex trading and describes itself as such in its public offer agreement. Founded in 2019, the company lacks transparency concerning its registration, legal address, trading conditions, and fees. No legal documents verifying Stars Binary's operations exist. The company doesn't identify as a broker and lacks a brokerage license. Information about regulation is absent from its website and other sources.
While the platform provides access to 32 assets, it fails to disclose details about the quote provider, raising concerns about its transparency and reliability. Stars Binary promises significant returns even with a $1 deposit. However, clients discover hidden fees that make trading unprofitable. Withdrawing funds is extremely difficult.
Many negative online reviews accuse Stars Binary of fraud, ignoring client requests, and blocking accounts. The main issue is that the company does not return clients' money. Consequently, the broker has been blacklisted in 2024.
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We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has Stars Binary been placed on the Traders Union Blacklist?
If you found Stars Binary on the Traders Union Blacklist, it means that the company does not fulfil its obligations to the clients or has already turned into a scam. The most popular reason is that the broker does not process withdrawals or the broker’s website is no longer operational.
I have an account with Stars Binary. What should I do if it gets blacklisted by Traders Union?
Find out the reasons from TU Support Service, and then try to gradually withdraw your money.
Stars Binary does not process withdrawals. What should I do?
• Get the broker to specify the reason for refusal to process withdrawals.
• File a complaint with the regulator. Submit a chargeback request, if possible.
• Contact TU’s legal service for advice. It could be possible to settle the issue.
How can I determine if Stars Binary is unreliable?
Here are several options:
• Check if the brokerage company has been placed on blacklists.
• Check if the broker holds a license on the website of the regulatory authority.
• Check how promptly the Support Service responds. If the responses are also or none, or not to the point, then there is a problem.
• Deposit the minimum possible amount, execute 1-2 quick trades and try to withdraw money. If the broker is a scam, its support service will try to persuade you not to withdraw money by any means.
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