OptionStarsGlobal Review

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OptionStarsGlobal Broker Review

OptionStarsGlobal is an unregulated forex and CFD broker operating in the UK.

The Financial Conduct Authority (FCA) has issued a statement warning worldwide investors that OptionStarsGlobal is not authorized by the FCA and therefore is not to be trusted to be operating legally in the UK.

So, does this mean OptionStarsGlobal is a scam? Should South African traders stay away from this CFD broker?

Read our full review and final conclusion to find out all you need to know.

The 3 Account Types

OptionStarsGlobal offers South African traders 3 different trading accounts to choose from. The immediate problem when looking at these accounts is the massive minimum deposit required to open the first, so-called “Bronze Account”. The minimum deposit is $25,000, which is a ridiculous amount to require traders to deposit just to begin trading, and especially for complete beginners. No beginner would even consider depositing such a high amount.

When browsing through the rest of their site, OptionStarsGlobal claim in different areas that the minimum deposit is $250.

Tip: Trade with IQ Option instead, the best licensed broker for South African traders with a minimum deposit of only $10!

The second problem we noticed is that the accounts listed have no information on trading conditions like spread, leverage or the minimum investment amount required to open a simple trade. This is all very important information South African traders need to know – not only when picking an account, but picking a broker to trade with.

Tip: Check out our list of the best forex and CFD brokers for South African traders, where we compare all their trading conditions so you can make a better and more informed choice.

All OptionStarsGlobal accounts are detailed below, along with the limited information provided for each account.

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Bronze Account

  • $25,000 – $49,000 minimum deposit
  • 1 trading strategy
  • Weekly market reviews
  • Introduction video courses

Silver Account

  • $50,000 – $99,000 minimum deposit
  • 3 trading strategies
  • Weekly market reviews
  • Introduction video courses
  • Advanced video courses (+)
  • Daily market reviews (+)
  • Senior account manager (+)

Gold Account

  • $100,000 – $250,000 minimum deposit
  • 5 trading strategies
  • Weekly market reviews
  • Introduction video courses
  • Advanced video courses
  • Daily market reviews
  • Dedicated account manager (+)
  • Same-day withdrawals (+)
  • Weekly 1-on-1 trading sessions (+)

Trading Platform & Assets

OptionStarsGlobal gives South African investors the ability to trade CFDs in major financial markets, which include forex, commodities, stocks and indices.

Their official website is incredibly vague, which means we could not gather more information on the exact assets or trading conditions available – as mentioned above. This lack of basic transparency is also a massive red flag when it comes to any broker and a sign the company should not be trusted.

As for the trading platform, South African traders will have access to a simple, user-friendly web-based platform. You can access this directly from your web browser, which means it requires no unwanted downloads or installations onto your device.

OptionStarsGlobal does not provide South African investors access to the infamous MetaTrader (MT4) platform, which is a big disappointment since this is the most popular and recognizable online trading platform.

Customer Support

South African users can contact the OptionStarsGlobal customer support team through the email provided on their website. They also provide a UK phone number, but no South African number.

If you prefer to not contact OptionStarsGlobal directly, you can always take a look at their FAQ section on their website that covers all the basic questions.

Company Info & Payment Methods

OptionStarsGlobal accepts several payment methods, which include bank wire transfer, credit card (Visa, Mastercard, Maestro), Skrill, Neteller, Diners Club and Paysafe Card.

Warning: South African traders are not encouraged to deposit any money with this broker.

There was no information on their website regarding the company that owns and operates OptionStarsGlobal, which is another red flag that proves how much this company lacks any basic transparency.

Conclusion: Is OptionStarsGlobal a Scam?

Through our review of this CFD broker and taking into consideration the explicit warning the FCA made against this company, we have confidently concluded that OptionStarsGlobal is a scam that South African investors should stay away from at all costs.

The company is not regulated under any entity, lack basic transparency and information consistency throughout their website and has an official warning issued against them from the FCA themselves.

To find the best broker or trading software to fit your needs, you can also check out our top lists below:

OptionStarsGlobal Broker Review

OptionStarsGlobal is an unlicensed forex and CFD broker that allows investors to trade CFDs in forex, commodities, stocks and indices.

Find out all you need to know about OptionStarsGlobal in our full review below and read our verdict at the end on whether this CFD broker is a scam or not.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

OptionStarsGlobal Special features

OptionStarsGlobal provides a selection of three different trading account for investors to choose from. The most obvious problem when looking at these accounts is the minimum deposit required to open each account. The minimum deposit starts at $25,000 which is a ridiculously massive starting deposit – especially for complete beginners.

Due to the massive deposits required, OptionStarsGlobal makes us believe they are not a broker catered for beginners – even though they explicitly claim that their accounts are “for traders of all levels and experience”. This is simply not true, since no beginner would ever invest as much as $25,000 to just begin trading.

When looking through the rest of their website, they mention at certain areas that the minimum deposit is $250 – which is an obvious confusion and inconsistency in information provided. It has remained unclear what the minimum deposit to begin trading with OptionStarsGlobal really is – even though we believe it is more likely to be $250, as $25,000 is a ridiculous amount to require from investors just to begin.

The second big problem when it comes to the OptionStarsGlobal accounts is that there is no mention of any trading conditions like leverage, spread, or even the minimum investment amount required to open a trade. This is very important information for all traders to know when picking an account or even a broker. Different brokers offer different trading conditions and investors should know what these are and be able to compare.

Warning: This lack of transparency and information consistency are huge red flags when it comes to OptionStarsGlobal and an immediate sign that this company is not to be trusted.

Check out the 3 accounts listed below with the limited information provided for each account.

Bronze Account

  • $25,000 – $49,000 minimum deposit
  • 1 trading strategy
  • Weekly market reviews
  • Introduction video courses

Silver Account

  • $50,000 – $99,000 minimum deposit
  • 3 trading strategies
  • Weekly market reviews
  • Introduction video courses
  • Advanced video courses
  • Daily market reviews
  • Senior account manager

Gold Account

  • $100,000 – $250,000 minimum deposit
  • 5 trading strategies
  • Weekly market reviews
  • Introduction video courses
  • Advanced video courses
  • Daily market reviews
  • Dedicated account manager
  • Same-day withdrawals
  • Weekly 1-on-1 trading sessions

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

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OptionStarsGlobal Trading software

OptionStarsGlobal gives investors the ability to trade CFDs in major financial markets including forex, stocks, commodities and indices. Their official website is incredibly vague, so our team could not gather that much information on actual trading conditions and exact assets available at the OptionStarsGlobal platform.

The CFD broker provides a simple, web-based trading platform for investors to place their trades. This platform can be accessed directly through your web browser, which means no downloads or installations are needed. All you need is a good internet connection and to visit the official OptionStarsGlobal website, where you can access their web trader directly.

If you prefer to trade on-the-go through your mobile device or tablet, you can also download the OptionStarsGlobal app. Their official app can be found in the App Store and Google Play, which means it is available for both IOS and Android operating systems.

Unfortunately, OptionStarsGlobal does not have access to the infamous MetaTrader4 (MT4) trading platform. This is another disappointment, as MT4 is the most downloaded and recognizable online trading platform.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

OptionStarsGlobal Support information

Users can reach the OptionStarsGlobal customer support team via email or their UK number. The CFD broker does not have a live chat option available.

If you prefer to not contact the broker directly, you can always check out their FAQ section on their website, which answers several basic questions.

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

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  • Get a FREE $10,000 demo account
  • Start trading with only $10
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With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!

Between 74-89 % of retail investor accounts lose money when trading CFDs

OptionStarsGlobal Payment Methods

OptionStarsGlobal accepts several payment methods, including credit card (Visa, MasterCard, Maestro), Neteller, Diners Club, Skrill, Paysafe Card and standard bank transfers.

There seems to be no mention on their website of which company is behind OptionStarsGlobal and operates the business. This is another huge red flag that shows their complete lack of transparency as a company.

Verdict: Is OptionStarsGlobal a Scam?

Through our careful and thorough review of this CFD broker and taking into consideration the warning statement issued by the FCA, we have confidently concluded that OptionStarsGlobal is a scam and should not be trusted under any circumstances.

This broker is unlicensed, with an especially vague website that provides no consistent information or even the name of the company that owns and operates OptionStarsGlobal.

Instead of wasting your time with more scam companies, check out our list of the top, fully-licensed brokers that you can trust.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

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OptionStarsGlobal.com Review

May 2020: There is an FPA Traders Court guilty votvote against this company. The FPA recommends CAUTION dealing with OptionStarsGlobal.com unless this issue is resolved.

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Consumer Reviews

I can share following (bad) experiences with optionstarsglobal.com
I opened an account there to trade binary options. I am a trader since 2020, so I would
call myself an advanced trader. When I got the “obligatory” call from one of their account
managers (he introduced hisself as James Morra) I clearly told him from the beginning
that I am an advanced trader and dont want any strategies or bonuses from his company.
I also clearly stated that I expect all necessary communication to be done via Email. My personal account manager, Mr. Morra, was very offending because he did not want to respect my wish to be contacted just via Email as I dont have the time to talk on phone.
He literarily told me that he is not working for a dating website so he will not write emails or books. I told him that he should respect my wish as client but he refused.

Then I started trading and gained profits (476,- EUR).
I decided to make a withdrawal of my initial deposit of 250,- EUR.
That withdrawal request was placed by me on 9.10.17 on their platform. Their terms and conditions say that it takes up to 7 business days for them to process the withdrawal. After that time passed my request was still in status “pending” so I started asking them questions (in chat and via email) why it was not processed yet.
They told me I should not worry as it will be processed really soon but still has to be reviewed.

So I waited another couple of days (until 19.10.17) and tried to check the status again.
I was not able to log in my account anymore. It was blocked. Right after that I went to the support chat to request a full explanation of their actions as I NEVER received any notification about them blocking/closing my account (as there was not even a reason for that apart that I made 476,- EUR profit).
All together I sent them several emails and had several attempts via support chat to solve this as I still have no idea why they just closed my account without any reason.

Having engaged this broker for the last three months in efforts to have my money refunded, I have now come to a definitive conclusion that it is a TRUE SCAM dealer.

When I first joined FPA back in June, I suspected that such was it’s status, after discerning certain things that did not seem quite right in the dealings.

After trading for some time by being thrown from one “account manager” to another, I demanded for my money refund, and even quite clearly put it that they could keep the profits.
It was than that very cunning games were embarked on by one Benjamin Thomas( I doubt it is his real name anyway!) . He turned me in to a pauper in a flash!

Having followed the FPA guidelines on, first engaging them for at least three times, it has eventually dawned very clearly that I have been scammed!

I will be providing the progressive details on my case, that I am proceeding to file on the Forex Trades Court.

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