Starfish FX (No Binary Options) Review

Max Bonus: 30%

Starfish FX (No Binary Options)

Rating: 1.0/10

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Broker	Starfish FX (No Binary Options)
US Traders Accepted
Company Name	Starfish Markets Ltd.
Headquarters	New Zealand
Regulation	Financial Services Complaints Ltd. (FSP272925)
Bonus Type	Deposit bonus
Bonus Size	30%
Max Payout	77%
Out-of-Money Reward	0%
Trading Platform	SpotOption, MT4
Deposit Options	Credit/debit cards, PayPal, wire transfer, Skrill, UnionPay
Deposit Currencies	USD, EUR, GBP and CHF
Minimum Deposit	$2,000
Minimum Trade	$25
Maximum Trade	$1,500
Online Since	2010
Trading Instruments	Forex, Commodities, Stocks, Indexes
Number of Trading Instruments	83
Binary Option Types	Up & Down, One Touch, Option Builder
Customer Support Types	E-mail, phone
Education Offered	How-to-Trade, Learn Forex pages
Tools Offered	Autochartist, News, Daily Market Reports, Rollovers & Swap Rates, Economic Calendar
Commission	Deposit fees: Credit/debit cards - 4% PayPal - 4.5% Wire Transfer - $10-$40 China Union Pay - 5% Withdrawals are free from commission.
Languages	English, Indonesian, Chinese
Demo Account	Yes

Starfish FX converted from a binary options broker to a pure FX/CFD platform. The review below is presented for the archiving purposes.

Starfish FX is the brand name of Starfish Markets Ltd, which is a subsidiary of Starfish Capital Markets Ltd. They have their main office in New Zealand, and they offer their services to their global clients. However, Starfish FX does not offer brokering services to the US traders. Starfish Markets Ltd has been founded by a group of seasoned finance professionals with over 20 years of experience in the fields of financial management. They created Starfish FX with an objective of leveraging the huge trading volume of the financial markets to the passionate investors who want to benefit from the trading of financial instruments. Starfish FX offers the most optimal trading platform to their clients for trading a number of assets including currencies. With their MT4 trading platform, traders can access to the foreign exchange market and can make profits from successful trading. Starfish FX claims to serve the trading community in accordance with relevant laws and regulations. The company is regulated by Financial Services Complaints Limited.

Starfish FX endeavors to meet the currency trading needs of different types of traders and that is why they have different types of accounts. They have three types of accounts, namely Starfish Classic, Starfish PRO and Starfish VIP, each of them having their own specific features. Small investors can start with their Starfish Classic account with a minimum deposit of $2,000 only. They also provide a demo account by completing a simple signup process and a newbie trader can learn everything about their platform, before investing their real money. For big investors, Starfish FX offers Starfish PRO and Starfish VIP accounts to earn huge profits from the currency trading. For experienced Forex traders, Starfish FX can be a good opportunity to earn big profits. The MT4 trading platform is well-known in the industry, and hence experienced traders will hardly find any difficulty in using their platform for carrying out successful trades. MT4 is a 100% web based platform with a user-friendly interface. Moreover, Starfish FX provides mobile apps for the users of iPhone, iPad & Android Devices and thus a trader can accomplish successful trading while on the move. Traders without having any previous trading experience can successfully start trading with Starfish FX, as they provide enough resources, education and support to their clients.

An investor can complete a simple registration process and open an account with them. One can then fund their account in USD, EUR, GBP and CHF currencies and they have several friendly and simple ways of funding the account, including Credit & Debit Cards, PayPal, and Wire Transfer. They charge processing fees on different deposit methods and one need to choose the fund deposit methods accordingly. However, they do not charge any commission on withdrawals.

Trading Choices

Starfish FX offers 83 financial instruments from different markets. They offer different types of accounts with their own minimum investment levels and specific minimum and maximum trade sizes. Starfish Classic is their basic account with a minimum trade size of USD$ 25 for their regular binary of Up & Down. A newbie can think of investing in their binary options and can make an earning of up to 77%. However, a Starfish Classic account holder needs to invest a minimum amount of USD 100 in their Options Builder, while One Touch requires a minimum investment of USD 50. Starfish PRO and Starfish VIP accounts holders have their own minimum and maximum trade sizes, which only big investors can afford. They do not offer any out of money reward, however.

Starfish FX is pretty generous when it comes to offering bonuses. For their first deposit, a trader can earn a bonus of 30% and for subsequent deposits, they offer a bonus of 10% each time.

Technical Analysis

Starfish FX offers a variety of technical analysis and tools which of course will prove very helpful both for experienced as well as newbie traders alike. While newbie traders can learn the ins and outs of binary options trading, experienced traders can develop an insight to carry out successful trades with more confidence. Starfish FX provides Daily Market Reports and News to their clients to stay updated about the market developments. They also offer Autochartist that automatically generates signals for the benefit of the traders. For taking full advantage of the Forex market developments, they also offer Rollovers & Swap Rates to their traders. Swap rates of currencies change continuously according to the market volatility and they try to provide the latest swap rates to their clients. Traders can also take help of their Economic Calendar to assess the actual market movements of the assets. Starfish FX offers these tools to traders which they would prefer to take help to stay profitable in their financial market trading.

Learning & Support

Starfish FX offers a step by step learning for anyone to learn the ins and outs of Forex trading. The Learn Forex section could be very good resource for the newbie trader who does not have much idea about online forex trading. Besides one can also take help of their How to Trade section to learn more about the platform they are offering. One can also open a demo account with them to gain more confidence before investing the real money.

Starfish FX supports three languages: English, Indonesian, and Chinese. Thus, Asian traders can find them a more friendly service provider. Moreover, they provide e-mail support and phone support. Traders cannot expect an instant online chat help from them, however.

Conclusion

Starfish FX could be a good binary options broker both for newbie as well as experienced traders. They are a regulated company and offer a well-known platform of MT4. Moreover, one can open a demo account with them as well. They maintain different types of accounts, keeping with the needs of different types of investors and traders. They are also fairly generous in offering bonuses. However, they do not offer any out of money reward which could be an issue with some traders. But Starfish FX offers sufficient technical tools to their traders and this shows that they want their clients to make profits in the financial market trading.

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