Introduction to StarkMarkets Review:
Claiming to be founded in the year 2019, StarkMarkets is situated in Bulgaria with a lot of customers from around the world. The brokerage firm further claims that it is regulated and provides irresistible deals to the customers. However, soon enough all of this was found out to be mere lies when we investigated StarkMarkets. In this StarkMarkets review, we will be revealing all the red flags found against the StarkMarkets scam. If you are here with the intention of knowing whether StarkMarkets is a scam broker or not, stay tuned till the end.
In this section of the StarkMarkets review, we will be discussing all the problematic aspects displayed by StarkMarkets.
NOT REGULATED BY ANY REGULATION
Regulation is an important parameter that one must check before trading with any brokerage firm. Licensing from the regulation will assure that the regulation will supervise the brokerage firm thereby eliminating the chance of scams. However, unregulated brokerage firms can still scam people and work according to their desires. We always advise our readers to only trade with regulated brokerage firms. In our case, StarkMarkets is UNREGULATED. The company does not have a license and this creates suspicion.
HIGH MINIMUM DEPOSIT
The minimum deposit demanded by any brokerage firm should only lie between $0 to $10. All the regulated brokerage firms demand deposits under $10. However, the unregulated brokerage firms ask for huge minimum deposits in order to steal more money. In our case, StarkMarkets demands a minimum initial deposit of $1000. This is a huge amount and is almost 100 times more than the minimum deposit demanded by regulated firms. This gives us another red flag against StarkMarkets in this StarkMarkets review.
NOT DISCLOSING CRUCIAL INFORMATION
StarkMarkets conveniently hides a lot of information from the public such as information on their investors and founders. Such information is crucial for the public to know and should not be hidden. The fact that StarkMarkets is hiding a lot of important information makes it sure that StarkMarkets is hiding something thereby giving us another red flag in this StarkMarkets review.
NO DEMO ACCOUNTS ARE AVAILABLE
Another major red flag in this StarkMarkets review that was revealed about StarkMarkets is that the company does not offer demo accounts to its customers. Demo accounts are crucial for the newcomers and experienced traders alike as it helps them know a little about the new brokerage firm and its working. The fact that the company does not offer a demos account makes it even more suspicious.
Conclusion: Is StarkMarkets a scam or legit?
To sum up, all that has been stated above, we leave it upon you to decide whether StarkMarkets is a scam or not. If you are new to this, we advise you to stay away from StarkMarkets as it is a potential scam. If you have been scammed by StarkMarkets, file a complaint with us and we will help you in fund recovery. If you have had a similar experience, make sure to share it with us in the comments down below.
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