Warning! This broker has had irregular user review activity. A total of eight overly positive user reviews have been submitted on the same day, by mostly the same IP addresses. Leading us to conclude this broker is trying to mislead people. Beware.
Fivestars Forex is an unregulated Forex broker founded in 2014. They are a ECN/STP broker that is based in the Seychelles. And whith a minimum deposit of $25 and a levarge of 1:500 you know you are dealing with a very budget broker. However, with minimum spreads coming in at 0.9 pips they do offer a good minimum spread.
Offering all the usual currencies, metals, energy commodities, agricultural commodities, indices and ‘vanilla’ options.
You can trade those with MetaTrader4. This is the platform that they support and promote. This is the worlds most popular and used trading platform by Forex brokers. A true and proven software platform, that is available for PC, Mac, iPad, iPhone, Android phones and tablets. You will be able to trade from any device you own. And from their website.
Account managers can easily create their own PAMM accounts and trade for their own clients.
Looking at all their available tools, charts, chat, calendars and analysis. They offer the same as every other broker. Nothing specials. Everything is very basic.
All that and their website is the worst thing you will see today. I don’t think I have seen that much bad photoshopped stock imagery on one site.
All in all we can’t recommend trading with this budget forex broker that has not been around very long.
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- Low spreads possibe
- Not regulated
- Have not been around for very long; founded in 2014