Fullstar is a foreign exchange broker registered in the UK in 2021, mainly providing investors with foreign exchange, commodities, bonds, stocks, indices trading services, the company's official website supports English, Russian as the language of use. In addition, the Fullstar official website account registration page only supports English.
Company background:
The Fullstar website does not provide company registration information. Fullstar's website lists its contact address as the UK, so a search through the UK's Companies House website shows that the company is registered in the UK. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on February 24, 2023, and the domain name registration time is not more than 1 year ago.
Account Registration:
According to Fullstar's website, the company provides investors with a link to register for a real account. The way to register a real account is: Click "Open an account" in the upper right corner of the official website of Fullstar, or "Start trading" on the home page of the official website of Fullstar, enter the account login page and click "Register". Select or fill in your name, Email, password, phone number, date of birth and other information as required to complete the real account registration. The Fullstar official website account registration page supports English only. However, the Fullstar website does not provide a link to sign up for a demo account.
Account Type:
Fullstar's official website shows that the company offers investors Lite, Plus, Elite, Prime, FXSSI five different types of trading accounts. In addition, the Fullstar website also provides the differences between these five accounts in terms of minimum deposit amount, commission, margin (leverage) ratio, maximum transaction size, overnight interest and so on.
Trading Products:
Although the official website of Fullstar shows that it provides investors with foreign exchange, commodities, bonds, stocks, indexes trading services, but the official website of Fullstar does not provide foreign exchange, commodities, bonds, stocks, indexes covered by the specific trading products. It also does not provide information on commissions, spreads, minimum trading units, maximum trading units, and overnight interest for specific trading products.
Margin ratio:
Although Fullstar shows the margin (leverage) ratio for different accounts in the account types on its official website, Fullstar does not provide margin (leverage) ratio information for specific trading products covered by foreign exchange, commodities, bonds, stocks and indices under different account types.
Trading Hours:
Although the official website of Fullstar provides trading hours of the foreign exchange market, the official website of Fullstar does not provide trading hours information of specific trading products covered by foreign exchange, commodities, bonds, stocks, and indexes.
Deposits and Withdrawals:
The official website of Fullstar does not provide the deposit and withdrawal channels and methods it supports, nor does it provide the deposit and withdrawal currencies it supports, as well as the deposit and withdrawal time and deposit and withdrawal fees and other information.
Trading Software:
The Fullstar website provides an introduction to the trading software, as well as support for the computer version (Winodws/MacOS) and the mobile version (IOS/Android). However, Fullstar's official website does not provide the name of the trading software, and the download address of the trading software.
Other services:
According to its website, Fullstar offers trading signals, calculators, economic calendars, education and analytics for investors. The Economic calendar can help investors understand the economic data or financial events that have happened or are about to happen in the financial market. Education includes basic analysis, technical analysis, the use of technical indicators, trading skills and many other aspects. The analysis covers financial market analysis, fundamental analysis, technical analysis and trend analysis of some trading products.
Regulatory information:
The Fullstar website does not provide regulatory or licensing information it has obtained. The website of the Financial Conduct Authority (FCA), the regulator where the company was contacted, did not find any regulatory or authorisation information related to the company.
Summary:
Fullstar is suspected of fraud. A search on the Companies House website showed that the company was incorporated in the UK. However, the Fullstar website does not provide the regulatory or authorization information it has obtained, and the Fullstar website shows that the company contacted the regulator, the UK Financial Conduct Authority (FCA) website, and did not find any regulatory or authorization information related to the company. According to this judgment, Fullstar is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
