5starsforex screenshot

NOTE: The broker is out of business and no longer provides trading services. Their website redirects to Eastman Libersat legal advisory company.

5StarsForex was established in 2014 and is an ECN/STP broker with transparent features and trading conditions.  The wide range of products is available for your selection together with daily market news updates and analysis to help you make informed decisions.

Trading Conditions

5StarsForex brings you fixed spreads and there are no margin requirements/calls on the web-based platform. With MetaTrader 4 you can start with as little as 0.01 lots, however the no-margin option is available only when positions are hedged.

Your money is kept in a segregated account, ensuring that your money is in no way mixed with the broker’s capital.

5Stars Forex offers several account types to get you started with different conditions and benefits. Below are your choices:

Acccount Type

Universal Accounts

 

Universal Mini

Universal Standard

Universal Advanced

Minimum Deposit

$500

$3,000

$50,000

Maximum Deposit

$3,000

$50,000

Unlimited

Minimum Volume

0.01 lot

0.1 lot

0.1 lot

Leverage

1:500

1:300

1:100

Spreads

Between 1.5 Pips to 1.9 Pips

Between 1.0 Pips to 1.5 Pips

Between 0.5 Pips to 0.9 pips

Commission

Zero

Zero

Zero

Trading Instruments

Forex Exchange-Precious Metal

Forex exchange precious Metal

Forex Exchange -Precious Metal

Scalping

Yes

Yes

Yes

Hedging

Yes( 0% margin)

Yes (0% margin)

Yes( 0% margin)

Expert Advertisers (EAs)

Yes

Yes

Yes

Free VPS Hosting

No

Yes

Yes

Deposit Currencies

USD or EUR or GBP

USD or EUR or GBP

USD or EUR or GBP

Volume Steps

0.01

0.1

0.1

Weekend Margin Requirements

0%

0%

100%

Stop out

50%

50%

50%

Islamic (Swap-free)

Yes

Yes

Yes

Executive Type

ECN/STP

ECN/STP

ECN/STP

Trading Platform

MetaTrader 4 is one of the well-known, well-established, reputable and secure platforms in the market. It is available via web, desktop or mobile devices such as iPhone or Android.

Demo account is provided with $100,000 virtual cash to try out the platforms, test the strategies and grow your forex experience before trading live.

Payment Methods

The minimum deposit requirement to start trading with 5StarsForex is quite high, $500, compared to other forex brokers reviewed. The payment methods, however, are in abundance including all favorite skrill, credit cards, webmoney, neteller, fastpay, CashU, Payeer, OKPay, Payza, UnionPay, Ukash, TrustPay, Poli, Western Union, MoneyGram.

Customer Support

The broker has facebook page where you can get in touch with other traders and support. There is also LinkedIn group where you can get dealing room market tweets. There is an option of one-on-one training in your language and overall market insights from the Personal Dealer.

Technical report can be received via SMS or twitter. Support is also available online, via email or phone and there are live news videos for beginners and expert traders.

 

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