Is StarkMarkets Scam or Legit Broker?
No, it is not safe to trade with StarkMarkets as it is not regulated. Starkmarkets.com is operated by Krisimark Ltd, Registration number 206066758, a Company duly incorporated in the Republic of Bulgaria, EU.
Despite the broker’s claims of being located and regulated in Bulgaria, we could not find any proof or mention of this broker in the register of the Bulgarian Financial Supervision Commission.
About StarkMarkets
| 🗺️ Registered in | Bulgaria |
| 🗺️ Type of License | No License |
| 🛡️ Is StarkMarkets safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets – licensed by ASIC in Australia |
What Is StarkMarkets?
StarkMarkets is a financial services provider, offering a selection of more than 70 financial assets such as Forex and CFDs to traders from almost all around the globe.
In general, StarkMarkets has a questionable reputation due to its hidden fees and lack of regulation. The broker was previously owned by the company that was blacklisted by EU regulators multiple times. Most probably it was the reason they changed the company behind the brand’s name, however, it is still dangerous to invest in this firm.
Moreover, the broker has been blacklisted by at least two regulators:
- “The FMA recommends exercising caution before dealing with StarkMarkets and https://starkmarkets.com. It is not a registered company or financial service provider in New Zealand. We are concerned that it has the hallmarks of a scam.”
- “We are aware that StarkMarkets accepted funds from a British Columbia (BC) resident. StarkMarkets is not registered to trade in, or advise on, securities or derivatives in BC. We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.”
StarkMarkets Review Conclusion
We advise all investors and traders to avoid StarkMarkets and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.
- Overall ranking and experience for StarkMarkets is Negative
StarkMarkets Update
We found the StarkMarkets website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.