Assessment of StargazeCapital: Is it Trustworthy or a Potential Risk?
When an enterprise remains elusive about its operations, it raises eyebrows. Yet, if regulators were aware of their identity, it might alleviate concerns. Sadly, Stargaze Capital doesn’t fit this profile.
Firstly, the firm lacks regulation in the UK, notably by the FCA. It also misses out on prime licenses from bodies like BaFin, ASIC, CNMV, and AMF. Consequently, safeguarding your investments with them seems uncertain, especially concerning financial protection.
Who Collaborates with StargazeCapital?
The company’s legitimacy is further questioned by its unauthorized operations in specific regions. It appears that Stargaze Capital might be primarily targeting traders in:
- France
- Portugal
- Japan
- Spain
Given their inception in 2023, the absence of public feedback is somewhat expected. Nevertheless, feel free to voice your experiences with this broker.
Costs and Financial Implications
Another grey area is their lack of transparency in trading fees. They neither disclose spreads nor commissions, leaving room for potential mismanagement. Furthermore, the platform they utilize only adds to these concerns.
A slight silver lining might be their offered leverage of up to 1:100. However, it’s worth noting that EU regulations cap this at 1:30 for individual traders.
Incentives
Despite the aforementioned concerns, they entice with a significant welcome bonus, ranging up to 100%. Yet, a stringent clause restricts fund withdrawals. Their policy dictates a trading volume that’s 25 times the sum of the bonus and deposit.
Moreover, they retain the authority to nullify any bonuses if they detect suspicious activities. Quite paradoxical, isn’t it?
Features of Trading
The bedrock of Stargaze Capital’s operations seems rooted in ambiguous practices, be it related to bonuses, platforms, or charges. Their proclaimed security assurances, tech infrastructure, and expert team seem questionable at best.
Provided Trading Platforms
Bypassing popular platforms like MetaTrader 5 or cTrader, they only offer a web trader. This seems to grant them undue influence over user behavior.
For example, they might showcase misleading positive outcomes, tempting you to invest more. But then, a sudden downturn might lead to significant losses. This exemplifies the inherent risks of web-based trading. For a detailed understanding, consider reviewing our analysis on Venus4T.
Tradeable Assets on Offer
Contrary to expectations, the platform doesn’t support cryptocurrency trading. However, they present four primary asset categories:
- Forex pairs: USD/EUR, GBP/NOK, AUD/HKD
- Equities: Apple, Nvidia, Pfizer
- Indexes: ASX200, DowJones, S&P500
- Precious Metals: Platinum, Palladium
- Energy Sources: crude oil, natural gas
- Raw Materials: cotton, wool
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