Goldstarway claims to be a reliable firm while presenting neither details about its regulations nor legal documents (terms & conditions, privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

Besides, Goldstarway shows its company address is in the United States. As per the United States law, US residents and citizens are only permitted to operate NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulation issued by the National Futures Association (NFA), will be allowed to solicit or approach US citizens. However, we did not find any match results to Goldstarway in NFA. That means Goldstarway is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.