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StarFing

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Operating status: SCAM

Website: http://fm.starfing.com/

Broker violations and abnormal records
  • 2023-11-05 BrokersView has reviewed that StarFing is an unregulated broker

    StarFing marks itself as a financial services provider based in India, as well as a traing platform that teaches knowledge about trading.

    It purports to be registered in "Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and the two leading Commodity Exchanges in the county MCX & NCDEX." However, they are all financial market institutions in India, not financial regulators. Even if the registration were true, it could not support StarFing's legitimacy in this industry within this jurisdiction. A Forex broker in India needs to acquire a license from the Securities and Exchange Board of India (SEBI). However, our search for the company Star Fing Private Limited didn't yield any results. This means it is not financially registered in India.

    In essence, StarFing is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    StarFing is unequivocally a scam.

    StarFing marks itself as a financial services provider based in India, as well as a traing platform that teaches knowledge about trading.It purports to be registered in "Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and the two leading Commodity Exchanges in the county MCX & NCDEX." However, they are all financial market institutions in India, not financial regulators. Even if the registration were true, it could not support StarFing's legitimacy in this industry within this jurisdiction. A Forex broker in India needs to acquire a license from the Securities and Exchange Board of India (SEBI). However, our search for the company Star Fing Private Limited didn't yield any results. This means it is not financially registered in India.In essence, StarFing is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. StarFing is unequivocally a scam.

Related Complaints

Q&A

Hi, my question is what are the possible methods of deposit to my account on StarFing?

Rohit Yong
Venezuela
2023-11-16
ANSWER StarFing appears to operate without the necessary authorization, and we strongly advise against engaging with this unlicensed platform.Although it presents itself as an India-based financial services provider, purportedly registered with several well-known local exchanges, it's important to understand that only authorization from the appropriate financial regulatory authorities can be deemed as legitimate endorsement. However, our search for the company Star Fing Private Limited in the Securities and Exchange Board of India (SEBI) register yielded no matching results.Investors who trade with unlicensed forex brokers like StarFing risk falling victim to fraud and identity theft, as there are no regulatory safeguards in place. The consequences of such actions could be catastrophic. To avoid these significant risks, we recommend choosing brokers that are fully regulated.
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