Among Forex/CFD scam brokers, it’s rare, but some stand out, and not in a good way. You can tell that this project was created by fraudsters almost at first glance. Our StarUnionFx review is dedicated to just such a pseudo-company, designed to steal traders’ money. To learn more about this platform, see the materials we’ve gathered below.
Brief Overview
- 🖥Official Website: https://starunionfx.com/
- ✈️Contact Address: Place de la Fusterie 12, Geneva, 1204, CHE
- 📞Customer Support: [email protected]; +41435085914
- 🔐Licensing and Accreditation: no
- ⏳Track Record: since 2024
- 🧰Specialization: Forex & CFD broker
- 🤝Terms of Cooperation: minimum deposit $10,000
- 💰Additional Services: no
Starunionfx.com Examination
It’s quite difficult to recognize that the official StarUnionFx website represents yet another broker. Perhaps the only hint is the presence of “Join now” and “Access Account” buttons. Otherwise, this site looks more like a web resource set up for an advertising campaign. The abundance of phrases like “Fast execution,” “Secure trades,” etc., with no mention of actual facts, suggests that we’re dealing with a scam project.
A closer look at the content only reinforces this point of view:
- All links to account opening and authorization lead back to the homepage.
- The homepage claims 50,000 satisfied users, which quietly turns into 1,000,000 on the “About” page.
- There are no details on the list of markets, assets, trading conditions, payment methods, etc.
These are just the most obvious oddities. How many more subtle inconsistencies does StarUnionFx have? Such carelessness in maintaining their own website can only be afforded by scammers. For legitimate brokers, the website design and content are part of their reputation, which directly impacts the number of clients. For short-lived scammers hoping to operate for 3-4 months, a quality website is neither achievable nor necessary.
Company Contacts
The contact options provided on the StarUnionFx “Contacts” page include:
- A feedback form.
- Support email.
- A postal address in Geneva, Switzerland.
- A phone number with a Swiss code.
At first glance, this looks typical for similar platforms. However, the creators of the site have again distinguished themselves. For some reason, they list an office address in Geneva but provide a phone number related to Zurich. While this may seem like a small issue, it immediately raises the question — which is fake: the address or the phone number?
Another telling sign is the absence of links to social media on the page. A real broker would never ignore such a rich source of new clients as social media. Scammers, however, have no need for an uncontrolled influx of new users.
Let’s not forget that even the registration links on this site don’t work. This essentially means that accounts are only opened for those who have received offers from the company’s managers and agreed to deposit funds. Why would scammers want to attract more clients, some of whom may quickly recognize the fake broker and expose it online?
Also, the absence of an online chat on the website doesn’t work in the project’s favor. Legitimate companies aim to resolve user issues as quickly as possible, so they provide their current and potential clients with convenient ways to interact with support promptly. Companies like StarUnionFx, however, don’t need that. Traders can wait for specialists to respond to their email requests, and the fact that a customer may lose hundreds of dollars in the process works in the broker’s favor.
Key Conditions
The trading conditions on the StarUnionFx website are poorly detailed as well. The company offers clients seven account types:
- Bronze with a minimum deposit of $10,000.
- Silver with a minimum deposit of $25,000.
- Gold with a minimum deposit of $50,000.
- Diamond with a minimum deposit of $100,000.
- Platinum with a minimum deposit of $250,000.
- VIP with a minimum deposit of $500,000.
- VIP+ with a minimum deposit of $1,000,000.
We only mentioned the minimum balance for each account type because the company believes that traders don’t need to know other trading conditions before registration. The website lacks contract specifications for each trading instrument. The platform’s owners haven’t even listed maximum leverage or minimum spreads.
Such an approach is hardly surprising. For traders who are attracted by StarUnionFx managers during cold calls, knowing the account and asset details isn’t necessary. The broker’s personnel primarily target newcomers who know nothing about trading on financial markets. As for more experienced users, they wouldn’t open accounts with these scammers anyway, so there’s no need to disclose trading conditions to them.
Instead, the company can tell beginners how well they care for their clients. Using impressive terms like “Advanced Trading Tools,” “Instant News Alerts,” “No-Risk Trades,” etc., which are featured on the account types page, seems clever. However, the actual benefit of such offers is highly questionable.
In summary, StarUnionFx displays typical scammer tactics: attract beginners with promises of something vague and abstract, but collect very real money in the form of deposits, which are then taken by any means possible.
Exposing StarUnionFx
We have no doubt left that the broker StarUnionFx is a scam. However, for some potential clients of this fraudulent platform, everything mentioned above may not seem like enough evidence. Let’s try to convince them by analyzing the official company information.
Since the company lists an address and phone number in Switzerland, it’s logical to assume it is officially registered in that country. Let’s check the available data in the local registry.
We searched using all possible business name variations, but we couldn’t find any positive results. In other words, this broker is unknown in Switzerland.
The creators of the project do not provide any other information, which leads us to believe that the company is not registered in any jurisdiction. Naturally, without official registration, the broker also lacks a regulator’s license, meaning all of its operations are illegal.
The company also hides its registration date. However, on the “About” page, it provides information about supposed industry awards, the earliest of which is dated 2020. We might have believed this, but the information from the whois service says otherwise.
As we can see, whois data shows that the domain starunionfx.com was registered in August 2024. This means the broker is less than two months old. So, the claims about receiving awards over four years ago are fake. As is the statistic of having 1,000,000+ clients, which would be physically impossible for a broker no one has heard of within a month and a half.
In our opinion, this is sufficient proof to convince anyone that this broker is just a typical scam. Are there still any willing to trust them with their money?
What Reviews Do Users Leave?
It would be wrong to expect a large number of StarUnionFx reviews online. However, some users and experts on specialized sites have noticed this scam. All the authors unanimously state that the project is fraudulent, and the money will be taken by the broker’s owners, so it’s better to avoid working with them.
Among the reviews, there are only 3-4 video reviews that speak positively about StarUnionFx. According to their authors, this is a reliable broker, trading with them is safe and profitable, and the platform is almost a masterpiece. It’s clear that the creators of these videos were paid well by the company’s administration. However, they have little influence on the general tone of opinions online.
Conclusions
Our StarUnionFx review seems to have fulfilled its purpose completely. It has shown that the broker operates without registration or a license, provides false information, and hides important details. Only scammers conduct business this way. Opening and funding accounts here is extremely risky, with a nearly 100% likelihood that any money sent will be lost.
Pros/Cons
- Wide variety of trading accounts.
- Decently designed official website.
- The company is not officially registered in any country.
- The broker operates without a license, offering services illegally.
- The website provides false information, particularly regarding industry awards and the number of registered users.
- Trading conditions are not disclosed.
- The minimum deposit of $10,000 is extremely high for most traders.
These scammers at StarUnionFx left me without my deposit. I opened an account on their platform with the minimum funding, which was already $10,000. I was trading fairly well at first, but the problem was that the profits were very small. The manager told me that to get a good return, I needed to increase the trade volumes, and I was already hooked, so I agreed. I never thought they were manipulating me! After that, all I got was losing trades, and I didn’t close a single position with a profit. In the end, I lost everything very quickly and earned nothing. I’m sure this was part of the scammers’ plan. The terminal allows them to adjust the prices and gives results that benefit them. I don’t recommend trading here.