OptionStars Global Review (2023)

• Company name: 

OptionStars Global. New Markets S.A.

• Registration Address/ License:

UK, London. Samoa. No License, No Regulation. 

The OptionStars Global is a trading name used by the company, which claims their address in London, UK. However, during the research, it reveled that the owning company of OptionStars Global is a New Markets S.A. that is registered in Samoa. Therefore it means that the company is not in fact located in an offshore zone that does not provide a strict regulation of financial firms, but also the broker manipulates and misleads by disinformation.

Apart from the issue with trading options itself, as many reputable jurisdictions and authorities forbid this kind of trading due to its highest level of risk. The OptionStars Global broker does not confirm its status to be a trusted firm not only by the non-regulated nature but by received numerous complaints and negative reviews from the traders. In addition, the company received warning from the Austrian authority, while other EU regulators followed.

“The Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular company OptionStarsGlobal is not entitled to carry out certain banking transactions or investment services. The company is not entitled to provide investment services or banking services in Austria that require a license. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.”

FMA, Austria. April 2018.

Conclusion

Well respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers. That’s why we recommend choosing among the brokers regulated with the mentioned authorities. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.