StarkMarkets Review (2023)
Is StarkMarkets a scam or legit broker?
No, it is not safe to trade with StarkMarkets as it is not regulated. Starkmarkets.com is operated by Krisimark Ltd, Registration number 206066758, a Company duly incorporated in the Republic of Bulgaria, EU.
Despite the broker’s claims of being located and regulated in Bulgaria, we could not find any proof or mentions of this broker in the register of the Bulgarian Financial Supervision Commission.
About StarkMarkets
| 🗺️ Registered in | Bulgaria |
| 🗺️ Type of License | No License |
| 🛡️ Is StarkMarkets safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
StarkMarkets is a financial services provider, offering a selection of more than 70 financial assets as Forex and CFDs to traders from almost all around the globe.
In general, StarkMarkets has a questionable reputation due to its hidden fees and lack of regulation. The broker was previously owned by the company that was blacklisted by EU regulators multiple times. Most probably it was the reason they have changed the company behind the brand’s name, however, it is still dangerous to invest with this firm.
Moreover, the broker has been blacklisted by at least two regulators:
New Zealand, FMA.
“The FMA recommends exercising caution before dealing with StarkMarkets and https://starkmarkets.com. It is not a registered company or financial service provider in New Zealand. We are concerned that it has the hallmarks of a scam.”
Canada, BCSC.
“We are aware that StarkMarkets accepted funds from a British Columbia (BC) resident. StarkMarkets is not registered to trade in, or advise on, securities or derivatives in BC. We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.”
The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. As StarkMarkets got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authorities.
Conclusion
We advise all investors and traders to avoid StarkMarkets and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.
You can also share your trading experience with StarkMarkets by commenting on this review.
StarkMarkets website is no longer active.
Reviews
Im a 77 year old pensioner with very basic computer skills with no knowledge of trading who randomly choose Starkmarket to enquire about bitcoin. Due to my own stupidity and naivety I ended up transferring 259 euros into a deposit to invest in bitcoin. I then checked out starkmarkets ( which I should have done before contacting them) by reading negative rice reviews and comments about them and realised I had made a stupid mistake! I was then contacted by a representative whom I informed that I did not wish to proceed with trading in bitcoin and requested my money back. I was then informed that I needed to provide them with a utility bill and photographs back and front of both my credit card and license! This prompts me to think that this may be required by them to access the deposit account which seems to be frozen at the moment but for me to give out such vital information would be foolish and naive once again! So I’ve decided not to respond to daily calls from this company and forget about trying to retrieve my money in a shark infested area where somebody like me are easy pickings!!
Do you receive money back (deposit money) if yes then how you received
No, they still insist on being provided with credit card, passport, utility bill etc, which my bank advised against! Does this mean that my deposit is in some kind of electronic wallet or account in other words, in limbo!! To give them this information would not only give them access to the account but also my personal information with out getting a penny of my money back. Unfortunately, It looks like they have me in a bind.
I’m afraid I never received my deposit back and am at a loss as to what to do next. If I give them the information they require it gives them access to the account and my personal info and in my opinion I lose on both accounts! I would appreciate any advice you give me in relation to this matter. Yours gratefully, Tom Shanahan.
They are profesional scammer or thieves in trading market expert. I loss 6kusd and 4kusd profit, when suddenly all my account were closed caused my email blocked, but they still operate in system beware that gang and report for charge back.
Rosa Kaufmann,
If this person is your account manager please do not trust her… you will lose your money and she will not call you back.
Seriously?
But she´s my wife omg
I registered in 2020 december with 250&! Then I started to make money and made another deposit to my Starkmarket account. Almost every day my account manager Tom West called me and gave me advice how to trade. Since two days a can’t reach him, his e-mail address changed and the Starkmarket website is nit available! They are thieves. They stole my money. Surely I will go to the police!
Tom west
Deceived me and told me to creat a kional account so I can exchange my currency
So I did as follow till then I realized he wanted to scam me R18000 Bitcoins by sending them to him . He then droped the call
I cannot reach him
Thank god i ddnt fall for it afterwards a deposit of R3858.77 he wanted to scam me moreover money
My name is Zsuzsanna Pál! I’m from Hungary (central Europe)! I opened an account in dec.2020 with $250 and then another $500! We started to trade with my personal account manager Tom West! It worked! I earned money! But since 2 days I cannot contact him and the webside! SO BE CAREFUL! THEY ARE CRIMINALS! They stole my money, my personal details! I will go to the police! Please do that also! Maybe we can stop them!!!
Szia Zsuzsa, keress meg kérlek engem, én is fellejentést szeretnék tenni! +36304827910
Hi Zsuzsa, please call me I was scammed too! +36304827910
first I thought that they are scammers after the website closed for 3 days but today I have received an email that there is a new website we can use
hope that every thing is going to be fine
Hi, am also an investor with starkmarket n as you have said I lost trade with them. I would like to know when you received the mail n from who. I have tried to reach them via but the domain doesn’t exists. Kindly verse me with any relevant information regarding the company.
Regards