StarkMarkets Review (2023)

Founded
2020
Avoid Reason
No License. Negative Reputation

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

Thomas Shanahan Says:
At: 1 year ago

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!!

Barbara Says:
At: 1 year ago

Do you receive money back (deposit money) if yes then how you received

Thomas Shanahan Says:
At: 1 year ago

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.

tonyluis Says:
At: 6 months ago
This broker is a scam if only I had read about them before going into trade with them. 😡 they keep telling me to deposit more of my funds.. After I read about them and concluded and decided to reach out to Mrs. HARPER after I read so many reviews on how She has helped a lot of victims. Well, I am glad Mrs. HARPER was able to help me recover my money. You can get in touch with HER on their company mail Email: harperjamesplatform @ gmail com
Thomas Shanahan Says:
At: 1 year ago

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.

tonyluis Says:
At: 6 months ago
This broker is a scam if only I had read about them before going into trade with them. 😡 they keep telling me to deposit more of my funds.. After I read about them and concluded and decided to reach out to Mrs. HARPER after I read so many reviews on how She has helped a lot of victims. Well, I am glad Mrs. HARPER was able to help me recover my money. You can get in touch with HER on their company mail Email: harperjamesplatform @ gmail com
HASAN Says:
At: 1 year ago

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.

tonyluis Says:
At: 6 months ago
This broker is a scam if only I had read about them before going into trade with them. 😡 they keep telling me to deposit more of my funds.. After I read about them and concluded and decided to reach out to Mrs. HARPER after I read so many reviews on how She has helped a lot of victims. Well, I am glad Mrs. HARPER was able to help me recover my money. You can get in touch with HER on their company mail Email: harperjamesplatform @ gmail com
Harry Says:
At: 1 year ago

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.

Nicolas Luna Says:
At: 1 year ago

Seriously?
But she´s my wife omg

Pál Zsuzsanna Says:
At: 1 year ago

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!

Precious evans Says:
At: 1 year ago

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

Pál Zsuzsanna Says:
At: 1 year ago

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!!!

Richard Ölvedi Says:
At: 1 year ago

Szia Zsuzsa, keress meg kérlek engem, én is fellejentést szeretnék tenni! +36304827910

Richard Ölvedi Says:
At: 1 year ago

Hi Zsuzsa, please call me I was scammed too! +36304827910

loay Says:
At: 1 year ago

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

James Gumba Says:
At: 1 year ago

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

tonyluis Says:
At: 6 months ago
This broker is a scam if only I had read about them before going into trade with them. 😡 they keep telling me to deposit more of my funds.. After I read about them and concluded and decided to reach out to Mrs. HARPER after I read so many reviews on how She has helped a lot of victims. Well, I am glad Mrs. HARPER was able to help me recover my money. You can get in touch with HER on their company mail Email: harperjamesplatform @ gmail com
Penelope Barrows Says:
At: 6 months ago
I will forever be grateful to the team of hackers at REFUND POLICY after they successfully helped me recover $ 61 k worth of bitcoin that I had lost to a fake crypto investment platform I found on Facebook. I got really depressed and suicidal having lost such amount of money, I then discussed my predicament with my younger sibling who then introduced me to this hacker they went to college together. At first, I was reluctant to contact the hacker as I thought it will be impossible for the bitcoin I had sent to be recovered, but I am so glad that I did contact them because it was like magic after only 18-20hrs they were able to help me recover my lost bitcoin. They even told me that it took the long 18-20 hrs because the sc^mmers had moved the bitcoin from the wallet i paid to into another one. I will forever be grateful to REFUND POLICY, that’s why I am going to drop their contact details here incase anyone has been a victim of any crypto scam, it is not too late at all. Email: refund policy 82 at g mail dot com and their whats app is : + 1. 626. 770. 9574. Do not hesitate to get in touch with them.
tonyluis Says:
At: 6 months ago
This broker is a scam if only I had read about them before going into trade with them. 😡 they keep telling me to deposit more of my funds.. After I read about them and concluded and decided to reach out to Mrs. HARPER after I read so many reviews on how She has helped a lot of victims. Well, I am glad Mrs. HARPER was able to help me recover my money. You can get in touch with HER on their company mail Email: harperjamesplatform @ gmail com
tonyluis Says:
At: 6 months ago
This broker is a scam if only I had read about them before going into trade with them. 😡 they keep telling me to deposit more of my funds.. After I read about them and concluded and decided to reach out to Mrs. HARPER after I read so many reviews on how She has helped a lot of victims. Well, I am glad Mrs. HARPER was able to help me recover my money. You can get in touch with HER on their company mail Email: harperjamesplatform @ gmail com