Company name: Starfish Markets Limited

Registration/license: None

Registration/license requirement: –

Is StarfishFX a regulated forex broker or a scam?

no, StarfishFX broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

StarfishFX is a Forex and CFD broker that claims to be located in the United Kingdom. They provide a UK address and a Hong Kong country code, so it is quite confusing the location of their office.

Also if you check more info about the Starfish Markets Limited on the Internet, the company was registered in New Zealand but was banned by the New Zealand’s FMA (Financial Markets Authority).

We recommend you to stay away from the brokers with no license, especially when they are in the warning lists of the regulators.

In case of getting the license from New Zealand’s FMA (Financial Markets Authority), the broker needs to have a physical office in New Zealand and minimum net tangible assets of 1 million NZD or 10% of average revenue. It is about USD 35,000- USD 50,000 for a license depending on its type.

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