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WikiFX Review: Is Shining Star Group reliable?
Abstract：Shining Star Group is an online forex broker registered in the UK. We wonder if this broker is reliable. Therefore, this article is about showing the truth behind the broker.
About Shining Star Group
Shining Star Group is an online forex broker registered in the UK, allegedly offering a diversified range of trading instruments through the leading MT5 trading platform. Shining Star Group says its clients can enjoy competitive spreads from 0.0 pips, leverage up to 1:1000. It offers more than 1,800 trading instruments, and no specified trading instruments are displayed except forex pairs. The physical address of this broker is 71 - 75 SHELTON STREET, LONDON, ENGLAND WC2H 9JQ.
Regulation
Shining Star Group is currently not authorized or regulated by any regulatory authorities. Please be aware of the risk involved. WikiFX has given it a fairly low score of 1.47/10.
Minimum Deposit
The minimum deposit to invest with Shining Star Group is $10, which is acceptable for most regular investors.
Open an Account
Unfortunately, we do not find the specific info about this brokers account type.
Leverage
When it comes to leverage, Shining Star Grouppermits traders to use leverage of up to 1:1000, insanely higher than the levels regarded appropriate by many regulators.
Bear in mind that high leverage is not always the good thing, as it can magnify gains as well as losses.
Spreads & Commissions
Shining Star Group say it offers competitive spreads from 0.0 pips, and you can check out some real-time spreads displayed on its homepage.
Investors are advised to test the Shining Star Group MT5 trading platform to get a feel of its real trading environment.
Trading Platform
Shining Star Group offers its clients the access to popular MT5 trading platform that can be accessed on any device, Windows, IOS, and Android. MT5 offers a wealth of powerful analytical tools on multiple, flexible and interactive charts. With the MT5, you can create your own algorithmic hands-free or automated trading robots or download them from the store.
Everything you need to begin trading on the financial markets, including all of the above features, is available in a single, convenient interface.
Customer Support
You can reach out to Shining Star Group about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +971 0562023809
Email: support@shiningstarmarkets.com
Registered Company Address: 71 – 75 Shelton Street, London, England WC2H 9JQ
Conclusion
We dont advise traders to invest in this broker as it has a low WikiFX rating and is not regulated by any authorities. We suggest you find a better alternative so you can reduce the risk while trading. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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