Starfish FX is a Starfish Capital’s daughter company, working as its subsidiary. New Zealand is the home of its main office, but the company, of course, works globally from its headquarters. There is one exception, and that is the US-based traders cannot enter. The company’s roots stretch back to more than 20 years ago when it was founded. It offers its clients MT4 platform which enables clients to trade with the world’s best known trading platform. Financial Services regulates Starfich and it, noteworthy, it works under all necessary regulations and laws.
Starfish offers three ways to register. Clients can register with classic account, pro account and VIP. Each being different with more features as it the level grows, with classic offering the basic tools and options to trade and VIP offers all that Starfish has to offer. Classic account can be opened with $2000 minimum deposit. If someone would first like to consider and inspect more, there is a trial account where traders can browse the platform a little bit. It is also suitable for beginners who wish to get to know the FX and how it goes.
PRO and VIP accounts offer more tools and options for traders. Starfish recommends the use of MT4, and by what has been known so far, everything needed for successful trading is pretty much covered with MT4. It’s a platform based on web, easy to navigate through and user-friendly. Starfish also offers apps for mobile devices which, namely iPad, iPhone and other Android-run devices.
It is possible to deposit fund in several currencies which can be deposited with credit and debit cards, wire transfer and pay pal. Fees here are charged, different amount for different method. Withdrawal is not charged, except for the fact that pay pal or your bank might charge, or some other third party.
As for currencies that would mark your account, those can be EUR, GBP, USD or CHF.
At Starfish FX, there are 83 different financial instruments.
Traders can choose from different accounts with each having its minimum levels of investment, and specific levels of trade sizes. Starfish’s Classic account is a basic. The minimum trade for basic binary trading is $25.
Starfish gives 77% earning for binary options.
To get to that earning percentage, a trader has to invest at least $100 in Options Builder, as for One Touch, it is necessary to place $50 minimum. Starfish PRO account holders and VIP accounts can chose trading sizes, but in turn, to be a pro or vip account holder, a trader previously gives that $100 or $50 anyway.
As for bonuses on the other hand, for the first time you get 30% and for other deposits you get ten percent whenever you deposit.
This company gives its clients much to pay attention to, for example tools to analyze the market, which is made and designed in a way that even beginners can get a lot of use from it. There is a nice signaling tool at Starfixh, and it is called Autocharist. It is made to give automatic signals if a trader isn’t experienced yet to get his/her own signals. There is economic calendar which helps you to follow how you assets move on the market.
There is more cool stuff for newbie traders in terms of showing each platform and how it works, hot to trade with it. It is possible to start with demo account that could help you get around Starfish before deciding to invest your real money.
You can use Starfish in Indonesian, Chinese and English. This is so that traders from Asia that struggle with English can have a chance to do their best without language barrier, at least for those from China or Indonesia. However, one minus goes to the lack of live chat. There is a phone line and email service.
Stafishfx History :
In 2013 ZuluTrade.com has recently entered into a partnership with a New Zealand headquartered broker Starfish FX.
Starfish FX is a Forex broker that works with institutional and retail clients. When ZuluTrade rationalized entering the partnership, it mentioned Starfish’s attractive bonuses and also some other aspects of the company that it believed to be good for attracting clients. Zulu, among other things mentioned Starfish’s seminars and other learning material that the New Zealand based company offers.
Zulu further said that Starfish aims to make sure that traders get diversified offering and broader services, among which is the Starfish MasterCard. The main card’s benefit is highly improved withdrawing money.
Other thing that Zulu pointed out was the VIP account, or rather, VIP club.
In Starfish, it truly stands for VIP, as explained by Zulu. For instance, a VIP member gets personalized contact with the support team, training on individual basis, or seasonal bonuses and so on.
For Zulu, this meant more expanding, as in 2013, the company exceeded half a million users. It was probably the world’s best know autotrading platform (a platform where traders were able to “follow” another trader; for novice traders it was good to follow professional traders) but with entering a partnership with Starfish it said it became much more.
Zulu’s CEO, Leon Yohai, said that Starfish was an addition to its broker portfolio, additionally important because of New Zealand’s geographical position (market opens earlier in New Zealand because of the time zones). Yohai also mentioned New Zealand’s presence for his own company.
This might seem like a better place for novice traders, compared to experienced ones, but even if you are just about to retire from a half-a-century long trading career, you’ll find Starfish FX to be a solid broker for binary options that gives more than enough for you to be this company’s client. Starfish is a regular company with MT4 platform that you can use even for your demo account. Having this common, but generous bonus rally, novice users are most welcome, with all the help they might need to trade. Experienced users can benefit from bonuses as well.
After the fourth quarter of financial 2013 turned to be bad for traders in forex market, some of the brokers took the advantage and introduced some new products to traders.
Starfish FX was one of the brokers that made well in 2014 as it managed to pull out of the gloomy situation for the brokers with its Meta Trader Binary Options. Starfish was the first company to do so.
Starfish combined binary options with world’s best known trading platform, which is also not just popular without a reason.
The chief operating officer of the company said in an interview that traders were given a chance to get as much as 80% of profit with a pip moving from 0.1. He explained that low volatility got to hard times in trading, as such atmosphere is so challenging for speculators because it gives so little trading opportunity. In binary options, however, he explained that the choice is different. It basically means that a trader can have a trading window each new minute
He also explained the meaning of combining MT4 with the binary options. He said that what Starfish did is it managed to get the delay to its lowest possible terms, which can be achieved better in a platform based on MT4, than it can in a browser build platform.