Exposing Stargaze Capital: Pending Withdrawals, Unauthorized Operations

Stargaze Capital, a forex broker supposedly located in the United Kingdom, has recently been hit with negative client feedback and warned by regulators. This piece serves as a beacon of caution, illuminating why you should not engage with the broker.

What problems did this trader have with Stargaze Capital?

Recently, a trader from Malaysia reported to BrokersView about his bad trading experience with Stargaze Capital. In December of last year, the client made three separate deposits of $100 with the platform. After conducting a series of transactions, he submitted two withdrawal requests of $50 in late December and in January this year respectively, but they have been pending.

Is Stargaze Capital Regulated?

Stargaze Capital doesn’t present any regulatory information on its website pages or in its docs. 

Although Stargaze Capital claims to be registered in the United Kingdom, the truth is that no matching information can be found in the database of the Financial Conduct Authority (FCA). Obviously, Stargaze Capital is an unregulated forex trading provider.

Which regulators have warned Stargaze Capital?

On Feb 5, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added Stargaze Capital to its warning list for unauthorized provision of financial services.

On March 22, 2024, the Financial Authority (Autorité des Marchés Financiers, AMF) added Stargaze Capital to its warning list, flagging it as an unauthorized company engaging in forex activities.

The warnings from reputable regulatory agencies further highlight the fact that Stargaze Capital is illegally operating as a forex broker.

Dishonest Stargaze Capital

On the home page of its website, Stargaze Capital presents its "brilliant" performance, claiming to have almost 300,000 clients. However, the website was created less than a year ago, so the data is clearly false.

Bottomline

The path to financial independence is paved with both opportunity and peril, especially in the forex trading sector. Forex trading is no walk in the park, requiring a steadfast commitment to due diligence and prudence except for an unwavering dedication to risk management. With the prevalence of fraudulent brokers, vigilance is more important than ever for you to safeguard personal finances and mitigate the risks associated with unregulated trading platforms.