Fullstar

Fullstar pretends to be a broker from the UK. Says he’s a win-win. Promises comprehensive support for managers. Whistles about guaranteed profits through automation.

The truth is emerging, it’s worth starting to check the Fullstar broker for lice. Registration is available. There is no license that gives the right to be a broker. In this situation, it becomes clear: you cannot give an entrance ticket, otherwise you will have to take away your capital.

The list of tools is bad. The official Fullstar website provides only types of financial assets. Not an ounce of specifics. There is no need to be surprised. This situation is the norm for scammers.

Rating Forex warns: the asset pool of the fake broker Fullstar contains CFDs of cryptocurrencies. This is a sign of a scammer. Real intermediaries in the Forex market do not deal with cryptocurrency.

Terms of trading with the Fullstar scam are in the account descriptions. In this case, I also didn’t indulge in specifics. Eat:

• off-scale shoulder;
• “kitchen” stop out, margin call;
• minimum transaction volume typical for dealers.

The scammer forgot to tell you about spreads and swaps. The same problem with replenishing the deposit and withdrawing money. Fullstar doesn’t mention any of this.

Rating Forex warns: Forex scammer steals money with every deposit. In between times, he shows a performance – trading at a loss. He also gives out loans that the victim didn’t even try to take out.

Terms of cooperation

The scammer “Fullstar” offers to trade 6 types of assets:

• currency pairs;
• indexes;
• raw materials;
• bonds;
• Cryptocurrency CFDs;
• shares.

At the same time, there is no complete list of financial instruments on the Forex scam website. Descriptions only. It is important to understand: a real broker does not hide assets from the trader. Even if they have not entered their “Personal Account”.

The Fullstar scammer pretends to bring transactions to the real market. Attention: given that the list of assets includes cryptocurrency, this is not possible. There are no liquidity providers for cryptocurrency CFDs. Trading is simulated on Sharashka servers. She can move prices any way she wants.

Scam “Fullstar” uses a browser terminal. Previously, he sent me to register on trade.fullstar.net. Now his fake platform is online.fullstar.net. It is not connected to real markets.

Sharashka has 5 types of accounts:

• Lite.
• Plus.
• Elite.
• Prime.
• FXSSI.

They differ in some specifications.

Account Deposit Commission Leverage Maximum trade volume Swap

• Lite $250 $12 1:100 5 lots
• Standard Plus $1000 $10 1:200 10 lots
• Elite $5000 $8 1:300 20 lots
• Prime $20000 No 1:500 50 lots No
• FXSSI $5000 No 1:100 5 lots

Here is another piece of ironclad evidence that instead of trading, Fullstar cheats and cheats:

commissions are too high;
There are no specifics on spreads;
shoulder goes off scale.

Nothing like this happens with normal brokers. Every trader should know: the absence of a swap must be compensated by specific commissions. The scam hides them, as well as the swap size for each financial instrument.

Fake broker Fullstar promises 100% margin call and 50% stop out. Rating Forex warns: levels are very low. They say: our hero is not afraid of losing part of his leveraged funds. This is only possible in one case – when trading is simulated.

Registration and regulation

The site https://fullstar.net says: operated by FLSTAR UK LTD, a company registered in the UK. There’s even a link to her Companies House page.

Rating Forex checked: the company FLSTAR UK LTD exists. Registration date: April 2023. According to SIC (Standard Industry Classification) codes, the office may be involved in the management of financial markets and funds. But these are not the codes that a Forex broker should have.

According to the history of documents, the authorized capital of FLSTAR UK LTD is £ 50 million. This is an impressive figure. It just can’t be confirmed.

The fact is that in the UK you can register a company with any data. It’s cheap. All information will be verified only after a year, when it is time to submit reports.

Rating Forex reminds: Forex scammers often create shell companies and indicate prohibitive authorized capital. They have a whole year without any checks to scam people out of money.

To be a broker in the UK, it is not enough to just be registered. FCA license required. She can confirm the reality of the forex broker. Only the British regulator does not know about the existence of FLSTAR UK LTD.

FLSTAR UK LTD is a fake company. She cannot honestly provide brokerage services. No liquidity provider will cooperate with her. Rating Forex warns: the conclusion of transactions on the interbank market is a fairy tale. Everyone who believes will get burned.

How Fullstar scams people out of money

The scammers behind the fake broker Fullstar find victims through cold calls, mailings and other gray methods. They tell tales about favorable trading conditions. They promise to give you the opportunity to earn money without any effort. Even in automatic mode.

When the victim replenishes the deposit, he immediately loses money. In the terminal on https://online.fullstar.net and other online platforms, the scam doesn’t even smell like real capital. The trash heap simply imitates trading.

At the same time, it’s not enough for the sharashkin’s office to steal the entrance ticket. She comes up with fairy tales about the loan she supposedly gives for trading. Then he demands it back. If the victim refuses, he threatens her with a fine. Everyone who falls for this situation calculates the loss.