I usually review binary options software, but it seems that the Starling Capital broker has been popping up with numerous scam software and it’s necessary to shine some light on them. They have been a “preferred” broker by scams such as the NEO2, Push Money App, and many more which is enough to show that it really is notatrusted broker.
What I feel is most important here is the fact that the domain for these guys was registered in March of 2016. The company itself opened on the first of May. Owned by Chromex Capital Ltd which is located in the Marshall Islands but their contact information is in the US and Sweden. There is more interesting facts in their contact information that I will discuss further.
They seem like any regular broker, only their website is rather bland. They have definitely put little effort into it which makes it seem obvious that the sole goal is to get you to invest using one of the numerous scam websites that are their affiliates. In fact, you don’t really get an idea that they are a broker unless you land specifically on their page through one of the affiliated scams.
They have four different levels of investment where you receive various benefits depending on the amount you invest. Honestly, from the looks of it, you really do not get much extra by investing more. Considering the lack of effort put into the website itself, you can imagine how great their investment or trading guide will be, not to mention the offered consultation with an expert analyst.
Now, again, back to their contact information. I couldn’t help but notice their address in Bulgaria as well. Decided to look up this address and discovered that it is actually connected to several other scam brokers including Morton Finance, Bloombex Options, JAFX, and more. Now, after reading into it, it seems that this company, or whoever is at that address is responsible for their payment services. What actually worried me is not so much the fact that your billing information goes through Bulgaria (which, is a bit worrisome) but the fact that the company at this very same address has a different name on each of these scam broker websites. In one its JAFX EOOD, in another its E.B.Services Ltd, and with the Starling Capital Scam Broker its C.C. Services Ltd. It just doesn’t add up.
It’s always important to know what you are getting yourself into. Although I never recommend investing more than the minimum with any given broker if you do not have any previous experience with them, many choose to do so just so they can get the bonus. The problem with the bonuses though is that withdrawing is a pain unless you meet their terms. This usually means your funds will be locked in until you reach a certain trading volume. In this case it’s the bonus amount and initial deposit by 27.
I know they are focusing on keeping things as simple as possible, but I think this is taking things too far. The software is beyond simple, it’s completely useless if you ask me. Simplicity is good but laziness is taking it too far. You select the asset from the Asset List at the top left and then select the expiry. At this point from the looks of it the return is at 70% for all. After that select the up or down arrow, the amount you want to bid for the trade, and click select expiry. From that point on, simply wait and hope for the best. Honestly though, I am not completely convinced. The rates seem accurate, those that I checked at least, but the question is how fast their system is and whether it will place your trade properly and on time.
As I mentioned earlier, this is a relatively new broker. The fact that they have been around since March 31 of this year and actively working since May, I cannot see how anyone would be willing to just jump on the bandwagon and hope for the best. There is no positive feedback anywhere online. I have yet to find a trader that has had any success. In fact, all of the information that I have found on them is negative. Funny enough, even the Binary Options Watchdog website that promotes the NEO2 scam notes that this is a scam broker that should be avoided (even though the NEO2 scam actually used Starling Capital as their “preferred” broker at one point).
I have found numerous complaints about lack of communication, incompetent people as their customer support, problems with deposits and activation of platform, and numerous other issues. There aren’t that many comments on them out there simply because they have been around for such a short time.
The mere fact that the people handling their payment services is pretty much non-existent is enough to get me to worry. I have searched in various registrars in Bulgaria to find this company and absolutely no information comes back. Considering that they are the company that handles payments one would think that they would actually exist and be registered. There is no website, I cannot find them in the registrars, and honestly, the only time they appear anywhere online is the same as with this scam broker, as contacts for payment services.
Considering the numerous complaints I found, the issues people are experiencing, their very short existence, complete lack of effort in making the website, and numerous other issues I have noticed in my research of this company that is NOT REGISTERED OR REGULATED, I do believe that the Starling Capital broker is in fact a scam and should be avoided.