Interstellar FX has become an interesting player in the world of online foreign exchange and CFD trading. With more than ten years of experience, it’s become known for providing affordable rates, advanced technology, and top-notch services to different investors.
This forex trading broker review will explore Interstellar FX, covering everything from its company overview and service offerings to its regulatory framework and fund safety measures.
Interstellar FX: Overview
Established: 2012
Headquarters: Cyprus
Trading Platforms: MetaTrader 4, MetaTrader 5
Mobile Trading: Yes
Minimum Deposit: $50
Account Types: Standard, ECN , Union, Cent
Founded in 2012, Interstellar FX stands as a seasoned commission broker in the foreign exchange CFDs market. The broker’s spreads are competitive with account types tailored to different trader needs, such as Standard, ECN, Union, and Cent accounts.
The firm offers a variety of financial services, including forex, metals, energies, and indices trading. Moreover, the broker ensures rapid and safe fund payment methods, and customer service in multiple languages.
Regulation and Registration
Interstellar FX operates under the legal framework of several regulatory bodies, ensuring its compliance with international financial standards. The broker is owned and operated by “The First Interstellar Capital Limited”, a Cyprus Investment Firm registered with the Cyprus Securities and Exchange Commission (CySEC).
Additionally, it’s regulated by the Seychelles Financial Services Authority, with First Interstellar Global Ltd overseeing its operations. However, it’s crucial to note that Interstellar FX does not offer CFDs in certain jurisdictions, including the USA, Iran, Canada, Belgium, and France.
Account Types of Interstellar FX
1. Standard Account
- Minimum Deposit: $50
- Maximum Leverage: 500
- Instruments: Forex, commodities, indices, stocks, and cryptocurrencies
2. ECN Account
- Minimum Deposit: $50
- Maximum Leverage: 500
- Instruments: Forex, commodities, indices, stocks, and cryptocurrencies
3. Union Account
- Minimum Deposit: $50
- Maximum Leverage: 500
- Instruments: Forex, commodities, indices, stocks, and cryptocurrencies
4. Cent Account
- Minimum Deposit: $50
- Maximum Leverage: 500
- Instruments: Forex, commodities, indices, stocks, and cryptocurrencies
However, it is important for traders to directly contact Interstellar FX for more comprehensive information. Acquiring detailed insights into the spreads and commissions will enable traders to make well-informed decisions that align with their trading goals and strategies.
Deposit and Withdrawal
Clients can choose from several deposit methods, including local payment (UnionPay), digital currency, and telegraphic transfer. For UnionPay and digital currency options, deposits are credited instantly and approximately within 30 minutes, respectively. Telegraphic transfer, on the other hand, takes about 3-5 days for fund deposits.
For fund withdrawal, Interstellar FX ensures a similarly efficient process. Withdrawals via local payment and digital currency are processed on the same working day. For telegraphic transfers, the withdrawal time is subject to the processing times of the banks involved.
Products in Interstellar FX
The firm caters to different financial interests through its trading products listed below:
- Forex
- Metals
- Energies
- Indices
Trading Platform of Interstellar FX
To enhance the trading experience, Interstellar FX provides access to world-renowned trading platforms, which include:
- MetaTrader 4
- MetaTrader 5
Fees of Interstellar FX
There are no transaction fees for deposits made via local payment and digital currency, whereas telegraphic transfers incur a fee of $30-40.
Likewise, the broker does not charge any transaction fees for withdrawals, regardless of the method chosen. However, it’s important for traders to be aware that banks might impose certain charges, which will be deducted directly from the withdrawal amount.
Interstellar FX Promotions
Currently, Interstellar FX does not offer any promotional deals for new or existing clients. Traders are encouraged to stay updated with the broker for any upcoming promotions or special offers that might be introduced to enhance their trading experience.
Customer Support
- Email: [email protected]
- Phone (Singapore): +65 8908 0276, +6598386976
- Live Chat: 24/5
Pros and Cons
Pros
- Multiple account types
- Rapid and safe payment methods
- Multilingual customer service
- Compliant with regulations
- Accessibility to MetaTrader 4 and 5
- Low minimum deposit
Cons
- Limited information on spreads and commissions
- Lack of promotions for new or existing clients
- Restrictions on CFDs in certain jurisdictions
- Additional withdrawal costs
Pros Explained
- Multiple account types cater to the diverse needs and strategies of different traders.
- Rapid and safe payment methods provide convenience and security in transactions.
- Multilingual customer service ensures effective communication with a global client base.
- The broker’s compliance with regulatory standards assures traders of its legitimacy and safety.
- Access to popular trading platforms like MetaTrader 4 and 5 offers robust trading tools and features.
- A low minimum deposit of $50 makes it accessible to a broad range of traders.
Cons Explained
- The limited information on spreads and commissions can make it challenging for traders to fully understand trading costs.
- The absence of promotional offers may be less appealing to traders looking for additional incentives.
- CFDs are not offered in certain jurisdictions, such as the USA, Iran, Canada, Belgium, and France, limiting access for traders in these regions.
- While Interstellar FX does not charge for withdrawals, traders may incur bank charges, adding to their trading cost.
Is Interstellar FX Worth Considering?
Interstellar FX stands out in the competitive world of online trading. With its establishment in 2011 and regulation under CySEC, it offers a secure and reliable platform. The broker provides access to popular MetaTrader platforms and varied account types for clients with different styles.
Despite its limitations, such as limited details on spreads and commissions and a lack of promotional offers, the broker remains appealing. Its strengths lie in regulatory compliance and the availability of multiple account options. Additionally, its various trading platforms make it an attractive option for all traders.
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