Hi Shakti Sinha,
Thank you for your message.
Whilst we have not fully evaluated All Stars Trading, I’ve done some initial digging into the brokerage following your message, and I have some concerns:
- Limited Regulation: Allstarstrading.com is operated by IOS INVESTMENTS Limited, which is registered with the International Financial Services Commission of Belize. This is considered a ‘red tier’ regulator according to DayTrading.com’s Regulation & Trust Rating, meaning it operates with less oversight compared to brokers under more stringent regulatory bodies.
- Lack of Recognition: The broker is relatively unknown in the industry, with limited visibility in terms of reputation, reviews from other traders, or endorsements from industry professionals. This lack of a track record may increase the risk to your funds.
- Website Quality: The website appears poorly developed, relying heavily on stock images and generic buzzwords rather than detailed, verifiable information. Furthermore, there’s little transparency about the actual individuals running the company, and I was unable to reach anyone through the listed contact number.
- High Deposit Requirements: The minimum deposit for the Entry account is $500 – already above the industry average – and the Platinum account requires $100,000. This is a steep ask, especially when no demo account appears to be available to thoroughly evaluate the platform beforehand.
