What Northstar is
Northstar, also called Northstar Commodity Trade Dubai, is an online broker located at Jumeirah Lake Towers, JBC-4, Office-1204 P.O Box:243080 Dubai, UAE. incorporated in Dubai Multi Commodities Centre in 2014. WikiFX gives this broker a very low rating of 1.36/10, WikiFX also verifies that this broke doesn‘t have a legitimate license, which means it isn’t regulated by any regulatory institution and your money is at a risk under their management. Besides, Northstar seems to not have enough information in order to let people have a fully understanding of it.
One-Page Website
Extremely shabby as its website seems to be, Northstar gives people a feeling of unreliability. All we know from its website are one sentence of self-description, contact information, and so-called “Trade License 2017”. On its website, it is clueless to find out such as who owns and runs this company, and we also dont know what kind of business Northstar is focusing on, what instruments Northstar offers, and what trading platforms Northstar uses.
Non MT4/MT5 software
According to WikiFX, this broker doesnt use either MT4 or MT5 software to do business. If you are about to invest in this broker, please be aware of this point.
Conclusion
There is no evident showing that Northstar is regulated by FSCA or any other regulatory institution. It is risk for African traders to invest in Northstar. Thus, all African traders should avoid this broker and be aware of the risk. Northstar is a suspiciously offshore broker due to the lack of a lot of information, although WikiFX did not receive complaints from traders about this broker, we advise you to avoid Northstar before you have any unnecessary loss. WikiFX contains details of more than 31,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. You can open our website (https://www.WikiFX.com/en) for more information about the reliability of certain brokers. Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers that you are curious about.
