Published on January 12th, 2020 | by John Kane3
Broker Review: Starling Capital
Today I’m looking at a binary options brokerage that is consistently tied to automated binary options trading robots, Starling Capital. They’ve been recommended multiple times as the broker of choice by poor trading systems. With that being said, I think it’s important we analyze what they have to offer, and determine once and for all whether or not they should be trusted by the binary options community.
The brokerage is located at Sofia 1463, Triaditsa District, Prestige Business Center, 49 Patriarch Evtimii, 4th floor, Bulgaria. They do however provide phone support in Sweden +46 (8) 420 02748 and the United States +1 (877) 258 9403. There is also email support via [email protected] or the contact form on their web-site.
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Starling Capital Review
The people behind the Starling Capital brokerage claim to have more than 5 years of experience in their mission is to bring binary options back to their simplest form. This mission is in line with the look and feel of their website, as it’s much more bland then the other binary options brokers I’ve come across.
They currently offer four different account types, so that they can serve every level of trader in the binary options marketplace.
- Entry Level – $350-$9,999
- Preferred – $10,000-$99,999
- Signature – $100,000-$499,999
- Premium – $500,000+
Each of these levels provide traders with different bonuses, access levels to guides and account managers. The entry-level account comes with a simple e-book an investment guide, but once you start getting into the preferred or signature accounts you get risk-free trades, bonuses, account managers and weekly private consultations. From my experience, account managers aren’t helpful at all and you are in almost every single case better off making your own trades.
The Starling Capital platform is very simple, and utilized by Morton Finance, and Glenridge Capital. They also have the same address as the JAFX brokerage which leads me to believe that there is some sort of relationship between these two. The other relationship discussed earlier is the fact that this brokerage is frequently the top recommended by Neo2 and Push Money App, two failed autotraders.
They provide a 70% return for all of their assets, and provide expiry times starting at 60 seconds, to daily, and even yearly options. I couldn’t imagine watching a single trade for an entire year. I feel like I would pull my hair out in a circumstance like this.
They are currently an unlicensed brokerage, which means they are 100% self regulated. This adds a significant degree of risk when it comes to retrieving your withdrawals.
There are a significant amount of negative reviews about the Starling Capital brokerage by the binary options community. The majority of these are coming in the form of comments, which is when I start to become concerned. If a review website leaves a negative review, I’m usually not fazed because so many of these review websites in the binary options market are scammers. However, in this case many of the reviews are comments that come across as very legitimate sources, so I cannot provide a recommendation today.
Please let me know you think about this brokerage and leave your customer comments and thoughts so that we can get a better understanding and either soft and or harden the final conclusion.
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