Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); has been flagged by ASIC (Australia) for "Imposter". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: starfundsfx.com.
Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Responsive team|Tax reports included|Transparent fees
Cons: No dark mode on mobile
KYC with Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: High security standards|Automated trading options|Fast deposits|Quick verification
Cons: Minimum deposit could be lower|Limited ETF selection
The hidden fees at Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: No hidden fees|Easy to use platform|Competitive fees
Cons: Some tools only available on higher tiers
I have been trying to close my account with Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Instant funding|Great customer service|Clear documentation|Responsive team
Cons: Desktop app not available on Linux|Limited social trading features
What really bothers me about Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through word of mouth in my investment club and I fell for the polished exterior. Never again.
Pros: Two-factor authentication|High security standards|No hidden fees|Transparent fees
Cons: Onboarding videos are outdated|Search feature is basic
Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Segregated accounts|Intuitive for beginners
Cons: Some tools only available on higher tiers|Website design could be more modern
My card was charged twice by Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); on the same day. I had to dispute it with my bank. Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Personal attention|Easy withdrawals|Portfolio tracking tools|Professional team
Cons: Mobile app could be improved|Limited ETF selection
Do not believe the bonus offer from Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc);. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after seeing their ad online and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Regular platform improvements|Demo account available
Cons: Some tools only available on higher tiers
The only good thing about Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); is that they remind you why regulation matters. I found them through a forum discussion. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Full transparency|Fast execution|Real-time alerts|Market news feed
Cons: Account statements could be more detailed
Impersonation of Star Funds Management Pty Ltd (starfundsfx.com and starfunds.cc); advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Intuitive for beginners|Personal attention|Social trading features
Cons: Limited ETF selection|Email notifications too frequent