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Stella Markets Review - is it scam or safe?

Stella Markets Review - is scam or good forex broker?

RATING: 1 / 2 REVIEWS ForexBrokerz Stella Markets
Stella Markets is an offshore broker. Your money is not safe.


Scammed by Stella Markets ? Click here!

Trading Accounts and Conditions


Trading account  Min. deposit Min. trade size Max. leverage Average Spread
Bronze  €250 0.01 1:200  1.4 pips
Silver  €500 0.01 1:200  1.3 pips
Gold  €1 000 0.01 1:200  1.2 pips
Platinum  €5 000 0.01 1:200  1.0 pips


Stella Markets claims to be an online trading provider of cryptocurrencies, forex, commodities, stocks, equities and metals. It offers the four account types listed above, as well as access to the industry leading MT4.


Although the broker’s offer seems good, we have major concerns regarding Stella Markets, which we have highlighted in this review. In an attempt to be objective, we have also included some possible benefits of using this broker, provided that it is not a con-artist.



Stella Markets Advantages


Trading on the MT4

Stella Markets provides access to the forex market via the MetaTrader4 (MT4), which most experienced traders are familiar with. For those who aren’t we will simply say, it’s the industry standard for well over a decade. 


The MT4 is fairly easy to use and has multiple useful functions and tools, such as Expert Advisors for automated trading, top-notch charting with multiple indicators, easy customization options, and more.


Trading conditions (as announced) seem ok

Clients of Stella Markets are able to open an account with a deposit of EUR250, which is more or less the industry standard, and are extended a generous leverage of 1:200. Besides, the spreads announced on the broker’s website seem competitive, falling within the average range of 1.0 – 1.5 for forex majors. That being said, the demo MT4 account with Stella Markets reveals that the trading costs with this broker are significantly higher. You may find more information on demo spreads in the disadvantages section below.


A variety of tradeable assets

Another possible strong side of Stella Markets is its rich product portfolio, which includes currency pairs and various CFDs – on indices, commodities, precious metals and some of the most popular cryptocurrencies.



Stella Markets Disadvantages


Not regulated, blacklisted by Austrian FMA

A trading name of the Goldstone Group Ltd, Stella Markets is an offshore broker registered in the St. Vincent & the Grenadines (SVG). SVG is a very popular “destination” among forex brokerages, as they are not subjected to any licensing regime, nor financial oversight. Unsurprisingly, it is often a host of companies with somewhat dishonest intentions.



What is worse, we discovered that the Austrian Financial Market Authority (FMA) has warned the public against Stella Markets. More specifically, the FMA said that this entity “is not entitled to carry out banking transactions in Austria that require a license. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.” This is a clear-cut warning sign that Stella Markets might be a con-artist and that its clients may be open to substantial risk.


Demo spreads don’t match announced ones. Salty commission fees

It is always a good idea to try out a demo account with any broker prior to investing. As it turns out, many don’t announce their true trading conditions.



Click on the image to view larger.


In the case of Stella Markets, we found that the demo spreads are significantly lower than the announced ones, however salty commission fees apply ($20 on EUR/USD). So, trading costs with this broker are well above 2 pips on the most liquid currency pair, which is higher than the average in the industry.


For further information and comparison, you can always check the conditions offered by some of the best brokers.



>> Check out the spreads of some top-tier brokers in real time <<



MT4 provided by a third party

When we downloaded the MT4 from the broker’s website, we also noticed that it is provide by another offshore broker, SpartanFX . We don’t know whether and how the two companies are related, but either way, we consider it a disadvantage.



>> Use a better MT4 broker <<





Overall, Stella Markets does not seem as a reliable online trading provider. First, it is not clear what the real trading conditions are – demo spreads don’t match the spreads announced on the website, and it seems that the broker applies hefty commission fees. What is worse, Stella Markets is not licensed, nor overseen by any financial authority. Nonetheless, it seems that the broker illegally operates on the EU forex market, as the Austrian financial watchdog has blacklisted it.


In our reviews we keep reiterating the importance of regulation – the main thing to look for in the forex and cryptocurrency market, which is unfortunately full of fraudsters.


>> Regulated brokers, offering Bitcoin CFDs <<



Here are, in a nutshell, the pros and cons with regards to Stella Markets:


Pros Cons
MT4 offered Not regulated
Trading conditions (as announced) seem ok Blacklisted by Austrian FMA
A variety of tradeable assets Demo spreads don’t match announced ones. Salty commission fees
  MT4 provided by a third party


Latest news about Stella Markets
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website

Traders` reviews for Stella Markets
















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Stella Markets is a scam! They only pretend to do trading but they don‘t. Stop investing and Save your money. We have placed all claims with the police. This is a network of scammers

Markus 06/13/2019
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