Moon Star does not specify the office address and place of registration of the company. Besides, there is no information on the history of the brand and the date of its launch. As for the domain, it was registered in May 2023. According to the legal documents, the broker does not have any regulators and the project does not have a license. It’s worth noting that in the account registration form on the website, there are dozens of countries in which the application from clients is considered, for example, Syria, the USA, Afghanistan. Finally, there are no communication channels other than e-mail to contact technical support.
How safe is it to trade on this platform? Can you make a profit here? We will study the functions of the terminal, and the user’s capabilities in the process of margin trading in various assets and make a conclusion about the reliability of the broker.
Moon Star connects its platform to the world’s major CFD and Forex markets. The terminal works on Windows computers, it is also available in apps for smartphones and tablets. You can trade currency pairs, indices, cryptocurrencies, energy, metals, futures, and stocks. The broker promises to keep client funds separate from operational accounts, meaning that the company cannot manage them. For security purposes, personal data is protected by the “Steel Cage” system.
The service gives you a choice of 5 tariff plans. You can choose an account with different minimum deposit amounts and other parameters from the following options:
- Beginner from $5,000 – leverage 1:10, limited open position amounts
- Trader from $10,000 – leverage 1:20, limited open position amounts.
- Expert from $25,000 – leverage 1:30, unlimited open position amounts, trading signals
- VIP from $50,000 – leverage 1:40, unlimited open position amounts, trading signals
- Exclusive from $100,000 – leverage 1:50, unlimited open position amounts, trading signals.
All account types have a minimum trade size of 0.01 lot, Free VPS, and full 24/5 support. Moon Star provides all clients with a personal account manager.
Deposits and withdrawals are possible via credit/debit card or bank account. A withdrawal request is processed within 3 days, then the transaction is processed for another 5-7 days. The minimum withdrawal amount is $50. The broker does not charge any withdrawal fees.
If you use credit card transactions, keep in mind that they have limitations. For example, no more than 10 transactions when withdrawing $10,000 to the card.
Your income can be increased by bonuses and rewards for participation in the affiliate program. You must trade a minimum volume before you can withdraw bonus funds. It is ¼ of the bonus amount. Otherwise, the bonus amount will be withdrawn by the broker from your account after 60 days from the deposit date.
The site has a stock ticker from TradingView (platform and social network) All users on Moon Star have access to sections of the site with technical analysis, market quotes, economic calendar, crypto market, and trading hours.