Will ForeXStar put clients' funds in a segregated bank account?

https://forexstar.trade/    

ForeXStar, unfortunately, does not seem to have any safeguards in place to protect investors' funds due to its lack of licensing. It's crucial to note that trading with an unlicensed broker often makes it extremely difficult to realize profits, and funds entrusted to such a broker are not protected.

ForeXStar purports to be based in St. Vincent and the Grenadines, yet it is not registered with the Financial Services Authority (SVG FSA) in that jurisdiction. Even if it were registered with the SVG FSA, such registration would be irrelevant for online forex trading, as this offshore financial regulator does not supervise or license forex trading brokerage activities.

The absence of licensing information is a significant indicator of potential fraud and should serve as a sufficient reason to caution individuals against engaging with ForeXStar. For a safer trading environment, it is advisable to opt for brokers that are subject to rigorous regulation.