Score
United Arab Emirates
|
5-10 years
| http://northstardmcc.com
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
United Arab Emirates
northstardmcc.com TurkeyNorthstar, registered in the UAE, was established in 2014 as a broker with the full name Northstar Commodity Trade Duba. It is said to be a registered member of DMCC, License number: 34217, and DGCX, a regulated government body in the United Arab Emirates (UAE) that trades gold and high-value commodities locally and globally. However, according to the results of the WifiFX investigation, the brokerage is currently in an unregulated state, so traders should be alert to false information and protect the safety of funds.
| Pros | Cons |
| None | No regulated |
| Too little information was disclosed |
Northstar is not regulated, so safety is not fully guaranteed, and traders should be aware of the risks.
Northstar allows traders to access customer support via phone and email. In addition, they can also be found through the offline address.
| Contact Options | Details |
| Phone | +9714 3835485 +971 564995527 |
| info@northstardmcc.com | |
| Website Language | English |
| Physical Address | 5419 Almas Tower JLT, Dubai-UAE P.O. Box: 243080 |
While Northstar has positioned itself as a broker focused on commodities trading, its unregulated status makes it a potentially risky option. Traders should consider choosing a broker with a strong regulatory framework to ensure that the trading experience is safe and secure.
Is Northstar safe？
No. Northstar is not regulated and traders should be careful and consider the risks involved.
Is Northstar good for beginners？
No, it's not for beginners. As an unregulated broker, Northstar may not be fully available in terms of security, educational resources, etc., and therefore cannot provide complete system assistance for beginners.
Is Northstar good for day trading？
No, not for day trading. The security of funds and the integrity of trade execution are important and critical for day trading, and regulation is a crucial consideration. But Northstar is not regulated.
Even as the parallel market exchange rate approaches N590/$1, the country's ongoing foreign exchange scarcity has worsened.
Let us now turn our attention to the first item of discussion for today: the central bank of Nigeria formally announced the commencement of the RT200 FX program in an effort to gain 200 billion dollars in FX repute over the following three to five years. The Rt200 forex program is based on the background value of increasing export facilities, non-oil commodity expansion facilities, and by on or non-all export summits. This strategy is projected to boost and weaken the supply side of the foreign exchange market, which is more important and influential than demand management involvement in the foreign exchange market.
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