Beware! Samstar Capital is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Samstar Capital is one of those anonymous websites that tries to pass itself off as a multi-regulated and award-winning forex broker. In this review, we will look at the clues that expose that the truth is just the opposite. Samstar Capital is nothing more than another online scam that you should avoid.

Samstar Capital Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Samstar Capital
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

Samstar Capital claims that it is based in London and that it has licences to operate in Cyprus, South Africa and other regulated jurisdictions.

But here we run into the first obvious problem – the website does not name an owning company, nor does it provide access to legal documentation such as a Customer Agreement and Terms and Conditions. This excludes Samstar Capital as a licensed financial services provider.

A check of the records of the relevant financial regulators shows that there is no authorised broker using the Samstar Capital’s brand name and domain.

Under no circumstances should you trust your money to such anonymous websites full of false and contradictory information. Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK.

As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.

Samstar Capital Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Samstar Capital
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

After registering an account, we get access to a pretty basic web trading platform that doesn’t feature extensive customization options or advanced functionality.

We’ve seen the exact same platform being used by multiple fake brokers we’ve encountered. Scammers are using rigged trading software to fool their victims into believing that their money is really being invested and even turning a profit.

While the platform has the basic features for placing orders, customising charts and application of technical indicators, it lacks the more advanced functionality found in the most widely used trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Samstar Capital Trading instruments

Samstar Capital

Samstar Capital advertises that it offers trading in all major financial asset classes. But as stated, we have no reason to believe that this fishy website offers real trading.

Samstar Capital Spreads and cost of trading

Samstar CapitalXMFBSFXTM
Spread EURUSD51.711.1
Spread GBPUSD51.31.21.4
Spread USDJPY51.31.21.4

The website lacks information about the price paid by the customer. The trading platform shows a spread of 5 pips – an extremely high and unprofitable level for the trader.

Samstar Capital Maximum leverage

Samstar Capital500:1100:110:1100:1100:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Samstar Capital states that it offers leverage up to 1:500. This is also proof that this is not a licensed forex broker.

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Samstar Capital Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Credit cardInstant24 hoursNot specified
Crypto24 hours24 hoursFee depends on crypto

At the time of writing this review, there were no active options on the Samstar Capital deposit menu. In the withdrawal menu we see options for credit card, wire transfer and cryptocurrency.

Scammers prefer cryptocurrencies because these transactions are not subject to refunds. Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

Samstar Capital Minimum deposit

Samstar CapitalXMFBSFXTM
Minimum deposit$250$5$10$5

Samstar Capital requires a minimum deposit of 250 USD – an amount for which you can open an account with any licensed broker in the world.

Samstar Capital Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Samstar CapitalNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet  withdrawal terms.

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BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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