NorthStar
We checked NorthStar against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
NorthStar claims to be based in the UAE and states that it holds a certificate issued by the Dubai Multi Commodities Centre (DMCC) under the entity name North Star Commodity Trade. While we can confirm the existence of this license, it is critical to understand that DMCC is not a financial regulatory authority and does not oversee or license forex trading activities. In the UAE, the proper regulator for forex and securities is the Securities and Commodities Authority (SCA), yet our search of the SCA’s official register yielded no record of NorthStar or any affiliated entity. Furthermore, NorthStar asserts that it holds a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN). However, we were unable to verify this claim in FinCEN’s public database. More importantly, even if such an registration existed, FinCEN does not regulate forex brokers or provide investor protection, but solely focuses on anti-money laundering compliance. Therefore, NorthStar is unlicensed by any regulator and appears to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report NorthStar.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.