Berlinetta Trading is a product owned by the Berlinetta Forex Trading Group. The platform can now be accessed via Forex Store, and the price has changed from $247 to $287. With a warm presentation, the vendor misses the mark by failing to explain their strategy. Some traders may agree with the overall layout of the platform. It includes having a vendor that is providing users with the buy now button. Read this entire BerlinettaTrading review and find out what we think of it.
The platform uses the Internet Trade mirror, which is a free service for sending signals. With the vendor advocating for the use of the robot on MT4, the advantages remain to be seen. And this is why we have to stay away from recommending the robot. There are a few details that the vendor needs to work on to get our approval. Some of the elements the vendor needs to improve on is information on how the platform works. The vendor remains unclear on their strategy or who they are.
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From our initial investigation, Berlinetta Trading is a robot with the right idea. The only problem is the execution of their ideology. These vendors chose to remain anonymous, which is destructive in the online trading world. Investors want to use tools that they feel comfortable with. Trust plays a huge role when it comes to trading with online platforms. Ensure you sign up with a trusted tool that has years of the online trading experience. As for their online reputation, it remains to be seen.
As we indicated earlier, the vendor does a shoddy job in informing users of the platform’s capabilities. When it comes to the trading instruments the vendor uses, this remains to be seen. There are no quoted assets, and we believe the vendor uses major currency pairs. With the platform comes a no refund policy, which is another huge problem. Once you buy the product, that’s the last you will see of your funds. The vendor won’t care if the platform worked or not.
With the vendor failing to notify users of their location, one thing stands out. Berlinetta Trading is not yet compliant as we checked with various regulatory authorities. And this deals a blow to anyone who deposits funds with the platform. The vendor is not able to offer insurance cover for deposits made. There are a few missing details that make us question the position of the vendor. A vendor must inform users of their regulatory status. With this robot, the vendor fails to notify users of their lack of a working permit.
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Most traders will immediately take off once they learn that there is no license. The reason for this is that they fear the trader might shut down once they make the deposits. And this has been the case in the online trading industry. Smart investors avoid unregulated entities as they pose more risks than the projected returns. Without a valid license, the vendor is merely putting his interests above others. Such a careless vendor is only interested in profiting from selling the unregulated robot.
We are told that the Berlinetta Forex Trading Group is the company behind this platform. A quick search using company registrars in more jurisdictions came out empty. The company has no website, which is weird considering we are in the digital era. No trading company has not switched to the online board. Anonymity is a risky venture which is befalling this platform. With such a high risk involved with anonymous online investment platforms, we have to pass. The robot is not worth signing up with if the vendor is not transparent.
One of the biggest hurdles when it comes to online robots is when a developer blocks access to information. It leads to users having to buy a robot based on the expected ROI blindly. And this makes them experience the robot first hand without first having to test it. Those that have purchased the platform claim the robot is slow at executing trades. Others claim that the robot’s false signals are causing them to make losses. A few members are happy with the platform, as it seems to work great.
We have to breakdown what this robot is all about. It is a Forex EA that uses mirror trading. The developer fails to mention how mirror trading works perfectly with the robot. A smart investor will want to have a robot that has full strategy information. You want a robot that you understand how it works. The robot also fails to mention their timeframe, which is a huge letdown. Traders can expect to trade with major currency pairs such as AUD/USD, EUR/GBP, NZD/JPY, USD/JPY, among others.
On looking at the Forex Store page on this platform, we see that the platform went the name FX Street Robot. And this means that the vendor has recycled an old product and has a new name. These are the tactics that are associated with online scam artists. It is by far, one of the most damaging aspects of this review. Most traders who had signed up with FX Street Robot didn’t know the switch was made. The members lost their funds as the platform changed names without informing them.
Berlinetta Trading is scaling up, and they have moved the price higher. The new price is $287 up from $247. With this price, there are no added features of improved efficiency. And this shows that we are dealing with a platform that is led by a greedy developer. The developer should have made improvements first before increasing the purchase value. There is no advantage that the current member will get from buying the product. And this is another reason why we have to fold our hands with this robot.
Another significant issue with the platform is there are no contact details. The vendor leaves no contact information, which makes us question his/her motives. Why would the platform fail to have contact information on the support team or vendor? There is a clear sign that the vendor is not interested in helping aggrieved parties. Once you have a problem with the platform, users will have to deal with it on their own. And this is what makes trading with the platform a huge mistake.
When it comes to their trading performance, the platform looks promising. The vendor has done a noble thing and posted their results on FX Blue. With the available data, we see that the platform makes a total return of over 140 percent. The return is after 85 days of trading. Investors should note that the drawdown is at 16 percent, and the average trade time is 24.9 hours. We can see that the software often trades with a 72.1 percent winning streak, which is impressive. Although the numbers are stirring, we have to remember this is a small sample size.
Despite what we have seen in terms of the results, we won’t be recommending Berlinetta Trading. Although the platform provides a buy now button, there are some serious issues to consider. There is no clue on who the vendor is and whether he will switch to another name after a few months. With the switch already made in one instance, there is no way we can trust such a platform.
We won’t be recommending the platform due to the credibility issues facing the developer.
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