BitStarMarkets Review: Simple Scam

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BitStarMarkets Review: Simple Scam

BitStarMarkets claims that it is a reliable financial advisor that will guide you in the volatile market. The entity will never make you profit because it is another obvious scam. The venture is not recognized by any financial body in the industry.

They are operating in their own accord. Therefore, anything can happen, even exiting the market at their own will. The company brags that it will help you trade in the easiest way possible. You do not need to download anything.

Furthermore, you will have the opportunity to trade over 200 assets. Scammers like BitStarMarkets are tactical and good with words. Therefore, it is very easy for them to convince investors. We do not recommend sharing your personal information with the shady venture.

This is because they will share your data with a third party. You will then start receiving the call that lures you with enticing offers. The broker is allegedly using the latest technology to generate high profits for their clients.

The platform additionally claims that it provides trading education to its customers. It aids them in making an informed decision and to succeed in their trading activities. You need to sign up for you to start living the dream. Sadly, they will steal from you without having second thoughts. Review

The entity is another scam that has invaded the market. BitStarMarkets features several benefits that come with entrusting your funds with them. The fraud claim that they have an advanced trading platform, yet it does not have the MT4 interface.

There is no information regarding the team that handles investors’ funds. The platform brags that it has a year of experience, yet they are less than a year old. The domain is only registered for one year.

BitStarMarkets Review, Platform

BitStarMarkets has no intention of being around in the future. Additionally, we do not know the person who is behind this entity. The broker lacks transparency, and once their system collapses, the authority will not come to your rescue.

There are trustworthy forex brokers in the market that you can use to earn an extra income. the relevant authority regulates them, and your funds will be secure in their venture. Additionally, these platforms provide excellent customer support services.

BitStarMarkets does not have enough traffic coming to their website. The kind of services and rewards that they are offering investors should be flocking in their platform. Unfortunately, this is not the case because it is a fraudulent firm.

Trading Conditions

BitStarMarkets provide a web trading platform. The features available in this venture are incomparable to the MT4 interface. Their trading platform has minimal trading tools and cannot execute trades automatically.

The minimum amount that is acceptable by this venture is $250. The entity offers leverage of 1:40. The firm has attractive bonuses available to its clients. However, the company ensures that traders will never cash out their earnings.

You will never find a legit company offering such rewards or having stringent measures for withdrawals. BitStarMarkets require traders to have traded a minimum of 30 times their initial deposited capital and the bonus.

You will never be able to attain their desires. Therefore, do not waste your time and funds with this scam. Additionally, the company contradicts the information they provide. It assures traders that the bonus policy is mandatory yet the firm also states every account once opened is credited.

Therefore, as you can see, you will be tied to their bonus policy. If you attempt to cash out without meeting the required turnover, you risk losing the profits as well as the rewards. BitStarMarkets is a weird investment company that is only interested in clients’ funds.

Withdrawal and Deposits

The company claims that it has a micro account for its customers in T&C. However, no amount is specified. Their initial deposit is a bit high, and you can find regulated brokers accepting as low as $10.

The deposit methods which the entity avails are; wire transfers and credit cards. In case we have failed to convince you that this venture is not trustworthy, then cash in via credit cards. You can issue a chargeback within 540 days.

Contact Details

BitStarMarkets is allegedly located at Bleichweg 21, 8002 Zurich, Switzerland. However, it is hard to verify if this is the actual location of this broker. They feature an email address as well as a telephone number, which investors’ can use to reach them

Most of the time, you will find that illegal investment ventures will only contact you when a need arises. Unfortunately, once you deposit funds, they will avoid having any engagement.

The company is most likely an offshore venture. They will exit the market whenever it pleases them without minding their clients. Invest in a legit platform that cares about their clients.

Is BitStarMarkets Regulated?

Unfortunately, the company does not have a license from any financial watchdog in the world. Nonetheless, BitStarMarkets claim to be regulated by Switzerland’s financial body, but this is another false allegation.

FINMA is one of the strict watchdogs in the market that does not joke about their clients’ safety. The entity needs to have a substantial amount before conducting financial services in Switzerland. The initial capital of over 20 million must be deposited in their name.

Furthermore, if you read their terms and conditions, you will see that the agreement between the company and traders is bound by Marshall Island jurisdiction. The country does not regulate forex brokers or any other online investment venture.

The amount is equivalent to almost $22M. The amount can be compensated to their clients if they face bankruptcy. Sadly, BitStarMarkets does not observe these rules. Additionally, there is no segregation of funds in this dirty scheme.

They are not in the database of FINMA. It is unprofessional for this broker to lie about such a critical feature. Stay away from this anonymous unlicensed company that is only after your money.

BitStarMarkets Client Feedback

The company has a few positive reviews from anonymous users in the trust pilot. They suggest that the broker is great and handle the transaction at a fast speed. However, it is important to note that the trust pilot monitor is not strict with the information presented.

Keeping in mind that there is no proof of payment available, we can conclude that this is another attempt to stay relevant. Sometimes fraudulent ventures pay individuals to leave positive remarks.

Final Verdict

BitStarMarkets is a broker that happens to be another scam. The entity offers leverage of 1:40, considering that it is not licensed. Nonetheless, it does not change the fact that the firm is untrustworthy. The company is not located in Switzerland as it claims.

Trusting an offshore venture with your money is a big mistake. Once they choose to exit the market, there is nothing that you can do about it. There are other alternatives that you can use that are reliable. The scammer will run away with your hard-earned funds, and you will be left frustrated.

Invest with the best forex trading brokers in the industry. They offer top-notch services to their customers. The terms and conditions of legit companies protect both parties. Additionally, since they are licensed, your safety and that of your funds is a priority.

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