A careful Blue Diamond FX (Bluediamondfx.com) review was conducted, and the results are out. They come out as the brother who wants to help with trading guidance. By coming out with a well-laid plan, they promise traders a chance to make money. They insist that 95 percent of traders lose money, and 5 percent make money. To join the five percent, traders have to sign up with their platform. And this is where matter starts getting dicey after signing up with BlueDiamondFX.
The platform boasts of having a success rate of 91 percent, which is extremely high. With no proven results or strategy, it is not easy to believe such statements. A deeper dive into their world shows that this platform is a hoax in terms of delivery. The platform fails to create a trusting relationship with clients. One of the biggest obstacles with this platform is transparency, which they fail to deliver. Apart from having a well-designed website, there are a lot of loopholes with the platform.
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Blue Diamond FX is not transparent in its availability. A majority of clients are unhappy with how the staff treats them. When it comes to replying to emails, users have to wait for days or weeks to get one. And this is another reason why we have to insist that this is a troublesome signal provider. They are unable to bring in any professionalism, which is a huge problem. Such platforms should not be in the business as they give it a bad name. It is best to stay away from this platform or else risk losing your entire deposit.
The platform claims to have a 91 percent accuracy level. Although some robots achieve this fete, it is not a guarantee. According to the site, they guarantee it making it the best in the industry. Such a claim should be backed by facts and not mere hearsay, which is all they are doing. It means that all traders in the world have been using the wrong tools. The platform is using such claims to bring in more investors. These are over the moon guarantees that no expert or robot can achieve.
They are mute when it comes to the names of the developers. A trading platform should give enough details as to the team behind this platform. They should be able to have a profile of their staff members. With a profile, one can determine whether the staff is professional or not. For all we know, these could be newbies running a mock signal service provider. Investors should also know the actual people who operate this trading platform. With such knowledge, it helps to know who is handling your funds.
Gokhan Ilter wrote to us and claimed that the platform lies about their accuracy levels. He claims that the signal provider does not post stopped positions. The distraught client is one of the many comments we have seen regarding the delivery of their signals. Others have vented their anger on the signal provider using online trading forums. They are unhappy with the results and overall performance of their signals. Most claim that these signals are inaccurate and cause heavy losses.
Their servers hosted in the Netherlands. The actual date the site went live was on 28th August 2018. It means the platform is barely two years old, and numerous complaints have already been lodged against them. What is bizarre with their IP history is the fact that they have made over eight changes. The changes have occurred in the last 11 years, which means ownership of the site changes. And this goes to prove our point in knowing who is dealing with your funds.
The banner on their homepage suggests that traders can copy the trades of other professional traders. It means that this signal provider also doubles up as a copy trader system. They remain unclear on whether the platform offers automated trading tools. The platform should be upfront with how they operate. Blue Diamond FX remains to be seen as a real trading platform, which is a problem. There is a lack of proper information on how exactly the platform works in terms of reliability.
Blue Diamond FX is not licensed to offer any trading products or services to investors. We reached out to various regulatory bodies in Europe. They are stated that they have not provided any license to the above platform. One of the regulators hinted on altogether banning the platform. They insist that the platform has been on their radar due to the increasing complaints. To protect investors from this region, the regulatory firms plan to ban the use of this platform completely.
What remains to be their biggest problem is safety for deposits made. The platform is unable to protect fully anyone who deposits funds with this platform. They are unable to offer insurance cover to the deposits made by clients. It leaves their clients in jeopardy as they won’t be able to recover funds in case of insolvency. The platform is a risky move and is not worth using their signals. They remain to be insecure thanks to their faulty website with no proper security software.
Blue Diamond FX is furnishing users with four different account plans. These plans include a free 14-day trial where users get at least five signals daily. The second plan is premium signals, which come at $50 for a month. For three months, users get a third premium signals plan that goes for $135. The final plan goes for $475 yearly, and they claim it has a high success rate. All the plans have the same features that include exact entry points and all use the same markets.
There are five payment options listed at the footer of their homepage. These options include American Express, iDEAL, MasterCard, Visa, and others. They have failed in their quest to offer a secure payment process. Without lucid security software, the platform remains to be a huge problem. They leave users vulnerable to third party attacks when making payments. Traders will get their credit card details stolen due to the inadequate security features. It is why no one should sign up with the platform.
The team behind this platform doesn’t give a hint on their results or trading strategy. Information is crucial when it comes to online investment platforms. They should be able to provide the full details on how the platform utilizes its approach. The platform should by now be able to inform users of how their approach works. Without actual trading results for us to verify, the platform remains to be a shell. They should have posted their findings on reputable platforms such as FX Blue and myfxbook.
After carefully reviewing all the facts, it is clear that Blue Diamond FX is not upfront. They should have done a better job with their trading process and strategy. Without valid trading results, we won’t be recommending this platform to anyone. And this is why we are folding our arms when it comes to this platform. They are unable to give concrete evidence that their copy trading services provide profitable results. It is why we are recommending other reputable products that have a proven track record.
Due to the high risks involved with the platform, we will not be recommending it.
Go for secure online trading tools that have a proven track record. These tools have the backing of trading experts and professionals. It is why successful traders have an edge when it comes to online trading. These exceptional forex trading robots offer a realistic chance of making passive income. They protect your investment at all times, making them ideal for all classes of investors.
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