Business Star EA is another Forex trading software that happens to be a scam. The company claims that investors do not need to do any hard task. You can sit back and count your profits as they multiply into your account.
The trading software brags of bringing very profitable and secure. The marketing content on its website indicates that the developer has been working hard for the past few years to design this powerful system.
Sadly, no evidence can prove the allegations are true. The owner claims that this is currently the best Forex trading EA in the market. The information is wrong and misleading, and you should not trust a word of the scammer.
The company is not even a year old, and we predict that it will exit the market before the domain expires. Expert traders would never risk their safety by depositing funds in such a vague venture like Business Star EA.
There are various best Forex trading EA in the market that you can utilize to realize your goals. The companies are more trustworthy and transparent. Their primary focus is to offer better services to traders without compromising their safety.
Business Star EA claims to be earning high profits for investors. However, the traffic coming on the website is not much. Additionally, we cannot see happy investors who endorse their services. The company is clearly a Ponzi scheme that you should avoid.
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Business Star EA Review
The company has two investment plans that you can choose from; Business Star EA has a basic and a standard account. There is no much difference between these two licenses. The first copy goes for $199. It has both one demo and real account, the upgrade is free, and the software is fully automated.
The standard account needs a deposit of $249. The only difference is that it has three demo accounts and three real accounts; everything else is similar to the basic package. The only currency that you can trade is EURCHF.
The trading software allegedly only trades at the most favorable time that is the volatile time. The company claims that the trading activity associates severe risks. It would be best if their clients cash out it’s earning frequently or move the returns to other trading accounts.
The software is compatible with the MT4 trading platform. Hence, investors can execute and close trades quickly. The software allegedly trades 24/7, searching for opportunities to exploit.
According to the company, when you purchase their useless, unprofitable bot, you will never miss any opportunity. All you need to do is turn on the software. The platform claims that in case their software does not meet your expectation, you can get your money back.
How accurate is this statement? Have people been able to earn from this venture? Has anyone received their money back after 30 days? These are questions we cannot answer, especially when you consider that you are dealing with a scammer.
The developer of Business Star EA remains unknown. We do not know the background knowledge that he might have in the Forex niche. All he says is that he will update the trading bot from time to time.
The company brags that expert traders built the software. Unfortunately, the platform fails to credit them for their excellent work. Trust is an essential aspect of any business, something that Business Star EA does not care about.
The reason the founder has chosen to remain discreet is best known to him. However, we believe that this is a con artist who knows what he is doing. Remaining anonymous is the only way the government will not put him behind bars.
The Trading Strategy
Business Star EA does not disclose the trading strategy that they incorporate. During our research, we discovered that the company gives vague information. The only thing that we are aware of is that the software trade at a low risky time.
This does not mean much. Unless the person who is running this venture does not know what they are doing or there is no software at all. Every Forex trading software in the market utilizes a particular strategy.
The company is compatible with any Forex broker in the market if they use the ECN. You must have a minimum balance of 300 USD to use this EA. The company has a demo account, and they encourage you to use it before trading with real money.
You should know that what you see on the demo account does not usually translate to real trading. Be on the lookout to avoid wasting your funds on the useless trading bot.
The shady platform is only bragging that they are utilizing multiple cutting edge filters and indicators to execute the trading activity. The trading bot adjusts to any condition in the market.
Business Star EA is no exception, and when we do not know the tools or indicators they are using is worrying. The company avails back-tested results of their accounts. It does not mean much, and it would have been better if they present their live trading results with the MyFxBook account.
The account is more transparent; we will also be able to see how they are faring on in the market. The FX Blue account that Business Star EA avails indicate the firm has a winning rate of 70.3%. We do not know their average drawdown rate.
Investors can contact the support team via email; [email protected] The company is using a free email, and this is a major red flag. This is a company that is collecting funds from members of the public. The company failed to display their area of operation.
Hence, they should do more when it comes to winning the trust of investors. Business Star EA does not care about its reputation. Legit investment ventures will always strive to avail of multiple methods that customers can use.
The response rate is something that every company should keep in consideration. Excellent customer support services are something that many businesses will put first. We do not know how long it will take Business Star EA to handle the query of their clients.
Email is not a very convenient method of communication at this age. They would at least offer live support or a telephone number to ease communication. However, since we are dealing with scammers, you should not give them much credit.
Regulation and Registration
Business Star EA is a company that is not registered or licensed by any authority in the industry. It is essential that you only invest in regulated software platforms. Licensed firms are safer, and the government permits them to run their business. Your data will be safer with them, and you will sleep better, knowing they will not exit the market without your knowledge.
Business Star EA is a company that claims to be offering Forex trading services. All the indicator point that the firm is not undertaking any investment services. The fact that they are not reputable is a major red flag.
We would advise you to stay away while you still can. The entity will exit the market, and those who will have fallen for its scheme will be counting losses. Invest with legit Forex trading software in the industry. Your money will be in safe hands, and these firms have no intention of scamming their customers.
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