Here’s the full Celestial Trading Tools (Celestialtt.com) review after weeks of investigation. The platform comes out as a professional backed platform. Information on their website is easy to understand. They have a site that users can easily navigate without any worries. Looking at their trust pilot review, it seems that they have four stars. What we did find sketchy is that these reviews are from one month. It is expected that a platform has reviews from different timestamps. Find out more in our post in regards to what to expect.
The about us page claims that traders can unlock their trading future with the tools available. From what we gather, Celestial Trading Tools is a copy trading and expert advisor. They claim that their experts take advantage of global trading opportunities. These experts only deal with significant currencies, so users should expect a good deal. They claim that their mission is to adapt and innovate trading tools. How they do so is beyond us as they fail to inform traders about their strategy.
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They claim that CTT is accessible to everyone. There are easy to install systems according to the information provided. They also claim to have versatile indicators and strategies that are unmatched. The catch is that these tools work seamlessly to generate profitable automated signals. It seems that this platform is all about providing genuine services to investors. Are there any drawbacks to this tool? Well, since this is a relatively new platform, a few issues have sprung up.
On their application page, users are to book their appointment with the Head of Partner Program. It seems to be a little bit too much for an application process. Investors should not have to undergo such a method to sign up with a new platform. They seem to use this plan to fool investors that the platform is entirely professional. The owners want to make the platform appear to be selling to specific users. It is a first-come, first-served basis, which will try and create a competition for the product.
For all their cries about being a team of professional traders, information on these experts is missing. One expects that the platform will offer details on who these experts are. It is best to have names of the people who will be tasked with handling funds. The names are important to create a level of transparency within the platform. Without these names, one can assume that anonymous traders lead the platform. And there is nothing worse than trading with an unknown tool. They can decide to shut down the whole program without consulting members.
There are a few comments posted on their homepage from their clients. These testimonials go to try and prove that the platform works. One client even suggests that they get almost 100 percent ROI in a week. And this is way too much for a trading tool. The expected ROI is not realistic, which leads us to believe the testimonials are false. Some platforms will even post fake testimonials just to drive up sign-ups. Another issue is the trust pilot rating, which appears to be created by these developers.
One expects that a review from clients is spread between different timestamps. All the reviews we see on trust pilot are from the same time, and there have been no updates. Does this mean that current members are unable to give us a review? If this is the case, it means that there is no one on board with their tools. It also means that the platform could have signed up as different people and issued high ratings. And this is why we reserve our comments in regards to this trading tool.
Another problem with the platform is its server location and its actual location. The site went live on 13th December 2018, which means they are over a year old. With this information, we learn that the servers are located in Mumbai. This is a pointer that we are dealing with offshore developers. They could not possibly from Europe or the United States. Whatever the case, the platform is not willing to give information on their actual home base. Their headquarters remains to be mentioned on the entire site.
This is an expert advisor that also doubles up as a robot provider. They do provide copy trading services even though the details are sketchy. The platform also fails to disclose their strategies and timeframe. Some of the pairs used on the platform include AUD/JPY, EUR/GBP, USD/CAD, and USD/JPY. There are other major currency pairs, too, which means the platform is going for a particular class of investors. To get access to the platform, one must deposit $1,000 with ICMarkets Brokers.
Celestial Trading Tools is NOT licensed or registered to offer expert advice to traders. They have no license details on their terms and conditions page, which is a bummer. It means that the platform does not provide insurance cover for deposits made. Once you deposit the funds, there is no guarantee that they provide money-back. It means that your funds will go straight to their hands even if their tools fail to work. And this is the problem with having unlicensed trading tools. They are a risk to investors.
The platform does not also provide any information on where they get their regulation. Since they claim to offer their services to Europe and the Middle East market, we decided to investigate. None of the regulators in Europe have heard of this platform. Even the broker they point us to does not seem to be regulated anywhere. And this is what makes this platform a risky venture for us. It is best to sign up with expert-recommended products that have a guarantee money-back feature.
Celestial Trading Tools is offering raw individual accounts to investors. The minimum deposit is $1,000, which is considered high in the industry. For investors who don’t know, the industry has set $250 to be the acceptable minimum deposit. The platform does not disclose any special features that warrant such a high depository amount. They have based their price on the broker deposits, which means the broker might take advantage of investors. It is best to switch to trading robots when you meet such a high depository amount.
The contact page has a phone address from the UK, which could suggest that the platform is based there. After numerous attempts, we could not get a hold on the people behind the line. It means that the phone number is from a virtual office provider. These developers have no intention of creating any communication process. It is a sign that they fear the wrath of regulators for failing to meet the expected terms. And this is another blowback members expect to face with the platform
They have provided a single myfxbook account, which is not reliable. With over a year of trading, they should have updated the results. From all the clients who claim to use the platform, why only one result? And this is the main reason why we want to shy away from the platform. It is not benefiting anyone to hide their results. A real trading platform will update their results for all to see. The results from this platform date back a year ago, which is suspicious.
Celestial Trading Tools is a platform that is professional when it comes to presentation. When the real factors matter, this is where we find the platform wanting. They fail to produce accurate results that would have proven their pedigree. It means that the proof of concept is not there with this platform.
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