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Star Trader EA Review: Is Star Trader EA Scam?

Star Trader EA Review: Is Star Trader EA Scam?

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Star Trader EA is a Forex trading software that wants to eliminate errors that human makes while trading. The EA will reduce any emotional instability hence only delivering profits to there customers.

The software will only engage in trading at specific hours and analyze the market thoroughly. It allegedly allows investors to only trade at their desirable return and particular risks. The company trades on daily activity and make a huge profit for their clients.

The available currency pair is only for USDJPY, EURGBP, AUDUSD, EURUSD. They also recommend individual brokers in the market to customers. The amount that is favorable to trade according to the platform is $1000. However, you can purchase using less amount than this.

When you fall for this trick, you will get a trading lot of 0.01 and so forth. However, you can select the AutoLotOptions, which will automatically increase your trading lot size. The feature is hazardous, and it can increase the amount tremendously, which could lead to unimaginable losses. Nonetheless, if you have a high-risk appetite, it can be an enticing deal.

The person behind this trading software guarantees that it has a success rate of 78%. It was developed by a team known as LeapFX.com. In addition to this, you can also issue a refund request within 30 days.

Star Trader EA goes for $197; the price doesn’t seem expensive considering what the trading bot is capable of and this can be viewed as a pro or con, depending on your perspective. It can offer a leverage of 1:400 to prevent higher.

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Star Trader EA Review, Star Trader EA Platform

However, it does not have a stop loss, trailing loss and the minimum account size is $3000. The software uses various indicators, but it does not have a demo account that you can use to sharpen your skills. The annual profit that it project is around 25%.

Star Trader EA Review

The founder of space profitable Forex EA is someone by the name Lance Hunter. The trading software was initially designed for both still again and long term earning for their potential customers. The company is discrediting manual trading by offering traders something unique.

It uses trading of RSI and CCI, oversold zones that are connected to the current macro trend on top time frames. The software also utilizes the mt4 trading feature and has also been back-tested using Rick Data. The drawdown that it has experience is around 2000 pip. However, it claims to have obtained a spread of about 500 to 1000 pips in a period of over two months.

Star Trader EA uses no hedging but utilize the strategy of FIFO compliant. If you are interested in this trading software, the process is simple and not complicated. The company is only promising positive returns, and according to the team who developed it, the main goal was to assist investors to make a profit.

The trading software is meant for any investors, even to those who do not have much knowledge in the Forex niche. The only thing that will be required of you is to set the limit that you want to spend. The EA will then execute the trade for you. It helps you to take care of other matters while it performs a hard task.

How Does Star Trader EA Operate?

The trading software runs 24/7 every week, exploiting the market. All you need to do is turn on the EA and watch as your account grows. It operates even during the night at only the favorable opportunities.

It only exposes certain risks traders in particular hours. The platform avails its performance report to the public. It shows transparency, and with this info, the venture can be trusted. It claims that it has been able to scrutinize over 10 million trades in the market.

However, what traders need is an assurance that investors are using these trading tools. The only thing that you can find on their website is marketing content, and some of these images are fake. We would ask our clients to use only reputable Forex trading EA in the market that has a proven track record.

The trading EA has very high trading results, which might appeal to many investors. The software has existed in the market for several years; hence they have a trading history that is proven. The strategy that the platform is using has also been verified, and we have to credit them for being transparent.

The software can credibly help manager funds. It can trade in any condition in views itself as a professional Forex trading robot.

Customer Support and Regulation

The website of Star Trader EA does not provide info on their location. During our research, we noticed that it is based at 864 Glendridge Ave, North Woodmere, New York, United States. Investors who have queries which website-related can reach the platform through [email protected]

It does not have a telephone number that can is communicated between the investors and the customer support team. However, they do not avail for information regarding their licensing status. We also did not find any document to prove they are regulated.

It assures investors that the system will download and update itself automatically. Hence investors are not subjected to hard work. We have not found many negative features regarding this trading EA, but it is important to only trade with the verified licensed software.

Client Testimonials

We did find traders endorsing Star Trader EA as a profitable venture. They praise their MT4 performance. One trader cream that he made over 2.1% profit in a month. However, you are not able to verify these claims as a trader does not avail of any proof of payment.

The software is not very reputable in the market despite their attractive deals. Additionally,  it has limited currency pair, and this is a con to trade who love to trade multiple currencies. It also has a mid-level drawdown as well as small profit factors.

There is a mixed reaction from Forex traders concerning Star Trader EA. We did find much content promoting this website, and there were also negative reviews. Some of the investors do not have much faith in this system.

The platform is being accused of copying content to boost its sale. Also brags that it will generate an annual return of 400%, which we think is too high.

Final Verdict

Star Trader EA market itself as risk management that has a proven trading history. The company does not seem like a pyramid scheme, and they have some attractive features that the majority of traders might find favorable. It views itself as an EA with high win rates.

The platform is transparent about its founder, which is a positive thing, and they have also availed their performance report. The platform is offering investors a favorable opportunity. Unfortunately, it would help if you too were cautious as there is no multiple feedback from their clients.

The platform was launched in December 2018; hence it is barely a one-year-old software. It is better you invest with a Forex trading EA that has been in the industry for a more extended period if you are skeptical about this bot.

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