StarTrade (Startrade.store) is the latest forex store that is selling two automated robots in the same shop. The developer is selling The FX Profit System and Night Profit 1.12 and claims both avoid losses and generate stable profit. With such a bold statement, the question remains whether both meet our expectations. And so, the Star Trade Review is meant to describe what we saw and whether they work. The two are new platforms, and not a lot of users have tested them.
What is shocking with this platform is that the vendor provides no information as to who they are. And this is a huge problem as users are expected to believe whatever information is posted. Without the names of the developers, users are signing up blindly. The least the developer would have done is to leave their contact information. This, too, is missing, which makes the platform a huge black hole. Nevertheless, we decided to check whether they could make it in the big leagues.
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StarTrade is one of those vendors that claim to know it all. They claim that their Expert Advisors and indicators are easy to use. The vendor claims that the bots are perfect for both MT4 and MT5 trading platforms. One of the most significant claims is that NightProfit 2 maximizes profits with extreme accuracies. The allegations don’t stop there, and the platform boasts of a record-breaking 95.72 accuracy level. Now, this is the first time we see a vendor claiming such a high accuracy level. And there is a reason to worry for anyone who believes such a load of information.
The biggest problem with developers is that they make over the moon claims and fail to provide results. What remains to be seen is whether the platform can meet such a high accuracy level. And this goes to show that the developer would not post any tangible results. Such a high accuracy level is severe for even a robot. Experts and robots will only be able to reach around 90 percent, which is not guaranteed. Therefore the robot is trying to drive sign-ups by promising wild claims.
Transparency is essential when it comes to online trading. Without openness, users have a hard time even making contact with the support team. A look at their Facebook page also does not indicate who the owner is. The platform is ideally not able to generate any definite information on the developers. And this is where we start seeing problems with this so-called wonder robot. There is not enough trust going on around the platform.
With the platform claiming to be a few weeks old, the comments from clients are few. The few comments we have seen seem to be praising the bots. What we saw was that the comments were posted almost the same time. The two explanations could be a sales tactic to drive other investors to sign up. Naïve investors usually believe everything they hear, especially with such high accuracy. Investors and traders should tread with caution when it comes to having unproven online trading products.
The website went live on 14th December 2019, and this is according to a trusted domain checker. Information regarding a website is crucial as it gives us details about their history. The details on Facebook claim that the platform started rolling out services in July 2020. It is a lie, or the developer had already started offering services to investors. Why the developer is doubling the roll-out dates is beyond our comprehension.
This robot uses the scalper strategy and is going for $49.95. It would be the most accurate trading platform in the world. The price means that the developer is not someone that knows what they are doing. Such a product would be in demand from investors pushing the price up. And this is another reason why we have our doubts as to the accuracy of the robot. There is too much on the line for us to trust this platform.
Their servers seem to be located in the Netherlands, which is not to say this is their headquarters. We searched using various regulators to find out whether the platform is legit. Regulators in Europe are planning to blacklist the use of this robot. They claim that such a robot would be contravening the set industry rules. The platform does not offer any insurance cover or give any money-back guarantee features. And this is the reason why we also insist StarTrade is NOT REGULATED.
Stay away from such platforms as they tend to be a pain in the neck for users. Without authority from regulators, members don’t get the much-deserved protection. And this will leave users ruing purchasing the product. The platform is, without a doubt, a good initiative only that they have the wrong execution. These developers need to work harder and produce a far much appealing robot.
StarTrade is furnishing users with two types of robots. Night Profit 2 seems to be their most significant selling point. This robot is going for $99.95, which is a onetime payment with instant download. The platform claims to give information on whether the platform is offering any updates. Users don’t have any prior knowledge of whether there will be any charges with the updates. Information on the robot features is also missing, which is a bummer. It is important to note that the vendor is giving a 20 percent off when using the Facebook link offer.
What is shocking with the platform is that there is no live chat support on the platform. To get in touch with the support team, users have to use Facebook. One would expect that such a platform with a bold statement would offer ample support. Failure to offer this support means that we are dealing with a problematic team. Users will have a hard time trying to get help from Facebook. During our entire investigation, their account was barely live, which goes to show their lack of concern.
They had posted a link on myfxbook a few days ago, but the link is not available. A serious developer will post details of their platform for all to see. These results help prove that a robot is indeed worth purchasing and using. Without the results, the robot is an example of what a real trading robot should work. StarTrade is a simulation of a robot and does not have any proof of concept.
After going through all the facts and comments from users, we are sure StarTrade is a Scam. The majority of comments we’ve seen are an indication of the platform’s incapability. And this is why we have to flag it down and urge investors to be extra careful. Such a trading robot should not do not have so many complaints during their first month. Stay away from it or else risk losing your entire funds.
We recommend that you stay away from the robot until they post updated results. Without verified results, the robot is a gimmick of a real trading robot.
Stay safe and go for approved and tested robots that have a proven track record. These robots have a guaranteed trading record and offer quality services. They ensure your investment is protected at all times, and users get a realistic ROI. Try them out and start benefiting from using a transparent trading tool.
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