Stellar Trade (stellar-trade.com) is a risky cryptocurrency trading platform. The FCA hasn’t regulated the platform despite claiming to be in the UK. And that means your funds are at risk as the platform fails to offer insurance cover for deposits. In addition, StellarTrade is a weird platform, and it claims to be from the UK and yet, has a German default language. Here’s what we found out in our clear STELLAR TRADE REVIEW.
The platform boasts of connecting casual investors with markets across previously existing borders. If you ask us, that’s a perfect pitch to furnish investors and traders. The platform seems important and professional from the word go.
Wait until you sign up, deposit funds, and later try to withdraw. That’s when the true colors of this crypto investing and trading platform will appear. The forum will block your withdrawal attempt in an instant.
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StellarTrade is not your average cup of tea or even the platform you need to invest with. Moreover, the platform is high-risk as it fails to protect the very investors who deposit funds. From the look of things, we believe this is another exit scam.
After complaints reach regulators, the platform will likely remove itself from the online world. So now, there’s no other alternative but to flee with member funds. And that’s why we insist on staying away from the platform.
The profit margins enticed those who have invested with the platform. As a result, the platform guarantees high payouts on almost all trading accounts. These are the traps we will expose in our stellar-trade.com review.
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Before you invest your funds in any platform, it pays to do due diligence. Try and find out what makes the platform work for you and other traders. Ensure you check with regulators to confirm the platform enjoys the full backing of regulatory bodies.
The short answer is NO. You won’t find any positive or negative reviews of the platform anywhere on the web. But on the other hand, those who sign up to invest think the platform will open the doors to financial freedom.
That’s not the case; you are helping the owner grow rich with your investment. In layman’s terms, Stellar Trade is a get-rich-quick scheme. These are the schemes that guarantee profit and fail to meet the goals.
With the cryptocurrency facing turbulent times, the volatility makes it easy to prey on investors. And that’s what the owners of this shoddy platform have done. Take advantage of those with no clue about how crypto investing works.
Apart from offering crypto assets, the platform also claims to provide wealth management services. If you send your wealth to these crooks, you will lose it all. That’s why we have to expose it before it gets another victim.
Stellar trading platform uses a custom-built trading platform. The platform is volatile and lacks conventional trading features. As a result, you get a platform that’s slow at executing trades at all costs. These platforms are a disgrace to trading.
Once you get a reliable investment platform, go with MT4, MT5, or SIRIX trading terminals. These are the platforms that protect investors from slow execution. Instead, you want fast execution that helps place your orders fast.
The custom-made trading platform has several flaws. Thanks to its instability, you can’t make reasonable trades. It also has a security flaw, as it doesn’t have SSL encryption. The platform also lacks advanced trading tools and technical analysis.
There are four accounts available for anyone wishing to invest with the platform. Each account offers a different set of features depending on the minimum deposit. These accounts are Bitcoin, Bitcoin-Ethereum, Bitcoin-Ethereum Litecoin, and VIP.
Here’s a closer look at each investment platform;
Members must deposit a minimum of €10,000 to a maximum of €50,000. There’s a promise of getting up to 81 percent ROI. You also get an instant bonus of 20 percent with daily notifications and personalized tools.
There’s a minimum deposit of €50,000 to a maximum of €100,000. Members expect an ROI of 83 percent and an instant bonus of 40 percent. A high payout margin is set at 3 percent with no insured rest.
Bitcoin-Ethereum Litecoin (Gold)
You must deposit a minimum of €100,000 to a maximum of €250,000. There’s an ROI of 85 percent expected on this platform. Members also get a promise of an instant bonus of 80 percent and insured rest.
VIP (Millionaires Club)
A minimum deposit of €1,000,000 is expected for members of this platform. ROI is 92 percent, with members enjoying an instant bonus of 100 percent. This means the platform matches your initial investment amount.
Despite all these, the platform fails to mention the possible account features. The leverage is 1:3, but members can choose their leverage. You don’t have quotes of available spreads on different accounts.
The platform also fails to offer members a demo account. You would expect to find a demo account to help mitigate issues. A demo account lets members try out the features before committing funds.
You only get to invest and trade with three leading crypto assets. These include Bitcoin, Ethereum, and Litecoin. In addition, the platform promises personalized trading and complete trading tools at your disposal.
Only VIP members get access to a personal trade expert. These are not an actual experts but call agents who call to urge you to deposit more. The caller usually insists on having a lucrative open position.
All you have to do is deposit more funds and wait for the profits to soar. Those who make the mistake of adding more funds end up losing everything. So it would be best if you stayed away from platforms that guarantee profits.
After depositing funds, the balance will appear after 24–48 hours. You can then start trading or hopefully use the personal trade expert. The balance will increase or decrease depending on the results of the trades you place.
When the time comes to withdraw funds, all hell breaks loose. The platform moves into ignoring mode. You get emails claiming your bank is refusing to accept their way of transaction. That’s all crap.
The final nail in the coffin is when the platform blocks access to your account. You can no longer access funds as the platform’s owner laughs at the bank. We must expose these scam artists and keep the crypto world safe.
No, Stellar Trade is not a compliant trading platform. The FCA doesn’t recognize it neither does BaFIN, the German forex regulator. You won’t get to see any certificate or document supporting their claim of license.
Before you invest with any platform, check with regulators to confirm regulations. The best regulators include ASIC, BaFIN, CFTC, CNMV, CONSON, and CySEC. Others include FCA, FINMA, NFA, and the SEC.
Please stay away from stellar-trade.com.
NB: Here’s what you need to invest in reliable crypto assets.
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