Review of the new binary options broker Stars Binary, which was founded in 2019. Can you trust him or he is just another scam broker? This Stars Binary review will help you to make the right choice.
Recently, finding a reliable and good broker for binary options trading can be compared to finding a needle in a haystack. More precisely, there have always been difficulties with this. This is due to the lack of state regulation of this industry and the presence of various false advertising.
Stars Binary is a typical scam, this is confirmed by at least a lot of reviews about the refusal to withdraw funds. The broker does not withdraw funds and takes all the traders’ money for himself.
Newcomer traders, due to their inexperience and naivety, can believe in quick earnings and fall for a beautiful wrapper, but for experienced traders it will not be difficult to recognize a scam.
The broker and the trading platform give the impression that they were made in a few hours by a small group of programmers. Stars Binary has a typical scam pattern with a lot of “water” and almost no information.
The broker’s trading platform is created in accordance with the best traditions of reducing all your trades to the negative. But we’ll talk about that later, now we’re gonna look at real Stars Binary reviews.
Reviews of traders
It’s not so difficult to find real reviews about Stars Binary broker and most of them is about withdrawing funds. Traders note that the broker does not withdraw funds under various pretexts; often it all comes down to blocking an account for fraud, which is “detected” by their anti-cheat system. It is easy to guess that such a system allows you to block absolutely any account. Thus, Stars Binary behave like scammers.
Reviews about the Stars Binary broker are very detailed, they note the withdrawal of funds for no reason, drawing quotes, blocking the account and refusing to withdraw funds. The broker started working only in 2019 and has already put an end to its reputation. He turned out to be very greedy – with a deposit of only $ 10, he did not withdraw funds even at the beginning of his work.
The lack of legal data, terrible official website and reviews, poor trading platform, traders’ comments confirm the obvious fact that this broker is a scam.
Trading platform and trading on Stars Binary
The trading platform and trading with Binary Stars looks like a real quest where you are trying not only to analyze the movement of the selected asset, but also to guess how the broker will draw it at the moment.
You can trade on 32 assets, the profit is 82% for all currency pairs. There are different types of accounts that increase the profit up to 92%, as well as various bonuses. The maximum chart timeframe is 1 minute, and there are no trading indicators at all. That’s right, why do you need trading indicators when the outcome is already clear?
Stars Binary is one of the few brokers who banned the Martingale principle in their rules.
It’s recommended to choose a better broker for trading binary options, such as IQ Option, Deriv or Binomo. Also you can try Olymp Trade for Fixed Time Trades with excellent conditions.
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