Stars Binary: binary options from a new perspective
Stars Binary is a fresh startup that emerged in the summer of two thousand nineteen. In a short period of time, the platform has acquired detractors who leave negative reviews on independent resources. But should these rumors of fraud be believed? In this review, we will examine the internal workings of the site starsbinary.com to understand why the company has gained a dubious reputation among traders.
Analysis of the Official Website of Stars Binary
An analysis of the Stars Binary website revealed that the company does not pay proper attention to developing a high-quality and informative online resource. It resembles more of a landing page that does not attract with its design. Visiting the site gives the feeling of entering online casino pages rather than a serious financial resource.
The presence of educational materials, analytical reviews, and statistical data is very limited. Furthermore, the official Stars Binary website does not even include a licensing agreement regulating its activities. Contact information is limited to just an email address, as there is no mention of phone numbers or the company’s location on the starsbinary.com site.
At the bottom of the page, users can find a document titled “Risk Warning.” This is a formality protecting the Stars Binary broker in case any problems arise while using the platform.
Trading Conditions on Stars Binary
The most discussed trading conditions on starsbinary.com are criticized because the actual does not match the stated:
- Minimum trade – from 1 dollar
- Starting deposit – 10 dollars
- Maximum profit – 92%
Specific information about trading instruments, spreads, and commissions is lacking. Stars Binary sets expectations for traders for high profits, but ultimately, clients only receive disappointment.
The site has insufficient traffic, with fewer than 100 people visiting it daily. This is strange considering modern targeting and advertising methods. It is unlikely that a comprehensive advertising campaign directed at the target audience has not been conducted.
Nevertheless, Stars Binary has an Instagram account where users can see an attractive offer. The company promises to credit $10,000 to the demo account of users who register on the starsbinary.com platform. Experienced traders will immediately recognize this as mere baiting.
Final Conclusion on Stars Binary
After studying reviews and expert opinions, we conclude that Stars Binary is a company that employs fraudulent schemes. In addition to the aforementioned shortcomings, signs indicating that the starsbinary.com platform can be classified as a “kitchen” have been identified:
- Absence of information about the main office’s location;
- Lack of technical support;
- Aggressive PR and paid reviews;
- Absence of educational materials and bonus programs;
- Uncertainty regarding licenses and certificates;
- Lack of specifics on financial operations and trading instruments;
- Presence of the scandalous cloned site BinBull with a similar business scheme.
In conclusion, we do not recommend investing in Stars Binary as the company appears suspicious and dishonest in its intentions.
By the way, don’t miss articles that may interest you:
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- Review of the binary options broker Sigma Europe: company’s fraud schemes
Customer Reviews about Stars Binary
Negative reviews about the company can be found on various forums and resources. On YouTube, numerous paid videos can be found where the company’s “clients” talk about their prosperity. However, these reviews are only part of the advertising strategy and do not reflect reality.
For example, a client under the nickname Жека shared that his account was deleted without explanation when he tried to withdraw his funds.
Like him, client Max expressed doubts about the honesty of the starsbinary.com company in his review.
Another client named Валерий mentioned a negative experience of cooperation with the company in his review.
In conclusion, it is worth noting that Stars Binary is a “one-day” platform operating on fraudulent principles. Avoid investing in this platform as there are great risks of losing funds.
Author: Alina Maimistova
Stars Binary provides a range of binary options trading services, although customer reviews on their services show a mix of positive and negative experiences.