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Summary: The overall assessment of Celestial Trader is overwhelmingly negative, with numerous reports labeling it as a scam. Key findings indicate a lack of regulation, poor customer service, and significant risks for investors. The broker claims to operate in Saint Lucia but fails to provide valid regulatory backing, raising serious concerns about the safety of client funds.
Note: It is important to highlight that different entities operate under the name Celestial Trader across various regions, which complicates the regulatory landscape. This review aims to provide a fair and accurate representation based on available information.
Category | Rating (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 3 |
Customer Service and Support | 1 |
Trading Setup (Experience) | 2 |
Trustworthiness | 1 |
User Experience | 2 |
We rate brokers based on user feedback, regulatory status, and overall market reputation.
Celestial Trader appears to be an offshore broker that claims to offer Forex and CFD trading services. The broker's website presents itself as being registered in Saint Lucia, but as per various reviews, it lacks valid regulatory oversight from any recognized financial authority. This absence of regulation raises significant red flags for potential investors. The trading platform offered is primarily MetaTrader 4 (MT4), a popular choice among traders for its user-friendly interface and advanced trading tools. However, the broker's lack of transparency regarding the types of assets available for trading and their operational practices is concerning.
Regulatory Regions: Celestial Trader claims to operate from Saint Lucia, but multiple sources confirm that it is not regulated by any recognized financial authority. According to BrokersView, the broker has been labeled as a scam due to its unregulated status and lack of transparency.
Deposit/Withdrawal Currencies: There is limited information available on the currencies supported for deposits and withdrawals. However, many users have reported difficulties in withdrawing their funds, which is a common issue with unregulated brokers.
Minimum Deposit: The specifics regarding the minimum deposit requirement are unclear, with various reviews suggesting that the broker may require a higher initial investment to access its services.
Bonuses/Promotions: No significant bonuses or promotions have been reported, which is often a tactic used by fraudulent brokers to entice new clients.
Asset Classes Available for Trading: While Celestial Trader claims to offer a variety of trading instruments, the lack of transparency regarding specific asset classes raises concerns. Many users have reported that the actual trading experience does not match the broker's claims.
Costs (Spread, Fees, Commission): The details on spreads and commissions are vague, with many reviews indicating hidden fees that are not disclosed upfront. Users have expressed frustration over unexpected costs that diminish their trading profits.
Leverage: Information on leverage options is not clearly specified, but unregulated brokers often offer high leverage, which can be risky for inexperienced traders.
Allowed Trading Platforms: Celestial Trader primarily uses the MT4 platform, which is well-regarded in the trading community. However, the lack of support and resources for traders on this platform is a significant drawback.
Restricted Regions: The broker does not provide clear information about restricted regions, but its unregulated status suggests that it may not be legally allowed to operate in several countries.
Available Customer Service Languages: Customer service appears to be a major issue, with many users reporting that they receive no response to their inquiries. The languages supported by customer service are not specified, further complicating user experiences.
Category | Rating (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 3 |
Customer Service and Support | 1 |
Trading Setup (Experience) | 2 |
Trustworthiness | 1 |
User Experience | 2 |
Account Conditions: User feedback indicates that the account conditions are unfavorable, with reports of high minimum deposits and hidden fees, leading to a rating of 2 out of 10.
Tools and Resources: Despite using the MT4 platform, the broker lacks additional trading tools and resources that would benefit traders, resulting in a score of 3 out of 10.
Customer Service and Support: This category received the lowest score of 1, with numerous complaints about unresponsive customer service and difficulties in resolving issues.
Trading Setup (Experience): Many users have reported a frustrating trading experience, primarily due to the broker's lack of transparency and poor communication, leading to a score of 2.
Trustworthiness: The absence of regulatory oversight and numerous user complaints about fund withdrawals contribute to a trustworthiness rating of 1.
User Experience: Overall user experience is marred by negative interactions and a lack of support, leading to a score of 2.
In conclusion, the Celestial Trader 2025 review indicates that this broker poses significant risks to prospective investors. The lack of regulation, poor customer service, and numerous negative user experiences suggest that potential clients should exercise extreme caution. Engaging with Celestial Trader could lead to substantial financial losses, making it imperative for traders to seek out regulated and reputable brokers for their trading needs.
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