WikiFX

Reply

Based on my experience as a forex trader—and after closely examining available broker information—I’m hesitant to recommend Star Store for any automated trading, including the use of Expert Advisors (EAs). The most immediate concern for me is the broker’s regulatory status. According to my research, Star Store does not hold any valid regulatory license, and WikiFX explicitly flags a high potential risk with a notably low trust score. In my professional opinion, regulatory oversight is not just a formality; it’s crucial for protecting traders’ funds, ensuring transparent operations, and offering a channel of recourse should disputes arise. When it comes to automated trading, stable and trustworthy broker infrastructure is especially important because EAs typically execute high-frequency trades and are sensitive to issues like slippage, downtime, and price manipulation. While some brokers clearly state whether platforms like MT4—which natively supports EAs—are offered, I found no verifiable evidence that Star Store can reliably or securely support EAs at all. For me, the lack of regulatory supervision and transparency means I cannot safely trust that automated strategies would execute as intended, or that profits and capital would be secure. My conservative approach compels me to recommend seeking better-regulated brokers, particularly for automated trading where robust technical and financial safeguards are indispensable. Ultimately, while Star Store claims an operational history and a regional base in Japan, without credible oversight or detailed platform information, I would not risk my capital or my automated trading strategies here.