Top Star Development

Category: Forex Broker Reviews http://www.topstar-development.com/ Average user rating from: 3 user(s) Broker Rating SCAM 0.0   Add new review Your name:* Your email address (it will not be published):* Your location: Select location: Afghanistan Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Arctic Ocean Aruba Ashmore and Cartier Islands Atlantic Ocean Australia Austria Azerbaijan Bahamas Bahrain Baker Island Bangladesh Barbados Bassas da India Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Bouvet Island Brazil British Virgin Islands Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Clipperton Island Cocos Islands Colombia Comoros Cook Islands Coral Sea Islands Costa Rica Cote d'Ivoire Croatia Cuba Cyprus Czech Republic Denmark Democratic Republic of the Congo Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europa Island Falkland Islands (Islas Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern and Antarctic Lands Gabon Gambia Gaza Strip Georgia Germany Ghana Gibraltar Glorioso Islands Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Honduras Hong Kong Howland Island Hungary Iceland India Indian Ocean Indonesia Iran Iraq Ireland Isle of Man Israel Italy Jamaica Jan Mayen Japan Jarvis Island Jersey Johnston Atoll Jordan Juan de Nova Island Kazakhstan Kenya Kingman Reef Kiribati Kerguelen Archipelago Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Midway Islands Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Navassa Island Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island North Korea Northern Mariana Islands Norway Oman Pacific Ocean Pakistan Palau Palmyra Atoll Panama Papua New Guinea Paracel Islands Paraguay Peru Philippines Pitcairn Islands Poland Portugal Puerto Rico Qatar Reunion Republic of the Congo Romania Russia Rwanda Saint Helena Saint Kitts and Nevis Saint Lucia Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Korea Spain Spratly Islands Sri Lanka Sudan Suriname Svalbard Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Togo Tokelau Tonga Trinidad and Tobago Tromelin Island Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom USA Uruguay Uzbekistan Vanuatu Venezuela Viet Nam Virgin Islands Wake Island Wallis and Futuna West Bank Western Sahara Yemen Yugoslavia Zambia Zimbabwe Ratings (the higher the better) Broker Rating Rate it Scam 1 2 3 4 5 Comments:     Please enter the security code. Add new review Reviews Feed February PROMOTION Learn more. FOREX JUSTICE SPOTLIGHT ARTICLE   Read more. Company response We have not received a comment or response from this company. User reviews SCAM Wednesday, 21 October 2009 Written by upskit from none Below are the variant of http://www.topstar-development.com COSCA INTERNATIONAL LIMITED ... http://www.cosca-international.com http://www.cosca-nz.com UNION-ASIA LIMITED http://union-asia.com YMG DEVELOPMENT LIMITED http://www.ymgbusiness.com OLYMPIC INTERNATIONAL BUSINESS LIMITED http://www.olympic-international.com http://www.olympic-nz.com HONEST GROUP LIMITED http://www.honestgroup-nz.com CAPITAL GROUP INTERNATIONAL LIMITED http://www.capitalgroup-international.com EDGAR INTERNATIONAL COMPANY LIMITED http://www.edgar-international.org SCAM Tuesday, 24 February 2009 Written by Fionelenna from Malaysia What?? http://www.topstar-development.com is a market maker?? And this broker provides managed forex account services?? What the biggest joke in this industry!!!! Scammmmmmmmm!!!!!!! SCAM Tuesday, 24 February 2009 Written by BabyBoy from Malaysia All of these partnerships operate their forex management services without any license from Bank Negara Malaysia. Their directors show the company registration certificate issued by the Company Commission of Malaysia to the staffs, and tell them it's the license issued by the Central Bank of Malaysia -- Bank Negara Malaysia. Fix spread give you an edge when trading at news announcement period.That is the sole advantage of fix spread compared to variable spread of ECN. However, only the partnerships' computers can access the trading platform during this period. The order execution time lag sometimes reach 5 seconds when in heavy news. Profitable account ledgers of new account use to entice the staffs open an live account. This ledgers show only the first two months of trading transactions. It would be great if ledgers of old accounts having trading transaction history of more than 5 years can be show to the prospects. The prospects just need the first and the last page of the ledgers. The main prospects is the staffs. The "teacher" will conduct a test after two day simple training. The test consist of 7 short questions. The last two questions requires the staffs to disclose the persons that they informed about this "great investment opportunities", their reaction and comments. Those staffs that did not answer the last two questions or don't have prospect will be told that there are failed in the test, and no need to show their face in the next morning. This is the typical con man screening process. The partnerships don't waste their time on staffs that did not open live account or not having prospect at all. The "teacher" will do the first round of sales to the staffs. No word of invest mentioned. The staffs hear only"you can open a live account with just RM10K. Management or director will take care of the account for two weeks. Joint venture of four persons is allowed" Some partnership directors claimed that they attended the basic forex course. They wiil show the staffs the copies of basic course note. Most of the staffs then simply assumed that the directors had attended the advance course. Some staffs even folked out RM10K just want to learn this secret of trading forex. For The Star readers, they will knew that plenty of advance forex course offered below RM5K. For casual internet surfer, they knew they can get the knowledge free by joining the forex forums all over the world. Another director will brain wash the staff that are hesitating to open an account. The targeted staff will bring to the director's office. The director ask the staff FEROCIOUSLY,"XXX, you promise you want to open an account. When are you going to bank in the money?" That staff will enter in a low mind energy condition. He or she will forget how they rejected the first round of sales by the "teacher". The staff will thought themself really did the promise and hence opening an account is a must. The staff forgot the fact that he or she actually did not make the promise. For nobody would wait even a second when come to money matter. The poor staff influenced by the FEROCIOUS words came out from the serious face of the director. Only few staffs are saved from this kind of brain wash sales tactic. This is a very effective con man sales tactic that every salesman ought to learn. Con man did not smiles at the prospects and explains the advantages of the products or services one by one. After one profitable trading made on the staff live account, the director will ask the staff to top up another RM10K. Because RM10K is actually not allow to open an account. Staffs are allowed to open account only if they can top up become RM20K account in one or two weeks. All of this conditions are not disclose during the first round sales. No cooling down period given. No explanation on risk involved. Caveat emptor. Most of the staffs that brought their laptop to the office will fall victim of the RM10K live account. Those are eager to learn the forex. Their eagerness exploit by the partnerships to generate sales. The partnerships office only have one computer inside the director's office. No computer found outside the director's office. Instead, WiFi is set up to screen staffs that are eager to learn. A Daily Sales Progress Report was designed to forced the staffs to do the sales in their family or relatives. Hence, the office is usually empty after 9AM. For the staffs that brought personal laptop to the office, they are told to open their live account in the laptop. For staffs that don't have laptop, they are told to manage their own account because the director is always not in the office. Since then, those who open the live account at laptop will keep on doing this. And those don't have laptop will manage account through the director's computer. They thought this is the way of live training. All the live accounts eventually get the margin calls after few days of trading. The director just points the finger to the respective staff: It is the staffs fault! The director cann't manage the account because the staff open the account in their laptop! It is because the staffs choose to manage their account themselves! For those who chose their account to manage by the management of other partnerships. Their accounts fate are no better. Average one trading done in few weeks. Each trading brought in one or two pips profit. At the end, trading brought more losses than gains. The staffs forget their initial intention of looking for a job, not to become an investor at that time being. Staffs that have plenty of "potential prospects" are promote as assistant manager or manager. They are given chances to interview job seekers. They are told to recruit only the job seekers that have big potential to open an live account. Directors and managers did not enter their intials in the Daily Attendance Book. They are always late to office. They will call one the staff before come in. Asking them the condition of the office. They are affraid of being "catch" by the authorities. Most of these partnerships didn't display signboard. More often just a piece of A4 paper with the name of the company printed on it sticks at the entrance. These partnerships change their location of operating office within the city every few months,lasted few years. Their so called "money changers" change frequently too. For those who have capital of RM500K and above, you have the chance to join Top Star Development Co Ltd as business partnership. Anyone?