CryptoTrader is a cryptocurrency trading platform that promises to turn complete newbies into millionaires with no risk, hard work, or experience required. Find out if CryptoTrader is a scam or legitimate investment opportunity today in our review.
What Is CryptoTrader?
CryptoTrader, found online at Crypto-Trader.co, is an investment opportunity that claims to have already turned 40+ individuals into millionaires.
By signing up for the investment opportunity today, you can become a millionaire too. The introductory video for CryptoTrader features average people stepping through the doors of private jets and participating in other rich people activities.
After filling your head with these images, the CryptoTrader introductory video claims it’s “your turn” to join the “millionaires club”. The video features a man sitting in an office chair.
That man claims you can use his system to earn $5,000 per day. He claims his own journey to financial freedom started when his grandpa gave him a set of books about cryptography, spying, and codebreaking. He claims “breaking secret codes was my obsession.”
Why is this man telling you all of this information? Before the end of the video, you’ll get to the point: this guy claims he developed automated trading software that will make you millions of dollars a year.
The man never tells us his name – which isn’t unusual with online scams. There’s no further information about where the man is based, what his background may be, or other information you might want to know about someone before you give them money.
Obviously, CryptoTrader is a blatant scam. But let’s walk you through how the scam works and how it claims to turn you into a millionaire.
How Does CryptoTrader Work?
CryptoTrader is an automated trading software that promises to help you earn powerful returns on your investment.
The man in the CryptoTrader video claims he personally developed the trading software over a two year period.
This software, as far as we can tell, makes money through some magical process. Here’s how the creator of the video describes it,
“A completely automated money making machine that scours the world’s markets, analyzes millions of data points, and uses artificial intelligence, state-of-the-art algorithms to predict surefire winning operations.”
The best part about this trading software is that it makes all trades on your behalf. The software will buy low and sell high to ensure maximum profitability.
Even better, CryptoTrader claims there’s no risk involved in the process. If the software spots any risk in a trade, then it won’t make the trade. The creator of the software claims that the software will make several thousand dollars a day, every day, with no risk involved whatsoever.
“Best of all, the system requires absolutely no effort to get going in producing large amounts of money. In fact, it takes about five clicks of a mouse, and that’s it.”
The CryptoTrader introductory video and website are filled with videos and fake testimonials from people who claim to have become millionaires while using the platform – despite the fact that the website is just a few weeks old.
Obviously, you shouldn’t believe a single word on the CryptoTrader page. It’s a blatant scam with absolutely no evidence behind it. So who created the scam? Let’s see if we can find out more about who made CryptoTrader.
Who’s Behind CryptoTrader?
The man in the CryptoTrader video refuses to give us his real name or tell us any information about his background. He feeds users some story about how his grandfather introduced him to cryptography. Aside from that information, we know nothing about the guy.
Typically, scam artists refuse to tell us information about themselves online to avoid legal trouble and other repercussions.
In any case, the WHOIS data for Crypto-Trader.co doesn’t tell us much more information about the scam artist. The domain was registered on June 28, 2017. The registrant of the domain used a Panama-based domain protection service to hide his identity from the world.
The only contact information listed on the official website is one email address at [email protected] The company behind the website refers to itself as Crypto Trader Ltd.
When somebody expects you to send them money or data online without giving up any information about themselves, you can be pretty certain that you’re being scammed.
CryptoTrader is absolutely a scam. There are countless red flags surrounding this “investment opportunity” and zero signs that it’s a legitimate offer. The company literally tells you that you will earn $5,000+ per day, every day using automated trading software that requires no skills, experience, or work to use. You install the software, then sit back and watch it make profitable trades for you all day, every day. Through this method, the company claims to have already turned 40+ people into millionaires.
Ultimately, it’s unclear what the point of CryptoTrader is. The website doesn’t currently accept new registrations – at least not from any phone number we tried. It seems likely that the platform will take your email and then spam you with offers for similar products – including automated cryptocurrency trading software or options trading software.
If you want to hold onto your money, be smart about it. Avoid CryptoTrader at all costs. It’s a blatant and unapologetic cryptocurrency scam.