There’s a new and serial cryptocurrency trading robot that’s creating shockwaves in the industry. Though it is barely six months old, this robotic software seemingly does magic to investors’ money and multiplies them with little exposure to risks and losses.
But because almost all scam automated crypto trading projects arrive with similar gusto, but end up fooling gullible investors, let’s review Cryptorobot and see if it is legit trading software – or you can cut to the chase and read our top bitcoin trading bots post here.
What is Crypto Robot?
In fact, from afar, the platform’s beautiful palette that has no unnecessary frills, bells or whistles and no single tell-tale sign reminiscent of a scam project embodies a genuine trading hub. And as the homepage of their website introduces, CryptoRobot.com is an ingenious trading robot, automated to help Forex brokers engage in cryptocurrency trading as well.
It was officially unveiled on January 2nd, 2018 and has thus far managed to amass lots of traders all over the world. What this robot does is it allows investors sign up with several CFD brokerages that then trade in cryptocurrency-based CFDs on their behalf. Thanks to the robot’s abundance of trading indicators and the simplicity of the dashboard, anyone can understand how to trade with ease.
How Crypto Robot Works
It is easy to say Cryptobot is a smart tool that can allow anyone make money even when the laptop is off or when nobody is keeping an eye on it. Those who would love to earn free BTC, ETH or the likes will most definitely thank the heavens for such a robot. But all isn’t glamorous, or so it seems!
Essentially, CryptoRobot.com is NOT attempting to take advantage of the glamor around the popular cryptocurrencies. Sure, it accepts Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, Litecoin, Stellar, Monero, and Zcash. But it merely a trading tool and has nothing to do with the definite features of each of these coins.
After you’ve created an account, the next step is to deposit funds. The platform has six crypto trading brokers who are responsible for trading on your behalf. And that means all deposits are synced to a random broker.
Brokers require a minimum deposit of $250, but being the insatiable folks you will get to know, they’ll phone you right after you’ve wired them your money, asking for more. That aside, trading doesn’t commence until you select a trading indicator of your preference – RSI, Williams, MACD, Trend, CCI and Stoch Indicators. This decision is followed by making one money management choice from Martingale, Classic or Fibonacci.
Does Crypto Robot work? If Yes, where’s the proof?
It is bizarre that despite the publicity this bot enjoys, its developers didn’t bother even to include a short demo clip of some sort somewhere within site. As at now, all we can rely on are user reviews, which are confusing. Some say the account neither loses money nor gains. It is a wait-and-see situation, though it is too early to tell it is a scam project.
Beware, Crypto Robot MAYBE it is a scam!!
In a rather weird twist of events, the fact that it can “auto-trade” makes many scared given the inherent dangers such a nice trading concept as this always conceals. Many say the legitimacy of the brokers is questionable, especially Opteck. Also, the site has no real owner’s information, which raises lots of questions.