Two weeks ago, a new and viral trading robotic software was released, and our Cryptorobot.com Review will explain everything you need to know before signing up! Make sure to read our entire report to get the full story. If you still have any questions after reading this review, please send us a message or post in the comments below. Within a few months, there will be thousands of people trying to get their money back from this scam. If you are one of those people, please send us a message, and we’ll give you our advice.
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Official Website: https://www.cryptorobot.com/
Cryptorobot is an automated trading robot that trades cryptocurrency using a wide variety of trading indicators. This new cryptorobot scam is very simplistic and lacks a lot of the frills and bells and whistles that other crypto robots have recently been promoting. In fact, it doesn’t have any of the tell-tale signs of a scam. We decided to invest our own money into it in order to determine whether it was a scam or not (more on what happened below).
If you are interested in trading cryptocurrency you have probably found numerous offers delivered to your inbox from people claiming to be crypto experts who can guide you to success. Just yesterday I saw signs on the side of the road with information about how to get in touch with a so-called crypto trading expert. You might be wondering why people want to offer to help you? Why would someone create a cryptocurrency trading robot and then give it to you for free? What do they get out of it?
Before we talk about our own experience using the Cryptorobot scam, we need to explain exactly how it works and what it promises.
How Does Cryptorobot Work?
Cryptobot is a basic trading software that allows you to trade automatically even if you are sleeping or your computer or phone is shut off. This sounds like a dream come true to most people. Cryptorobot.com scam is especially attractive to brand new traders that don’t know how to trade but who want to earn BTC!
After creating an account, you’ll be asked to deposit. When you are ready to deposit, you will be synced to one of six cryptocurrency trading brokers that will handle your account and all of your trades. Your money will go directly to the broker and any withdrawals will be processed through them as well.
The minimum deposit for most of the brokers is $250. However, expect a phone call shortly after signing up where their account specialists will try and convince you to deposit more money.
Once you are done depositing you’ll have the option of selecting a trading indicator that you’d like the software to utilize while it trades for you. Your options include RSI, Trend, Williams, CCI, MACD, and Stoch Indicators.
Additionally, you will also need to then select your money management choice which includes three classic choices, Martingale, Fibonacci, and Classic.
After you are done, simply sit down and watch the software began placing trades.
If Cryptorobot works, where is the proof?
Notice that nowhere on their site is there any trading results or proof of trading. If this robot works so well, we’d like to see the trading results. **We are currently taking YOUR reviews.** So far, our readers have scored this scam at a C-. Some people have noticed that while their account is not losing money, it hasn’t gained any either. The trading software seems to lose and win trades in such a way that your account size does not go too far up or too far down. Nobody we spoke with had taken a withdrawal yet.
We signed up two weeks ago thinking that we could make a few hundred bucks and then withdraw in order to show our trading results. The first problem we encountered is that we were linked to an unregulated broker, Opteck. Opteck is a scam broker that doesn’t follow regulations and if you actually manage to withdraw anything from the system, you are one of the lucky few!
We signed up with another one of our writers and were again linked to Opteck. We absolutely refuse to join this broker and with that, we ended our attempts to sign up.
Some of our readers may feel short-changed that we didn’t risk our money in order to see what the robot is able to do. But please understand, why would we sign up with a broker that is notorious for withholding money to the point that we have helped advise people on how to take legal action against them!
What’s even worse is that ALL of the six linked brokers that support the Cryptorobot scam software are not trusted. We wouldn’t even recommend you to join these brokers in order to trade manually, much less with an auto trading bot.
Cryptorobot.com Scam Missing Information!
In our investigation, we hoped that we’d find some legitimate information about who owns and operates this trading robot. Who created the robot? However, we failed to determine who is behind the cryptorobot.com scam because the admin has done a very good job of concealing his identity.
Whoever he is, one thing is for certain. He doesn’t want YOU to find out who he is or where he lives. Why would an honest salesman hide their identity? There is only one good reason because he knows his trading bot doesn’t work. He doesn’t want you to come looking for him when you lose your money!
What Does Cryptorobot Admin Get When You Sign Up?
In the first paragraph of this Cryptorobot.com Review, we posted a few questions. Why would someone create a trading robot in order to give it away to you for free? What’s the catch and what do they get out of it?
The answer is simple. Whenever someone signs up with their robot for FREE, they are linked to one of those unregulated trading brokers we mentioned above. In order to use the trading robot, you MUST deposit into the broker they snyc you with and began to trade. Each of those brokers pays a commission payment to the creator of the trading robot. This is why they give their software to you for free.
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Is Cryptorobot a Scam?
Cryptorobot.com is a scam and should be avoided. Their refusal to work with legitimate regulated brokers made it impossible for our team to sign up. If you have lost your money, we can advise you on how to get it back, so please send us a message!
Stay safe online and as always…