What is The Cryptotrader? CtyptoTrader is an online portal for creating and using automated trade software programs in order to play the cryptocurrency markets. Let us establish its legitimacy.
Owner: David Richmond
Price: Minimum $250
Clients: Cryptocurrencies Traders
Overall rating: (2.4 / 5)
There are no many trade brokers out there to be trusted. Many are being formed every day and none of them cares about the well being of traders. They are all focusing on the profits and swindling the traders of their money. This has become so due to the hype feeling that bitcoin is the next big thing in the world. Today we review a broker that offers to trade and establish whether its real. below is Cryptotrader Review
Many people dream and wish of making big money online. There are those people who work hard day and night and for sure they earn a lot of money and there are those who seem to get lucky. Today we are looking at a money making system that claims to make the process of making money online very easy. In fact, the guy in the sales video for this product claims he has made millionaires with this system. The product is called Crypto Trader and is currently becoming very popular online.
What is the Crypto Trader?
Crypto Trader is said to be the next greatest thing for making money online. The system is based on the idea that you can trade binary options on “Crypto Currency”. Although this might sound complex and confusing to many people, the system also claims to be very easy to use. So easy in fact that the entire process is done “automatically”
If you are totally new to the idea of making money online, then you might not have heard about binary trading. Binary Trading is a method of investing money in stocks, shares, and commodities from home. In recent years the process has been simplified a great deal by many online trading platforms that have cropped up.
Since the popularity of binary trading has started to increase, so too has the number of binary trading scams. Right now we are seeing new scams being launched onto the market every week. So is this just another scam designed to rip you off? Or is Crypto Trader a legitimate way to make a ton of money?
To get access to the Crypto Trader robot, traders must fill in the provided web form by providing some personal information. Then, they will be required to invest at least $250 in the system to start trading with. Finally, they should activate the autopilot feature of the platform and let it trade on their behalf. It is said that each member of the system will ear at least $5,000 per day. Advanced users are said to earn up to $45,000 per day which seems really impossible.
Every person who trades actively or has traded before, whether using a legitimate software or trading manually has suffered losses. It is, unfortunately, the name of the game. It is understood that when a software claims it cannot lose a single trade, you are better off not using it in the first place. Those are just sweet words to get you into their world.
The different memberships
What is The Cryptotrader? CryptoTrader is extremely a cloud-based cryptocurrency exchange Trade bo. Usera purchase monthly memberships to gain the access to the Trade Platform. Some of this Bots are free to use while others cost a pinch of a fee set out by their creators.
The membership to CryptoTrader is broken into tiers each with different capabilities.
- Basic+. Costs 0.005 BTC per month. Its features include Backtesting, email alerts, access to 1 live trading bot, $1000 trading bot equity limit.
- Regular. Costs 0.009 BTC per month. Almost the same as Basic+ but increases trading bots to 3 and equity limit to $5000.
- Pro. Costs 0.015 BTC per month. Almost as Regular, but adds SMS alerts, margin trading / short positions, access to multiple trading instruments, early access to new features, increases trading bots to 5 and equity limit to $20,000.
- VIP.Costs 0.032 BTC per month. Same as Pro, but adds priority support, increases trading bots to 10 and imposes no limit on equity.
- Premium. Costs 0.064 BTC per month. As Pro but increases trading bots to 25.
All the prices are set in Bitcoins.
How CryptoTrader Do It!
The Crypto Trader website requires you to provide several pieces of information that it needs to set up your account. You will be asked for quite a bit of personal information, including your telephone number. There is a very good reason for this. First of all, these scammers need your details to set up a binary trading account. Secondly, they use the information that you provide to sell to other marketing companies.
If you sign up to Crypto Trader you will very quickly receive a phone call from someone wanting to verify who you are. This is required by law, but watch out because these guys are trained salespeople.As well as verifying your identity, the binary trading company will attempt to sell you their training products or services. These services can be extremely expensive!
Every time someone deposits money into their binary broker account, the scammers make a commission. And every time someone signs up for the additional services, they make money there too. Selling your personal info to the highest bidder is also quite profitable for the scam artists as well.
Crypto-Trader software is a dangerous scam. There is nothing credible about this system . We, therefore, conclude there is far too many warning signs present and we would sincerely advise our readers to reconsider their options. Other known systems like Maximus Edge will at least bring you some profit, whereas Crypto Trader will do nothing but drain your account in a matter of hours.
Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. What is The Cryptotrader? They hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Take control of your Trades. Trade with proven brokers and please never invest more than what you can afford to lose.
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I wish you the best!
Crypto trader and blogger on: