de | cn | ru

Crypto robots

The massive interest in Bitcoin and cryptocurrency in general in the past year has given rise of all sorts of investment schemes in these financial assets, inclining the so called crypto robots. Websites allegedly offering algorithmic trading in cryptocurrencies and promising skyrocketing profits keep springing up like mushrooms after the rain. The truth, however, is that most of them are simply collecting personal data, or are pure scams. 

 
Usually with such robots we will see only a website with a trailer video describing a hot offer on the crypto market. Some websites are nicely designed, with well-edited videos, but most of them are poorly made and with very little, if any, information on the algorithm of the trading bot, how their software works, which coins are being traded, etc. Most importantly, none of the crypto robot sites we have reviewed provides any verified track record as a sort of proof that the advertised software actually works and is profitable.
 
Such scam websites often claim that their founder is some non-existent rich person who owns fabulous yachts, private jets and is always surrounded by pretty girls. Strangely, this person is eager to share the secret of his success, either for free or against an initial payment of, say, $250. 
 
The truth is that those who are lured into signing up will probably be transferred to some scam broker, which will pay a commission to the crypto bot website. The sales representative of the broker will do everything possible to get you deposit (more, in case you already did). 
 
Another typical thing about crypto robot scams is that their service is usually completely anonymous. Most websites fail to mention the name of the company that operates them, its headquarters, phone number, etc. Those who do provide some corporate information are hardly more reliable than the rest, as they are also unregulated. 
 
In case you are into Bitcoin and similar digital assets, you’d better trade those on a regulated cryptocurrency exchange or with a licensed broker that offers crypto CFDs. 
 
 
>> Regulated online investment solution <<

Crypto robots

Broker Country Regulation Review
Estonia N/A Review
New Zealand N/A Review
N/A N/A Review
UK N/A Review
N/A N/A Review
N/A N/A Review
N/A No Review
USA No Review
N/A N/A Review
N/A N/A Review
N/A N/A Review
South Africa No Review
No Review

Related News

UK’ FCA updates warning list with MarketGBP, Capital-Traders, and FXTRADE777

Jan 17 2019 08:59:23 Jonathan Smith in Market

  The UK’s Financial Conduct Authority updated its warning list with unregulated forex brokers MarketGBP, Capital-Traders, and FXTRADE777 on Wednesday. According to the regulator, these brokers have been providing financial services or products in the UK without its authorization. Read more

CySEC warns against World Trust Invest, Eurotrade Investments, and CoinOptions Trade

Jan 16 2019 13:32:44 Jonathan Smith in Market

  The Cyprus Securities and Exchange Commission (‘CySEC’) issued a warning against unregulated brokers World Trust Invest, Eurotrade Investments, and CoinOptions Trade on Tuesday. Read more

BaFin orders Prestige FM / Euro Wealth OÜ to cease operations

Jan 15 2019 11:58:26 Jonathan Smith in Market

  The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has ordered Euro Wealth OÜ, operating Prestige Financial Markets brokerage brand, to cease offering illegal cross-border trading services to German investors. Read more

ASIC blacklisted unauthorized forex broker 4XFX

Jan 14 2019 14:27:06 Jonathan Smith in Market

  The Australian Securities and Investment Commission (ASIC) added unregulated forex broker 4XFX to its warning list previous week. Read more

FCA added SafeMarkets to its warning list

Jan 04 2019 09:06:03 Jonathan Smith in Market

  The Financial Conduct Authority (FCA) in the UK added SafeMarkets to its long list of companies that illegally target British customers and offer financial services without a license. Read more

de | cn | ru