Bitradeo.com is promoted as a Crypto currency investment opportunity where traders use a special kind of arbitrage trading bot to profit from price difference which exists between exchanges. The website announces that they are making arbitrage trading easy for everyone who is interested in making money this way. Bitradeo also offers various coins for trading and with this variety, it is quite obvious that new traders will find it attractive. The platform does not seem to offer a way for traders to manually execute trades or use their own robots. Instead, it looks like investors are only required to create an account and once that is done, they can let the alleged Crypto currency bot trade their accounts automatically. So it is like you deposit now and come back later to collect profits.
The concern is whether it is true that Bitradeo has developed an arbitrage trading bot and secondly, we want to know if there are people who have ever profited from this operation. Thirdly, we want an explanation as to why the ownership details of this site has not been provided. Do not forget that this kind of activity needs to be regulated since they are taking people’s funds and claiming that they can invest it through arbitrage trading and return a profit at the end of the day. Clearly any investment website that operates like this needs to be regulated. We will need to find out why Bitradeo is not yet regulated. Genuine Crypto currency investment opportunities are here.
On their website, they claim that Bitradeo makes it possible for small investors to participate in arbitrage trading and earn more profits than they would be able to make if they tried it on their own. Their automated arbitrage trading platform is constantly monitoring hundreds of markets to find the best arbitrage opportunities. With regards to making money, the website tells investors to do the following:
”On the “Auto-Trade” page you can find a list of updated arbitrage opportunities. Choose one opportunity and select the amount you want to trade. Everything else is automated, just wait for the end of the operation to receive the return of your investment into your wallet.” The length of time that it takes in order to reap profits or execute trades is explained in the following statement. ”The approximate time necessary to carry out the operation depends on the difficulty of deposit and withdraw for the different exchanges, as well as the time necessary to exchange fiat currency. Some Arbitrage opportunities are completed after few days, while other may take some weeks.”
The website claims that their trading does not experience any loss, which we think is too good to be true. This is what they say in their FAQ page.
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.
”Cryptocurrencies price fluctuate constantly and a sudden change in one of the markets can make the operation no longer profitable. If this happens in the middle of a trade, our system will stop the operation and return the initial amount.” So this essentially means that Bitradeo is claiming that when price moves in the unfavorable direction, the contract will be stopped and initial capital invested will be returned. You need to ask Bitradeo why this capital is being returned and who pays for the loss since we are certain that Bitradeo cannot pay for the loss. So if they are returning your money in full, it simply means that someone else is going to pay you back.
You need to understand that this is not how trading works. There needs to be people who profit and those who loss. Bitradeo is quite unrealistic in this statement and it is one of the red flags we will consider when concluding this review.
They give us the following statement to elaborate on the fees which they are charging for this service. ”Our service fee is 20% of the profits of an arbitrage trade. You can check the service fee of each arbitrage opportunity on the “Auto-Trade” page. Please notice that the ROI value shown next to each arbitrage opportunity already includes the service fee. A 0.5% fee is deducted from any withdrawal to cover transaction costs.”
If you want to be certain that this is probably a ponzi scheme rather than a legit investment activity, you need to consider the following statement: ”Bitradeo.com will pay you a set commission for any leads that you send through your sites/banners/links/etc. Whenever a user registers via your affiliate link and starts an auto-trade, you will earn a percentage as a commission. Affiliate program consists of 3 levels, so you also get commissions from the users attracted by your referrals.”
That statement shows that this is a ponzi scheme as opposed to a genuine investment operation. What are levels for in this operation? Ponzi schemes put emphasis on membership levels because that is how they make returns. But in trading, nothing of that sort has ever been implemented because it is not necessary. So this is solid evidence that indeed we are dealing with a ponzi scheme in the name of an arbitrage trading opportunity.
You should not invest unless you want to lose money. It is clear that these people have not developed a trading bot and they are not making money through arbitrage trading. The only way they make money is by accepting member deposits and paying out a certain portion as profits. This is supported by the fact that the website has not presented their trading results for us to scrutinize and find out the truth. They must be reluctant because the real operation is all about stealing funds from unsuspecting victims.
Bitradeo is a suspicious investment platform and is unreliable. You must avoid this operation at all cost. Only those who want to lose their money will invest here. Just find reasonable investment opportunities that don’t over-promise and make money. Don’t assume that a scam like Bitradeo will earn you any money.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More