Centobot Review: Is a Scam?

Centobot Review: Is a Scam?

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Centobot is an automated cryptocurrency trading software that claims to have the most straightforward steps in making profits for investors. The company claims that investors can select the robot based on their desired level.

You are also entitled to watch the evolution of your balance, and you can control your losses by stopping the robot once you reach a certain level of damages. Once you complete the sign-up, you’re entitled to top-notch experience services and that they have the highest payouts ever.

However, do not be so quick to fund your account because not enough information has been provided regarding the software and how it operates. The platform also accepts credit cards, Bitcoin Ethereum and up to 15 altcoins that you can use to fund your account and start earning.

The platform is fully automated, and you can adjust the robot based on your level of income and watch your trades double and triple within a single day. Furthermore, get rich quick schemes usually turn out to be scammers, and we do not recommend this platform yet.

However, there are legit trading tools that you can depend on to make profits for you and are entirely transparent in the method of operation, and the plans are tried-and-tested hence profit is guaranteed. Review uses various brokers, yet they do not mention any regulation that they hold and you risk dealing with unregulated brokers, and the result is not entirely pleasing. Investors can select up to four different brokers, and the price is set to $250 as the minimum deposit on the minimum investment is $0.1; the maximum return is set at 95%.

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Centobot Review, Platform

Investors can choose various trading indicators on the website, including CCI, MACD, Williams, RSO, Trend, and STOCH indicator. However, most indicators reapply the signals, and the result is not likely to profit you.

They also claim to have won various awards including being the best binary robots, top quality award, and 100% confident award. However, these awards are just made up, and you risk falling for their catch if you believe any of their allegations are true.

Scammers will always try to seem legit, including making up awards that do not seem to exist anywhere, and similar traits are visible in Centobot. Not enough relevant information that is needed to prove the legitimacy of the company is available; hence this platform will only result in losses.

However, the people behind the software are unknown, and you risk trusting a trading robot that will not benefit you a single coin. The claim to offer user-friendly robot and that it is an added advantage.

Meanwhile the central question, how is the robot is going to generate the profits is unknown. You also need to be provided with a demo account freely that you can tell yet you have to pay to access the demo account facility.

They also claim that the platform is a collection of various robots that are designed to enable clients to profit from the most volatile financial markets. Centobot was started in 2017 and that you can trade multiple assets in the automated style and that it was created with a team of experts, yet no information about them is available.

The platform claims that they do not fail investors on speed and that it is essential in the Forex market. They claim to deliver fast trade executions via fibre-optic technology. Investors are also promised dedicated managers who help them understand the use of the robot.

Regulation and Customer Support

The company claims that it’s based in the US, and they do not provide any regulatory information to support legitimacy. For any legit investment firm to be allowed to generate funds from the public, they need to follow all the mandatory laws set by various countries.

Centobot does not provide any incorporation or regulatory data that they hold, and you risk dealing with criminals to make a profit for you. Dealing with unregulated platforms only means that your fund are not safe, and you’ll only end up making losses because the company may get closed at any given time.

The owners of the platform risk facing criminal prosecutions and is the main reason do not reveal any information that leads to their location. No contact information has been provided that you can use to reach the platform in case you require assistance.

 Unregulated platforms do not last for long, and they do not showcase any transparency in the method of operation, and you risk losing all your money. Location whereabouts are also very essential because it boosts the customer’s trust with the company.

The platform claims to provide dedicated customer support, yet no contact support information is availed to customers, and your details may end up getting blocked once they have your funds. If at all, this company is offering profits to investors, they need to reveal the kind of regulatory measures they take.

Centobot Robots

The platform has up to six different robots do they claim will benefit every investor; Cryptobot v2.0 has been developed to trade with the most popular and use cryptocurrency and that depends on MACD and RSI technical indicators generating up to 300% every month.

Bitcoin Algo v2.1 trades only with the most significant cryptocurrencies and that it’s based on analysis that provides a trade history for every currency pair. Ethereum Rise v1.1 this robot is set for trading Ethereum cryptocurrency, and they depend on CCU stochastic analysis.

Crypto Majors v1.1 this robot is developed to trade with the most popular two currencies that entirely depend on RSI and MACD generating the same amount 300% each month. Altcoins Combo this robot allegedly operates most popular altcoins, and the algorithm is profitable due to risk diversifying among different assets.

The last trading robot allows you to create your robot and that you can pick up each currency and technical indicators based on your preferred trade.

Funds Safety

No banking information is available, and the safety of the fund is not guaranteed because who is controlling your funds is unknown. Furthermore, you have to pay to access the demo account, and this is a major red flag that is noticeable by any experienced traders in the trade.

The company does not provide any past trade evidence that you can use to prove any trade activities taking place. For you to trust a platform to make profits for you should be able to see at least three months of past trade transactions for the robot has been able to complete.

Final Verdict

Centobot is generating funds from the public legally without providing any regulatory data that allows them to do so. Dealing with unregulated platforms results in massive losses and do not know who is controlling the company.

You are looking to make profits you should invest with legit trading robots that have been tried and tested and are transparent in the method of operation. The company also does not provide any information about its team behind the platform and the kind of experience they hold.

Once you fall for their catch, your details may be blocked, and you will not be able to access the website. You should invest which platform do they give you a free trial to come up with the winning trade strategy.

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