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Crypto Auto Trade Review: Scam Abusing Cryptos

Crypto Auto Trade Review: Scam Abusing Cryptos

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We are publishing this review because it has come to our attention that Cypto Auto Trade is a hoax. This scam is allowing everyone into their website. To start making overnight wealth, all you have to do is visit Cryptoautotrade.com, fund your account with their brokers and you’re all set. Cypto Auto Trade will handle the rest for you. In fact, the website claims that this robot trades 24/7, meaning that it is always making money even during the weekend.

We all know that the financial markets are closed during the weekend. In short, no one trades during the weekend, and even if you were to trade, liquidity would not be sufficient for you to make any profit. That’s why most (if not all brokers) often choose to shut down their network after Fridays 12am.

crypto auto trade scam

Cypto Auto Trade Review

What exactly is Cypto Auto Trade and why is it always making money unlike other robots that make money today and still have bad days where they lose money?

Well, we have already hinted that Crypto Auto Trade is a robot. It makes money by copying other ”successful traders” so that you can also replicate their results on your live account.

Because it is a fully automatic trading robot, you just have to set it up and leave it alone so it can do its thing. It does not need any human intervention. It brings wealth whether you like it or not.

According to Crypto Auto Trade website, they created this robot so that traders could finally have freedom away from their computers. We are talking of freedom in terms of time and money. This means that as long as traders have this software running in their PC, they can always globe trot the world because money is coming in 24/7 on auto-pilot. We all dream of a lifestyle where we don’t have to work to make money. Now, this is the kind of lifestyle that Crypto Auto Trade is promising.

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The bitter truth about Cypto Auto Trade

Unfortunately, this kind of lifestyle simply does not exist. Unless you are a multi millionaire who has already made wealth, there are zero chances that you will ever lead this lifestyle with a robot like Crypto Auto Trade.

The truth is that this is a binary options robot designed to scam people and enrich the pockets of the perpetrators.

The website is very simple in design, and the message is very clear. You sign up and start enjoying winning binary options trades. This is not explicitly stated though. But if you consider a fake trading results table (found on the website) which is purporting to stream live results, you will see that this is just a binary options trading software. No crypto-currency trading is going on here.

There is also a live chat feature on the site which is enticing users to start conversation with the criminals. We did speak to them briefly concerning the so-called Crypto Auto Trade. But when we began asking the hard questions, they suddenly stopped talking to us. We felt that this was rude.

But again, what do you expect from an Internet criminal? You see, if you sound like a prospect who is willing to buy the product, full attention will be given to you. However, if you sound like someone who is just curious and wants to know whether or not this is a legitimate website, you will simply be ignored. So that’s what these scammers have been doing.

The testimonials are not real either

We wish to state very clearly that this website is using fake testimonials to convince the naive that this is a legitimate business.

crypto auto trade fake testimonials

They either steal or use stock photos alongside fake reviews which purport that the business is legitimate. These reviews are often written and edited by the owner of the website. These are not real people giving their opinions about the software.

If you conduct a Google image search by inputting the respective image URLs, a number of those images will show up, and it will give you a clue on where those images were stolen from.

If you want to establish the truth, just try looking for other user reviews outside the Crypto Auto Trade website. Is anyone talking about it elsewhere?

You see, if this software was real, it would be in the news and everywhere else on the Internet. There would be no need to publish any review or testimonial on the Crypto Auto Trade website because reputation speaks for itself.

But as you can see, there are no user reviews or testimonials that confirm what the fake users on this website are saying. Is this a red flag? Definitely yes.

Do they trade crypto currencies for real?

Crypto currency trading is the hottest thing on the internet right now, and every scammer out there wants to associate themselves with these digital coins.

The good thing is that this website has already given us more than enough clues to help us put together a review about it.

You see, the suggested live performance table shows fiat currency pairs being trades. This means that no cryptos are being traded here at all.

What message is this website passing across? It is literally saying that besides abusing binary options, they are also abusing crypto-currency trading by taking advantage of the fact that many people are ignorant about digital coins and any investment that is related to them.

So, how does Cypto Auto Trade work?

Crypto Auto Trade is basically selling fake signals which don’t come from professional traders like they would want you to believe.

Instead, these signals are randomly generated to make you see that they are doing something, and that your time with this software will be worth it.

You see, the trick is simple. We mentioned earlier that after signing up, you will be forced to make a deposit with one of their brokers. They are using Option500 by the way. We hear a lot of customer complaints against this broker.

So the idea that Crypto Auto Trade is free is just a fallacy. This software is not free because you cannot use it on an empty account. The alleged trading deposit which you’re making is also the cost of the robot. When you make a deposit, a part of that money goes to the owner of this scam robot.

The cold hard truth is that traders stand to lose all their deposits in the hands of unregulated brokers which the owner of Crypto Auto Trade has chosen to work with.

While the minimum amount of deposit accepted is always $250, Crypto Auto Trade is encouraging traders to part with between $500 to $1,000. They claim that the more the amount of money you are trading with, the quicker the riches will come. But they are also making sure that those who can’t afford $500 are also being welcomed on board. This is pure marketing and a ploy to steal from all people regardless of their pocket size.

Our best advice for you

We cannot ask anyone to sign up with Crypto Auto Trade website. All proof and evidence of scam are intact. There is nothing else that we are looking for in order to conclude that this is a big scam. Please void this service at all cost. If you want to mine crypto-currency, find a good opportunity here.

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One Reply to “Crypto Auto Trade Review: Scam Abusing Cryptos”

  1. Scammers are on all of us, regardless of where our loyalties lie. Luckily I haven’t had any abuse and hope not to. Keep up the good work keeping us informed. This article was very informative.

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