The Minerva Trading Bot by CMC INVEST (minervatradingbot.com) is a Telegram Crypto currency trading bot that promises to generate easy profits for users. The creators of this bot are also promising a free 5 € as welcome gift which will be deposited into your Telegram account as soon as you sign up and start using the bot. Surprisingly, interested users must sign up using a sponsorship link where a new user has to find their link and join through it. This is the same thing that happens in internet MLMs. When you share Minerva Trading bot with all your friends, you will earn up to 12% extra commission in 3 levels. Again, this is another piece of evidence that we are probably dealing with an MLM investment opportunity which is really not an investment opportunity.
According to the website, the Minerva Trading Bot is an automated trading solution for crypto currencies. It will invest in different crypto currencies and allegedly make you 5% per week, which is more than 20% per month. You can also make extra money by referring new clients to the system, you will get 12% on their deposits across three levels. That’s it, no fees, more than 20% per month. Doesn’t it sound too good to be true? As we look to answer these questions (since something is suspicious about this bot), we are recommending these trading bots to the trading community.
This is the brief description that we can find on the landing page of this product.
”The MinervaTradingBot is a performance-optimized and innovative telegram software that aims to automate entrepreneurial activities and to introduce newcomers to the world of trading.”
But in this Minerva Trading Bot we will lay out several problems that we see with this trading solution. We have already gathered facts and we are now presenting our findings here because we don’t believe that Minerva Trading bot is a trading solution. Let’s start with the most obvious one.
Want to make money automatically with Forex, Bitcoin and other Cryptocurrencies, Commodities etc without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! WorldMarkets is for you! With the WorldMarkets AI Managed Account Services, only YOU are in control of your investment funds. WorldMarkets is a trading platform that uses artificial intelligence to handpick highly profitable and low-risk trades for its users. It also goes ahead to trade for you based on analyzed data. And yea, you guessed right, “it almost never loses”. This is indeed the holy grail of trading. It is much more reliable and profitable than paying gurus to trade for you, mulling over candle sticks or playing the luck game. Using this system, investors and traders have recorded over 30% Returns on Investment in less than a month. And with a 100% compound return, you simply cannot lose with WorldMarkets. All you have to do is sit back, manage your funds and let the AI trade for you. Are you ready to start making aggressive profits regardless of the market’s direction? If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to WorldMarkets now and choose a plan to start trading. PS: WorldMarkets is a Profitable Forex/Crypto AI Managed Trading Service. 100% Verified and Recommended by Valforex.com.
Minerva Trading Bot is offered by a company called CMC Invest. This company is based in Montenegro.
It was registered as a company that will do business and other management consultancy activities. Nothing about investment services.
In fact, CMC Invest is not registered with any financial regulator, therefore it cannot offer investment services legally in most countries.
This makes Minerva Trading Bot an illegal product in most countries, money is not protected in any way, when you deposit with this robot.
Another thing we want to point out in this Minerva Trading Bot review is the excessively high weekly returns. Not only they promise 5% weekly, but they promise steady returns that you can start withdrawing already six hours after investing.
This is something completely unsustainable in any legitimate investment business. 5% weekly is extremely high, the best world’s hedge fund would be extremely happy to do this in one month.
Plus, in investing you can never guarantee any returns, let alone steady weekly returns, it is just impossible due to the nature of the financial markets.
Add to this the Minerva Trading affiliated program with an additional 12% on your referrals and we believe that this robot is in fact a Ponzi scheme that does no trading, just an illegal financial game with money.
We think it just redistributes money from deposits, there are no real profitable trades. This make it only a question of time before the Minerva Trading Bot collapses.
According to an incorporation document done by CMC Invest on the same company, Gregor Maihart is the owner of the company. Therefore, Maihart runs the Minerva Trading Bot and he’s the person featured in the video.
The CMC Invest appears to be just an offshore firm that Minerva uses in money laundering attempts. The Facebook profile of Maihart reveals its location as out of Austria, which matches Alexa traffic records.
Maihart’s MLM history is also quite unclear, as neither Maihart nor Minerva Trading bot is registered with Austria’s Financial Markets Authority.
When it comes to products or services, Minerva Trading bothas no product or service to market. The affiliates of the program simply market their affiliate membership.
We are not very confident that this bot will make you any money in the long run. This is because we have already presented evidence of why we believe this is an MLM or worse still a scam.
The developers of Minerva Trading Bot claim that their robot can generate over 20% return in a month. If this is true, then this bot could be considered the most profitable Crypto currency trading bot ever. The problem is that the developer cannot substantiate this claim with any factual data. Usually in trading, one can easily pull out their trading statement if there is need to. But in this case, the developers don’t have any verified trading performance which they can use to prove to us that the bot in question is generating over 20% monthly returns.
Secondly, the developer of Minerva Trading Bot does not explain their trading strategy on their website. What they are telling us is how the bot is profitable and all the advantages we can enjoy when we sign up to use this bot. This is one of the tell tale signs that we are taking seriously because if this robot was a serious product, the developer would have taken their time to provide a description of the trading strategies which they used in the algorithm of this bot.
Instead of providing a description of how the bot works, they state the following: ”Click on the “Start” button, accept our terms and conditions and invest now. Your profits are waiting for you!” ”The simple and understandable user interface provides a comprehensive navigation menu, and is free for everyone to use.” This is definitely a shallow statement which does not tell us how the bot works.
We don’t trust Minerva Trading Bot. If you would like to make profits from trading Crypto currencies, we recommend using verified trading bots with proven trading results.
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 will not be 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. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, 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