Menu Review: Beware of this Scam Bot Review: Beware of this Scam Bot

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The reason why we are publishing this review is because we have identified a fresh scam, Rain Cloud Coin. This scam targets the financially inexperienced. So if you know nothing about trading and would love to use a robot, stay away from this thing. We have good alternatives for you to pick here.

Rain Cloud Coin is supposedly offering a solution for trading the Crypto currencies market place. The developers say that Rain Cloud Coin is an easy and holistic solution for trading the Crypto currencies market because it is fully automated. This is a generic statement, and many traders are wondering whether to trust this website or to ignore it. The good thing is that there are many red flags on the site. You can’t miss them if you decided to investigate the website on your own.

So the question is this, should you let a software like Rain Cloud Coin trade your funds? The answer should be obvious to you. But in case you don’t believe it, here is what you should know.

Rain Cloud Coin Software Review

You see, we have talked about hundreds of similar software before. And we can tell you that Rain Cloud Coin is not any different from the software that we have reviewed here before. In fact, the developers just branded the same generic software which has been used to scam people with their own name. It is a well known white label and it keeps losing money each time we encounter it. They started using this generic app in 2016 when Binary options were the real deal. They scammed people during that year, and now they have jumped onto the bandwagon, claiming to trade Cryptocurrencies profitably.

Rain Cloud Coin

By the way, Rain Cloud Coin is being used by many scam entities which are claiming to offer real trading solutions to the masses. We have never seen this software being used by a legit operation. One thing we have discovered is that this trading platform is sometimes used with a fake demo application to mislead new traders. This way, the scammers can manipulate price feed to deliver fake trading results.

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The demo results can be misleading because many traders simply fall for the trick and invest their hard earned money into the scam, thanks to the demo.

The bottom line is that this software cannot be trusted. It has a bad reputation, and for that matter, you should never use it by any means. Unless you want to lose your funds so you can regret later, there is generally no need to use such a robot.

How the scam works

The vendor is listing some generic features of the Rain Cloud Coin app and claiming that these features will give us a trading edge. It is allegedly 100% secure, and can be customized according to our needs. The software is also offering a guided interface to make it easier to get started.

To convince traders further, the sales page claims that this software trades 500 different signals combination with 3 different strategies. What exactly are these strategies that the robot is trading? No one knows. We have no idea because the sales page is only giving us generic information regarding the trading methodology that this software uses.

The user friendliness of this trading app is equally not useful if it cannot make money. From what you can see, this generic explanation doesn’t give us any confidence in this software. Instead, it serves to repel even more traders because there is no proper explanation concerning how the software works and how it can generate returns. At the end of the day, traders are concerned with returns and not generic features which are not serving any purpose.

The bottom line is that Rain Cloud Coin wants you to make a deposit with a shady broker. The broker in question is known as XtraderFX. The reason these crooks want you to make a deposit with the broker is because Xtrader FX will pay them when they refer new depositors. This is not necessarily a bad thing. However, if the vendor is using misleading sales tactics to convince traders into making a deposit, that automatically become a crime.

Unfortunately, this is what the anonymous person behind this operation is doing. They are misleading traders into thinking that the app works and that it makes money on auto pilot. Once traders fund their accounts, they quickly discover that things are different. The software does not give the same results as in the demo version.

The issue is that all users who end up depositing their funds with the aforementioned broker will lose it all. If they lose it, they will never recover it because this robot simply trades funds to waste. It does not trade to make any profits since it does not have that capacity in its algorithm.

Anonymous developer

Rain Cloud Coin is owned and operated by an anonymous developer who is clearly hoping that you will be ignorant enough not to query their identity. Having said that, it should not be much of a debate when we say that an anonymous developer is definitely a scammer. It is written all over the site. Anyone who wants to trade Crypto currencies using robots should make use of these robots instead.

What else should you know about Rain Cloud Coin?

We have listed down a few things that are making this website qualify to be categorized as a misleading scam. These include anonymous ownership, lack of trading results and use of unregulated brokers which clearly shows that the person behind this operation is only concerned with earning commissions and not the welfare of the user.

Our best advice for you

As always, we never recommend scam products here. Rain Cloud Coin is such a poorly constructed idea and the scam ends up giving itself away in front of its audience. If they were smart, perhaps they would have deceived us too. But this isn’t the case. The best thing to do is to stay away from such an operation.

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