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Robot Crypto Trading Review: Why It’s A Scam

Robot Crypto Trading Review: Why It’s A Scam

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Robot Crypto Trading (RobotCT) is a suspicious trading robot. We had to investigate it further to discover the real face of this project. Generally, we have to avoid such trading robots especially if their performance history is not clear.

The main thing is that Robot Crypto Trading is a robot that was allegedly designed to trade Cryptocurrency pairs. It makes trading sound so simple that even people who have never discovered trading believe that they can easily make money.

Now, Robot Crypto Trading is being distributed for free. Anyone wanting to use it can go for it. But the question is whether or not this robot makes money.

Robot Crypto Trading Review

The thing with most free trading robots whose developers are anonymous is that they don’t work. And if that is the case, then there is no point in using them since you will most likely lose money.

The reason why we are saying that Robot Crypto Trading doesn’t work as described is because it’s based on popular generic trading bots for Cryptocurrencies such as Auto Crypo Bot and Bit Invested.

The thing with these robots is that they are generic and commercially available for all vendors to buy and sell them in form of free trading bots.

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Robot Crypto Trading is basically a collection of free trading indicators found on any charting solution. They are bundled into the algorithm and molded into one robot that can buy or sell markets based on certain pre-determined criteria.

Can such a robot make money? Of course not. That’s because generic robots are not dynamic, and will not respond to every market condition. They may make money off one or two trades. But rest assured that draw down will be huge. There will be no point in using such a robot as all the little profit you will have made will ultimately be wiped off.

Robot Crypto Trading review

The other thing we have observed with this generic robot (which has been branded using different names) is that sometimes their vendors allow demo trading to test the software.

Beware of this kind of demo trading because it is not simulating real market conditions. Price feed is fake, and definitely will mislead you because it’s rigged in favor of the robot. What this means is that Robot Crypto Trading software will appear to be winning most of the trades. But in the real sense, the software has no real ability to make money from a real market. It is definitely a complete waste of your money.

Are there any trading results?

While no wild return on investments were mentioned on the website, the vendor does nothing to produce evidence showing how this software has performed in the last couple of weeks.

We suspect that Robot Crypto Trading software doesn’t have any past performance record since it has never traded on any broker’s platform.

To be quite honest, traders need some sort of past performance showing the exact trading results of this software. That is the starting point to evaluating the effectiveness of a robot. If this data is not available or is available but not verified, then we are probably getting a raw deal.

Who is the vendor?

There is a difference between a programmer and a trader who is also a programmer. Generic robots are designed by programmers who are not traders.

The danger of using such a white label which has been branded to fool is that they won’t trade like a professional trader does. Instead, they will open trades disregarding the fact that market conditions change a lot.

So far, we do not know the owner Robot Crypto Trading software. The reason why we don’t know about him is that they made a deliberate move to hide their identity. Their about us page would be helpful to some point. However, it doesn’t necessarily give us as much information as needed.

Generally, we don’t trust anonymous vendors. They mostly have a second agenda even as they promote their software to the masses.

We also don’t think it’s worth taking time to investigate who runs this website. It’s a total waste of time since professional developers must make this information available even before visitors of that website can ask for it. So far, this has not been done.

What is the essence of all this?

The people behind Robot Crypto Trading software are definitely having an ill motive. They probably know that this is a money loser, and will trade your money to detraction. The best thing they can do is to make money off a false product while hiding their faces from the public. It makes them feel safe.

Also, the fact that this software has been rebranded and distributed widely and for free means that it is a poor quality trading program. It has literally been acquired by every scammer out there.

This isn’t encouraging at all. Unless you want to lose your money, there is no point trusting a robot with these characteristics.

Now, let’s mention this important thing: the software in question will make you deposit money with an unregulated broker. The broker in question is known as Ashford Investments and have been proven to operate an online brokerage without proper licensing. This is illegal. But above all, it means that traders will not have their funds insured if anything goes wrong. Lack of that security will always make traders uncomfortable.

Furthermore, most of these brokers resort to outright thievery because they are not under the watch of any regulator. So if you decide to make a deposit with this broker in the name of activating this software, you will be resigning to a very bad fate.

Our best advice for you

You can obtain a copy of Robot Crypto Trading software for free but you cannot activate it when you have not funded the broker with a minimum investment of $250. Therefore, this Cryptocurrency trading robot isn’t free at all. It costs money.

For trusted Cryptocurrency robots, trade with these profitable robots.

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