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Spillover BOT Review: Is Spillover BOT Scam?

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Spillover BOT Review: Is Spillover BOT Scam?

The SpillOver Bot is a system that claims to offer you the opportunity to make money online without facing common market risks. This bot boasts of being the fastest way to make money on the Internet.

The company promises you consistent returns through their automated system that uses a unique algorithm. They claim their bot brings in earnings after every 1 to 3 hours.

They also claim to trade in cryptocurrency. While this may be true, the company provides no evidence of cryptocurrency happening in the background. We cannot trust this claim until we see evidence of the same.

Advantages and Features of Leading Trading Robots

Let’s dive into the advantages and disadvantages of investing with a reliable crypto trading automated tool.

  • Easy to use

These are some of the easiest trading tools to use thanks to their engaging interface and memorable trading experience.

You don’t even have to be an experienced trader to get your hands on these wonderful trading tools.

  • Dependable and Trusted

Traders want a dependable and trusted tool that will meet the promise of making reasonable ROI for investors.

You get a chance to use institutional-grade trading tools that will improve your trading skills as well as overall performance.

  • Live price streaming

You get live price streaming on demo or even live accounts thanks to the versatility of automated robots. These robots are secure and come with 128-bit encryption that protects traders on all platforms.

  • A wide selection of robot strategies

Traders get to choose from a wide variety of trading strategies, these include auto-hedging, statistical strategies, scalping, and market sentiments. All these strategies fit the bill for all classes of traders.

  • Fast trade execution

Fast trade execution is important especially when executing automated trades. Forex scalpers will often use high-frequency trading strategies to enter and exit market positions in a day. Robots use dedicated servers to cater for fast execution of trades.

  • Easy to Manage

Most of the tools are easy to manage in that they do offer reasonable monthly or yearly charges for update.

Most of these cryptocurrency trading tools will offer some of the very best when it comes to free subscriptions and trials.

  • Custom tools for traders

You don’t have to use the parameters of the robot’s developer, these tools give traders a chance to custom the features.

Traders can now test their trading skills by setting their preferred trading styles with any of the listed robots.

The company offers you the opportunity to make money by referring others to the platform. You can upgrade to new levels once you fill the required positions on a scale. You get paid every time you fill the needed positions on a range.

Spillover BOT Review, Spilloverbot.com Platform

We are convinced that deposits are the only source of revenue for this company and that no trading happens in the background. If this is the case, then the company only redistributes money made from deposits and calls that returns.

This is not a sustainable system, and it always ends up collapsing. Investing in such business models is a significant risk, and you might end up losing all your investment when the company exits the market. You should only venture with profitable trading bots which operate sustainable systems that can earn you consistent returns for a long time. Start growing your account consistently today by investing with our top recommended products.

Spillover Bot Review

This company offers you the opportunity to make money online by referring others to a paid affiliate membership program. The company requires you to fill out several positions on the level that you are before you receive a payout and upgrade to a new level. It also claims to perform cryptocurrency trading for revenue generation.

The company accepts members from all over the world. They say you do not need a trading background because their automated bot will do everything for you.

The CEO and the owner of this company go by the name David Fries. That is the only information we were able to gather about him. The company does not reveal whether he has any experience in cryptocurrency trading.

Companies that are run by experienced individuals always have the edge in the cryptocurrency market. Either way, the company does not provide its trading results. We cannot verify that this company has a successful track record when it comes to cryptocurrency trading.

This company does not reveal where they are located. This is always a sign of a company that does not want to be tracked down. It is always worrying when a company hides its base of operations.

How does SpillOver Bot Work?

To sign up, you click register and deposit cryptocurrency. You are then required to fill out six positions. When you fill these six positions, you receive a payout in cryptocurrency and can upgrade to a higher level.

50% of revenue from a level is used to pay members in the standards higher. Taking this share as a whole 100%, 40% of it is used to pay you, who recruited members to fill the six positions. The other 60% is used to pay the three levels above you, each receiving 20%.

This model takes the shape of a multi-level marketing scheme. However, the company provides no products. Therefore we are left with a Ponzi scheme. Without evidence of cryptocurrency trading happening in the background, this seems to be the only explanation for the working of this company.

The company claims that the higher your level, the higher the revenue you receive. This is their way of encouraging you to buyout into more senior levels.

Spillover Bot states that this is the easiest way to make money fast on the Internet. Furthermore, they claim that you don’t have to learn anything and that their automated systems will take care of everything for you.

The company accepts payments in cryptocurrency. This means that it is impossible to track or reclaim any payments made to the company in case of any issues.

The company promises fast payouts within 1 to 3 hours. You can use whatever wallet you want to make withdrawals. The minimum withdrawal limit for this company is set at $10.

Regulation and Fund Safety

This company wants you to believe they operate a multi-level marketing business model. For any company to be allowed to run such a model, they need to be offering a product or a service. This company does not seem to provide any kind of product or service. This means they are operating illegally under the law.

Additionally, the company does not provide any indication that they are a regulated company. We do not recommend investing with any company that operates unregulated. Regulatory bodies protect investors from getting scammed.

Another issue we have is the fact that their systems are unprotected from hackers. They lack SSL encryption, which is a necessity for systems that handle funds. Moreover, your personally identifiable data like email addresses and passwords are at the risk of being accessed by unauthorized parties.

Domain Insight

The official domain for this company is spilloverbot.com. The domain was registered anonymously on the 1st of October 2018. The registration expires on the same date in the year 2020.

Companies that do not take out long registrations for the domains usually do not plan to stay in the market for long. We fear this may be the case with this company, mainly because they operate such an unsustainable business model.

Is spillover bot trustworthy?

This company is jam-packed with red flags that are enough for us to doubt its legitimacy. They lack transparency in the most critical parts. The owners operate in full secrecy, and we have no idea where they are located. Moreover, they did not provide any evidence to show they are involved in cryptocurrency Trading.

The company does not feature any details about cryptocurrency on their website. They only explain how their referral system works. This is probably because this company is not involved in any kind of cryptocurrency trading at all.

This company promises to turn a profit on investments every 1 to 3 hours. They say their system is the easiest and fastest way to make money online. This kind of claim is only seen with illegitimate companies. This is part of their attempt to lure eager unsuspecting investors into their scheme. Ensure you only invest with companies that have a proven track record to avoid being scammed.

This company is especially risky because the mode of payment does not allow you to recover or trace funds. Under these conditions, it is easier to get scammed than it is to make any kind of meaningful returns.

Final Verdict

We do not recommend this company to you. The details we’ve provided here are enough for us to doubt its legitimacy.

You should be extremely cautious when investing online. Always invest with profitable trading bots. A lot of fake companies are set up to make you believe you can make money fast when you spend with them. Be extra suspicious of such companies to avoid getting scammed. This is not to say that there are no legitimate companies that exist and will give you consistent returns without compromising on your funds.

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