CryptoTrader Review - is it scam or safe?

RATING: 1 / 4 REVIEWS
ForexBrokerzCryptoTrader

Beware! CryptoTrader is most probably a scam!

General information

The boom of cryptocurrencies undoubtedly changed financial markets. However, it also brought in the game a lot of crypto scammers – forex and binary options brokers, as well as the so called “crypto robots”. It seems that CryptoTrader belongs to the latter group, as it is a website advertising a cryptocurrency auto trading app with a phenomenal success rate of 99.4%.

CryptoTrader promises you profits of a minimum of $1,300 daily if you just sign up with them and deposit $250. The software won’t take more than 20 minutes of your time a day, as the software does all the work.

However, the website of CryptoTrader fails to provide investors with basic information, such as how their software actually functions, which coins are being traded, etc.

Any verified track record?

As we already said, CryptoTrader promises nearly 100% success rate of cryptocurrency trades thanks to its “innovative algorithm”. No person, nor software can guarantee you such a success rate on the financial markets, so no wonder they have not provided any proven track record of their historical performance.

Most real trading robots and Expert Advisors (EAs) provide such information on their performance and profitability as a sort of proof that the systems are real and functional. Popular copy-trading networks like ZuluTrade or eToro, also have such track records. Besides, the companies behind them are properly regulated.

Regulation and security of funds

CryptoTrader does not mention the name of the company behind the website. There is no contact address, nor even a phone number. So basically the website and its services are anonymous, which is a major red flag.

Needless to say, CryptoTrader does not mention anything about financial regulation either. Whoever are the people behind this website (and supposedly software), they obviously do not fall under any regulatory oversight. This means that they can do what they wish with their clients’ money and there is absolutely no guarantee about the whole product.

We keep reiterating that regulation is the most important factor for the safety of any investment. That is why it is best to deal only with financial services providers licensed by reputable financial authorities such as UK’s FCA, or Cyprus’s CySEC.

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

HYCM is global forex broker with more than 40 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 0.2 pip

Hi
Before I had even completed (and luckily) the registration form my mobile rang with a call from someone at CryptoTrader.
Luckily for me I had not completed my debit card details.....but since registration I have had numerous call trying to get me to deposit some funds to the my account.
They say the calls are recorded and I stated that I wanted time to think more about it. Was told it was only available today only!
I am so glad I did not complete the registration. Now all I have to do is stop them calling!

HELLO
I've big financial difficulties, because I had invested money in Rock-capital. I was using coinbase to transfer money from Swedbank Latvia to rock- finance.com platform. It was on 31.10.2018 - 6000 euro
8.11.2018 - 8000 euro
27.11.2018 - 4600 euro
But when I wanted to withdraw I understood I Have lost thode 18600 euro and I,m in big debts. eve
In this situation police is helpless. Please could You tell me if there is something I can do or somebody who knows what to do.

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