Crypto Trader is actually a binary options trading software (not Bitcoin), that opened in July 2017. You were probably intrigued by the video you watch, and want to confirm that other people are making money using the system. The truth is that Crypto Trader is just another get rich quick scam.
Crypto Trader Scam
There were a few problems we noticed during our review of Crypto Trader.
- We could not choose a legal regulated broker, they just connected us with Stern Options.
- It makes no mention of what the signals are based on? Are they random or is there technical analysis data used.
- They are making very large claims about potential for profits, which can lead to complaints.
If you look at the actual software, you will see that it only tells us the “Confidence Factor”, who knows what that really means.
WARNING… You must be aware that a “scam broker” will steal your money, read why.
Be Smart, and Only use a legal, licensed broker, see here.
Crypto Trader Review
The Crypto Trader system is very much like many other binary options trading signals software. When you watch the video, the actors sound very convincing and genuine. They want you to believe that they are somehow connected to Bitcoin and Ethereum, but once you login, you see that it is a trading software like Omnia App.
Real investors that trade CFD’s on Forex pairs, and Crypto Currencies, already know that a trading signal is only as good, as the timing of the trade. If some tells you to buy BTC against the US Dollar because it is going up, you will make money, only if you buy and sell at the correct time. If you buy to early or too late, especially when trading binary options you will lose money.
Compare this software with more popular trading systems.
Warning About Bad Brokers
A huge problem with most free automated trading robots, is that they partner with fake binary option companies. As we already said at the beginning of the review, if you want to see how you will lose your money, you should read how the Forex Investing scam works.
Trading binary options can be profitable and fun, as long as you are using a licensed and regulated broker. Every country has their own government agency that gives licenses to brokers, see here.
Go visit our best brokers page, and you will find local brokers that are licensed.
Popular Trading Robots
The alternative to using a bitcoin signals software, many people choose to use an automated trading system. There are so many systems to choose from, so go look at the list of popular software.