Bitcoin Rush was once an automated trading software for Forex traders, with a few different versions available online. Today all the versions of Bitcoin Rush, are actually just a landing page, which lead to an offshore broker.
Our initial review of the Bitcoin Rush trading app was for the software located at: TheBitcoinsRush.com. That software is no longer accessible. It connects you with a random Crypto CFD broker, sometimes licensed and many times unlicensed. Most recently, they are connecting Australians with an offshore broker called WallStreetExchange.co.uk. It is only a matter of time before the FCA issues a fraud warning for them.
Be careful of offshore / unlicensed brokers! Only use a regulated broker like ForTrade.
Bitcoin Rush Reviews
When comparing and choosing an automated trading system, the first item we look for, is the ability to choose a licensed broker. The second thing we look at, are the settings available to configure to algorithm.
The Bitcoins Rush randomly assigned us a Forex CFD broker, so we could not use our preferred broker. The software uses a simple trading strategy, that is based on unknown technical indicators. What makes this product unique, is their risk management settings, which gives you the ability to set a stop-loss and take profits.
Nowadays in 2022, you will not find any software, instead you will get a phone call from a boiler room agent in Eastern Europe, convincing you to invest with their expert trader.
Bitcoin Rush App Settings
Risk Management: The 6 risk management settings are there to let you control your default trade size and minimize losses from bad signals. It is always smart to set the Max Daily Trades & Max Concurrent Trades number very low.
We have seen trading systems that can generate 100 trades in one hour. The Max Concurrent Trades setting is for you to limit, how many open trades are happening at the same time.
Asset Selection: The signals generated by this Robo-Advisor is for various Crypto Currency as the name would suggest. Simply select which Crypto CFD’s you want the robot to trade for you.
The reason asset selection is so important is because, an algorithm can sometimes work well during normal trading conditions, but will have bad results during volatile markets.
Demo Trading: You will be able to take a tour of the trading software once you are inside the trading room. Just remember, demo trading is not real, and will only show profits! The purpose of a demo is to show you the features of the software, not true trading signals or results.
Popular CFD Brokers
Bitcoin Rush connects investors with a variety of CFD brokers both unregulated and regulated. A huge problem with CFD trading are the many scam brokers that steal your money, and are not regulated by a government authority.
Many trading robots we have reviewed looked good, but they do not work with licensed brokers which means they are a scam.
You will find trading signals from Trading Central, built into their web-based trading app. Try a Free Demo at: ForTrade.com.